IHOP 2015 Annual Report Download - page 74

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DineEquity, Inc. and Subsidiaries
Consolidated Balance Sheets
(In thousands, except share amounts)
December 31,
2015 2014
Assets
Current assets:
Cash and cash equivalents ..................................................................................................... $ 144,785 $ 104,004
Receivables, net ..................................................................................................................... 139,206 153,498
Restricted cash ....................................................................................................................... 32,528 52,262
Prepaid gift card costs............................................................................................................ 46,792 51,268
Prepaid income taxes ............................................................................................................. 5,186 11,753
Other current assets................................................................................................................ 4,212 9,239
Total current assets............................................................................................................ 372,709 382,024
Long-term receivables, net ......................................................................................................... 160,695 180,856
Property and equipment, net....................................................................................................... 219,580 241,229
Goodwill ..................................................................................................................................... 697,470 697,470
Other intangible assets, net......................................................................................................... 772,949 782,336
Deferred rent receivable ............................................................................................................. 90,030 91,117
Other non-current assets, net ...................................................................................................... 18,417 18,704
Total assets........................................................................................................................ $ 2,331,850 $ 2,393,736
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable................................................................................................................... $ 55,019 $ 41,771
Gift card liability.................................................................................................................... 167,657 179,760
Accrued employee compensation and benefits...................................................................... 25,085 25,722
Dividends payable.................................................................................................................. 17,082 16,635
Current maturities of capital lease and financing obligations................................................ 14,320 14,852
Accrued advertising ............................................................................................................... 8,758 10,150
Accrued interest payable........................................................................................................ 4,257 14,126
Other accrued expenses.......................................................................................................... 6,251 10,033
Total current liabilities...................................................................................................... 298,429 313,049
Long-term debt, net .................................................................................................................... 1,279,473 1,276,488
Capital lease obligations, less current maturities........................................................................ 84,781 98,119
Financing obligations, less current maturities ............................................................................ 42,395 42,524
Deferred income taxes, net ......................................................................................................... 269,469 288,251
Deferred rent payable ................................................................................................................. 69,397 75,375
Other non-current liabilities........................................................................................................ 20,683 20,857
Total liabilities................................................................................................................... 2,064,627 2,114,663
Commitments and contingencies
Stockholders' equity:
Common stock, $0.01 par value; shares: 40,000,000 authorized; 2015 - 25,186,048 issued,
18,535,027 outstanding; 2014 - 25,240,055 issued, 18,953,567 outstanding......................... 252 252
Additional paid-in-capital ....................................................................................................... 286,952 279,946
Retained earnings.................................................................................................................... 351,923 313,644
Accumulated other comprehensive loss.................................................................................. (107) (73)
Treasury stock, at cost; shares: 2015 - 6,651,021; 2014 - 6,286,488...................................... (371,797) (314,696)
Total stockholders' equity................................................................................................. 267,223 279,073
Total liabilities and stockholders' equity.......................................................................... $ 2,331,850 $ 2,393,736
See the accompanying notes to the consolidated financial statements.