Chipotle 2006 Annual Report Download - page 44

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Chipotle Mexican Grill, Inc.
Consolidated Statement of Shareholders’ Equity and Comprehensive Income
(in thousands)
Class A Common Stock Class B Common Stock (Note 1) Additional Paid
in Capital
Tax Receivable
McDonald’s
Corp
Retained
Earnings
(Accumulated
Deficit)
Accumulated
Other
Comprehensive
Income TotalShares Amount Shares Amount
Balance, December 31, 2003...... — $— 23,373 $234 $310,659 $(37,112) $(82,273) $— $191,508
Issuance of common stock ....... 2,908 29 64,894 64,923
Tax sharing arrangement ......... 8,873 (8,873) —
Comprehensive income:
Net income ............... 6,126 6,126
Foreign currency translation
adjustment .............. 99
Total comprehensive
income ................. 6,135
Balance, December 31, 2004...... — — 26,281 263 384,426 (45,985) (76,147) 9 262,566
Tax sharing arrangement ......... (10,417) 17,790 7,373
Stock-based compensation ....... 1,719 1,719
Net income ............... 37,696 37,696
Balance, December 31, 2005...... — — 26,281 263 375,728 (28,195) (38,451) 9 309,354
Issuance of common stock ....... 6,061 61 133,272 133,333
Costs to issue common stock ..... (12,436) (12,436)
Grant of common stock .......... 1 — 100 100
Conversion of common stock ..... 8,010 80 (8,010) (80) —
Stock-based compensation ....... 51 — 5,870 5,870
Stock option exercises ........... 150 1 2,751 2,752
Excess tax benefit on option
exercises, net of utilization of
$423 ....................... 934 934
Tax sharing arrangement ......... (35,566) 19,412 (16,154)
Separation from McDonald’s ..... 8,783 8,783
Comprehensive income:
Net income ............... 41,423 41,423
Foreign currency translation
adjustment .............. (2) (2)
Total comprehensive
income ................. 41,421
Balance, December 31, 2006...... 14,222 $142 18,322 $183 $470,653 $ — $ 2,972 $ 7 $473,957
See accompanying notes to consolidated financial statements.
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