ex99-1.htm

Exhibit 99.1

CASE NAME: CIRCUIT CITY STORES, INC., ET AL.		ACCRUAL BASIS
CASE NUMBER: 08-35653
JUDGE: KEVIN R. HUENNEKENS


UNITED STATES BANKRUPTCY COURT

EASTERN DISTRICT OF VIRGINIA

RICHMOND DIVISION

MONTHLY OPERATING REPORT

MONTH ENDING: FEBRUARY 1, 2009 TO FEBRUARY 28, 2009



IN ACCORDANCE WITH TITLE 28, SECTION 1746, OF THE UNITED STATES CODE, I
DECLARE UNDER PENALTY OF PERJURY THAT I HAVE EXAMINED THE FOLLOWING
MONTHLY OPERATING REPORT (ACCRUAL BASIS-1 THROUGH ACCRUAL BASIS-7) AND
THE ACCOMPANYING ATTACHMENTS AND, TO THE BEST OF MY KNOWLEDGE, THESE
DOCUMENTS ARE TRUE, CORRECT AND COMPLETE. DECLARATION OF THE PREPARER
(OTHER THAN RESPONSIBLE PARTY): IS BASED ON ALL INFORMATION OF WHICH
PREPARER HAS ANY KNOWLEDGE.



RESPONSIBLE PARTY:

/s/ MICHELLE O. MOSIER	VICE PRESIDENT AND CONTROLLER
ORIGINAL SIGNATURE OF RESPONSIBLE PARTY	TITLE

MICHELLE O. MOSIER	APRIL 13, 2009
PRINTED NAME OF RESPONSIBLE PARTY	DATE



PREPARER:

/s/ ANN P. PIETRANTONI	DIRECTOR, FINANCIAL REPORTING
ORIGINAL SIGNATURE OF PREPARER	TITLE

ANN P. PIETRANTONI	APRIL 13, 2009
PRINTED NAME OF PREPARER	DATE

CASE NAME: CIRCUIT CITY STORES, INC., ET AL.	ACCRUAL BASIS-1
CASE NUMBER: 08-35653

BALANCE SHEET
(amounts in thousands)

	2/28/2009
ASSETS

CURRENT ASSETS
Cash and cash equivalents		46,535
Restricted cash		1,300
Cash held by Bank of America (1)		326,071
Short-term investments		655
Accounts receivable, net		571,524
Merchandise inventory		153,498
Deferred income taxes, net of valuation allowance		25,202
Income tax receivable		83,701
Prepaid expenses and other current assets		30,192
Intercompany receivables and investments in subsidiaries		522,273

TOTAL CURRENT ASSETS		1,760,951

Property and equipment		1,804,437
Accumulated depreciation		(1,317,740	)
Net property and equipment		486,697
Other assets		148,832

TOTAL ASSETS		2,396,480


LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES
Merchandise payable		50,212
Expenses payable		72,467
Accrued expenses and other current liabilities		97,889
Accrued compensation		20,921
Intercompany payables		15,149
Accrued income taxes		1,457

TOTAL CURRENT LIABILITIES		258,095

Deferred rent credits		121,860
Deferred income taxes, net of valuation allowance		18,834
Other liabilities		26,510

LIABILITIES NOT SUBJECT TO COMPROMISE		425,299

LIABILITIES SUBJECT TO COMPROMISE		1,169,709

TOTAL LIABILITIES		1,595,008

STOCKHOLDERS' EQUITY
Common stock		435,612
Additional paid-in capital		304,915
Retained earnings		31,383
Accumulated other comprehensive income		29,562

TOTAL STOCKHOLDERS' EQUITY		801,472

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY		2,396,480


(1) As permitted under the amended DIP credit facility, Bank of America holds cash as collateral for the company's outstanding letters of credit of $80.7 million as well as cash swept from the company's bank accounts.

CASE NAME: CIRCUIT CITY STORES, INC., ET AL.	ACCRUAL BASIS-2
CASE NUMBER: 08-35653

INCOME STATEMENT
(Amounts in thousands)	2/1/2009 - 2/28/2009
Net sales		643,138
Cost of sales, buying and warehousing		646,885
Gross profit (loss)		(3,747	)
Selling, general and administrative expenses		159,858
Operating loss		(163,605	)
Interest income		11
Interest expense		826
Loss before reorganization items and income taxes		(164,420	)
Reorganization items, net		(163,433	)
GAAP Reversals (1)		70,848
Income tax benefit		(1,546	)
Net loss		(255,459	)

(1) During February 2009, the company reversed items that had been recorded solely for purposes of complying with generally accepted accounting principles. Liabilities reversed include certain liabilities subject to compromise and other reserves established under GAAP. The net impact of these GAAP reversals was a non-cash gain of $70.8 million.

