Cracker Barrel 2014 Annual Report Download - page 34

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August 1, 2014 August 2, 2013
ASSETS
Current Assets:
Cash and cash equivalents $ 119,361 $ 121,718
Property held for sale — 883
Accounts receivable 22,704 15,942
Income taxes receivable 2,973 —
Inventories 165,426 146,687
Prepaid expenses and other current assets 11,997 12,648
Deferred income taxes 7,188 4,316
Total current assets 329,649 302,194
Property and Equipment:
Land 303,933 299,995
Buildings and improvements 767,149 746,764
Buildings under capital leases 3,289 3,289
Restaurant and other equipment 506,323 484,013
Leasehold improvements 271,049 255,058
Construction in progress 15,378 8,704
Total 1,867,121 1,797,823
Less: Accumulated depreciation and amortization of capital leases 823,837 771,454
Property and equipment – net 1,043,284 1,026,369
Other assets 59,315 59,743
Total $ 1,432,248 $ 1,388,306
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities:
Accounts payable $ 98,477 $ 110,637
Current maturities of long-term debt 25,000 —
Taxes withheld and accrued 36,261 35,076
Accrued employee compensation 60,933 62,780
Accrued employee benets 26,050 24,477
Deferred revenues 49,825 44,098
Dividend payable 23,838 17,847
Current interest rate swap liability 4,704 —
Other current liabilities 19,350 21,152
Total current liabilities 344,438 316,067
Long-term debt 375,000 400,000
Long-term interest rate swap liability 3,239 11,644
Other long-term obligations 123,221 120,073
Deferred income taxes 57,709 56,496
Commitments and Contingencies (Notes 9 and 15)
Shareholders’ Equity:
Preferred stock – 100,000,000 shares of $.01 par value authorized; 300,000 shares
designated as Series A Junior Participating Preferred Stock; no shares issued — —
Common stock – 400,000,000 shares of $.01 par value authorized; 2014 –
23,821,227 shares issued and outstanding; 2013 – 23,795,327 shares issued and outstanding 238 237
Additional paid-in capital 39,969 51,728
Accumulated other comprehensive loss (4,733) (6,612)
Retained earnings 493,167 438,673
Total shareholders’ equity 528,641 484,026
Total $ 1,432,248 $ 1,388,306
See Notes to Consolidated Financial Statements.
Consolidated Balance Sheets
(In thousands except share data)
CRACKER BARREL OLD COUNTRY STORE, INC.
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