Baskin Robbins 2012 Annual Report Download - page 36

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-26-
Fiscal Year
2012 2011 2010 2009 2008
($ in thousands, except per share data or as otherwise noted)
Consolidated Balance Sheet Data:
Total cash, cash equivalents, and restricted
cash(5) $ 252,985 246,984 134,504 171,403 251,368
Total assets 3,217,513 3,224,018 3,147,288 3,224,717 3,341,649
Total debt(6) 1,857,580 1,473,469 1,864,881 1,451,757 1,668,410
Total liabilities 2,867,538 2,478,082 2,841,047 2,454,109 2,614,327
Common stock, Class L(7) — — 840,582 1,232,001 1,127,863
Total stockholders’ equity (deficit)(7) 349,975 745,936 (534,341) (461,393) (400,541)
Other Financial Data:
Capital expenditures $ 22,398 18,596 15,358 18,012 27,518
Adjusted operating income(8) 307,157 270,740 233,067 229,056 228,817
Adjusted net income(8) 149,700 101,744 87,759 59,504 69,719
Points of Distribution(9):
Dunkin’ Donuts U.S. 7,306 7,015 6,772 6,566 6,395
Dunkin’ Donuts International 3,173 3,068 2,988 2,620 2,440
Baskin-Robbins U.S. 2,463 2,493 2,585 2,637 2,750
Baskin-Robbins International 4,517 4,218 3,848 3,570 3,263
Total distribution points 17,459 16,794 16,193 15,393 14,848
Comparable Store Sales Growth(10):
Dunkin’ Donuts U.S. 4.2% 5.1% 2.3 % (1.3)% (0.8)%
Dunkin’ Donuts International(11) 2.0% n/a n/a n/a n/a
Baskin-Robbins U.S. 3.8% 0.5% (5.2)% (6.0)% (2.2)%
Baskin-Robbins International(11) 2.8% n/a n/a n/a n/a
Franchisee-Reported Sales ($ in millions)(12):
Dunkin’ Donuts U.S. $ 6,242.0 5,919.2 5,403.3 5,173.8 5,003.8
Dunkin’ Donuts International 663.2 636.7 583.6 508.1 528.4
Baskin-Robbins U.S. 509.3 501.7 500.6 530.4 567.3
Baskin-Robbins International 1,356.8 1,286.3 1,151.5 963.2 793.0
Total Franchisee-Reported Sales $ 8,771.3 8,343.9 7,639.0 7,175.5 6,892.5
Company-Owned Store Sales
($ in millions)(13):
Dunkin’ Donuts U.S. $ 22.2 11.6 16.9 1.8 0.1
Baskin-Robbins U.S. 0.7 0.5 0.4 0.4 0.3
Systemwide Sales Growth(14):
Dunkin’ Donuts U.S. 5.6% 9.4% 4.7 % 3.4 % 4.4 %
Dunkin’ Donuts International 4.2% 9.1% 15.0 % (4.0)% 11.1 %
Baskin-Robbins U.S. 1.5% 0.2% (5.6)% (6.5)% (2.2)%
Baskin-Robbins International 5.5% 11.7% 19.5 % 21.5 % 11.0 %
Total Systemwide Sales Growth 5.2% 9.1% 6.7 % 4.1 % 5.0 %
(1) Fiscal year 2008 includes $294.5 million of goodwill impairment charges related to Dunkin’ Donuts U.S. and Baskin-
Robbins International, as well as a $34.0 million trade name impairment related to Baskin-Robbins U.S.
(2) Includes fees paid to the Sponsors of $16.4 million for fiscal year 2011, and $3.0 million for each of the fiscal years
2010, 2009, and 2008 under a management agreement, which was terminated in connection with our IPO.
(3) Fiscal year 2012 includes a $20.7 million incremental legal reserve recorded in the second quarter related to the
Quebec Superior Court’s ruling in the Bertico litigation, in which the Court found for the Plaintiffs and issued a