CASE NAME: CIRCUIT CITY STORES, INC., ET AL.	ACCRUAL BASIS-2
CASE NUMBER: 08-35653

INCOME STATEMENT
(Amounts in thousands)	11/10/2008 - 2/28/2009
Net sales		3,102,730
Cost of sales, buying and warehousing		2,649,680
Gross profit		453,050
Selling, general and administrative expenses		604,713
Asset impairment charges (1)		334,559
Operating loss		(486,222	)
Interest income		90
Interest expense		24,695
Loss before reorganization items and income taxes		(510,827	)
Reorganization items, net		(158,526	)
GAAP Reversals (2)		358,750
Income tax benefit		(2,896	)
Net loss		(307,707	)

(1) The company recorded a non-cash impairment charge of $334.6 million during the period between 11/10/2008 and 2/28/2009. The charge was primarily related to long-lived assets at the company's stores.
(2) During the period between 1/1/09 and 2/28/09, the company reversed items that had been recorded solely for purposes of complying with generally accepted accounting principles. Items reversed include accrued straight-line rent, certain liabilities subject to compromise and other reserves established under GAAP. The net impact of these GAAP reversals was a non-cash gain of $358.8 million.

CASE NAME: CIRCUIT CITY STORES, INC., ET AL.	ACCRUAL BASIS-3
CASE NUMBER: 08-35653
CASH RECEIPTS AND
DISBURSEMENTS
(amounts in thousands)
	2/1/2009 - 2/28/2009
Operating Activities:
Net loss	$	(255,459	)

Adjustments to reconcile net loss to net cash
provided by operating activities:
Net loss from reorganization items		163,433
Net gain from GAAP reversals		(70,848	)
Depreciation expense		6,581
Stock-based compensation expense		30
Loss on dispositions of property & equipment		28,563
Provision for deferred income taxes		(5,309	)
Other		(49	)
Changes in operating assets and liabilities:
Restricted cash and cash held by BOA		(327,371	)
Accounts receivable, net		(5,383	)
Merchandise inventory		629,887
Prepaid expenses & other current assets		7,026
Other assets		(9,616	)
Merchandise payable		32,954
Expenses payable		(7,992	)
Accrued expenses, other current liabilities and accrued
income taxes		(14,400	)
Intercompany receivables		5,933
Other long-term liabilities		(13,362	)
Net cash provided by operating activities before
reorganization items		164,618
Cash effect of reorganization items		(144	)
Net cash provided by operating activities		164,474

Investing Activities:
Proceeds from sales of property & equipment		14,313
Net cash provided by investing activities		14,313

Financing Activities:
Proceeds from DIP borrowings		216,820
Principal payments on DIP borrowings		(380,859	)
Principal payments on long-term debt		(351	)
Change in overdraft balances		828
Net cash used in financing activities		(163,562	)

Increase in cash and cash equivalents		15,225
Cash and cash equivalents at beginning of period		31,310
Cash and cash equivalents at end of period	$	46,535

CASE NAME: CIRCUIT CITY STORES, INC., ET AL.	ACCRUAL BASIS-3
CASE NUMBER: 08-35653
CASH RECEIPTS AND
DISBURSEMENTS
(amounts in thousands)
	11/10/2008 - 2/28/2009
Operating Activities:
Net loss	$	(307,707	)

Adjustments to reconcile net loss to net cash provided by
operating activities:
Net loss from reorganization items		158,526
Net gain from GAAP reversals		(358,750	)
Depreciation expense		33,286
Amortization expense		4
Asset impairment charges		334,559
Stock-based compensation benefit		(8,447	)
Loss on dispositions of property & equipment		25,217
Provision for deferred income taxes		1,527
Other		(549	)
Changes in operating assets and liabilities:
Restricted cash and cash held by BOA		(327,371	)
Accounts receivable, net		(248,914	)
Merchandise inventory		1,452,471
Prepaid expenses & other current assets		78,221
Other assets		(18,932	)
Merchandise payable		3,005
Expenses payable		(3,199	)
Accrued expenses, other current liabilities and accrued
income taxes		11,105
Intercompany receivables		4,689
Other long-term liabilities		(82,515	)
Net cash provided by operating activities before
reorganization items		746,226
Cash effect of reorganization items (professional fees)		(3,822	)
Net cash provided by operating activities		742,404

Investing Activities:
Purchases of property and equipment		(729	)
Proceeds from sales of property & equipment		17,682
Net cash provided by investing activities		16,953

