Chili's 2002 Annual Report Download - page 43

BRINKER INTERNATIONAL, INC.
CONSOLIDATED BALANCE SHEETS
(In thousands, except share and per share amounts)
2002 2001
ASSETS
Current Assets:
Cash and cash equivalents .............................................. $ 10,091 $ 13,312
Accounts receivable .................................................. 22,613 31,438
Inventories ........................................................ 25,190 27,351
Prepaid expenses and other ............................................. 66,727 57,809
Income taxes receivable ................................................ 15,673 3,019
Deferred income taxes ................................................. 1,660 7,295
Total current assets ................................................. 141,954 140,224
Property and Equipment, at Cost:
Land ............................................................ 254,000 201,013
Buildings and leasehold improvements ...................................... 1,091,434 898,133
Furniture and equipment............................................... 635,403 478,847
Construction-in-progress ............................................... 57,015 70,051
2,037,852 1,648,044
Less accumulated depreciation and amortization ............................... (682,435) (563,320)
Net property and equipment ........................................... 1,355,417 1,084,724
Other Assets:
Goodwill .......................................................... 193,899 138,127
Other............................................................ 92,066 82,245
Total other assets ................................................... 285,965 220,372
Total assets ....................................................... $1,783,336 $1,445,320
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities:
Current installments of long-term debt ...................................... $ 17,292 $ 17,635
Accounts payable .................................................... 118,418 98,175
Accrued liabilities .................................................... 166,510 134,420
Total current liabilities ............................................... 302,220 250,230
Long-term debt, less current installments ..................................... 426,679 236,060
Deferred income taxes .................................................. 17,295 6,782
Other liabilities ....................................................... 60,046 51,961
Commitments and Contingencies (Notes 8 and 14)
Shareholders’ Equity:
Common stock—250,000,000 authorized shares; $.10 par value; 117,500,054 shares issued and
97,440,391 shares outstanding at June 26, 2002, and 117,501,080 shares issued and
99,509,455 shares outstanding at June 27, 2001 .............................. 11,750 11,750
Additional paid-in capital ............................................... 330,191 314,867
Retained earnings .................................................... 954,701 801,988
1,296,642 1,128,605
Less:
Treasury stock, at cost (20,059,663 shares at June 26, 2002 and 17,991,625 shares at June 27,
2001) ............................................................ (317,674) (225,334)
Accumulated other comprehensive loss ....................................... — (895)
Unearned compensation ................................................. (1,872) (2,089)
Total shareholders’ equity .............................................. 977,096 900,287
Total liabilities and shareholders’ equity ..................................... $1,783,336 $1,445,320
See accompanying notes to consolidated financial statements.
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