See All of This Company's Exhibits
Exhibit 99.2
Schedule D Part I
TRU TAJ LLC AND SUBSIDIARIES
EXCLUDING PROPCO 1
(UNAUDITED)
CONDENSED CONSOLIDATED OPERATIONS DATA
(UNAUDITED)
| 6 Weeks Ended | ||||
| (In millions) |
February 3, 2018 | |||
| Net sales |
$ | 381 | ||
| Cost of sales |
236 | |||
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| Gross margin |
145 | |||
| Selling, general and administrative expenses |
109 | |||
| Depreciation and amortization |
9 | |||
| Restructuring and other charges |
43 | |||
| Other income, net |
(7 | ) | ||
| Intercompany expense |
20 | |||
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| Total operating expenses |
174 | |||
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| Operating loss |
(29 | ) | ||
| Interest expense, net |
(16 | ) | ||
| Reorganization items, net |
(10 | ) | ||
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| Loss before income taxes |
$ | (55 | ) | |
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| EBITDA (ex. P1) (1) |
$ | 23 | ||
| Capital expenditures |
$ | 6 | ||
SELECT BALANCE SHEET ITEMS
| (In millions) |
February 3, 2018 | |||
| Cash and cash equivalents |
$ | 377 | ||
| Merchandise inventories |
594 | |||
| Restricted cash (2) |
213 | |||
| Accounts payable |
$ | 380 | ||
| Current portion of long-term debt |
445 | |||
| Long-term debt (3) |
391 | |||
| (1) | EBITDA is defined as earnings before income taxes, interest expense, depreciation and amortization and excludes restructuring charges and reorganization line items above. |
| (2) | Includes $158 million of restricted cash at TRU Taj LLC. |
| (3) | Excludes $557 million (carrying value) of Taj Senior Secured Notes classified as Liabilities subject to compromise. |
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Schedule D Part II
| Additional public disclosure for Europe/Australia group: |
6 Weeks Ended | |||
| (In millions) |
February 3, 2018 | |||
| Net sales |
$ | 179 | ||
| EBITDA |
(3 | ) | ||
| Cash (including Taj cash) |
188 | |||
| ABL balance |
— | |||
| Excess ABL Availability |
52 | |||
| 14 Weeks Ended | ||||
| Additional quarterly public disclosure: |
February 3, 2018 | |||
| Same Store Sales (% change YoY) |
(6.2 | )% | ||
| Europe/Australia ex. UK |
(6.8 | )% | ||
| UK |
(17.2 | )% | ||
| Asia |
(1.7 | )% | ||
The foregoing information is being delivered in accordance with Section 4.03(c)(1) of the indenture governing the 11% senior secured ABL DIP notes (the “Notes”) and that this is not all of the information necessary to make an investment decision relating to the Notes. This information has been prepared by and is the responsibility of management and is preliminary and based upon information available to the Company as of the date of the report. The Company may identify items that would require adjustments to the results announced herein. The Company cautions you not to place undue reliance on this financial information as the Company’s auditors have not audited, reviewed, compiled or performed any procedures with respect to this financial data.
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