Financing Activities:
Proceeds from DIP borrowings		2,961,203
Principal payments on DIP borrowings		(3,691,794	)
Principal payments on other short-term borrowings		(198	)
Proceeds from long-term debt		401
Principal payments on long-term debt		(1,983	)
Change in overdraft balances		(1,783	)
Net cash used in financing activities before
reorganization items		(734,154	)
Cash effect of reorganization items (debt issuance costs)		(26,682	)
Net cash used in financing activities		(760,836	)

Decrease in cash and cash equivalents		(1,479	)
Cash and cash equivalents at beginning of period		48,014
Cash and cash equivalents at end of period	$	46,535

CASE NAME: CIRCUIT CITY STORES, INC., ET AL.									ACCRUAL BASIS-4
CASE NUMBER: 08-35653


							SCHEDULE		MONTH		MONTH			MONTH
ACCOUNTS RECEIVABLE AGING							AMOUNT		12/31/2008		1/31/2009			2/28/2009
	1.		0-30						$	278,092,708		338,025,740			204,246,128
	2.		31-60							73,257,954		87,304,321			141,881,978
	3.		61-90							20,395,564		80,908,211			92,452,362
	4.		91	+						19,527,539		34,272,613			133,017,016
	5.	TOTAL ACCOUNTS RECEIVABLE							$	391,273,765	$	540,510,885		$	571,597,484
	6.	AMOUNT CONSIDERED UNCOLLECTIBLE								2,939,299		73,977			73,977
	7.	ACCOUNTS RECEIVABLE (NET)							$	388,334,466	$	540,436,908		$	571,523,507



AGING OF POSTPETITION TAXES AND PAYABLES									MONTH:		2/1/2009 - 2/28/2009

						0-30		31-60		61-90		91+
TAXES PAYABLE					DAYS		DAYS		DAYS		DAYS			TOTAL
	1.	FEDERAL			$	10,109,033					$	-		$	10,109,033
	2.	STATE				38,144,779		726,160		73,763		27,239			38,971,941
	3.	LOCAL				9,941,463						-			9,941,463
	4.	OTHER (SEE APPENDIX A)				6,391,042		4,723,612		3,722,893		2,803,959			17,641,506
	5.	TOTAL TAXES PAYABLE			$	64,586,317	$	5,449,772	$	3,796,656	$	2,831,198		$	76,663,943

	6.	MERCHANDISE PAYABLE			$	39,718,853	$	15,598,458	$	1,545,611	$	1,884,660		$	58,747,582
		EXPENSES PAYABLE			$	13,996,115	$	29,665,521	$	27,307,891	$	1,114,859		$	72,084,386



STATUS OF POSTPETITION TAXES									MONTH:		2/1/2009 - 2/28/2009

							BEGINNING		AMOUNT					ENDING
							TAX		WITHHELD AND/		AMOUNT			TAX
FEDERAL							LIABILITY*		OR ACCRUED		PAID			LIABILITY
	1.	WITHHOLDING**					$	4,694,979	$	4,287,477	$	(5,814,379	)	$	3,168,077
	2.	FICA-EMPLOYEE**						2,886,715		3,392,651		(3,990,861	)		2,288,505
	3.	FICA-EMPLOYER**						4,566,831		3,242,138		(4,078,265	)		3,730,704
	4.	UNEMPLOYMENT						723,007		198,740					921,747
	5.	INCOME						-							-
	6.	OTHER (ATTACH LIST)						-							-
	7.	TOTAL FEDERAL TAXES					$	12,871,532	$	11,121,006	$	(13,883,505	)	$	10,109,033
STATE AND LOCAL & OTHER
	8.	WITHHOLDING					$	1,268,079	$	1,369,117	$	(1,688,365	)	$	948,831
	9.	SALES						35,175,941		45,035,339		(45,664,526	)		34,546,754
	10.	EXCISE						-							-
	11.	UNEMPLOYMENT						2,420,759		1,103,933		(4,990	)		3,519,702
	12.	REAL PROPERTY						31,620		31,620					63,240
	13.	PERSONAL PROPERTY						9,834,877							9,834,877
	14.	OTHER (SEE APPENDIX A)						14,575,285		5,042,098		(1,975,877	)		17,641,506
	15.	TOTAL STATE & LOCAL & OTHER					$	63,306,561	$	52,582,107	$	(49,333,758	)	$	66,554,910
	16.	TOTAL TAXES					$	76,178,093	$	63,703,113	$	(63,217,263	)	$	76,663,943

	*	The beginning tax liability should represent the liability from the prior month or, if this is the first operating report, the amount should be zero.
	**	Attach photocopies of IRS Form 6123 or your FTD coupon and payment receipt to verify payment or deposit.

