http://www.seritage.com/properties
The list of property includes closed and closing stores to date.
But Sears rent still pays alot...so he needs you for now
http://www.businessinsider.com/sears-demise-turning-into-challenge-for-lamperts-seritage-2017-5
Trying to make it to the end or July or early August (end of quarter). Will announce another dismal quarterly loss for 2Q 2018 and then shut it all down right before CHristmas. This will help with the liquidation.
Quarterly Income Statement (values in 000's) Get Annual Data
Quarter: Trend 1st 4th 3rd 2nd
Quarter Ending: 5/5/2018 2/3/2018 10/28/2017 7/29/2017
Total Revenue
$2,891,000 $4,376,000 $3,660,000 $4,467,000
Cost of Revenue
$2,286,000 $3,452,000 $2,958,000 $3,497,000
Gross Profit
$605,000 $924,000 $702,000 $970,000
Operating Expenses
Research and Development
$0 $0 $0 $0
Sales, General and Admin.
$906,000 $1,156,000 $1,339,000 $1,415,000
Non-Recurring Items
$14,000 $113,000 $9,000 $5,000
Other Operating Items
$67,000 $73,000 $89,000 $83,000
Operating Income
($217,000) ($207,000) ($419,000) ($153,000)
Add'l income/expense items
$133,000 $213,000 $316,000 $414,000
Earnings Before Interest and Tax
($249,000) ($205,000) ($419,000) ($119,000)
Interest Expense
$166,000 $152,000 $136,000 $123,000
Earnings Before Tax
($415,000) ($357,000) ($555,000) ($242,000)
Income Tax
$9,000 ($539,000) $3,000 $10,000
Minority Interest
$0 $0 $0 $0
Equity Earnings/Loss Unconsolidated Subsidiary
$0 $0 $0 $0
Net Income-Cont. Operations
($424,000) $182,000 ($558,000) ($252,000)
Net Income
($424,000) $182,000 ($558,000) ($252,000)
Net Income Applicable to Common Shareholders
($424,000) $182,000 ($558,000) ($252,000)
https://www.nasdaq.com/symbol/shld/financials?query=cash-flow
Period Ending: Trend 2/3/2018 1/28/2017 1/30/2016 1/31/2015
Net Income
($383,000) ($2,221,000) ($1,129,000) ($1,682,000)
Cash Flows-Operating Activities
Depreciation
$378,000 $368,000 $430,000 $619,000
Net Income Adjustments
($2,753,000) $626,000 ($497,000) $141,000
Changes in Operating Activities
Accounts Receivable
$0 $0 $0 $0
Changes in Inventories
$1,144,000 $1,213,000 ($229,000) $1,091,000
Other Operating Activities
$829,000 ($1,039,000) ($465,000) ($785,000)
Liabilities
($1,057,000) ($328,000) ($278,000) ($643,000)
Net Cash Flow-Operating
($1,842,000) ($1,381,000) ($2,167,000) ($1,387,000)
Cash Flows-Investing Activities
Capital Expenditures
($80,000) ($142,000) ($211,000) ($270,000)
Investments
$293,000 $0 $0 $0
Other Investing Activities
$1,681,000 $386,000 $2,730,000 $597,000
Net Cash Flows-Investing
$1,894,000 $244,000 $2,519,000 $327,000
Cash Flows-Financing Activities
Sale and Purchase of Stock
$0 $0 $0 $0
Net Borrowings
$41,000 $1,236,000 ($314,000) ($172,000)
Other Financing Activities
$0 $0 $0 $484,000
Net Cash Flows-Financing
($2,000) $1,185,000 ($364,000) $285,000
Effect of Exchange Rate
$0 $0 $0 ($3,000)
Net Cash Flow
$50,000 $48,000 ($12,000) ($778,000)
Balance sheet
Period Ending: Trend 2/3/2018 1/28/2017 1/30/2016 1/31/2015
Current Assets
Cash and Cash Equivalents
$336,000 $286,000 $238,000 $250,000
Short-Term Investments
$0 $0 $0 $0
Net Receivables
$343,000 $466,000 $419,000 $429,000
Inventory
$2,798,000 $3,959,000 $5,172,000 $4,943,000
Other Current Assets
$335,000 $285,000 $216,000 $241,000
Total Current Assets
$3,812,000 $4,996,000 $6,045,000 $5,863,000
Long-Term Assets
Long-Term Investments
$0 $0 $0 $0
Fixed Assets
$1,729,000 $2,240,000 $2,631,000 $4,449,000
Goodwill
$269,000 $269,000 $269,000 $269,000
Intangible Assets
$1,168,000 $1,521,000 $1,909,000 $2,097,000
Other Assets
$284,000 $336,000 $483,000 $507,000
Deferred Asset Charges
$0 $0 $0 $0
Total Assets
$7,262,000 $9,362,000 $11,337,000 $13,185,000
Current Liabilities
Accounts Payable
$247,000 $339,000 $284,000 $380,000
Short-Term Debt / Current Portion of Long-Term Debt
$2,459,000 $1,638,000 $2,442,000 $2,310,000
Other Current Liabilities
$2,209,000 $2,704,000 $2,712,000 $2,905,000
Total Current Liabilities
$4,915,000 $4,681,000 $5,438,000 $5,595,000
Long-Term Debt
$2,496,000 $3,808,000 $2,272,000 $3,087,000
Other Liabilities
$3,086,000 $3,391,000 $3,937,000 $4,253,000
Deferred Liability Charges
$488,000 $1,306,000 $1,646,000 $1,195,000
Misc. Stocks
$0 $0 $0 $0
Minority Interest
$0 $0 $7,000 $6,000
Total Liabilities
$10,985,000 $13,186,000 $13,300,000 $14,136,000
Stock Holders Equity
Common Stocks
$1,000 $1,000 $1,000 $1,000
Capital Surplus
$9,063,000 $9,130,000 $9,173,000 $9,189,000
Retained Earnings
($5,895,000) ($5,512,000) ($3,291,000) ($2,162,000)
Treasury Stock
($5,820,000) ($5,891,000) ($5,928,000) ($5,949,000)
Other Equity
($1,072,000) ($1,552,000) ($1,918,000) ($2,030,000)
Total Equity
($3,723,000) ($3,824,000) ($1,963,000) ($951,000)
Total Liabilities & Equity
$7,262,000 $9,362,000 $11,337,000 $13,185,000
there are the numbers it's done sunk
SEARS is losing more than $3 million per day.... a $45 million dollar loan only buys you another 14 or 15 days max. Maybe as little as 8 days.....
45 million will get us through one quarter on a shoestring. You really should remember that this company is burning nearly a billion a year
Sears amends credit agreement, takes new loans
Jul. 6, 2018 5:53 PM • Jason Aycock
In an SEC filing, Sears Holdings (NASDAQ:SHLD) says it's amended its credit agreement to increase the loan-to-value cap on some loans, and arranges for $45M in new loans...
You got a bit longer...
https://seekingalpha.com/news/3368448-sears-amends-credit-agreement-takes-new-loans