Chipotle 2006 Annual Report Download - page 27

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As of December 31,
2006 2005 2004 2003 2002
Balance Sheet Data:
Total current assets ............................ $178,837 $ 17,824 $ 10,332 $ 7,833 $ 20,221
Total assets .................................. $604,208 $392,495 $329,653 $249,014 $194,172
Total current liabilities ......................... $ 61,201 $ 41,982 $ 38,663 $ 38,266 $ 20,806
Total liabilities ............................... $130,251 $ 83,141 $ 67,087 $ 57,506 $ 32,918
Total shareholders’ equity ...................... $473,957 $309,354 $262,566 $191,508 $161,254
(1) During the year ended December 31, 2005, we determined that it was more likely than not that we would
realize our deferred tax assets and we reversed our valuation allowance of $20.3 million, resulting in a
non-recurring tax benefit.
(2) Earnings (loss) per share and shares used in computing earnings (loss) per share reflect the effect of the
reclassification of all outstanding shares of preferred stock and common stock into one-third share of class B
common stock as discussed more thoroughly in Note 1 to the consolidated financial statements included in
Item 8. “Financial Statements and Supplementary Data.”
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