IHOP 2012 Annual Report Download - page 82

64
DineEquity, Inc. and Subsidiaries
Consolidated Balance Sheets
(In thousands, except share amounts)
December 31,
2012 2011
Assets
Current assets:
Cash and cash equivalents ..................................................................................................... $ 64,537 $ 60,691
Receivables, net ..................................................................................................................... 128,610 115,667
Prepaid income taxes ............................................................................................................. 16,080 13,922
Prepaid gift cards ................................................................................................................... 50,242 45,412
Deferred income taxes ........................................................................................................... 21,772 20,579
Assets held for sale ................................................................................................................ — 9,363
Other current assets................................................................................................................ 13,214 11,313
Total current assets............................................................................................................ 294,455 276,947
Long-term receivables ................................................................................................................ 212,269 226,526
Property and equipment, net....................................................................................................... 294,375 474,154
Goodwill ..................................................................................................................................... 697,470 697,470
Other intangible assets, net......................................................................................................... 806,093 822,361
Other assets, net.......................................................................................................................... 110,738 116,836
Total assets........................................................................................................................ $ 2,415,400 $ 2,614,294
Liabilities and Stockholders' Equity
Current liabilities:
Current maturities of long-term debt ..................................................................................... $ 7,420 $ 7,420
Accounts payable................................................................................................................... 30,751 29,013
Accrued employee compensation and benefits...................................................................... 22,435 26,191
Gift card liability.................................................................................................................... 161,689 146,955
Accrued interest payable........................................................................................................ 13,236 12,537
Current maturities of capital lease and financing obligations................................................ 10,878 13,480
Other accrued expenses.......................................................................................................... 21,351 22,048
Total current liabilities...................................................................................................... 267,760 257,644
Long-term debt, less current maturities...................................................................................... 1,202,063 1,411,448
Financing obligations, less current maturities ............................................................................ 52,049 162,658
Capital lease obligations, less current maturities........................................................................ 124,375 134,407
Deferred income taxes................................................................................................................ 362,171 383,810
Other liabilities ........................................................................................................................... 98,177 109,107
Total liabilities................................................................................................................... 2,106,595 2,459,074
Commitments and contingencies
Stockholders' equity:
Convertible preferred stock, Series B, at accreted value; shares: 10,000,000 authorized;
2012 - none issued or outstanding; 2011 - 35,000 issued, 34,900 outstanding....................... — 44,508
Common stock, $0.01 par value; shares: 40,000,000 authorized; 2012 - 25,362,946 issued,
19,197,899 outstanding; 2011 - 24,658,985 issued, 18,060,206 outstanding........................ 254 247
Additional paid-in-capital ....................................................................................................... 264,342 205,663
Retained earnings.................................................................................................................... 322,045 196,869
Accumulated other comprehensive loss.................................................................................. (152) (294)
Treasury stock, at cost; shares: 2012 - 6,165,047; 2011 - 6,598,779...................................... (277,684) (291,773)
Total stockholders' equity................................................................................................. 308,805 155,220
Total liabilities and stockholders' equity.......................................................................... $ 2,415,400 $ 2,614,294
See the accompanying notes to the consolidated financial statements.