Burger King 2011 Annual Report Download - page 72

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Table of Contents
BURGER KING HOLDINGS, INC. AND SUBSIDIARIES
Consolidated Balance Sheets
Successor Predecessor
As of December 31, As of June 30,
2010
2011 2010
(In millions, except share data)
ASSETS
Current assets:
Cash and cash equivalents $ 458.8 $ 207.0 $ 187.6
Trade and notes receivable, net 152.8 153.5 142.9
Prepaids and other current assets, net 68.0 172.5 88.4
Deferred income taxes, net 43.1 23.2 15.1
Total current assets 722.7 556.2 434.0
Property and equipment, net 1,026.5 1,110.7 1,014.1
Intangible assets, net 2,823.3 2,893.9 1,025.4
Goodwill 657.7 666.5 31.0
Net investment in property leased to franchisees 242.2 255.5 138.5
Other assets, net 111.1 200.3 104.2
Total assets $ 5,583.5 $ 5,683.1 $ 2,747.2
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts and drafts payable $ 98.4 $ 90.5 $ 106.9
Accrued advertising 97.4 82.5 71.9
Other accrued liabilities 242.2 247.5 200.9
Current portion of long term debt and capital leases 33.5 36.2 93.3
Total current liabilities 471.5 456.7 473.0
Term debt, net of current portion 2,585.9 2,652.0 667.7
Capital leases, net of current portion 95.4 103.9 65.3
Other liabilities, net 366.2 401.9 344.6
Deferred income taxes, net 615.3 624.5 68.2
Total liabilities 4,134.3 4,239.0 1,618.8
Commitments and Contingencies (Note 18)
Stockholders’ equity:
Common stock, $0.01 par value; 200,000 shares authorized at December 31, 2011 and 2010 and
300,000,000 shares authorized at June 30, 2010; 100,000 shares issued and outstanding at
December 31, 2011 and 2010 and 135,814,644 shares issued and outstanding at June 30, 2010 — — 1.4
Additional paid-in capital 1,557.1 1,563.5 647.2
Retained earnings (accumulated deficit) 5.4 (101.6) 608.0
Accumulated other comprehensive loss (113.3) (17.8) (66.9)
Treasury stock, at cost; 0 shares at December 31, 2011 and 2010 and 2,972,738 shares at June 30,
2010 — — (61.3)
Total stockholders’ equity 1,449.2 1,444.1 1,128.4
Total liabilities and stockholders’ equity $ 5,583.5 $ 5,683.1 $ 2,747.2
See accompanying notes to consolidated financial statements.
71
Source: Burger King Holdings Inc, 10-K, March 14, 2012 Powered by Morningstar® Document Research℠