Chili's 2015 Annual Report Download - page 52

BRINKER INTERNATIONAL, INC.
CONSOLIDATED BALANCE SHEETS
(In thousands, except share and per share amounts)
2015 2014
ASSETS
Current Assets:
Cash and cash equivalents .................................................... $ 55,121 $ 57,685
Accounts receivable, net ..................................................... 46,588 47,850
Inventories ................................................................ 23,035 23,643
Prepaid expenses and other ................................................... 62,480 65,506
Deferred income taxes ....................................................... 2,493 16,170
Total current assets ...................................................... 189,717 210,854
Property and Equipment:
Land ..................................................................... 147,763 149,184
Buildings and leasehold improvements .......................................... 1,546,957 1,483,894
Furniture and equipment ..................................................... 618,084 593,344
Construction-in-progress ..................................................... 15,001 32,844
2,327,805 2,259,266
Less accumulated depreciation and amortization .................................. (1,295,761) (1,202,812)
Net property and equipment ............................................... 1,032,044 1,056,454
Other Assets:
Goodwill .................................................................. 132,381 133,434
Deferred income taxes ....................................................... 30,644 30,090
Intangibles, net ............................................................. 16,642 18,841
Other ..................................................................... 34,445 40,931
Total other assets ....................................................... 214,112 223,296
Total assets ............................................................ $1,435,873 $ 1,490,604
LIABILITIES AND SHAREHOLDERS’ (DEFICIT) EQUITY
Current Liabilities:
Current installments of long-term debt .......................................... $ 3,439 $ 27,884
Accounts payable ........................................................... 92,947 102,931
Gift card liability ........................................................... 114,726 104,378
Accrued payroll ............................................................ 82,915 77,585
Other accrued liabilities ...................................................... 111,197 146,054
Income taxes payable ........................................................ 13,251 7,278
Total current liabilities ................................................... 418,475 466,110
Long-term debt, less current installments ............................................ 970,825 832,302
Other liabilities ................................................................. 125,033 129,098
Commitments and Contingencies (Notes 9 and 14)
Shareholders’ (Deficit) Equity:
Common stock—250,000,000 authorized shares; $0.10 par value; 176,246,649 shares
issued and 60,585,608 shares outstanding at June 24, 2015 and 176,246,649 shares
issued and 64,558,909 shares outstanding at June 25, 2014 ........................ 17,625 17,625
Additional paid-in capital ..................................................... 490,111 484,320
Accumulated other comprehensive loss .......................................... (8,630) (940)
Retained earnings ........................................................... 2,431,683 2,306,532
2,930,789 2,807,537
Less treasury stock, at cost (115,661,041 shares at June 24, 2015 and 111,687,740 shares at
June 25, 2014) ........................................................... (3,009,249) (2,744,443)
Total shareholders’ (deficit) equity ......................................... (78,460) 63,094
Total liabilities and shareholders’ (deficit) equity .............................. $1,435,873 $ 1,490,604
See accompanying notes to consolidated financial statements.
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