Pizza Hut 2002 Annual Report Download - page 48

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CONSOLIDATED BALANCE SHEETS
December 28, 2002 and December 29, 2001
(in millions) 2002 2001
ASSETS
Current Assets
Cash and cash equivalents $ 130 $ 110
Short-term investments, at cost 27 35
Accounts and notes receivable, less allowance: $42 in 2002 and $77 in 2001 168 190
Inventories 63 56
Assets classified as held for sale 111 44
Prepaid expenses and other current assets 110 114
Deferred income taxes 121 79
Total Current Assets 730 628
Property, plant and equipment, net 3,037 2,737
Goodwill, net 485 59
Intangible assets, net 364 399
Investments in unconsolidated affiliates 229 213
Other assets 555 389
Total Assets $ 5,400 $ 4,425
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities
Accounts payable and other current liabilities $ 1,166 $ 1,032
Income taxes payable 208 114
Short-term borrowings 146 696
Total Current Liabilities 1,520 1,842
Long-term debt 2,299 1,552
Other liabilities and deferred credits 987 927
Total Liabilities 4,806 4,321
Shareholders’ Equity
Preferred stock, no par value, 250 shares authorized; no shares issued
——
Common stock, no par value, 750 shares authorized; 294 shares and
293 shares issued in 2002 and 2001, respectively 1,046 1,097
Accumulated deficit (203) (786)
Accumulated other comprehensive income (loss) (249) (207)
Total Shareholders’ Equity 594 104
Total Liabilities and Shareholders’ Equity $ 5,400 $ 4,425
See accompanying Notes to Consolidated Financial Statements.
46.