Papa Johns 2000 Annual Report Download - page 45

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40
Papa John’s International, Inc. and Subsidiaries
Consolidated Balance Sheets
December 31, December 26,
(Dollars in thousands, except per share amounts) 2000 1999
Assets
Current assets:
Cash and cash equivalents 6,141$ 3,698$
Short-term investments 5,745 -
Accounts receivable 20,259 18,113
Accounts receivable-affiliates 2,805 3,302
Inventories 18,321 10,637
Prepaid expenses and other current assets 7,422 7,378
Deferred income taxes 4,822 2,977
Total current assets 65,515 46,105
Investments - 22,086
Net property and equipment 245,874 227,813
Notes receivable-franchisees 9,862 8,153
Notes receivable-affiliates 6,813 3,590
Intangibles 49,394 47,669
Other assets 16,527 16,635
Deferred income taxes 1,673 -
Total assets 395,658$ 372,051$
Liabilities and stockholders’ equity
Current liabilities:
Accounts payable 23,586$ 24,947$
Accrued expenses 45,266 38,516
Current portion of debt 897 5,308
Total current liabilities 69,749 68,771
Unearned franchise and development fees 6,033 6,222
Long-term debt, net of current portion 145,710 925
Deferred income taxes - 2,109
Other long-term liabilities 2,659 1,891
Common equity put options 5,186 -
Stockholders’ equity:
Preferred stock ($.01 par value per share; authorized 5,000,000 shares,
no shares issued) - -
Common stock ($.01 par value per share; authorized 50,000,000 shares,
issued 30,652,701 in 2000 and 30,504,185 in 1999) 307 305
Additional paid-in capital 193,029 189,920
Accumulated other comprehensive loss (277) (390)
Retained earnings 166,316 134,492
Treasury stock (7,655,479 shares in 2000 and 1,298,495 shares in 1999, at cost) (193,054) (32,194)
Total stockholders’ equity 166,321 292,133
Total liabilities and stockholders’ equity 395,658$ 372,051$
See accompanying notes.