EX-99.2 3 d552404dex992.htm EX-99.2 EX-99.2

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  
  

 

 

  

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  
  

 

 

  

Total operating expenses

      174  
  

 

 

  

Operating loss

      (29 ) 

Interest expense, net

      (16 ) 

Reorganization items, net

      (10 ) 
  

 

 

  

Loss before income taxes

    $ (55 ) 
  

 

 

  

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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