Cracker Barrel 2004 Annual Report Download - page 45

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CBRL GROUP, INC.
Consolidated Balance Sheet
(In thousands except share data)
ASSETS
July 30,
2004
August 1,
2003
(As Restated,
see Note 2)
(As Restated,
see Note 2)
Current Assets:
Cash and cash equivalents $ 28,775 $ 14,389
Receivables 9,802 9,150
Inventories 141,820 136,020
Prepaid expenses 8,369 8,932
Deferred income taxes 14,274 7,568
Total current assets 203,040 176,059
Property and Equipment:
Land 298,233 273,831
Buildings and improvements 662,682 625,541
Buildings under capital leases 3,289 3,289
Restaurant and other equipment 315,512 331,065
Leasehold improvements 193,859 164,937
Construction in progress 28,739 19,268
Total 1,502,314 1,417,931
Less: Accumulated depreciation and amortization of
capital leases 383,741 377,616
Property and equipment – net 1,118,573 1,040,315
Goodwill 93,724 93,724
Other Assets 20,367 17,067
Total $1,435,704 $1,327,165
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities:
Accounts payable $ 53,295 $ 82,172
Current maturities of long-term debt
and other long-term obligations 189 100
Taxes withheld and accrued 34,539 32,103
Income taxes payable 18,571 8,177
Accrued employee compensation 49,466 50,153
Accrued employee benefits 39,290 38,782
Deferred revenues 19,347 15,634
Other accrued expenses 27,538 15,818
Total current liabilities 242,235 242,939
Long-term Debt 185,138 186,730
Other Long-term Obligations 36,225 30,454
Deferred Income Taxes 98,770 77,680
Commitments and Contingencies (Note 10)
Shareholders’ Equity:
Preferred stock – 100,000,000 shares of
$.01 par value authorized; no shares issued -- --
Common stock – 400,000,000 shares of $.01 par value
authorized; 2004 - 48,769,368
shares issued and outstanding; 2003 –
47,872,542 shares issued and outstanding 488 479
Additional paid-in capital 13,982 --
Retained earnings 858,866 788,883
Total shareholders' equity 873,336 789,362
Total $1,435,704 $1,327,165
See Notes to Consolidated Financial Statements.