Chili's 2008 Annual Report Download - page 48

BRINKER INTERNATIONAL, INC.
CONSOLIDATED BALANCE SHEETS
(In thousands, except share and per share amounts)
2008 2007
ASSETS
Current Assets:
Cash and cash equivalents .............................................. $ 54,714 $ 84,823
Accounts receivable .................................................. 52,304 49,851
Inventories ........................................................ 35,534 29,189
Prepaid expenses and other ............................................. 106,472 70,515
Deferred income taxes ................................................ 71,595 16,100
Assets held for sale .................................................. 134,102 404,692
Total current assets ................................................. 454,721 655,170
Property and Equipment:
Land ........................................................... 198,554 202,742
Buildings and leasehold improvements ...................................... 1,573,305 1,401,585
Furniture and equipment ............................................... 669,201 614,472
Construction-in-progress ............................................... 35,106 94,670
2,476,166 2,313,469
Less accumulated depreciation and amortization ................................ (945,150) (830,733)
Net property and equipment ........................................... 1,531,016 1,482,736
Other Assets:
Goodwill ......................................................... 140,371 138,876
Deferred income taxes ................................................ 23,160 4,778
Other ........................................................... 43,854 36,461
Total other assets .................................................. 207,385 180,115
Total assets ...................................................... $2,193,122 $ 2,318,021
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities:
Current installments of long-term debt ...................................... $ 1,973 $ 1,761
Accounts payable .................................................... 168,619 167,789
Accrued liabilities ................................................... 331,943 330,031
Income taxes payable ................................................. 5,946 21,555
Liabilities associated with assets held for sale .................................. 17,688 22,328
Total current liabilities ............................................... 526,169 543,464
Long-term debt, less current installments ...................................... 901,604 826,918
Other liabilities ...................................................... 170,260 142,550
Commitments and Contingencies (Notes 11 and 15)
Shareholders’ Equity:
Common stock—250,000,000 authorized shares; $.10 par value; 176,246,649 shares issued and
101,316,461 shares outstanding at June 25, 2008, and 176,246,666 shares issued and
110,127,072 shares outstanding at June 27, 2007 ............................... 17,625 17,625
Additional paid-in capital ............................................... 464,666 450,665
Accumulated other comprehensive loss ...................................... (168) (37)
Retained earnings ................................................... 1,800,300 1,791,311
2,282,423 2,259,564
Less treasury stock, at cost (74,930,188 shares at June 25, 2008 and 66,119,594 shares at
June 27, 2007) .................................................... (1,687,334) (1,454,475)
Total shareholders’ equity ............................................. 595,089 805,089
Total liabilities and shareholders’ equity .................................... $2,193,122 $ 2,318,021
See accompanying notes to consolidated financial statements.
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