Jack In The Box 2005 Annual Report Download - page 69

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JACK IN THE BOX INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Dollars in thousands, except per share data)
(continued)
14. SEGMENT REPORTING
Prior to the acquisition of Qdoba Restaurant Corporation, we operated our business in a single segment. Subsequent to the
acquisition, we have two operating segments, JACK IN THE BOX and Qdoba, based on the Company’ s management structure
and method of internal reporting. Based upon certain quantitative thresholds, only JACK IN THE BOX is considered a
reportable segment. Summarized financial information concerning our reportable segment is shown in the following table:
2005 2004 2003
Revenues ..................................................................................................
$ 2,448,839
$ 2,284,305
$ 2,038,292
Earnings from operations.......................................................................... 150,878 143,116 133,807
Cash flows used for additions to property and equipment ........................ 114,926 112,518 108,438
Total assets................................................................................................ 1,319,171 1,313,326 1,133,716
Interest expense and income taxes are not reported on an operating segment basis in accordance with our method of
internal reporting.
A reconciliation of reportable segment revenues to consolidated revenue follows:
2005 2004 2003
Revenues...................................................................................................
$ 2,448,839
$ 2,284,305
$ 2,038,292
Qdoba revenues and other ........................................................................ 58,399 38,059 19,998
Consolidated revenues .............................................................................. $ 2,507,238 $ 2,322,364 $ 2,058,290
A reconciliation of reportable segment earnings from operations to consolidated earnings from operations follows:
2005 2004 2003
Earnings from operations.......................................................................... $ 150,878 $ 143,116 $ 133,807
Qdoba earnings from operations .............................................................. 4,418 1,706 633
Consolidated earnings from operations..................................................... $ 155,296 $ 144,822 $ 134,440
A reconciliation of reportable segment total assets to consolidated total assets follows:
2005 2004 2003
Total assets................................................................................................
$ 1,319,171
$ 1,313,326
$ 1,133,716
Qdoba total assets ..................................................................................... 67,989 60,494 55,613
Investment in Qdoba and other ................................................................. (49,174) (49,154) (46,848)
Consolidated total assets ........................................................................... $ 1,337,986 $ 1,324,666 $ 1,142,481
F-25