Burger King 2013 Annual Report Download - page 109
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Table of Contents
Condensed Consolidating Balance Sheets
Current assets:
Cash and cash equivalents $ 5.7 $ — $ 553.2 $ — $ 228.0 $ — $ 786.9
Trade and notes receivable, net — — 127.6 — 52.1 — 179.7
Prepaids and other current assets, net — 0.7 62.1 — 7.0 — 69.8
Deferred income taxes, net 2.4 — 33.7 — 1.9 — 38.0
Total current assets 8.1 0.7 776.6 — 289.0 — 1,074.4
Property and equipment, net — — 733.6 — 67.9 — 801.5
Intangible assets, net — — 1,530.7 — 1,265.3 — 2,796.0
Goodwill — — 359.6 — 270.4 — 630.0
Net investment in property leased to franchisees — — 151.8 — 11.3 — 163.1
Intercompany receivable 11.5 — 61.3 — — (72.8) —
Investment in subsidiaries 1,492.7 1,928.0 1,675.7 1,928.0 — (7,024.4) —
Other assets, net — 5.8 289.4 — 68.3 — 363.5
Total assets $1,512.3 $1,934.5 $5,578.7 $1,928.0 $1,972.2 $ (7,097.2) $5,828.5
Current liabilities:
Accounts and drafts payable $ — $ — $ 21.1 $ — $10.0 $ — $31.1
Accrued advertising — — 33.8 — 22.7 — 56.5
Other accrued liabilities (0.4) (11.8) 144.4 — 44.8 — 177.0
Current portion of long term debt and capital leases — — 78.2 — 3.2 — 81.4
Total current liabilities (0.4) (11.8) 277.5 — 80.7 — 346.0
Term debt, net of current portion — 453.1 2,427.1 — — — 2,880.2
Capital leases, net of current portion — — 57.7 — 17.7 — 75.4
Other liabilities, net 0.5 — 283.9 — 33.5 — 317.9
Payables to affiliates — 0.5 — — 72.3 (72.8) —
Deferred income taxes, net (4.0) — 604.5 — 92.3 — 692.8
Total liabilities (3.9) 441.8 3,650.7 — 296.5 (72.8) 4,312.3
Stockholders’ equity:
Common stock 3.5 — — — — — 3.5
Additional paid-in capital 1,239.9 1,173.8 1,525.2 1,526.2 1,328.9 (5,554.1) 1,239.9
Retained earnings 225.5 264.3 348.2 347.2 373.1 (1,332.8) 225.5
Accumulated other comprehensive income (loss) 54.6 54.6 54.6 54.6 (26.3) (137.5) 54.6
Treasury stock, at cost (7.3) — — — — — (7.3)
Total stockholders’ equity 1,516.2 1,492.7 1,928.0 1,928.0 1,675.7 (7,024.4) 1,516.2
Total liabilities and stockholders’ equity $1,512.3 $1,934.5 $5,578.7 $1,928.0 $1,972.2 $ (7,097.2) $5,828.5
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Source: Burger King Worldwide, Inc., 10-K, February 21, 2014 Powered by Morningstar® Document Research℠
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