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J Jill Is a Women's Clothing Retailer

Question 69

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J. Jill is a women's clothing retailer. The company started as a mail order company and has expanded into mall department stores. The company now receives approximately half of its revenues from mail order and half from retail outlets. Over the time period 2010 to 2012, sales increased approximately 25%.
Discuss the relationship between net income, working capital from operations, and cash flow from operations, and between cash flows from operating, investing, and financing activities over the three-year period.
 CASH FLOW STATEMENT (in thousands) Cash from operationsNet incomeDepreciation & amoitizationNet increase (decrease) in assets & liab.Other adjustments, netNet cash provided by (used in) operationsCash from investinents(Increase) decrease in property & plantOther cash inflow (outflow)Net cash provided by (used in) irvestingCash from financingIssuances (purchases) of equity sharesIncrease (decrease) in borrowingsNet cash provided by (used in) financingNet change cash & cash equivalentsCash and cash equivalents at stant of yearCash and cash equivalents at year end12/25/20128,70618,6636,6961,39635,46128,78435,43464,2183,1421,7061,43627,32159,28731,96612/27/20117,025116,13126,65992450,73934,2651,14335,4088701,64877814,55344,73459,28712/28/201018,43412,67210,6233,99645,72534,7342,45437,1887,8001,7556,04514,58230,15244,734\begin{array}{c}\begin{array}{|l} \hline\text { CASH FLOW STATEMENT (in thousands) }\\ \hline\\ \hline \text {Cash from operations}\\ \hline \text {Net income}\\ \hline \text {Depreciation \& amoitization}\\ \hline \text {Net increase (decrease) in assets \& liab.}\\ \hline \text {Other adjustments, net}\\ \hline \text {Net cash provided by (used in) operations}\\ \hline \\ \hline \text {Cash from investinents}\\ \hline \text {(Increase) decrease in property \& plant}\\ \hline \text {Other cash inflow (outflow)}\\ \hline \text {Net cash provided by (used in) irvesting}\\ \hline \\ \hline \text {Cash from financing}\\ \hline \text {Issuances (purchases) of equity shares}\\ \hline \text {Increase (decrease) in borrowings}\\ \hline \text {Net cash provided by (used in) financing}\\ \hline \\ \hline \text {Net change cash \& cash equivalents}\\ \hline \text {Cash and cash equivalents at stant of year}\\ \hline \text {Cash and cash equivalents at year end}\\ \hline \end{array}\begin{array}{|l|} \hline\\ \hline\\\hline12 / 25 / 2012 \\\hline 8,706 \\\hline 18,663 \\\hline 6,696 \\\hline 1,396 \\\hline 35,461\\\hline\\\hline\\\hline-28,784 \\\hline-35,434 \\\hline-64,218\\\hline\\\hline\\\hline 3,142 \\\hline-1,706 \\\hline 1,436\\\hline-\\\hline -27,321\\\hline59,287\\\hline31,966\\\hline\end{array}\begin{array}{l|} \hline\\ \hline\\\hline12 / 27 / 2011 \\\hline 7,025 \\\hline 116,131 \\\hline 26,659 \\\hline 924 \\\hline 50,739\\\hline\\\hline\\\hline-34,265 \\\hline-1,143 \\\hline-35,408\\\hline\\\hline\\\hline 870\\\hline-1,648 \\\hline -778\\\hline-\\\hline 14,553\\\hline44,734\\\hline59,287\\\hline\end{array}\begin{array}{l|} \hline\\ \hline\\ \hline12 / 28 / 2010\\\hline 18,434 \\\hline 12,672 \\\hline 10,623 \\\hline 3,996 \\\hline 45,725\\\hline\\\hline\\\hline-34,734 \\\hline-2,454 \\\hline-37,188\\\hline\\\hline\\\hline 7,800\\\hline-1,755\\\hline -6,045\\\hline-\\\hline 14,582\\\hline30,152\\\hline44,734\\\hline\end{array}\end{array}

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