Baskin Robbins 2015 Annual Report Download - page 39

Download and view the complete annual report

Please find page 39 of the 2015 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 112

  • 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

-29-
Fiscal Year
2015 2014 2013 2012 2011
($ in thousands, except per share data or as otherwise noted)
Consolidated Balance Sheet Data:
Total cash, cash equivalents, and restricted cash $ 333,115 208,358 257,238 252,985 246,984
Total assets(5) 3,197,119 3,124,400 3,172,653 3,153,568 3,150,234
Total debt(5)(6) 2,453,643 1,807,556 1,811,798 1,832,581 1,445,848
Total liabilities(5) 3,417,862 2,749,450 2,760,365 2,803,593 2,404,298
Total stockholders’ equity (deficit) (220,743) 367,959 407,358 349,975 745,936
Other Financial Data:
Capital expenditures $ 30,246 23,638 31,099 22,398 18,596
Adjusted operating income(7) 400,477 365,956 340,396 307,157 270,740
Adjusted net income(7) 187,893 186,113 165,761 149,700 101,744
Points of Distribution(8):
Dunkin’ Donuts U.S. 8,431 8,082 7,677 7,306 7,015
Dunkin’ Donuts International 3,319 3,228 3,181 3,043 2,871
Baskin-Robbins U.S. 2,503 2,484 2,467 2,463 2,493
Baskin-Robbins International 5,104 5,068 4,833 4,556 4,217
Total points of distribution 19,357 18,862 18,158 17,368 16,596
Comparable Store Sales Growth (Decline):
Dunkin’ Donuts U.S.(9) 1.4 % 1.7 % 3.3 % 4.1% 5.1%
Dunkin’ Donuts International(10) 0.5 % (2.0)% (0.4)% 2.0% n/a
Baskin-Robbins U.S.(9) 6.1 % 4.9 % 1.0 % 4.0% 0.6%
Baskin-Robbins International(10) (1.9)% (1.2)% 1.9 % 2.8% n/a
Franchisee-Reported Sales ($ in millions)(11):
Dunkin’ Donuts U.S. $ 7,595.8 7,154.2 6,717.5 6,242.0 5,919.2
Dunkin’ Donuts International 678.4 701.8 683.6 663.2 636.7
Baskin-Robbins U.S. 582.3 543.1 513.3 509.3 501.7
Baskin-Robbins International 1,284.7 1,352.2 1,362.0 1,356.8 1,286.3
Total franchisee-reported sales $ 10,141.2 9,751.3 9,276.4 8,771.3 8,343.9
Company-Operated POD Sales ($ in millions)(12):
Dunkin’ Donuts U.S. $ 26.9 21.3 24.6 22.2 11.6
Baskin-Robbins U.S. 1.4 0.9 0.4 0.7 0.5
Systemwide Sales Growth (Decline)(13):
Dunkin’ Donuts U.S. 6.2 % 6.4 % 7.6 % 5.6% 9.4%
Dunkin’ Donuts International (3.3)% 2.7 % 3.1 % 4.2% 9.1%
Baskin-Robbins U.S. 7.3 % 5.9 % 0.7 % 1.5% 0.2%
Baskin-Robbins International (5.0)% (0.7)% 0.4 % 5.5% 11.7%
Total systemwide sales growth 4.1 % 5.1 % 5.8 % 5.2% 9.1%
(1) Sales of ice cream and other products includes sales of products sold to Dunkin' Donuts International franchisees that
have historically been included in other revenues. Sales from these transactions were reclassified for all prior periods
presented to conform to the current period presentation.
(2) Includes management fees paid to our former private equity owners of $16.4 million for fiscal year 2011, 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
judgment against Dunkin’ Brands in the amount of approximately C$16.4 million, plus costs and interest. Fiscal year
2015 includes a net reduction to legal reserves for the Bertico litigation and related matters of $2.8 million, as a result