Burger King 2011 Annual Report Download - page 131

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Table of Contents
BURGER KING HOLDINGS, INC. AND SUBSIDIARIES
Notes to Consolidated Financial Statements — (Continued)
Predecessor
BURGER KING HOLDINGS, INC. AND SUBSIDIARIES
Condensed Consolidating Balance Sheets
As of June 30, 2010
(Unaudited)
Issuer Guarantors
Non-
Guarantors Eliminations Consolidated
(In millions)
ASSETS
Current assets:
Cash and cash equivalents $ 70.2 $ — $ 117.4 $ — $ 187.6
Trade and notes receivable, net 101.0 — 41.9 — 142.9
Prepaids and other current assets 63.8 — 24.6 — 88.4
Deferred income taxes, net 14.0 — 1.1 — 15.1
Total current assets 249.0 — 185.0 — 434.0
Property and equipment, net 796.0 — 218.1 — 1,014.1
Intangible assets, net 748.6 — 276.8 — 1,025.4
Goodwill 25.6 — 5.4 — 31.0
Net investment in property leased to franchisees 127.3 — 11.2 — 138.5
Intercompany receivable 477.2 — — (477.2) —
Investment in subsidiaries 135.7 1,205.0 — (1,340.7) —
Other assets, net 52.2 — 52.0 — 104.2
Total assets $ 2,611.6 $ 1,205.0 $ 748.5 $ (1,817.9) $ 2,747.2
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts and drafts payable $ 72.9 $ — $ 34.0 $ — $ 106.9
Accrued advertising 42.5 — 29.4 — 71.9
Other accrued liabilities 137.4 0.5 63.0 — 200.9
Current portion of long term debt and capital leases 91.6 — 1.7 — 93.3
Total current liabilities 344.4 0.5 128.1 — 473.0
Term debt, net of current portion 667.4 — 0.3 — 667.7
Capital leases, net of current portion 47.1 — 18.2 — 65.3
Other liabilities, net 281.3 0.3 63.0 — 344.6
Payables to affiliates — 75.8 401.4 (477.2) —
Deferred income taxes, net 66.4 — 1.8 — 68.2
Total liabilities 1,406.6 76.6 612.8 (477.2) 1,618.8
Stockholders’ equity:
Common stock — 1.4 — — 1.4
Additional paid-in capital 571.3 647.2 53.8 (625.1) 647.2
Retained earnings 700.6 608.0 99.7 (800.3) 608.0
Accumulated other comprehensive loss (66.9) (66.9) (17.8) 84.7 (66.9)
Treasury stock — (61.3) — — (61.3)
Total stockholders’ equity 1,205.0 1,128.4 135.7 (1,340.7) 1,128.4
Total liabilities and stockholders’ equity $ 2,611.6 $ 1,205.0 $ 748.5 $ (1,817.9) $ 2,747.2
130
Source: Burger King Holdings Inc, 10-K, March 14, 2012 Powered by Morningstar® Document Research℠