Emerson Radio Corp

(AMEX:MSN)

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Quarterly Data
Annual Data
Note: All numbers in thousands

	Jun 30, 2008	Mar 31, 2008	Dec 31, 2007	Sep 30, 2007
Assets
Current Assets
Cash & Equivalents	16,569	14,444	20,395	7,406
Restricted Cash	2,000	—	—	3,000
Marketable Securities	—	—	—	—
Accounts Receivable	21,562	17,289	26,470	31,199
Loans Receivable	—	—	—	—
Other Receivable	1,525	2,131	1,673	1,939
Receivables	23,087	19,420	28,143	33,138
Raw Materials	—	—	—	—
Work in Progress	—	—	—	—
Purchased Components	—	—	—	—
Finished Goods	29,747	28,730	35,372	64,206
Other Inventories	—	—	—	—
Inventories Adjustments and Allowances	-3,154	-3,876	-2,262	-2,844
Inventories	26,593	24,854	33,110	61,362
Prepaid Expenses	2,462	2,246	2,956	3,602
Current Deferred Income Taxes	4,811	5,412	5,071	4,716
Other Current Assets	179	899	1,076	1,219
Total Current Assets	75,701	67,275	90,751	114,443
Land and Improvements	—	—	—	—
Building and Improvements	—	672	—	—
Machinery Furniture and Equipment	—	6,672	—	—
Construction in Progress	—	—	—	—
Other Fixed Assets	7,305	—	6,513	6,592
Total Fixed Assets	7,305	7,344	6,513	6,592
Gross Fixed Assets	7,305	7,344	6,513	6,592
Accumulated Depreciation and Depletion	5,442	5,442	5,039	5,039
Net Fixed Assets	1,863	1,902	1,474	1,553
Intangibles	273	279	285	291
Cost in Excess	—	—	—	—
Non Current Deferred Income Taxes	6,029	5,927	5,787	4,718
Other Non Current Assets	11,122	12,546	629	655
Total Non Current Assets	19,287	20,654	8,175	7,217
Total Assets	94,988	87,929	98,926	121,660
Liabilities
Current Liabilities
Accounts Payable	30,086	21,737	25,321	43,697
Notes Payable	—	—	—	—
Short Term Debt	83	82	73	5,681
Accrued Expenses	—	—	—	—
Accrued Liabilities	706	872	924	865
Deferred Revenues	—	—	—	—
Current Deferred Income Tax Liabilities	—	—	—	—
Other Current Liabilities	178	287	492	433
Total Current Liabilities	31,053	22,978	26,810	50,676
Non Current Liabilities
Long Term Debt	123	142	136	154
Capital Lease Obligations	—	—	—	—
Deferred Income Tax Liabilities	65	57	50	42
Other Non Current Liabilities	—	—	—	—
Minority Interest Liabilities	39	133	—	—
Preferred Securities of Subsidiary Trust Liabilities	—	—	—	—
Preferred Equity Outside Stock Equity	—	—	—	—
Total Non Current Liabilities	31,280	23,310	26,996	50,872
Total Liabilities	227	332	186	196
Shareholders' Equity
Preferred Stock Equity	3,310	3,310	3,310	3,310
Common Stock Equity	60,398	61,309	68,620	67,478
Common Par	529	529	529	529
Additional Paid in Capital	117,263	117,245	117,263	117,235
Cumulative Translation Adjustment	—	—	—	—
Retained Earnings	-33,088	-32,159	-24,866	-25,980
Treasury Stock	-24,224	-24,224	-24,224	-24,224
Other Equity Adjustments	-82	-82	-82	-82
Total Capitalization	63,831	64,761	72,066	70,942
Cash Flow	-9,544	-8,198	-5,581	-2,802
Working Capital	44,648	44,297	63,941	63,767
Free Cash Flow	443	28,190	20,231	1,616
Invested Capital	63,831	64,761	72,066	70,942
Total Equity	63,708	64,619	71,930	70,788
Total Liabilities and Stock Equity	94,988	87,929	98,926	121,660

