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Panera Bread Company Message Board

  • hateconartists hateconartists Jan 10, 2006 12:31 PM Flag

    Depreciations

    1. go to yahoo page for pnra;
    2. click on "cash flow";
    3. click on "quarterly data";
    you will see the following figures in the row for depreciations:

    April 05 --- $9.1 millions
    July 05 --- $7.4 millions
    October 05 --- $7.9 millions

    Since pnra is always "growing", there should be progressively more properties and equipments to depreciate. The sharp drop in July 05 means the depreciation period has been lengthen.

    Reduction in depreciation means increase in earnings. 2 millions a quarter means 8 millions in a year, even if ignoring the "growth" in stores.

    Do you need any other proof?

 
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