Toys “R” Us – August M.O.R. Notes Professional Fees Pass $300 million Mark

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September 28, 2018 – Toys “R” Us filed with the U.S. Bankruptcy Court a monthly operating report for the period of August 5, 2018 to September 1, 2018 [Docket No. 5045]. For the period, the Company reported operating earnings and net earnings of $503.0 million and $497.0 million, respectively, on zero in net sales. The earnings figures are heavily impacted by a credit of $589.0 million in other income, net. The consolidated Debtors also reported $78.0 million in depreciation and amortization and $14.0 million in selling, general and administrative expenses. Payments to professionals for the period were $21.1 million bringing the total fees to date to $309.8 million. During the period each of Alvarez & Marsal and Kirkland & Ellis passed the $25 million mark.

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