Jack In The Box 2006 Annual Report Download - page 78

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JACK IN THE BOX INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Dollars in thousands, except per share data)
F-28
14. SEGMENT REPORTING
The Company operates its business in two operating segments, JACK IN THE BOX and Qdoba, based on the
Company’ s management structure and internal method of reporting. Based upon certain quantitative thresholds,
only JACK IN THE BOX is considered a reportable segment. Summarized financial information concerning our
reportable segment is shown in the following table:
2006 2005 2004
Revenues ..............................................................................................
.
$ 2,690,705 $ 2,445,149 $ 2,282,406
Earnings from operations .....................................................................
.
172,485 147,188 141,217
Cash flows used for additions to property and equipment....................
.
142,075 117,951 112,518
Total assets ...........................................................................................
.
1,490,536 1,319,171 1,313,326
Interest expense and income taxes are not reported on an operating segment basis in accordance with our method
of internal reporting.
A reconciliation of reportable segment revenues to consolidated revenue follows:
2006 2005 2004
Revenues ..............................................................................................
.
$ 2,690,705 $ 2,445,149 $ 2,282,406
Qdoba revenues....................................................................................
.
74,944 58,399 38,059
Consolidated revenues..........................................................................
.
$ 2,765,649 $ 2,503,548 $ 2,320,465
A reconciliation of reportable segment earnings from operations to consolidated earnings from operations
follows:
2006 2005 2004
Earnings from operations ......................................................................
.
$ 172,485 $ 147,188 $ 141,217
Qdoba earnings from operations ...........................................................
.
9,210 4,418 1,706
Consolidated earnings from operations .................................................
.
$ 181,695 $ 151,606 $ 142,923
A reconciliation of reportable segment total assets to consolidated total assets follows:
2006 2005 2004
Total assets ............................................................................................
.
$ 1,490,536 $ 1,319,171 $ 1,313,326
Qdoba total assets..................................................................................
.
74,132 67,989 60,494
Investment in Qdoba and other..............................................................
.
(44,207) (49,174) (49,154)
Consolidated total assets .......................................................................
.
$ 1,520,461 $ 1,337,986 $ 1,324,666
15. SUPPLEMENTAL CASH FLOW INFORMATION
2006 2005 2004
Cash paid during the year for:
Interest, net of amounts capitalized ...................................................
.
$ 20,234 $ 15,654 $ 23,564
Income tax payments.........................................................................
.
44,285 43,678 29,265
Capital lease obligations incurred .........................................................
.
1,818 911 9,912
The consolidated statements of cash flows also exclude non-cash proceeds from our short-term financing of a
portion of the sale of company-operated restaurants to certain qualified franchisees of $5,265 in 2004 included in
accounts receivable.