Baskin Robbins 2013 Annual Report Download - page 63

Download and view the complete annual report

Please find page 63 of the 2013 Baskin Robbins annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 116

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116

See accompanying notes to consolidated financial statements.
-53-
DUNKIN’ BRANDS GROUP, INC. AND SUBSIDIARIES
Consolidated Balance Sheets
(In thousands, except share data)
December 28,
2013
December 29,
2012
Assets
Current assets:
Cash and cash equivalents $ 256,933 252,618
Accounts receivable, net 47,162 32,407
Notes and other receivables, net 32,603 20,649
Assets held for sale 1,663 2,400
Deferred income taxes, net 46,461 47,263
Restricted assets of advertising funds 31,493 31,849
Prepaid income taxes 25,699 10,825
Prepaid expenses and other current assets 19,746 21,769
Total current assets 461,760 419,780
Property and equipment, net 182,858 181,172
Equity method investments 170,644 174,823
Goodwill 891,598 891,900
Other intangible assets, net 1,452,205 1,479,784
Restricted cash 305 367
Other assets 75,320 69,687
Total assets $ 3,234,690 3,217,513
Liabilities, Redeemable Noncontrolling Interests, and Stockholders’ Equity
Current liabilities:
Current portion of long-term debt $ 5,000 26,680
Capital lease obligations 432 371
Accounts payable 12,445 16,256
Liabilities of advertising funds 49,077 45,594
Deferred income 28,426 24,683
Other current liabilities 248,918 239,931
Total current liabilities 344,298 353,515
Long-term debt, net 1,818,609 1,823,278
Capital lease obligations 6,996 7,251
Unfavorable operating leases acquired 16,834 19,061
Deferred income 11,135 15,720
Deferred income taxes, net 561,714 569,126
Other long-term liabilities 62,816 79,587
Total long-term liabilities 2,478,104 2,514,023
Commitments and contingencies (note 17)
Redeemable noncontrolling interests 4,930 —
Stockholders’ equity:
Preferred stock, $0.001 par value; 25,000,000 shares authorized; no shares issued and
outstanding at December 28, 2013 and December 29, 2012, respectively ——
Common stock, $0.001 par value; 475,000,000 shares authorized; 106,876,919 shares
issued and 106,646,219 shares outstanding at December 28, 2013; 106,146,984 shares
issued and outstanding at December 29, 2012 107 106
Additional paid-in capital 1,196,426 1,251,498
Treasury stock, at cost (10,773)—
Accumulated deficit (779,741)(914,094)
Accumulated other comprehensive income 1,339 9,141
Total stockholders’ equity of Dunkin' Brands 407,358 346,651
Noncontrolling interests — 3,324
Total stockholders' equity 407,358 349,975
Total liabilities, redeemable noncontrolling interests, and stockholders' equity $ 3,234,690 3,217,513