Financial Statements for Circuit City Stores, Inc.

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Circuit City Stores, Inc. financials

In Millions of USD (except for per share items)	3 months ending 2008-08-31	3 months ending 2008-05-31	3 months ending 2008-02-29	3 months ending 2007-11-30	3 months ending 2007-08-31
Revenue	2,391.40	2,301.07	3,650.50	2,963.69	2,643.97
Other Revenue, Total	-	-	-	-	-
Total Revenue	2,391.40	2,301.07	3,650.50	2,963.69	2,643.97
Cost of Revenue, Total	1,882.40	1,822.40	2,896.87	2,398.00	2,097.96
Gross Profit	509.00	478.67	753.63	565.69	546.01
Selling/General/Admin. Expenses, Total	668.04	640.01	735.80	708.04	677.91
Research & Development	-	-	-	-	-
Depreciation/Amortization	-	-	-	-	-
Interest Expense(Income) - Net Operating	-	-	-	-	-
Unusual Expense (Income)	73.00	0.00	26.00	-	0.00
Other Operating Expenses, Total	-	-	-	-	-
Total Operating Expense	2,627.06	2,462.92	3,653.24	3,103.88	2,772.13
Operating Income	-235.66	-161.85	-2.75	-140.19	-128.16
Interest Income(Expense), Net Non-Operating	-	-	-	-	-
Gain (Loss) on Sale of Assets	-	-	-	-	-
Other, Net	-	-	-	-	-
Income Before Tax	-235.66	-161.85	-2.75	-140.19	-128.16
Income After Tax	-239.17	-164.81	4.51	-208.00	-63.05
Minority Interest	-	-	-	-	-
Equity In Affiliates	-	-	-	-	-
Net Income Before Extra. Items	-239.17	-164.81	4.51	-208.00	-63.05
Accounting Change	-	-	-	-	-
Discontinued Operations	-	-	-	-	-
Extraordinary Item	-	-	-	-	-
Net Income	-239.17	-164.81	4.85	-207.35	-62.84
Preferred Dividends	-	-	-	-	-
Income Available to Common Excl. Extra Items	-239.17	-164.81	4.51	-208.00	-63.05
Income Available to Common Incl. Extra Items	-239.17	-164.81	4.85	-207.35	-62.84
Basic Weighted Average Shares	-	-	-	-	-
Basic EPS Excluding Extraordinary Items	-	-	-	-	-
Basic EPS Including Extraordinary Items	-	-	-	-	-
Dilution Adjustment	0.00	0.00	-	0.00	0.00
Diluted Weighted Average Shares	165.35	164.95	166.49	164.92	164.84
Diluted EPS Excluding Extraordinary Items	-1.45	-1.00	0.03	-1.26	-0.38
Diluted EPS Including Extraordinary Items	-	-	-	-	-
Dividends per Share - Common Stock Primary Issue	0.00	0.04	0.04	0.04	0.04
Gross Dividends - Common Stock	-	-	-	-	-
Net Income after Stock Based Comp. Expense	-	-	-	-	-
Basic EPS after Stock Based Comp. Expense	-	-	-	-	-
Diluted EPS after Stock Based Comp. Expense	-	-	-	-	-
Depreciation, Supplemental	-	-	-	-	-
Total Special Items	-	-	-	-	-
Normalized Income Before Taxes	-	-	-	-	-
Effect of Special Items on Income Taxes	-	-	-	-	-
Income Taxes Ex. Impact of Special Items	-	-	-	-	-
Normalized Income After Taxes	-	-	-	-	-
Normalized Income Avail to Common	-	-	-	-	-
Basic Normalized EPS	-	-	-	-	-
Diluted Normalized EPS	-1.16	-1.00	0.28	-1.26	-0.38