CASE NAME: CIRCUIT CITY STORES, INC., ET AL.			APPENDIX A
CASE NUMBER: 08-35653


OTHER TAXES PAYABLE
	0-30 days		31-60 days			61-90 days			91+ days		Total
State & Local Income Taxes		488,216		-			-			-		488,216
Franchise Taxes		969,150		-			-			-		969,150
Business Licenses and Gross Receipts Taxes		272,592		156,876			188,894			150,423		768,785
Other Taxes		128,215		-			-			-		128,215
Real Estate Taxes (passed through by landlord)		4,532,869		4,566,736			3,533,999			2,653,536		15,287,140

Other Taxes Payable		6,391,042		4,723,612			3,722,893			2,803,959		17,641,506






STATUS OF POSTPETITION TAXES - OTHER TAXES

	Beginning Tax Liability		Amount Withheld and/or Accrued						Ending Tax Liability
	Beginning Tax Liability		Amount Withheld and/or Accrued			Amount Paid			Ending Tax Liability

Other Taxes
State & Local Income Taxes (1)	$	1,278,305	$	(610,089	)	$	(180,000	)	$	488,216
Franchise Taxes (1)		935,950		123,200			(90,000	)		969,150
Business Licenses and Gross Receipts Taxes		617,347		608,267			(456,829	)		768,785
Other Taxes		163,113		64,334			(99,232	)		128,215
Real Estate Taxes (passed through by landlord)		11,580,570		4,856,386			(1,149,816	)		15,287,140

Total Other Taxes	$	14,575,285	$	5,042,098		$	(1,975,877	)	$	17,641,506

(1) Income/Franchise taxes related to the fiscal year ending 2/28/09 are considered "postpetition" taxes because the ending date of the period on which the returns are based is postpetition.

CASE NAME: CIRCUIT CITY STORES, INC., ET AL.

ACCRUAL BASIS-5

CASE NUMBER: 08-35653

The debtor in possession must complete the reconciliation below for each bank account,

including all general, payroll and tax accounts, as well as all savings and investment

accounts, money market accounts, certificates of deposit, government obligations, etc.

Accounts with restricted funds should be identified by placing an asterisk next to the

account number. Attach additional sheets if necessary.

MONTH:

2/1/2009 - 2/28/2009

BANK RECONCILIATIONS

Account #1

Account #2

Account #3

A. BANK:

see APPENDIX B

B. ACCOUNT NUMBER:

TOTAL

C. PURPOSE (TYPE):

BALANCE PER BANK STATEMENT

ADD: TOTAL DEPOSITS NOT CREDITED

SUBTRACT: OUTSTANDING CHECKS

OTHER RECONCILING ITEMS

MONTH END BALANCE PER BOOKS

41,837,132

NUMBER OF LAST CHECK WRITTEN

INVESTMENT ACCOUNTS

DATE OF

TYPE OF

PURCHASE

CURRENT

BANK, ACCOUNT NAME & NUMBER

PURCHASE

INSTRUMENT

PRICE

VALUE

Overnight repos on depository accounts

2/28/2009

repo

3,462,355

10.

11.

TOTAL INVESTMENTS

3,462,355

CASH

12.

CURRENCY ON HAND

2,536,059

13.

TOTAL CASH - END OF MONTH

47,835,546

CASE NAME: CIRCUIT CITY STORES, INC., ET AL.						APPENDIX B
CASE NUMBER: 08-35653
G/L Acct #	Account Name	Bank Acct #	Debtor	Description	Bank Balance	G/L Balance	As of Date	Reconciled as of 2/28/09

