Exhibit 99.2 | |||||||||
UNITED STATES BANKRUPTCY COURT FOR THE SOUTHERN DISTRICT OF INDIANA | |||||||||
In re | hhgregg, Inc. | Case No. | 17-01302-11 | ||||||
Debtors | |||||||||
MONTHLY OPERATING REPORT hhgregg, Inc. | |||||||||
INDEX TO CONDENSED FINANCIAL STATEMENTS AND SCHEDULES | |||||||||
CONDENSED FINANCIAL STATEMENTS | Page | ||||||||
Condensed Statement of Income | 2 | ||||||||
Condensed Balance Sheet | 3 | ||||||||
Condensed Statement of Cash Flows | 4 | ||||||||
SCHEDULES | |||||||||
Schedule 1 - | Total Disbursements | 5 | |||||||
Schedule 2 - | Bank Reconciliations | 6 | |||||||
Schedule 3 - | Total Disbursements to Retained Professionals | 7 | |||||||
Schedule 4 - | Summary of Unpaid Post-Petition Debts | 8 | |||||||
Schedule 5 - | Schedule of Federal, State, and Local Taxes Collected, Received, Due or Withheld | 9 | |||||||
Schedule 6 - | Accounts Receivable Aging | 10 | |||||||
Schedule 7 - | Questionnaire | 11 | |||||||
I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and the documents attached are true and correct to the best of my knowledge and belief. | |||||||||
Signature of Debtor | Date | ||||||||
Signature of Joint Debtor | Date | ||||||||
/s/ Kevin Kovacs | 4/26/2021 | ||||||||
Signature of Authorized Individual* | Date | ||||||||
Kevin J. Kovacs | CEO/CFO | ||||||||
Printed Name of Authorized Individual | Title of Authorized Individual | ||||||||
* Authorized individual must be an officer, director, or shareholder if debtor is a corporation; a partner if debtor is a partnership; a manager or member if debtor is a limited liability company. |
1
hhgregg, Inc. | |||
DEBTORS AND DEBTORS IN POSSESSION | |||
Condensed Consolidated Statement of Income (unaudited) | |||
For the Period of | |||
March 1, 2021 to | |||
(In Thousands) | March 31, 2021 | ||
Net Sales | $ | — | |
Cost of Goods Sold | — | ||
Gross Profit | — | ||
Operating Expenses: | |||
Advertising Expense, Net | — | ||
Occupancy Costs | — | ||
Data Communications | — | ||
Repair and Maintenance | — | ||
Company Insurance (Non-Medical) | — | ||
Employee Benefits | — | ||
Wage Expense | — | ||
Employee Services | — | ||
Travel and Entertainment | — | ||
Bank Transaction Fees | — | ||
Professional Fees | — | ||
Stock Compensation Expense (Benefit), Net | — | ||
Gain/Loss on Early Extinguishment of Debt | — | ||
Depreciation and Amortization | — | ||
Administrative and Sales Expense | — | ||
Product Services Expense | — | ||
Bad Debts | — | ||
Total Operating Expenses | — | ||
Operating Income | — | ||
Interest Expense, net | — | ||
Other Income/(Expense) | — | ||
Income Before Taxes | — | ||
Income Tax Expense/(Benefit) | — | ||
Net Income | $ | — | |
2
hhgregg, Inc. | |||
DEBTORS AND DEBTORS IN POSSESSION | |||
Condensed Consolidated Balance Sheet (unaudited) | |||
As of | |||
(In Thousands) | 3/31/2021 | ||
Assets | |||
Cash | $ | — | |
Credit Card and Trade Accounts Receivable, Net | — | ||
Accounts Receivable - Other | — | ||
Merchandise Inventories | — | ||
Prepaid Expenses and Other Assets | — | ||
Income Taxes Receivable | — | ||
Total Current Assets | — | ||
Property and Equipment, Net | — | ||
Capitalized Financing Fees, Net | — | ||
Goodwill | — | ||
Trademarks, Net | — | ||
Other Assets, Net | — | ||
Total Assets | — | ||
Liabilities and Stockholders' Deficit | |||
Accounts Payable | — | ||
Outstanding Customer Deposits, Credits, Refunds | — | ||
Unredeemed Gift Card Liability | — | ||
Other Accrued Expenses | — | ||
Deferred Tax Liability | — | ||
DIP Loans | — | ||
Total Current Liabilities | — | ||
Deferred Rent | — | ||
LT Deferred Compensation | — | ||
Other Long-term Liabilities | — | ||
Liabilities Subject to Compromise | $ | — | |
Total Liabilities | — | ||
Preferred Stock | — | ||
Common Stock | — | ||
Retained Earnings / (Accumulated Deficit) | — | ||
Treasury Stock | — | ||
Additional Paid-in Capital | — | ||
Total Stockholders' Deficit | — | ||
Total Liabilities and Stockholders' Deficit | $ | — |
3
hhgregg, Inc. | ||||
DEBTORS AND DEBTORS IN POSSESSION | ||||
Condensed Consolidated Statement of Cash Flows (unaudited) | ||||
For the Period of | ||||
March 1, 2021 to | ||||
(In Thousands) | March 31, 2021 | |||
Cash flows from operating activities: | ||||
Net cash provided by (used in) operating activities | $ | — | ||
Cash flows from investing activities: | ||||
Purchases of property and equipment | — | |||
Proceeds from sale of property and equipment | — | |||
Other | — | |||
Net cash used in investing activities | — | |||
Cash flows from financing activities: | ||||
Net Borrowings (Repayments) on Line of Credit | — | |||
— | ||||
Increase/(decrease) in cash and cash equivalents | — | |||
Cash and cash equivalents at beginning of period | — | |||
Cash and cash equivalents at end of period | $ | — |
5