In Millions of USD (except for per share items)	12 months ending 2008-02-29	12 months ending 2007-02-28	12 months ending 2006-02-28	12 months ending 2005-02-28
Revenue	11,743.69	12,429.75	11,514.15	10,413.52
Other Revenue, Total	-	-	-	-
Total Revenue	11,743.69	12,429.75	11,514.15	10,413.52
Cost of Revenue, Total	9,318.17	9,501.44	8,703.68	7,861.36
Gross Profit	2,425.52	2,928.32	2,810.47	2,552.16
Selling/General/Admin. Expenses, Total	2,770.10	2,841.62	2,595.71	2,470.71
Research & Development	-	-	-	-
Depreciation/Amortization	-	-	-	-
Interest Expense(Income) - Net Operating	-	-	-	-
Unusual Expense (Income)	26.00	92.00	0.00	0.00
Other Operating Expenses, Total	-	0.00	0.00	-5.56
Total Operating Expense	12,097.27	12,409.43	11,280.71	10,316.56
Operating Income	-353.58	20.33	233.44	96.97
Interest Income(Expense), Net Non-Operating	-	-	-	-
Gain (Loss) on Sale of Assets	-	-	-	-
Other, Net	-	-	-	-
Income Before Tax	-353.58	20.33	233.44	96.97
Income After Tax	-321.35	-10.18	147.45	60.57
Minority Interest	-	-	-	-
Equity In Affiliates	-	-	-	-
Net Income Before Extra. Items	-321.35	-10.18	147.45	60.57
Accounting Change	-	-	-	-
Discontinued Operations	-	-	-	-
Extraordinary Item	-	-	-	-
Net Income	-319.90	-8.28	139.75	61.66
Preferred Dividends	-	-	-	-
Income Available to Common Excl. Extra Items	-321.35	-10.18	147.45	60.57
Income Available to Common Incl. Extra Items	-319.90	-8.28	139.75	61.66
Basic Weighted Average Shares	-	-	-	-
Basic EPS Excluding Extraordinary Items	-	-	-	-
Basic EPS Including Extraordinary Items	-	-	-	-
Dilution Adjustment	0.00	0.00	-	-
Diluted Weighted Average Shares	165.13	170.45	180.65	196.23
Diluted EPS Excluding Extraordinary Items	-1.95	-0.06	0.82	0.31
Diluted EPS Including Extraordinary Items	-	-	-	-
Dividends per Share - Common Stock Primary Issue	0.16	0.12	0.07	0.07
Gross Dividends - Common Stock	-	-	-	-
Net Income after Stock Based Comp. Expense	-	-	-	-
Basic EPS after Stock Based Comp. Expense	-	-	-	-
Diluted EPS after Stock Based Comp. Expense	-	-	-	-
Depreciation, Supplemental	-	-	-	-
Total Special Items	-	-	-	-
Normalized Income Before Taxes	-	-	-	-
Effect of Special Items on Income Taxes	-	-	-	-
Income Taxes Ex. Impact of Special Items	-	-	-	-
Normalized Income After Taxes	-	-	-	-
Normalized Income Avail to Common	-	-	-	-
Basic Normalized EPS	-	-	-	-
Diluted Normalized EPS	-1.69	0.83	0.82	0.31