101003	Wachovia Circuit City Master	2055275431509	Circuit City Stores, Inc.	Funding Account	1,044,975	-	2/28/2009	Y
101003	Wachovia Circuit City Main Disbursement	2000045277427	Circuit City Stores, Inc.	Funding Account	24,098,706	25,149,682	2/28/2009	Y
101015	Wachovia Vendor Disbursement	2079920046733	Circuit City Stores, Inc.	Disbursement Account	-	(25,896)	2/28/2009	Y
101046	Wachovia American Express	2055302199620	Circuit City Stores, Inc.	Depository Account	-	-	2/28/2009	Y
101063	Wachovia Sublease Lockbox	2055303192189	Circuit City Stores, Inc.	Depository Account	-	-	2/28/2009	Y
101082	BOA CC WC Licensing	1257401034	Circuit City West Coast	Transfer Account	-	-	2/28/2009	Y
101089	Wachovia Fifth Third Bankcard	2055304684528	Circuit City Stores, Inc.	Depository Account	-	-	2/28/2009	Y
101092	BOA Data Mailer (Payroll)	7313200844	Circuit City West Coast	Payroll Account	403,986	(996,592)	2/28/2009	Y
101092	Payroll - Data Mailer Shadow	1233557748	Circuit City West Coast	Payroll Account	-	-	2/28/2009	Y
101095	BOA CC W.C. P/R Main Concentration	1257501029	Circuit City West Coast	Funding Account	3,148	3,148	2/28/2009	Y
101100	Suntrust Concentration	88001883706	Circuit City Stores, Inc.	Funding Account	13,423	-	2/28/2009	Y
101104	Wachovia Store Depository	2010008835100	Circuit City Stores, Inc.	Depository Account	85,677	627,220	2/28/2009	Y
101117	Chase Store Depository	744447244	Circuit City Stores, Inc.	Depository Account	104,177	4,224,188	2/28/2009	Y
101150	Wachovia Warranty Sales Deposits	2055303237073	Circuit City Stores, Inc.	Depository Account	-	32,906	2/28/2009	Y
101159	Wachovia Fifth Third Check Collection	2055304993099	Circuit City Stores, Inc.	Depository Account	-	-	2/28/2009	Y
101200	Wachovia Reverse Affiliates Lockbox	2000023001107	Circuit City Stores, Inc.	Depository Account	-	-	2/28/2009	Y
101207	Bank of America Sky Venture	1257555447	Circuit City Stores, Inc.	Depository Account	100	100	2/28/2009	Y
101210	Wachovia Trading Circuit	2000022979133	Circuit City Stores, Inc.	Depository Account	797	797	2/28/2009	Y
101219	Wachovia Corporate Depository	2055305959993	Circuit City Stores, Inc.	Depository Account	-	23,121	2/28/2009	Y
101236	BOA Store Depository	3750979967	Circuit City Stores, Inc.	Depository Account	41,582	6,255,788	2/28/2009	Y
101245	Wachovia Direct Deposit	2000013944038	Circuit City Stores, Inc.	Payroll Account	-	682,589	2/28/2009	Y
101249	Wachovia Empire Blue Cross	2079920015191	Circuit City Stores, Inc.	Depository Account	-	-	2/28/2009	Y
101254	Wachovia Music Payables	2079900056031	Circuit City Stores, Inc.	Disbursement Account	-	(0)	2/28/2009	Y
101255	Wachovia Service Payables	2079900056044	Circuit City Stores, Inc.	Disbursement Account	-	(42,057)	2/28/2009	Y
101270	Wachovia Purchasing E/P Disbursement	2079900470992	Circuit City Stores Purchasing Co., LLC	Disbursement Account	-	(64,933)	2/28/2009	Y
101281	Wachovia Purchasing Co. Concentration	2000022979175	Circuit City Stores Purchasing Co., LLC	Funding Account	9,031	9,031	2/28/2009	Y
101307	Chase CC Empire Blue Cross	475600266	Circuit City Stores, Inc.	Depository Account	436,305	(68,421)	2/28/2009	Y
101320	American Savings Bank Store Depository	9331006380	Circuit City Stores, Inc.	Depository Account	-	0	2/28/2009	Y
101332	Suntrust EP Disbursement	8800606660	Circuit City Stores, Inc.	Disbursement Account	-	-	2/28/2009	Y
101345	Wells Fargo Store Depository	4121524672	Circuit City Stores, Inc.	Depository Account	3,000	2,641,925	2/28/2009	Y
101365	Wachovia Corporate Sales Lockbox	2000022990950	Circuit City Stores, Inc.	Depository Account	-	-	2/28/2009	Y
101385	Wachovia Sales Receivables Lockbox	2000028301048	Circuit City Stores, Inc.	Depository Account	-	-	2/28/2009	Y
101401	Banco Popular CCS PR LLC Operating	030475139	Circuit City Stores PR, LLC	Funding Account	498,597	498,568	2/28/2009	Y
101402	Banco Popular Store Depository	030475120	Circuit City Stores PR, LLC	Depository Account	-	40,126	2/28/2009	Y
101403	Banco Popular Disbursement	030475147	Circuit City Stores PR, LLC	Payroll Account	39	(4,871)	2/28/2009	Y
101450	BOA Fleet Retail Finance Collateral Acct	9392853301	Circuit City Stores, Inc.	Collateral Account	-	-	2/28/2009	Y
101453	Solutran Citizens State Bank Parago Funding Acct	737934	Circuit City Stores, Inc.	Funding Account	4,964	4,964	2/28/2009	Y
101530	Wachovia Ventoux International	2000022979528	Ventoux International	Depository Account	1,050,000	1,050,000	2/28/2009	Y
101580	Wachovia Aviation	2000035264767	Circuit City Stores, Inc.	Depository Account	10,000	10,000	2/28/2009	Y
101600	Solutran Return Checks	454248-F	Circuit City Stores, Inc.	Funding Account	81,140	140,099	2/28/2009	Y
101677	BA Liquidation Acct	4426864923	Circuit City Stores, Inc.	Escrow Account	1,300,095	1,300,095	2/28/2009	Y
128065	Paypal Trading Circuit Account	N/A	Circuit City Stores, Inc.	Depository Account	17,087	17,137	2/28/2009	Y
130002	BOA Letter of Credit Payments	4426634580	Circuit City Stores, Inc.	Funding Account	328,419	328,419	2/28/2009	Y
	MPS Bankcard	71706916	Circuit City Stores, Inc.	Depository Account	-	-	2/28/2009	Y
	Wachovia Tourmalet Corp	2000022979858	Tourmalet Corp	Depository Account	-	-	2/28/2009	Y

