Chipotle 2008 Annual Report Download - page 42
Download and view the complete annual report
Please find page 42 of the 2008 Chipotle 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.-
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
 |
 |
CHIPOTLE MEXICAN GRILL, INC.
CONSOLIDATED STATEMENT OF SHAREHOLDERS’ EQUITY AND COMPREHENSIVE INCOME
(in thousands)
Class A
Common Stock
Class B
Common Stock Additional
Paid-in
Capital
Treasury Stock
Tax
Receivable
McDonald’s
Corp
Retained
Earnings
(Accumulated
Deficit)
Accumulated
Other
Comprehensive
Income (Loss) TotalShares Amount Shares Amount Shares Amount
Balance, December 31, 2005 ............................... — $— 26,281 $263 $375,728 — $ — $(28,195) $ (38,451) $ 9 $309,354
Issuance of common stock ................................. 6,061 61 133,272 133,333
Costs to issue common stock ............................... (12,436) (12,436)
Grant of common stock ................................... 1 — 100 100
Conversion of common stock ............................... 8,010 80 (8,010) (80) —
Stock-based compensation ................................. 51 — 5,870 5,870
Stock option exercises .................................... 150 1 2,751 2,752
Excess tax benefit on option exercises, net of utilization of $423 . . . 934 934
Tax sharing arrangement .................................. (35,566) 19,412 (16,154)
Separation from McDonald’s ............................... 8,783 8,783
Comprehensive income:
Net income ......................................... 41,423 41,423
Foreign currency translation adjustment .................. (2) (2)
Total comprehensive income ........................... 41,421
Balance, December 31, 2006 ............................... 14,222 142 18,322 183 470,653 — — — 2,972 7 473,957
Grant of common stock ................................... 2 192 192
Stock-based compensation ................................. 52 1 8,135 8,136
Stock option exercises .................................... 207 2 3,861 3,863
Excess tax benefit on option exercises, net of utilization of $177 . . . 6,455 6,455
Cumulative affect of change in accounting principle, net of income
tax of $675 ........................................... (1,049) (1,049)
Comprehensive income:
Net income ......................................... 70,563 70,563
Foreign currency translation adjustment .................. (7) (7)
Total comprehensive income ........................... 70,556
Balance, December 31, 2007 ............................... 14,431 144 18,374 184 489,296 — — — 72,486 — 562,110
Stock-based compensation ................................. 51 — 11,976 11,976
Stock option exercises .................................... 22 1 470 471
Excess tax benefit on option exercises, net of utilization of $33 .... 251 251
Acquisition of treasury stock ............................... 692 (30,227) (30,227)
Comprehensive income:
Net income ......................................... 78,202 78,202
Foreign currency translation adjustment .................. (193) (193)
Total comprehensive income ........................... 78,009
Balance, December 31, 2008 ............................... 14,453 $145 18,425 $184 $501,993 692 $(30,227) $ — $150,688 $(193) $622,590
See accompanying notes to consolidated financial statements.
40
Annual Report