Burger King 2010 Annual Report Download - page 74
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Table of Contents
BURGER KING HOLDINGS, INC. AND SUBSIDIARIES
Consolidated Balance Sheets
(In millions, except
share data)
As of June 30,
2010 2009
ASSETS
Current assets:
Cash and cash equivalents $ 187.6 $ 121.7
Trade and notes receivable, net 142.9 130.0
Prepaids and other current assets, net 88.4 86.4
Deferred income taxes, net 15.1 32.5
Total current assets 434.0 370.6
Property and equipment, net 1,014.1 1,013.2
Intangible assets, net 1,025.4 1,062.7
Goodwill 31.0 26.4
Net investment in property leased to franchisees 138.5 135.3
Other assets, net 104.2 98.9
Total assets $ 2,747.2 $ 2,707.1
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts and drafts payable $ 106.9 $ 127.0
Accrued advertising 71.9 67.8
Other accrued liabilities 200.9 220.0
Current portion of long term debt and capital leases 93.3 67.5
Total current liabilities 473.0 482.3
Term debt, net of current portion 667.7 755.6
Capital leases, net of current portion 65.3 65.8
Other liabilities, net 344.6 354.5
Deferred income taxes, net 68.2 74.1
Total liabilities 1,618.8 1,732.3
Commitments and Contingencies (Note 22)
Stockholders’ equity:
Preferred stock, $0.01 par value; 10,000,000 shares authorized; no shares issued or outstanding — —
Common stock, $0.01 par value; 300,000,000 shares authorized; 135,814,644 and 134,792,121 shares
issued and outstanding at June 30, 2010 and 2009, respectively 1.4 1.4
Restricted stock units — —
Additional paid−in capital 647.2 623.4
Retained earnings 608.0 455.4
Accumulated other comprehensive loss (66.9) (45.9)
Treasury stock, at cost; 2,972,738 and 2,884,223 shares at June 30, 2010 and 2009, respectively (61.3) (59.5)
Total stockholders’ equity 1,128.4 974.8
Total liabilities and stockholders’ equity $ 2,747.2 $ 2,707.1
See accompanying notes to consolidated financial statements.
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