Cracker Barrel 2005 Annual Report Download - page 50

Download and view the complete annual report

Please find page 50 of the 2005 Cracker Barrel 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 68

  • 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

48
CBRL GROUP, INC.
Consolidated Balance Sheet
(In thousands except share data)
July 29, July 30,
2005 2004
ASSETS
Current Assets:
Cash and cash equivalents $ 17,173 $ 28,775
Receivables 13,736 9,802
Inventories 142,804 141,820
Prepaid expenses 7,238 8,369
Deferred income taxes 9,532 14,274
Total current assets 190,483 203,040
Property and Equipment:
Land 328,362 298,233
Buildings and improvements 709,730 662,682
Buildings under capital leases 3,289 3,289
Restaurant and other equipment 359,533 315,512
Leasehold improvements 228,859 193,859
Construction in progress 34,275 28,739
Total 1,664,048 1,502,314
Less: Accumulated depreciation and amortization of capital leases 445,750 383,741
Property and equipment – net 1,218,298 1,118,573
Goodwill 93,724 93,724
Other Assets 30,767 20,367
Total $1,533,272 $1,435,704
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities:
Accounts payable $ 97,710 $ 53,295
Current maturities of long-term debt and other long-term obligations 210 189
Taxes withheld and accrued 36,396 34,539
Income taxes payable 22,211 18,571
Accrued employee compensation 49,283 49,466
Accrued employee benefits 43,631 39,290
Deferred revenues 20,818 19,347
Other accrued expenses 25,086 27,538
Total current liabilities 295,345 242,235
Long-term debt 212,218 185,138
Other long-term obligations 48,411 36,225
Deferred income taxes 107,310 98,770
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;
2005 – 46,619,803 shares issued and outstanding; 2004 – 48,769,368
shares issued and outstanding 466 488
Additional paid-in capital — 13,982
Retained earnings 869,522 858,866
Total shareholders’ equity 869,988 873,336
Total $1,533,272 $1,435,704
See Notes to Consolidated Financial Statements.