					29,535,248	41,837,132

CASE NAME: CIRCUIT CITY STORES, INC., ET AL.					ACCRUAL BASIS-6
CASE NUMBER: 08-35653

					MONTH:	2/1/2009 - 2/28/2009

PAYMENTS TO INSIDERS AND PROFESSIONALS

OF THE TOTAL DISBURSEMENTS SHOWN FOR THE MONTH, LIST THE AMOUNT PAID
TO INSIDERS (AS DEFINED IN SECTION 101 (31) (A)-(F) OF THE U.S. BANKRUPTCY CODE)
AND TO PROFESSIONALS. ALSO, FOR PAYMENTS TO INSIDERS, IDENTIFY THE TYPE OF
COMPENSATION PAID (e.g. SALARY, BONUS, COMMISSIONS, INSURANCE, HOUSING ALLOWANCE,
TRAVEL, CAR ALLOWANCE, ETC.). ATTACH ADDITIONAL SHEETS IF NECESSARY.

INSIDERS
		TYPE OF	AMOUNT	TOTAL PAID
	NAME	PAYMENT	PAID	TO DATE
1.
2.
3.
4.
5.
6.	TOTAL PAYMENTS
	TO INSIDERS (1)


PROFESSIONALS
		DATE OF COURT				TOTAL
		ORDER AUTHORIZING	AMOUNT	AMOUNT	TOTAL PAID	INCURRED
	NAME	PAYMENT	APPROVED	PAID	TO DATE	& UNPAID *
1.	FTI Consulting, Inc.			$ -	$ 500,000	$ 2,044,492
2.	Kirkland & Ellis LLP			141,293	141,293	68,981
3.	KPMG LLP			247,617	247,617	335,819
4.	Kurtzman Carson Consultants LLC			-	2,295,842	-
5.	McGuire Woods, LLP			581,432	581,432	498,822
6.	Skadden, Arps, Slate, Meagher & Flom, LLP			1,003,913	1,773,728	1,346,150
7.	Ernst & Young LLP			251,535	251,535	392,425
8.	Tavenner & Beran, PLC			59,108	59,108	73,212
9.	Jefferies & Company, Inc.			350,674	350,674	187,657
10.	Pachulski, Stang, Ziehl & Jones			-	-	835,845
11.	Rothschild Inc.			-	-	176,326
12.	Protiviti			391,683	391,683	195,958
	TOTAL PAYMENTS
	TO PROFESSIONALS		$ -	$ 3,027,255	$ 6,592,912	$ 6,155,686

* INCLUDE ALL FEES INCURRED, BOTH APPROVED AND UNAPPROVED

POSTPETITION STATUS OF SECURED NOTES, LEASES PAYABLE AND ADEQUATE
PROTECTION PAYMENTS

			SCHEDULED	AMOUNTS
			MONTHLY	PAID	TOTAL
			PAYMENTS	DURING	UNPAID
NAME OF CREDITOR			DUE	MONTH	POSTPETITION
1.	Leases (2)		$ 28,679,756	$ 32,022,070	$ 20,124,490
2.	DIP Credit Facility (3)			380,859,289	-
3.
4.
5.
6.	TOTAL		$ 28,679,756	$ 412,881,359	$ 20,124,490

(1)	Other than salary, fees and benefit payments made in the ordinary course of business and reimbursements for business expenses, no payments have been made to insiders during the reporting period.
(2)	The leases line item is made up of hundreds of landlords. As such, only the total amount is reported in this schedule. The unpaid balance remaining at 2/28/2009 primarily includes rent payments due for the period from 11/10/2008 - 11/30/2008; these payments are being held pursuant to a Court order.
(3)	The amounts paid during the month under the DIP credit facility represent the amounts swept from the debtors' bank accounts to repay amounts owed under the facility.

