SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF REGISTRANT

12 Months Ended

Jan. 31, 2016

SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF REGISTRANT

KRISPY KREME DOUGHNUTS, INC.
(PARENT COMPANY ONLY)

STATEMENT OF INCOME

	Year Ended
	January 31,		February 1,		February 2,
	2016		2015		2014
	(In thousands, except per share amounts)
Equity in income of subsidiaries	$	32,398	$	30,060	$	34,256
Miscellaneous expenses		-		-		-
Income before income taxes		32,398		30,060		34,256
Provision for income taxes		-		-		-
Net income	$	32,398	$	30,060	$	34,256

Earnings per common share:
Basic	$	0.50	$	0.45	$	0.51
Diluted	$	0.48	$	0.44	$	0.48

STATEMENT OF COMPREHENSIVE INCOME

BALANCE SHEET

	January 31,			February 1,
	2016			2015
	(In thousands)
ASSETS

Investment in and advances to subsidiaries	$	256,140		$	267,786

SHAREHOLDERS' EQUITY

Preferred stock	$	-		$	-
Common stock		266,724			310,768
Accumulated other comprehensive income		-			-
Accumulated deficit		(10,584	)		(42,982	)
Total shareholders' equity	$	256,140		$	267,786

STATEMENT OF CASH FLOWS

	Year Ended
	January 31,			February 1,			February 2,
	2016			2015			2014
	(In thousands)
CASH FLOW FROM OPERATING ACTIVITIES:
Net income	$	32,398		$	30,060		$	34,256
Equity in income of subsidiaries		(32,398	)		(30,060	)		(34,256	)
Net cash provided by (used for) operating activities		-			-			-
CASH FLOW FROM INVESTING ACTIVITIES:
Investments in subsidiaries		49,628			33,622			20,540
Net cash provided by (used for) investing activities		49,628			33,622			20,540
CASH FLOW FROM FINANCING ACTIVITIES:
Proceeds from exercise of stock options		1,933			10,259			2,517
Repurchase of common shares		(51,561	)		(43,881	)		(23,057	)
Net cash provided by (used for) financing activities		(49,628	)		(33,622	)		(20,540	)
Net increase (decrease) in cash and cash equivalents		-			-			-
Cash and cash equivalents at beginning of period		-			-			-
Cash and cash equivalents at end of period	$	-		$	-		$	-