Sonic 2013 Annual Report Download - page 31

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Consolidated Balance Sheets
August 31,
(In thousands, except per share amounts) 2013 2012
Assets
Current assets:
Cash and cash equivalents $ 77,896 $ 52,647
Restricted cash 11,823 10,200
Accounts and notes receivable, net 29,142 27,073
Income taxes receivable 7,728 –
Inventories 3,678 3,289
Prepaid expenses 5,032 4,399
Other current assets 5,423 9,543
Total current assets 140,722 107,151
Noncurrent restricted cash 6,791 7,903
Notes receivable, net 10,013 11,641
Property, equipment and capital leases, net 399,661 443,008
Goodwill 77,093 76,997
Debt origination costs, net 9,230 10,555
Other assets, net 17,284 23,505
Total assets $ 660,794 $ 680,760
Liabilities and stockholders’ equity
Current liabilities:
Accounts payable $ 13,100 $ 11,048
Deposits from franchisees 4,048 3,055
Accrued liabilities 37,221 32,607
Income taxes payable 4,241 14,326
Current maturities of long-term debt and capital leases 14,320 19,480
Total current liabilities 72,930 80,516
Obligations under capital leases due after one year 22,458 27,377
Long-term debt due after one year 437,380 466,613
Deferred income taxes 34,915 29,777
Other noncurrent liabilities 15,647 17,230
Commitments and contingencies (Notes 7,8,15,16)
Stockholders’ equity:
Preferred stock, par value $.01; 1,000 shares authorized; none outstanding ––
Common stock, par value $.01; 245,000 shares authorized; shares issued
118,309 in 2013 and 118,309 in 2012 1,183 1,183
Paid-in capital 224,768 230,543
Retained earnings 758,138 722,614
Treasury stock, at cost; 62,025 shares in 2013 and 60,325 shares in 2012 (906,625) (895,093)
Total stockholders’ equity 77,464 59,247
Total liabilities and stockholders’ equity $ 660,794 $ 680,760
The accompanying notes are an integral part of the consolidated financial statements.
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