CASE NAME: CIRCUIT CITY STORES, INC., ET AL.

ACCRUAL BASIS-7

CASE NUMBER: 08-35653

MONTH:

2/1/2009 - 2/28/2009

QUESTIONNAIRE

YES

HAVE ANY ASSETS BEEN SOLD OR TRANSFERRED OUTSIDE

THE NORMAL COURSE OF BUSINESS THIS REPORTING PERIOD?

HAVE ANY FUNDS BEEN DISBURSED FROM ANY ACCOUNT

OTHER THAN A DEBTOR IN POSSESSION ACCOUNT?

ARE ANY POSTPETITION RECEIVABLES (ACCOUNTS, NOTES, OR

LOANS) DUE FROM RELATED PARTIES?

HAVE ANY PAYMENTS BEEN MADE ON PREPETITION LIABILITIES

THIS REPORTING PERIOD?

HAVE ANY POSTPETITION LOANS BEEN RECEIVED BY THE

DEBTOR FROM ANY PARTY?

ARE ANY POSTPETITION PAYROLL TAXES PAST DUE?

ARE ANY POSTPETITION STATE OR FEDERAL INCOME TAXES

PAST DUE?

ARE ANY POSTPETITION REAL ESTATE TAXES PAST DUE?

ARE ANY OTHER POSTPETITION TAXES PAST DUE?

10.

ARE ANY AMOUNTS OWED TO POSTPETITION CREDITORS

DELINQUENT?

11.

HAVE ANY PREPETITION TAXES BEEN PAID DURING THE

REPORTING PERIOD?

12.

ARE ANY WAGE PAYMENTS PAST DUE?

IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "YES," PROVIDE A DETAILED

EXPLANATION OF EACH ITEM. ATTACH ADDITIONAL SHEETS IF NECESSARY.

During February 2009, the company sold assets outside of the normal course of business as part of its liquidation proceedings.

Intercompany transactions in the ordinary course of business have given rise to postpetition receivables.

Payments on prepetition liabilities have been made pursuant to motions granted by the Bankruptcy Court.

The debtors entered into a debtor-in-possession revolving credit facility on 11/12/08 and drew on that facility during the period covered by this report.

Certain real estate taxes are passed through to the debtors from the landlords. A portion of these real estate taxes for the period 11/10/2008 through 11/30/2008 is past due.

Certain business license taxes that covered both prepetition and postpetition periods were due on or before 12/31/2008 but were not paid.

10.

The rent for store leases owed for the period 11/10/2008 through 11/30/2008 is past due; these payments are being held pursuant to a Court order. In addition, due to the liquidation proceedings, the debtors are currently reconciling amounts due to post-petition creditors, which has slowed creditor payments.

INSURANCE

YES

ARE WORKER'S COMPENSATION, GENERAL LIABILITY AND OTHER

NECESSARY INSURANCE COVERAGES IN EFFECT?

ARE ALL PREMIUM PAYMENTS PAID CURRENT?

PLEASE ITEMIZE POLICIES BELOW.

IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "NO," OR IF ANY POLICIES HAVE BEEN

CANCELLED OR NOT RENEWED DURING THIS REPORTING PERIOD, PROVIDE AN EXPLANATION

BELOW. ATTACH ADDITIONAL SHEETS IF NECESSARY.

Self-insurance assessments for California and Washington due in January and February, respectively, were not paid as of 2/28/2009.

