Red Lobster 2013 Annual Report Download - page 40

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Consolidated Balance Sheets
Darden
May 26, May 27,
(in millions) 2013 2012
Assets
Current assets:
Cash and cash equivalents $ 88.2 $ 70.5
Receivables, net 85.4 71.4
Inventories 356.9 404.1
Prepaid income taxes 6.4 12.2
Prepaid expenses and other current assets 83.4 74.9
Deferred income taxes 144.6 124.5
Total current assets $ 764.9 $ 757.6
Land, buildings and equipment, net 4,391.1 3,951.3
Goodwill 908.3 538.6
Trademarks 573.8 464.9
Other assets 298.8 231.8
Total assets $6,936.9 $ 5,944.2
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable $ 296.5 $ 260.7
Short-term debt 164.5 262.7
Accrued payroll 150.5 154.3
Accrued income taxes 16.5–
Other accrued taxes 67.6 60.4
Unearned revenues 270.5 231.7
Current portion of long-term debt – 349.9
Other current liabilities 450.3 454.4
Total current liabilities $1,416.4 $ 1,774.1
Long-term debt, less current portion 2,496.2 1,453.7
Deferred income taxes 356.4 312.9
Deferred rent 230.5 204.4
Obligations under capital leases, net of current installments 52.5 54.4
Other liabilities 325.4 302.7
Total liabilities $4,877.4 $ 4,102.2
Stockholders’ equity:
 Commonstockandsurplus,noparvalue.Authorized500.0shares;issued131.6and289.0shares,
  respectively;outstanding130.3and129.0shares,respectively 1,207.6 2,518.8
 Preferredstock,noparvalue.Authorized25.0shares;noneissuedandoutstanding ––
Retained earnings 998.9 3,172.8
Treasury stock, 1.3 and 160.0 shares, at cost, respectively (8.1) (3,695.8)
Accumulated other comprehensive income (loss) (132.8) (146.6)
Unearned compensation (6.1) (7.2)
Total stockholders’ equity $2,059.5 $ 1,842.0
Total liabilities and stockholders’ equity $6,936.9 $ 5,944.2
See accompanying notes to consolidated financial statements.
36 Darden Restaurants, Inc. 2013 Annual Report