strategic-management

122 JOHN BURBRIDGE AND COLEMAN RICH
EXHIBIT 2 Krispy Kreme’s Balance Sheets (all numbers in thousands)
PERIOD ENDING 1-Feb-09 3-Feb-08 28-Jan-07
Assets
Current Assets
Cash and Cash Equivalents 35,538 24,735 36,242
Short Term Investments — — —
Net Receivables 20,770 26,764 64,227
Inventory 15,587 19,987 26,162
Other Current Assets 3,911 4,594 5,187
Total Current Assets 75,806 76,080 131,818
Long Term Investments 1,365 2,024 4,261
Property Plant and Equipment 85,075 90,996 168,654
Goodwill 23,496 23,496 28,094
Intangible Assets 1,036 1,531 1,900
Accumulated Amortization — — —
Other Assets 6,144 5,855 9,226
Deferred Long Term Asset Charges 2,004 2,369 5,539
Total Assets
Libilities
Current Liabilities
194,926 202,351 349,492
Accounts Payable 27,816 30,630 133,140
Short/Current Long Term Debt 3,761 3,788 1,730
Other Current Liabilities 8,039 8,800 —
Total Current Liabilities 39,616 43,218 134,870
Long Term Dept 97,449 75,156 105,966
Other Liabilities — 23,865 25,656
Deferred Long Term Liability Charges 106 3,488 4,038
Minority Interest — — —
Negative Goodwill — — —
Total Liabilities
Stockholders’ Equity
137,171 145,727 270,530
Misc Stocks Options Warrants — — —
Redeemable Preferred Stock — — —
Preferred Stock — — —
Common Stock 361,801 355,615 310,942
Retained Earnings (303,133) (299,072) (233,246)
Treasury Stock — — —
Capital Surplus — — —
Other Stockholders’ Equity (913) 81 1,266
Total Stockholders’ Equity 57,755 56,624 78,962
Total Liabilities and SE 194,926 202,351 349,492
Source: www.krispykreme.com.
KKD Divisions and Operations
As of February 1, 2009, the end of the last fiscal year, Krispy Kreme was operating 523
stores in the United States, Australia, Bahrain, Canada, Hong Kong, Indonesia, Japan,
Kuwait, Lebanon, Mexico, the Philippines, Puerto Rico, Qatar, Saudi Arabia, South Korea,
the United Arab Emirates, and the United Kingdom.
There are two types of Krispy Kreme stores. Again, as of February 1, 2009, there are
281 factory stores with 185 of these stores located in the United States. Factory stores usually