		INSTALLMENT PAYMENTS
	TYPE OF			PAYMENT AMOUNT
	POLICY	CARRIER	PERIOD COVERED	& FREQUENCY
	Commercial General Liability	Old Republic Insurance Co.	10/1/08 - 10/1/09	$141,622 paid at inception & $141,292 due on 04/01/09
	Auto Liability	Old Republic Insurance Co.	10/1/08 - 10/1/09	$181,882 paid at inception & $180,457 due on 04/01/09
	Aircraft Liability	Global Aerospace, Inc.	9/17/08 - 9/17/09	$78,340 paid at inception
	Excess Liability - Layer 1	National Union Fire Ins. Co.	10/1/08 - 10/1/09	$513,000 paid at inception
	Excess Liability - Layer 2	Lexington Insurance Co.	10/1/08 - 10/1/09	$86,912.50 paid at inception
	Excess Liability - Layer 3	Great American Insurance Co.	10/1/08 - 10/1/09	$60,600 paid at inception
	Excess Liability - Layer 4	Fireman’s Fund Insurance Co.	10/1/08 - 10/1/09	$45,000 paid at inception
	Excess Liability - Layer 5	Great American Assurance Co.	10/1/08 - 10/1/09	$37,500 paid at inception
	Excess Liability - Layer 6	St. Paul Fire and Marine Insurance Co.	10/1/08 - 10/1/09	$37,400 paid at inception
	Excess Liability - Layer 7	Ohio Casualty Insurance Co.	10/1/08 - 10/1/09	$30,805 paid at inception
	Workers’ Compensation & Employer’s Liability	Old Republic Insurance Co.	10/1/08 - 10/1/09	$464,615 paid at inception & $264,229 due on 04/01/09
	Excess Workers' Compensation	Old Republic Insurance Co.	10/1/08 - 10/1/09	$63,874 paid at inception & $63,874 due on 04/01/09
Self Insured Workers' Compensation States:
	California	Department of Industrial Relations - SIP	ongoing	$53,550 paid in July 2008 and $94,830 due in January 2009
	Ohio	Ohio Bureau of Workers' Compensation	ongoing	$2,442 paid on 2/18/2009
	Washington	Washington Self-Insured Assessments	ongoing	paid quarterly - $67,127 paid to date and $22,874 due in February 2009
Monopolistic State Workers' Compensation Policies:
	Wyoming	Wyoming State WC Premium	ongoing	paid quarterly - $15,744 paid through February 2009
	Foreign Liability Package	National Union Fire Ins. Co.	1/1/08 - 1/1/09	$6,158 paid at inception
	Business Travel Accident	Zurich American	8/1/08 - 8/1/09	$41,232 paid at inception
	Fiduciary	Chubb Group	12/1/08 - 12/1/09	$145,000 paid at inception
	Fiduciary Excess	Arch	12/1/08 - 12/1/09	$121,800 paid at inception
	Crime	Chubb Group	12/1/08 - 12/1/09	$75,000 paid at inception
	Kidnap and Ransom	Chubb Group	12/1/08 - 12/1/09	$5,000 paid at inception
	D&O (Traditional) - Primary	AIG	12/1/08 - 12/1/09	$185,000 paid at inception
	D&O (Traditional) - Layer 1	ACE	12/1/08 - 12/1/09	$166,500 paid at inception
	D&O (Traditional) - Layer 2	XL	12/1/08 - 12/1/09	$150,000 paid at inception
	D&O (Traditional) - Layer 3	Valiant	12/1/08 - 12/1/09	$135,000 paid at inception
	D&O (Traditional) - Layer 4	AWAC	12/1/08 - 12/1/09	$115,000 paid at inception
	Runoff D&O - Primary	CNA	12/1/08 - 12/1/14	$1,177,500 paid at inception
	Runoff D&O - Layer 1	Chubb Group	12/1/08 - 12/1/14	$487,500 paid at inception
	Runoff D&O - Layer 2 (Year 1)	Great American	12/1/08 - 12/1/14	$240,000 paid at inception
	Runoff D&O - Layer 2 (Years 2 - 6)	Axis	12/1/08 - 12/1/14	$240,000 paid at inception
	Runoff D&O - Layer 3	Travelers	12/1/08 - 12/1/14	$822,000 paid at inception
	Runoff D&O - Layer 4	Axis	12/1/08 - 12/1/14	$698,700 paid at inception
	Runoff D&O - Layer 5	RSUI	12/1/08 - 12/1/14	$589,050 paid at inception
	Runoff D&O - Layer 6	Arch	12/1/08 - 12/1/14	$540,000 paid at inception
	Runoff D&O - Layer 7 (Side A DIC)	XL	12/1/08 - 12/1/14	$1,275,000 paid at inception
	Runoff D&O - Layer 8	Chubb Group	12/1/08 - 12/1/14	$375,000 paid at inception
	Property - Boiler & Machinery	Continental Casualty Company	8/15/08 - 8/15/09	$31,734 paid at inception
	Property - StockThroughput/Ocean Cargo	National Liability & Fire	9/5/08 - 8/15/09	$91,845 paid at inception
	Property - All Risk	Lexington, Axis, Lloyds of London, Liberty, GEP, Glacier Ins AG, State National, Princeton Excess, Industrial Risk, Lancashire, Landmark AmeriCNA, & Integon Specialty	8/15/08 - 8/15/09	$2,750,701.66 paid at inception