	Mar 31, 2008	Mar 31, 2007	Mar 31, 2006	Mar 31, 2005
Assets
Current Assets
Cash & Equivalents	14,444	1,851	17,517	2,954
Restricted Cash	—	3,000	3,000	5,620
Marketable Securities	—	—	—	—
Accounts Receivable	17,289	19,375	18,996	29,634
Loans Receivable	—	—	—	—
Other Receivable	2,131	1,536	1,427	1,620
Receivables	19,420	20,911	20,423	31,254
Raw Materials	—	—	—	1,370
Work in Progress	—	—	—	33
Purchased Components	—	—	—	—
Finished Goods	28,730	36,839	34,416	55,075
Other Inventories	—	—	—	—
Inventories Adjustments and Allowances	-3,876	-4,376	-1,413	-2,961
Inventories	24,854	32,463	33,003	53,517
Prepaid Expenses	2,246	3,376	3,694	3,747
Current Deferred Income Taxes	5,412	5,737	4,350	4,923
Other Current Assets	899	24,690	—	—
Total Current Assets	67,275	92,028	81,987	102,015
Land and Improvements	—	—	—	9
Building and Improvements	672	1,818	1,873	2,761
Machinery Furniture and Equipment	6,672	5,713	5,117	14,516
Construction in Progress	—	—	—	—
Other Fixed Assets	—	—	—	—
Total Fixed Assets	7,344	7,531	6,990	17,286
Gross Fixed Assets	7,344	7,531	6,990	17,286
Accumulated Depreciation and Depletion	5,442	5,039	4,490	9,011
Net Fixed Assets	1,902	2,492	2,500	8,275
Intangibles	279	311	442	5,078
Cost in Excess	—	—	—	—
Non Current Deferred Income Taxes	5,927	4,067	6,861	13,375
Other Non Current Assets	12,546	510	712	2,425
Total Non Current Assets	20,654	7,380	10,515	29,153
Total Assets	87,929	99,408	92,502	131,168
Liabilities
Current Liabilities
Accounts Payable	21,737	20,044	18,121	30,365
Notes Payable	—	—	—	—
Short Term Debt	82	3,257	1,926	13,154
Accrued Expenses	—	—	—	—
Accrued Liabilities	872	1,191	1,583	2,137
Deferred Revenues	—	—	—	—
Current Deferred Income Tax Liabilities	—	47	—	—
Other Current Liabilities	287	306	142	243
Total Current Liabilities	22,978	24,845	21,772	45,899
Non Current Liabilities
Long Term Debt	142	651	575	14,970
Capital Lease Obligations	—	—	—	—
Deferred Income Tax Liabilities	57	25	—	—
Other Non Current Liabilities	—	—	—	—
Minority Interest Liabilities	133	—	—	16,696
Preferred Securities of Subsidiary Trust Liabilities	—	—	—	—
Preferred Equity Outside Stock Equity	—	—	—	—
Total Non Current Liabilities	23,310	25,521	22,347	77,565
Total Liabilities	332	676	575	31,666
Shareholders' Equity
Preferred Stock Equity	3,310	3,310	3,310	3,310
Common Stock Equity	61,309	70,577	66,845	50,293
Common Par	529	529	529	529
Additional Paid in Capital	117,245	117,371	117,085	116,788
Cumulative Translation Adjustment	—	—	—	—
Retained Earnings	-32,159	-23,017	-26,475	-43,105
Treasury Stock	-24,224	-24,224	-24,224	-23,832
Other Equity Adjustments	-82	-82	-70	-87
Total Capitalization	64,761	74,538	70,730	68,573
Cash Flow	-8,198	4,308	17,706	9,189
Working Capital	44,297	67,183	60,215	56,116
Free Cash Flow	28,190	-16,891	8,126	-12,048
Invested Capital	64,761	74,538	70,730	68,573
Total Equity	64,619	73,887	70,155	53,603
Total Liabilities and Stock Equity	87,929	99,408	92,502	131,168