Ethan Allen Interiors Inc. Quarterly report pursuant to Section 13 or 15(d)

Note 15 - Financial Information About the Parent, the Issuer and the Guarantors (Tables)

3 Months Ended

Sep. 30, 2014

	Parent		Issuer			Guarantors			Non-Guarantors			Eliminations			Consolidated
Assets
Current assets:
Cash and cash equivalents	$	-	$	102,897		$	7,517		$	3,894		$	-		$	114,308
Marketable securities		-		12,878			-			-			-			12,878
Accounts receivable, net		-		14,347			304			-			-			14,651
Inventories		-		-			183,490			5,632			(31,603	)		157,519
Prepaid expenses and other current assets		-		8,407			14,087			1,950			-			24,444
Intercompany receivables		-		846,615			325,820			(3,331	)		(1,169,104	)		-
Total current assets		-		985,144			531,218			8,145			(1,200,707	)		323,800
Property, plant and equipment, net		-		8,670			260,863			16,344			-			285,877
Goodwill and other intangible assets		-		37,905			7,223			-			-			45,128
Restricted cash and investments		-		8,007			-			-			-			8,007
Other assets		-		4,990			1,705			672			-			7,367
Investment in affiliated companies		742,283		(105,855	)		-			-			(636,428	)		-
Total assets	$	742,283	$	938,861		$	801,009		$	25,161		$	(1,837,135	)	$	670,179
Liabilities and Shareholders’ Equity
Current liabilities:
Current maturities of long-term debt	$	-	$	-		$	560		$	-		$	-		$	560
Customer deposits		-		-			62,888			3,139			-			66,027
Accounts payable		-		3,805			16,006			240			-			20,051
Accrued expenses and other current liabilities		3,604		36,962			15,591			1,781			-			57,938
Intercompany payables		363,464		(8,804	)		783,438			31,006			(1,169,104	)		-
Total current liabilities		367,068		31,963			878,483			36,166			(1,169,104	)		144,576
Long-term debt		-		129,281			1,295			-			-			130,576
Other long-term liabilities		-		3,152			16,185			475			-			19,812
Total liabilities		367,068		164,396			895,963			36,641			(1,169,104	)		294,964
Shareholders’ equity		375,215		774,465			(94,954	)		(11,480	)		(668,031	)		375,215
Total liabilities and shareholders’ equity	$	742,283	$	938,861		$	801,009		$	25,161		$	(1,837,135	)	$	670,179

	Parent		Issuer			Guarantors			Non-Guarantors			Eliminations			Consolidated
Assets
Current assets:
Cash and cash equivalents	$	-	$	95,567		$	10,347		$	3,262		$	-		$	109,176
Marketable securities		-		18,153			-			-			-			18,153
Accounts receivable, net		-		12,118			308			-			-			12,426
Inventories		-		-			168,996			6,141			(28,862	)		146,275
Prepaid expenses and other current assets		-		6,954			10,800			1,845			-			19,599
Intercompany receivables		-		836,086			322,382			(3,478	)		(1,154,990	)		-
Total current assets		-		968,878			512,833			7,770			(1,183,852	)		305,629
Property, plant and equipment, net		-		8,848			262,272			17,036			-			288,156
Goodwill and other intangible assets		-		37,905			7,223			-			-			45,128
Restricted cash and investments		-		8,507			-			-			-			8,507
Other assets		-		4,620			1,647			747			-			7,014
Investment in affiliated companies		731,003		(107,050	)		-			-			(623,953	)		-
Total assets	$	731,003	$	921,708		$	783,975		$	25,553		$	(1,807,805	)	$	654,434
Liabilities and Shareholders’ Equity
Current liabilities:
Current maturities of long-term debt	$	-	$	-		$	501		$	-		$	-		$	501
Customer deposits		-		-			55,810			3,874			-			59,684
Accounts payable		-		6,423			17,699			198			-			24,320
Accrued expenses and other current liabilities		3,013		30,656			16,292			1,581			-			51,542
Intercompany payables		360,523		(8,468	)		773,850			29,085			(1,154,990	)		-
Total current liabilities		363,536		28,611			864,152			34,738			(1,154,990	)		136,047
Long-term debt		-		129,255			1,156			-			-			130,411
Other long-term liabilities		-		4,241			15,763			505			-			20,509
Total liabilities		363,536		162,107			881,071			35,243			(1,154,990	)		286,967
Shareholders’ equity		367,467		759,601			(97,096	)		(9,690	)		(652,815	)		367,467
Total liabilities and shareholders’ equity	$	731,003	$	921,708		$	783,975		$	25,553		$	(1,807,805	)	$	654,434

