Burger King 2011 Annual Report Download - page 129

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Table of Contents
BURGER KING HOLDINGS, INC. AND SUBSIDIARIES
Notes to Consolidated Financial Statements — (Continued)
Successor
BURGER KING HOLDINGS, INC. AND SUBSIDIARIES
Condensed Consolidating Balance Sheets
As of December 31, 2011
(Unaudited)
Issuer Guarantors
Non-
Guarantors Eliminations Consolidated
(In millions)
ASSETS
Current assets:
Cash and cash equivalents $ 287.1 $ — $ 171.7 $ — $ 458.8
Trade and notes receivable, net 101.1 — 51.7 — 152.8
Prepaids and other current assets, net 54.6 — 13.4 — 68.0
Deferred income taxes, net 42.0 — 1.1 — 43.1
Total current assets 484.8 — 237.9 — 722.7
Property and equipment, net 846.4 — 180.1 — 1,026.5
Intangible assets, net 1,572.4 — 1,250.9 — 2,823.3
Goodwill 657.7 — — — 657.7
Net investment in property leased to franchisees 222.9 — 19.3 — 242.2
Intercompany receivable 287.0 — — (287.0) —
Investment in subsidiaries 1,110.5 1,449.2 — (2,559.7) —
Other assets, net 83.3 — 27.8 — 111.1
Total assets $ 5,265.0 $ 1,449.2 $ 1,716.0 $ (2,846.7) $ 5,583.5
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts and drafts payable $ 61.6 $ — $ 36.8 $ — $ 98.4
Accrued advertising 71.2 — 26.2 — 97.4
Other accrued liabilities 162.6 — 79.6 — 242.2
Current portion of long term debt and capital leases 30.8 — 2.7 — 33.5
Total current liabilities 326.2 — 145.3 — 471.5
Term debt, net of current portion 2,585.9 — — — 2,585.9
Capital leases, net of current portion 70.6 — 24.8 — 95.4
Other liabilities, net 299.3 — 66.9 — 366.2
Payables to affiliates — — 287.0 (287.0) —
Deferred income taxes, net 533.8 — 81.5 — 615.3
Total liabilities 3,815.8 — 605.5 (287.0) 4,134.3
Stockholder’s equity:
Additional paid-in capital 1,556.1 1,557.1 1,138.4 (2,694.5) 1,557.1
Retained earnings (accumulated deficit) 6.4 5.4 63.4 (69.8) 5.4
Accumulated other comprehensive loss (113.3) (113.3) (91.3) 204.6 (113.3)
Total stockholder’s equity 1,449.2 1,449.2 1,110.5 (2,559.7) 1,449.2
Total liabilities and stockholder’s equity $ 5,265.0 $ 1,449.2 $ 1,716.0 $ (2,846.7) $ 5,583.5
128
Source: Burger King Holdings Inc, 10-K, March 14, 2012 Powered by Morningstar® Document Research℠