Sonic 2014 Annual Report Download - page 27

Condensed Consolidated Balance Sheets
August 31,
(In thousands, except per share amounts) 2014 2013
Assets
Current assets:
Cash and cash equivalents $ 35,694 $ 77,896
Restricted cash 13,208 11,823
Accounts and notes receivable, net 32,833 29,142
Income taxes receivable 1,887 7,728
Inventories 3,349 3,678
Prepaid expenses 5,917 5,032
Other current assets 2,824 5,423
Total current assets 95,712 140,722
Noncurrent restricted cash 6,652 6,791
Notes receivable, net 8,155 10,013
Property, equipment and capital leases, net 441,969 399,661
Goodwill 77,093 77,093
Other assets, net 21,391 26,514
Total assets $ 650,972 $ 660,794
Liabilities and stockholders’ equity
Current liabilities:
Accounts payable $ 17,207 $ 13,100
Franchisee deposits 2,678 4,048
Accrued liabilities 43,681 37,221
Income taxes payable 2,461 4,241
Current maturities of long-term debt and capital leases 13,484 14,320
Total current liabilities 79,511 72,930
Obligations under capital leases due after one year 23,050 22,458
Long-term debt due after one year 427,527 437,380
Deferred income taxes 37,611 34,915
Other non-current liabilities 20,598 15,647
Commitments and contingencies (Notes 7,8,14,15)
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 2014 and 118,309 in 2013 1,183 1,183
Paid-in capital 225,004 224,768
Retained earnings 801,202 758,138
Treasury stock, at cost; 64,505 shares in 2014 and 62,025 in 2013 (964,714) (906,625)
Total stockholders’ equity 62,675 77,464
Total liabilities and stockholders’ equity $ 650,972 $ 660,794
The accompanying notes are an integral part of the consolidated financial statements.
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