Burger King 2011 Annual Report Download - page 130

Download and view the complete annual report

Please find page 130 of the 2011 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 152

  • 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
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152

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, 2010
(Unaudited)
Issuer Guarantors
Non-
Guarantors Eliminations Consolidated
(In millions)
ASSETS
Current assets:
Cash and cash equivalents $ 132.8 $ 0.7 $ 73.5 $ — $ 207.0
Trade and notes receivable, net 99.7 — 53.8 — 153.5
Prepaids and other current assets, net 148.3 — 24.2 — 172.5
Deferred income taxes, net 22.3 — 0.9 — 23.2
Total current assets 403.1 0.7 152.4 — 556.2
Property and equipment, net 892.0 — 218.7 — 1,110.7
Intangible assets, net 1,596.6 — 1,297.3 — 2,893.9
Goodwill 666.5 — — — 666.5
Net investment in property leased to franchisees 235.0 — 20.5 — 255.5
Intercompany receivable 468.6 — — (468.6) —
Investment in subsidiaries 926.8 1,444.0 — (2,370.8) —
Other assets, net 175.0 — 25.3 — 200.3
Total assets $ 5,363.6 $ 1,444.7 $ 1,714.2 $ (2,839.4) $ 5,683.1
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts and drafts payable $ 58.8 $ — $ 31.7 $ — $ 90.5
Accrued advertising 62.7 — 19.8 — 82.5
Other accrued liabilities 166.3 0.4 80.8 — 247.5
Current portion of long term debt and capital leases 33.8 — 2.4 — 36.2
Total current liabilities 321.6 0.4 134.7 — 456.7
Term debt, net of current portion 2,652.0 — — — 2,652.0
Capital leases, net of current portion 75.8 — 28.1 — 103.9
Other liabilities, net 327.2 74.7 — 401.9
Payables to affiliates — 0.2 468.4 (468.6) —
Deferred income taxes, net 543.0 — 81.5 — 624.5
Total liabilities 3,919.6 0.6 787.4 (468.6) 4,239.0
Stockholder’s equity:
Additional paid-in capital 1,562.5 1,563.5 997.2 (2,559.7) 1,563.5
(Accumulated deficit) retained earnings (100.7) (101.6) (25.1) 125.8 (101.6)
Accumulated other comprehensive loss (17.8) (17.8) (45.3) 63.1 (17.8)
Total stockholder’s equity 1,444.0 1,444.1 926.8 (2,370.8) 1,444.1
Total liabilities and stockholder’s equity $ 5,363.6 $ 1,444.7 $ 1,714.2 $ (2,839.4) $ 5,683.1
129
Source: Burger King Holdings Inc, 10-K, March 14, 2012 Powered by Morningstar® Document Research℠