Chipotle 2013 Annual Report Download - page 43
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CHIPOTLE MEXICAN GRILL, INC.
CONSOLIDATED BALANCE SHEET
(in thousands, except per share data)
December 31
2013 2012
Assets
Current assets:
Cash and cash equivalents ...................................... $ 323,203 $ 322,553
Accounts receivable, net of allowance for doubtful accounts of $1,190
and $1,187 as of December 31, 2013 and 2012, respectively ......... 24,016 16,800
Inventory ................................................... 13,044 11,096
Current deferred tax asset ...................................... 13,212 8,862
Prepaid expenses and other current assets .......................... 34,204 27,378
Income tax receivable ......................................... 3,657 9,612
Investments ................................................. 254,971 150,306
Total current assets ................................................ 666,307 546,607
Leasehold improvements, property and equipment, net ................... 963,238 866,703
Long term investments ............................................. 313,863 190,868
Other assets ..................................................... 43,933 42,550
Goodwill ........................................................ 21,939 21,939
Total assets ...................................................... $ 2,009,280 $ 1,668,667
Liabilities and shareholders’ equity
Current liabilities:
Accounts payable ............................................. $ 59,022 $ 58,700
Accrued payroll and benefits .................................... 67,195 71,731
Accrued liabilities ............................................ 73,011 56,421
Total current liabilities ............................................. 199,228 186,852
Deferred rent .................................................... 192,739 167,057
Deferred income tax liability ........................................ 55,434 48,947
Other liabilities ................................................... 23,591 19,885
Total liabilities ................................................... 470,992 422,741
Shareholders’ equity:
Preferred stock, $0.01 par value, 600,000 shares authorized, no shares
issued as of December 31, 2013 and 2012, respectively ............. — —
Common stock $0.01 par value, 230,000 shares authorized, and 35,245
and 34,912 shares issued as of December 31, 2013 and 2012,
respectively ............................................... 352 349
Additional paid-in capital ....................................... 919,840 816,612
Treasury stock, at cost, 4,212 and 3,819 common shares at December 31,
2013 and 2012, respectively ................................... (660,421) (521,518)
Accumulated other comprehensive income ......................... 1,620 1,024
Retained earnings ............................................. 1,276,897 949,459
Total shareholders’ equity .......................................... 1,538,288 1,245,926
Total liabilities and shareholders’ equity ............................... $ 2,009,280 $ 1,668,667
See accompanying notes to consolidated financial statements.
41
Annual Report