Chili's 2006 Annual Report Download - page 55

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See accompanying notes to consolidated financial statements.
F-9
BRINKER INTERNATIONAL, INC.
CONSOLIDATED BALANCE SHEETS
(In thousands, except share and pershare amounts)
2006 2005
ASSETS
Current Assets:
Cash and cash equivalents............................................$ 55,615 $41,859
Accounts receivable.................................................52,54043,592
Inventories ......................................................... 40,330 48,647
Prepaid expenses and other..........................................85,18777,069
Deferred income taxes. ..............................................8,638 21,956
Current assets of discontinued operations..............................—79,842
Total currentassets...............................................242,310 312,965
Property and Equipment, at Cost:
Land ..............................................................279,369 284,885
Buildings and leasehold improvements ................................1,715,917 1,507,587
Furniture andequipment............................................745,812 697,352
Construction-in-progress. ............................................ 94,734 81,622
2,835,832 2,571,446
Less accumulated depreciation and amortization.......................(1,043,108) (924,980)
Net property and equipment .......................................1,792,724 1,646,466
Other Assets:
Goodwill ...........................................................145,479 124,749
Other. ............................................................. 41,266 71,944
Total other assets .................................................1
86,745 196,693
Total assets ......................................................$2,221,779$ 2 ,156,124
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities:
Current installments of long-term debt ................................$ 2,197$ 1,805
Accounts payable...................................................1
51,216 133,096
Accrued liabilities...................................................3
14,509 261,924
Income taxes payable................................................29,45322,739
Currentliabilities of discontinued operations...........................—10,400
Total currentliabilities ............................................497,375 429,964
Long-term debt, less current installments ................................500,515 406,505
Deferred income taxes.................................................7,016 56,189
Other liabilities .......................................................141,041 163,184
Commitments and Contingencies (Notes 9 and 13)
Shareholders’ Equity:
Common stock—250,000,000 authorized shares; $.10 par value;
117,499,541 shares issued and 83,539,647 shares outstanding at June 28,
2006, and 117,499,541 shares issuedand 89,182,804 shares outstanding
at June 29, 2005................................................... 11,750 11,750
Additional paid-incapital ............................................406,626 369,813
Accumulated other comprehensive income.............................773 700
Retained earnings. ..................................................1,608,661 1,421,866
2,027,810 1,804,129
Less treasury stock, at cost (33,959,894shares at June 28, 2006 and
28,316,737 shares at June 29, 2005). ................................. (951,978) (703,847)
Total shareholders’ equity .........................................1,075,832 1,100,282
Total liabilities andshareholders’ equity .............................$2,221,779$ 2 ,156,124