IHOP 2014 Annual Report Download - page 81

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DineEquity, Inc. and Subsidiaries
Consolidated Balance Sheets
(In thousands, except share amounts)
December 31,
2014 2013
Assets
Current assets:
Cash and cash equivalents ..................................................................................................... $ 104,004 $ 106,011
Receivables, net ..................................................................................................................... 153,498 144,137
Restricted cash ....................................................................................................................... 52,262 664
Prepaid gift cards ................................................................................................................... 51,268 49,223
Prepaid income taxes ............................................................................................................. 11,753 4,708
Deferred income taxes ........................................................................................................... 30,860 23,853
Other current assets................................................................................................................ 9,239 2,986
Total current assets............................................................................................................ 412,884 331,582
Long-term receivables ................................................................................................................ 180,856 197,153
Property and equipment, net ....................................................................................................... 241,229 274,295
Goodwill ..................................................................................................................................... 697,470 697,470
Other intangible assets, net ......................................................................................................... 782,336 794,057
Deferred rent receivable ............................................................................................................. 91,117 91,423
Other non-current assets, net ...................................................................................................... 42,216 18,662
Total assets........................................................................................................................ $ 2,448,108 $ 2,404,642
Liabilities and Stockholders' Equity
Current liabilities:
Current maturities of long-term debt ..................................................................................... $ — $ 4,720
Accounts payable................................................................................................................... 41,771 40,050
Gift card liability.................................................................................................................... 179,760 171,955
Accrued employee compensation and benefits...................................................................... 25,722 24,956
Dividends payable.................................................................................................................. 16,635 —
Accrued interest payable........................................................................................................ 14,126 13,575
Current maturities of capital lease and financing obligations................................................ 14,852 12,247
Other accrued expenses.......................................................................................................... 20,183 16,770
Total current liabilities ...................................................................................................... 313,049 284,273
Long-term debt, less current maturities ...................................................................................... 1,300,000 1,203,517
Capital lease obligations, less current maturities........................................................................ 98,119 111,707
Financing obligations, less current maturities ............................................................................ 42,524 48,843
Deferred income taxes ................................................................................................................ 319,111 341,578
Deferred rent payable ................................................................................................................. 75,375 76,798
Other non-current liabilities........................................................................................................ 20,857 22,747
Total liabilities................................................................................................................... 2,169,035 2,089,463
Commitments and contingencies
Stockholders' equity:
Common stock, $0.01 par value; shares: 40,000,000 authorized; 2014 - 25,240,055 issued,
18,953,567 outstanding; 2013 - 25,299,315 issued, 19,040,890 outstanding........................ 252 253
Additional paid-in-capital ....................................................................................................... 279,946 274,202
Retained earnings.................................................................................................................... 313,644 336,578
Accumulated other comprehensive loss.................................................................................. (73) (164)
Treasury stock, at cost; shares: 2014 - 6,286,488; 2013 - 6,258,425...................................... (314,696) (295,690)
Total stockholders' equity................................................................................................. 279,073 315,179
Total liabilities and stockholders' equity .......................................................................... $ 2,448,108 $ 2,404,642
See the accompanying notes to the consolidated financial statements.