In Millions of USD (except for per share items)	As of 2008-08-31	As of 2008-05-31	As of 2008-02-29	As of 2007-11-30	As of 2007-08-31
Cash & Equivalents	91.23	90.85	296.06	194.92	130.90
Short Term Investments	1.27	1.33	1.37	288.14	293.50
Cash and Short Term Investments	92.50	92.18	297.42	483.06	424.40
Accounts Receivable - Trade, Net	329.52	307.03	330.60	447.32	304.96
Receivables - Other	-	-	-	-	-
Total Receivables, Net	490.90	468.80	488.71	593.37	408.43
Total Inventory	1,508.94	1,686.31	1,573.56	2,591.68	1,833.23
Prepaid Expenses	43.87	73.70	41.35	73.21	73.88
Other Current Assets, Total	32.47	28.57	38.67	31.46	107.19
Total Current Assets	2,168.69	2,349.56	2,439.72	3,772.78	2,847.13
Property/Plant/Equipment, Total - Gross	2,541.25	2,519.02	2,485.57	2,442.22	2,355.48
Goodwill, Net	113.93	116.93	118.03	142.42	134.86
Intangibles, Net	15.80	17.55	18.40	18.79	18.85
Long Term Investments	-	-	-	-	-
Other Long Term Assets, Total	134.96	127.48	132.46	40.59	62.25
Total Assets	3,400.08	3,649.32	3,745.93	4,999.61	4,037.51
Accounts Payable	754.52	933.19	912.09	1,917.35	1,110.22
Accrued Expenses	686.36	673.28	664.33	1,021.68	722.40
Notes Payable/Short Term Debt	215.00	55.00	0.00	20.00	0.00
Current Port. of LT Debt/Capital Leases	14.20	11.80	11.58	9.28	8.27
Other Current liabilities, Total	17.16	17.43	17.68	11.46	21.14
Total Current Liabilities	1,687.25	1,690.69	1,605.69	2,979.78	1,862.03
Long Term Debt	52.57	60.83	57.05	51.54	50.71
Capital Lease Obligations	-	-	-	-	-
Total Long Term Debt	52.57	60.83	57.05	51.54	50.71
Total Debt	281.77	127.63	68.63	80.82	58.98
Deferred Income Tax	31.28	25.54	35.59	26.85	-
Minority Interest	-	-	-	-	-
Other Liabilities, Total	552.23	539.52	544.43	502.79	487.72
Total Liabilities	2,323.33	2,316.59	2,242.76	3,560.95	2,400.46
Redeemable Preferred Stock, Total	-	-	-	-	-
Preferred Stock - Non Redeemable, Net	-	-	-	-	-
Common Stock, Total	84.06	84.26	84.43	84.19	84.29
Additional Paid-In Capital	327.74	322.93	319.57	315.35	310.99
Retained Earnings (Accumulated Deficit)	570.46	809.62	981.11	982.97	1,196.98
Treasury Stock - Common	-	-	-	-	-
Other Equity, Total	94.49	115.92	118.06	56.16	44.78
Total Equity	1,076.75	1,332.73	1,503.17	1,438.66	1,637.05
Total Liabilities & Shareholders' Equity	3,400.08	3,649.32	3,745.93	4,999.61	4,037.51
Shares Outs - Common Stock Primary Issue	-	-	-	-	-
Total Common Shares Outstanding	168.13	168.51	168.86	168.38	168.59

In Millions of USD (except for per share items)	As of 2008-02-29	As of 2007-02-28	As of 2006-02-28	As of 2005-02-28
Cash & Equivalents	296.06	141.14	315.97	879.66
Short Term Investments	1.37	598.34	521.99	125.33
Cash and Short Term Investments	297.42	739.48	837.96	1,004.99
Accounts Receivable - Trade, Net	330.60	382.56	220.87	230.60
Receivables - Other	-	-	-	-
Total Receivables, Net	488.71	425.28	226.44	230.60
Total Inventory	1,573.56	1,636.51	1,698.03	1,455.17
Prepaid Expenses	41.35	47.38	41.31	23.20
Other Current Assets, Total	38.67	34.87	29.60	31.19
Total Current Assets	2,439.72	2,883.51	2,833.34	2,745.16
Property/Plant/Equipment, Total - Gross	2,485.60	2,221.33	2,018.76	1,819.54
Goodwill, Net	118.03	121.77	224.00	215.88
Intangibles, Net	18.40	19.29	30.37	31.33
Long Term Investments	-	-	-	-
Other Long Term Assets, Total	132.46	61.69	141.98	120.70
Total Assets	3,745.93	4,007.28	4,069.04	3,840.01
Accounts Payable	912.09	922.21	850.36	635.67
Accrued Expenses	317.51	380.22	287.04	170.63
Notes Payable/Short Term Debt	0.00	0.00	22.00	0.00
Current Port. of LT Debt/Capital Leases	11.58	7.16	7.25	0.89
Other Current liabilities, Total	364.50	404.44	455.68	508.29
Total Current Liabilities	1,605.69	1,714.03	1,622.33	1,315.48
Long Term Debt	57.05	50.49	51.98	19.94
Capital Lease Obligations	-	-	-	-
Total Long Term Debt	57.05	50.49	51.98	19.94
Total Debt	68.63	57.65	81.24	20.83
Deferred Income Tax	35.59	0.00	-	-
Minority Interest	-	-	-	-
Other Liabilities, Total	544.43	451.52	440.10	424.65
Total Liabilities	2,242.76	2,216.04	2,114.41	1,760.08
Redeemable Preferred Stock, Total	-	-	-	-
Preferred Stock - Non Redeemable, Net	-	-	-	-
Common Stock, Total	84.43	85.34	87.39	94.08
Additional Paid-In Capital	319.57	344.14	458.21	721.04
Retained Earnings (Accumulated Deficit)	981.11	1,336.32	1,364.74	1,239.71
Treasury Stock - Common	-	-	-	-
Other Equity, Total	118.06	25.44	44.29	25.10
Total Equity	1,503.17	1,791.24	1,954.63	2,079.93
Total Liabilities & Shareholders' Equity	3,745.93	4,007.28	4,069.04	3,840.01
Shares Outs - Common Stock Primary Issue	-	-	-	-
Total Common Shares Outstanding	168.86	170.69	174.79	188.15

