Baskin Robbins 2013 Annual Report Download - page 37

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-27-
Fiscal Year
2013 2012 2011 2010 2009
($ in thousands, except per share data or as otherwise noted)
Consolidated Balance Sheet Data:
Total cash, cash equivalents, and restricted cash(4) $ 257,238 252,985 246,984 134,504 171,403
Total assets 3,234,690 3,217,513 3,224,018 3,147,288 3,224,717
Total debt(5) 1,831,037 1,857,580 1,473,469 1,864,881 1,451,757
Total liabilities 2,822,402 2,867,538 2,478,082 2,841,047 2,454,109
Common stock, Class L(6) — — — 840,582 1,232,001
Total stockholders’ equity (deficit)(6) 407,358 349,975 745,936 (534,341) (461,393)
Other Financial Data:
Capital expenditures $ 31,099 22,398 18,596 15,358 18,012
Adjusted operating income(7) 340,396 307,157 270,740 233,067 229,056
Adjusted net income(7) 165,761 149,700 101,744 87,759 59,504
Points of Distribution(8):
Dunkin’ Donuts U.S. 7,677 7,306 7,015 6,772 6,566
Dunkin’ Donuts International(9) 3,181 3,043 2,871 2,931 2,600
Baskin-Robbins U.S. 2,467 2,463 2,493 2,585 2,637
Baskin-Robbins International(9) 4,833 4,556 4,217 3,848 3,570
Total distribution points 18,158 17,368 16,596 16,136 15,373
Comparable Store Sales Growth (Decline)(10):
Dunkin’ Donuts U.S. 3.4 % 4.2% 5.1% 2.3 % (1.3)%
Dunkin’ Donuts International(11) (0.4)% 2.0% n/a n/a n/a
Baskin-Robbins U.S. 0.8 % 3.8% 0.5% (5.2)% (6.0)%
Baskin-Robbins International(11) 1.9 % 2.8% n/a n/a n/a
Franchisee-Reported Sales ($ in millions)(12):
Dunkin’ Donuts U.S. $ 6,717.5 6,242.0 5,919.2 5,403.3 5,173.8
Dunkin’ Donuts International 683.6 663.2 636.7 583.6 508.1
Baskin-Robbins U.S. 513.3 509.3 501.7 500.6 530.4
Baskin-Robbins International 1,362.0 1,356.8 1,286.3 1,151.5 963.2
Total franchisee-reported sales $ 9,276.4 8,771.3 8,343.9 7,639.0 7,175.5
Company-Owned Store Sales ($ in millions)(13):
Dunkin’ Donuts U.S. $ 24.6 22.2 11.6 16.9 1.8
Baskin-Robbins U.S. 0.4 0.7 0.5 0.4 0.4
Systemwide Sales Growth(14):
Dunkin’ Donuts U.S. 7.6 % 5.6% 9.4% 4.7 % 3.4 %
Dunkin’ Donuts International 3.1 % 4.2% 9.1% 15.0 % (4.0)%
Baskin-Robbins U.S. 0.7 % 1.5% 0.2% (5.6)% (6.5)%
Baskin-Robbins International 0.4 % 5.5% 11.7% 19.5 % 21.5 %
Total systemwide sales growth 5.8 % 5.2% 9.1% 6.7 % 4.1 %
(1) Includes management fees paid to our former private equity owners of $16.4 million for fiscal year 2011, and $3.0
million for each of the fiscal years 2010 and 2009 under a management agreement, which was terminated in
connection with our IPO.
(2) 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
judgment against Dunkin’ Brands in the amount of approximately $C16.4 million (approximately $15.9 million), plus
costs and interest.