	Parent			Issuer		Guarantors			Non-Guarantors			Eliminations			Consolidated
Net sales	$	-		$	122,465	$	200,493		$	12,156		$	(144,408	)	$	190,706
Cost of sales		-			90,984		128,634			7,952			(141,667	)		85,903
Gross profit		-			31,481		71,859			4,204			(2,741	)		104,803

Selling, general and administrative expenses		45			10,741		68,466			5,081			-			84,333
Operating income (loss)		(45	)		20,740		3,393			(877	)		(2,741	)		20,470

Interest and other income (expense)		11,924			1,315		(1	)		24			(13,119	)		143
Interest and other related financing costs		-			1,859		30			-			-			1,889
Income (loss) before income taxes		11,879			20,196		3,362			(853	)		(15,860	)		18,724
Income tax expense		-			5,531		1,232			82			-			6,845
Net income/(loss)	$	11,879		$	14,665	$	2,130		$	(935	)	$	(15,860	)	$	11,879

	Parent			Issuer			Guarantors			Non-Guarantors			Eliminations			Consolidated
Net sales	$	-		$	111,523		$	194,828		$	10,439		$	(135,131	)	$	181,659
Cost of sales		-			83,933			127,155			6,857			(135,029	)		82,916
Gross profit		-			27,590			67,673			3,582			(102	)		98,743

Selling, general and administrative expenses		45			9,632			68,165			4,957			-			82,799
Operating income (loss)		(45	)		17,958			(492	)		(1,375	)		(102	)		15,944

Interest and other income (expense)		9,079			(1,868	)		-			(16	)		(7,113	)		82
Interest and other related financing costs		-			1,851			22			-			-			1,873
Income (loss) before income taxes		9,034			14,239			(514	)		(1,391	)		(7,215	)		14,153
Income tax expense		-			5,058			38			23			-			5,119
Net income/(loss)	$	9,034		$	9,181		$	(552	)	$	(1,414	)	$	(7,215	)	$	9,034

	Parent			Issuer			Guarantors			Non-Guarantors			Eliminations		Consolidated
Net cash provided by (used in) operating activities	$	2,900		$	1,030		$	1,892		$	986		$	-	$	6,808

Cash flows from investing activities:
Capital expenditures		-			(276	)		(4,933	)		(201	)		-		(5,410	)
Acquisitions		-			-			(1,991	)		-			-		(1,991	)
Proceeds from the disposal of property, plant and equipment		-			953			2,352			-			-		3,305
Change in restricted cash and investments		-			500			-			-			-		500
Sales of marketable securities		-			5,075						-			-		5,075
Other		-			44			-			-			-		44
Net cash provided by (used in) investing activities		-			6,296			(4,572	)		(201	)		-		1,523

Cash flows from financing activities:
Payments on long-term debt		-			-			(150	)		-			-		(150	)
Dividends paid		(2,900	)		-			-			-			-		(2,900	)
Other		-			4			-			-			-		4
Net cash provided by (used in) financing activities		(2,900	)		4			(150	)		-			-		(3,046	)

Effect of exchange rate changes on cash		-			-			-			(153	)		-		(153	)
Net increase (decrease) in cash and cash equivalents		-			7,330			(2,830	)		632			-		5,132

Cash and cash equivalents – beginning of period		-			95,567			10,347			3,262			-		109,176
Cash and cash equivalents – end of period	$	-		$	102,897		$	7,517		$	3,894		$	-	$	114,308

	Parent			Issuer			Guarantors			Non-Guarantors			Eliminations		Consolidated
Net cash provided by (used in) operating activities	$	2,477		$	15,198		$	2,707		$	763		$	-	$	21,145

Cash flows from investing activities:
Capital expenditures		-			(159	)		(2,994	)		(152	)		-		(3,305	)
Acquisitions		-			-			-			-			-		-
Proceeds from the disposal of property, plant and equipment		-			18			752			-			-		770
Change in restricted cash and investments		-			499			-			-			-		499
Purchases of marketable securities		-			(3,990	)		-			-			-		(3,990	)
Sales of marketable securities		-			5,920			-			-			-		5,920
Other		-			83			-			-			-		83
Net cash provided by (used in) investing activities		-			2,371			(2,242	)		(152	)		-		(23	)

Cash flows from financing activities:
Payments on long-term debt		-			-			(118	)		-			-		(118	)
Dividends paid		(2,605	)		-			-			-			-		(2,605	)
Other		128			12			-			-			-		140
Net cash provided by (used in) financing activities		(2,477	)		12			(118	)		-			-		(2,583	)

Effect of exchange rate changes on cash		-			-			-			84			-		84
Net increase (decrease) in cash and cash equivalents		-			17,581			347			695			-		18,623

Cash and cash equivalents – beginning of period		-			57,307			12,463			2,831			-		72,601
Cash and cash equivalents – end of period	$	-		$	74,888		$	12,810		$	3,526		$	-	$	91,224