In Millions of USD (except for per share items)	6 months ending 2008-08-31	3 months ending 2008-05-31	12 months ending 2008-02-29	9 months ending 2007-11-30
Net Income/Starting Line	-403.99	-164.81	-319.90	-324.75
Depreciation/Depletion	90.55	45.11	183.43	137.67
Amortization	1.33	0.67	4.19	3.51
Deferred Taxes	0.11	0.85	27.59	46.13
Non-Cash Items	81.21	6.76	70.56	34.61
Changes in Working Capital	-115.56	-164.09	4.35	9.97
Cash from Operating Activities	-346.34	-275.53	-29.77	-92.86
Capital Expenditures	-110.50	-50.75	-325.38	-246.04
Other Investing Cash Flow Items, Total	37.26	23.02	666.55	353.42
Cash from Investing Activities	-73.24	-27.73	341.17	107.38
Financing Cash Flow Items	-0.81	-0.04	-21.02	-0.33
Total Cash Dividends Paid	-6.65	-6.66	-26.84	-20.15
Issuance (Retirement) of Stock, Net	0.00	0.00	-41.85	-41.86
Issuance (Retirement) of Debt, Net	222.95	104.86	-68.19	101.44
Cash from Financing Activities	215.48	98.17	-157.91	39.10
Foreign Exchange Effects	-0.72	-0.11	1.43	0.16
Net Change in Cash	-204.82	-205.21	154.91	53.78
Cash Interest Paid, Supplemental	-	-	1.20	-
Cash Taxes Paid, Supplemental	-	-	6.00	-

In Millions of USD (except for per share items)	12 months ending 2008-02-29	12 months ending 2007-02-28	12 months ending 2006-02-28	12 months ending 2005-02-28
Net Income/Starting Line	-319.90	-8.28	139.75	61.66
Depreciation/Depletion	183.43	177.83	160.61	151.60
Amortization	4.19	3.65	2.62	1.85
Deferred Taxes	27.59	72.72	-14.25	-116.30
Non-Cash Items	70.56	120.39	22.85	9.82
Changes in Working Capital	4.35	-46.64	43.49	273.53
Cash from Operating Activities	-29.77	319.65	355.06	382.15
Capital Expenditures	-325.38	-285.73	-254.45	-261.46
Other Investing Cash Flow Items, Total	666.55	-46.03	-347.52	187.97
Cash from Investing Activities	341.17	-331.75	-601.97	-73.50
Financing Cash Flow Items	-70.66	33.06	-22.54	35.60
Total Cash Dividends Paid	-26.84	-20.13	-12.84	-13.85
Issuance (Retirement) of Stock, Net	-41.85	-147.54	-302.31	-232.68
Issuance (Retirement) of Debt, Net	-18.56	-26.76	19.26	-29.14
Cash from Financing Activities	-157.91	-161.37	-318.43	-240.06
Foreign Exchange Effects	1.43	-1.36	1.66	2.02
Net Change in Cash	154.91	-174.83	-563.69	70.62
Cash Interest Paid, Supplemental	1.20	1.50	6.80	4.90
Cash Taxes Paid, Supplemental	6.00	74.20	94.20	152.80