Burger King 2010 Annual Report Download - page 4

Download and view the complete annual report

Please find page 4 of the 2010 Burger King annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 146

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146

BURGER KING HOLDINGS, INC.
2010 FORM 10−K ANNUAL REPORT
TABLE OF CONTENTS
PART I
Item 1. Business 3
Item 1A. Risk Factors 19
Item 1B. Unresolved Staff Comments 33
Item 2. Properties 34
Item 3. Legal Proceedings 34
PART II
Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity
Securities 35
Item 6. Selected Financial Data 37
Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations 41
Item 7A. Quantitative and Qualitative Disclosures About Market Risk 66
Item 8. Financial Statements and Supplementary Data 68
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 113
Item 9A. Controls and Procedures 113
Item 9B. Other Information 113
PART III
Item 10. Directors, Executive Officers and Corporate Governance 114
Item 11. Executive Compensation 114
Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 114
Item 13. Certain Relationships and Related Transactions, and Director Independence 114
Item 14. Principal Accounting Fees and Services 114
PART IV
Item 15. Exhibits and Financial Statement Schedules 114
EX−10.60
EX−10.61
EX−21.1
EX−23.1
EX−31.1
EX−31.2
EX−32.1
EX−32.2
Burger King®, Whopper®, Whopper Jr.®, Have It Your Way®, Burger King Bun Halves and Crescent Logo®, BK Burger
Shots®, BK® Value Menu, BK® Fresh Apple Fries, BK® Stacker, BK Wrapper®, BK® Breakfast Muffin Sandwich, BK® Kids Meal,
Home of the Whopper®, Hungry Jack’s®, BK Positive Steps®, Tendercrisp®, TenderGrill®, Angry Whoppertm, BK Breakfast Shotstm,
BK Fusiontm, BKtm Positive Steps, Come Como Reytm, King Dealstm, Long Chickentm, Steakhouse XTtm, Whoppertm Bar, BKtm
Fire−Grilled Ribs, BBQtm Stackticon, BKtm Ofertas, BKtm Breakfast Bowl, Stunner Dealstm and Mega Angus XTtm are trademarks
of Burger King Corporation. References to fiscal 2010, fiscal 2009 and fiscal 2008 in this Form 10−K are to the fiscal years ended
June 30, 2010, 2009 and 2008, respectively, and references to fiscal 2011 are to the fiscal year ending June 30, 2011. Unless the
context otherwise requires, all references to “we”, “us”, “our” and “Company” refer to Burger King Holdings, Inc. and its
subsidiaries.
In this document, we rely on and refer to information regarding the restaurant industry, the quick service restaurant segment and
the fast food hamburger restaurant category that has been prepared by the industry research firm The NPD Group, Inc. (which
prepares and disseminates Consumer Reported Eating Share Trends, or CREST data) or compiled from market research reports,
analyst reports and other publicly available information. All industry and market data that are not cited as being from a specified
source are from internal analysis based upon data available from known sources or other proprietary research and analysis.
All financial information within this document has been rounded to one place past the decimal point.
2