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Peet's Coffee and Tea, Inc. reported the following about

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Peet's Coffee and Tea, Inc. reported the following about its actual 2007 and expected 2008 capital expenditures in the Management's Discussion and Analysis section of its 2007 annual report;Cash paid for property and equipment totaling $30.8 million included;$20.2 million to build out new stores and remodel existing ones;$1.3 million used for foodservice kiosks, grocery displays, and other equipment for specialty sales;$5.9 million used for additional machinery for the new roasting facilities, and;$3.4 million used for information technology support systems and other software and hardware to support our growing infrastructure.;Our 2008 capital expenditures are expected to be between $29.0 and $31.0 million. Approximately $15.3 million is expected to be used for the opening of 25 to 30 new retail stores scheduled for 2008 and for remodeling existing stores. $3.5 million is expected to be used for remodeling our former roasting and distribution facility into office space. Approximately $3.5 million is expected to be incurred for the design and development of a new enterprise system that we plan to implement in 2009. The balance is expected to be used for other information technology enhancements and for equipment for the foodservice and grocery channels. We expect to finance these capital expenditures with our cash and marketable securities and with operating cash flows.;How do other companies invest their capital? Select a publicly traded company and review the Management's Discussion and Analysis section of its annual report to see what capital expenditures it made, and it what amounts, in its most recent fiscal year.

 

Paper#33317 | Written in 18-Jul-2015

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