Cracker Barrel 2006 Annual Report Download - page 50

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CBRL GROUP, INC.
48
Consolidated Balance Sheet
(In thousands except share data)
July 28, July 29,
2006 2005
ASSETS
Current Assets:
Cash and cash equivalents $ 89,562 $ 17,173
Property held for sale 4,716 —
Receivables 14,629 13,736
Inventories 138,176 142,804
Prepaid expenses 5,996 7,238
Deferred income taxes 17,017 9,532
Total current assets 270,096 190,483
Property and Equipment:
Land 339,865 328,362
Buildings and improvements 745,416 709,730
Buildings under capital leases 3,289 3,289
Restaurant and other equipment 396,550 359,533
Leasehold improvements 262,525 228,859
Construction in progress 25,004 34,275
Total 1,772,649 1,664,048
Less: Accumulated depreciation and amortization of capital leases 502,565 445,750
Property and equipment – net 1,270,084 1,218,298
Goodwill 93,724 93,724
Other assets 47,393 30,767
Total $1,681,297 $1,533,272
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities:
Accounts payable $ 83,846 $ 97,710
Current maturities of long-term debt and other long-term obligations 8,116 210
Taxes withheld and accrued 38,126 36,396
Income taxes payable 22,444 22,211
Accrued employee compensation 48,718 49,283
Accrued employee benefits 40,570 43,631
Deferred revenues 21,413 20,818
Other accrued expenses 32,448 25,086
Total current liabilities 295,681 295,345
Long-term debt 911,464 212,218
Other long-term obligations 66,918 48,411
Deferred income taxes 104,952 107,310
Commitments and Contingencies (Note 12)
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;
2006 – 30,926,906 shares issued and outstanding; 2005 – 46,619,803
shares issued and outstanding 309 466
Additional paid-in capital 4,257 —
Accumulated other comprehensive (loss) (4,529) —
Retained earnings 302,245 869,522
Total shareholders’ equity 302,282 869,988
Total $1,681,297 $1,533,272
See Notes to Consolidated Financial Statements.