Coldwater Creek (CWTRQ) 8-K/A Financial statements and exhibits

Exhibit 99.1

COLDWATER CREEK INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(unaudited, in thousands, except for share data)

	May 4, 2002			August 3, 2002			November 2, 2002			February 1, 2003
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	442		$	333		$	1,421		$	26,630
Receivables		3,924			4,064			5,563			6,112
Inventories		66,273			68,254			87,877			59,686
Prepaid and other		5,147			5,634			4,577			4,409
Prepaid and deferred catalog costs		5,640			6,541			17,462			7,133
Deferred income taxes		2,250			2,250			2,250			1,915
Total current assets		83,676			87,076			119,150			105,885
Property and equipment, net		78,557			81,368			82,707			81,214
Executive loans		718			548			548			548
Total assets	$	162,951		$	168,992		$	202,405		$	187,647
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES:
Revolving line of credit	$	—		$	3,471		$	—		$	—
Accounts payable		34,362			42,980			67,040			45,951
Accrued liabilities		18,364			14,258			20,126			18,919
Income taxes payable		—			—			1,068			3,650
Total current liabilities		52,726			60,709			88,234			68,520
Deferred income taxes		3,794			1,794			1,794			1,631
Deferred rents		8,041			9,651			10,669			11,533
Total liabilities		64,561			72,154			100,697			81,684
Commitments and contingencies
STOCKHOLDERS’ EQUITY:
Preferred stock, $.01 par value, 1,000,000 shares authorized, none issued and outstanding		—			—			—			—
Common stock, $.01 par value, 60,000,000 shares authorized, 16,121,700, 16,161,450, 16,161,450 and 16,185,111 shares issued, respectively (a)		161			162			162			162
Additional paid-in capital		50,169			50,751			50,789			51,286
Treasury shares, at cost, 209,100 shares		(4,715	)		(4,715	)		(4,715	)		(4,715	)
Retained earnings (a)		52,775			50,640			55,472			59,230
Total stockholders’ equity		98,390			96,838			101,708			105,963
Total liabilities and stockholders’ equity	$	162,951		$	168,992		$	202,405		$	187,647

Note (a): The above common stock issued and retained earnings amounts reflect a 50% stock dividend having the effect of a 3-for-2 stock split declared by the Board of Directors on December 19, 2002.