Jack In The Box 2013 Annual Report Download - page 47
Download and view the complete annual report
Please find page 47 of the 2013 Jack In The Box 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.-
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
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
 |
 |
Cash flows from operating activities:
Net earnings
$51,152
$57,651
$80,600
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization
96,219
97,958
96,147
Deferred finance cost amortization
2,277
2,695
2,554
Deferred income taxes
(18,604)
(6,615)
(12,832)
Share-based compensation expense
11,392
6,883
8,062
Pension and postretirement expense
31,147
33,526
23,845
(Gains) losses on cash surrender value of company-owned life insurance
(8,998)
(12,137)
1,094
Gains on the sale of company-operated restaurants
(4,640)
(29,145)
(61,125)
Gains on the acquisition of franchise-operated restaurants
—
—
(426)
Losses on the disposition of property and equipment
3,344
6,281
7,650
Impairment charges and other
28,230
9,403
1,367
Loss on early retirement of debt
939
—
—
Changes in assets and liabilities, excluding acquisitions and dispositions:
Accounts and other receivables
33,994
3,497
(26,116)
Inventories
27,415
4,334
(1,540)
Prepaid expenses and other current assets
13,117
(12,849)
19,163
Accounts payable
(26,945)
(3,264)
1,498
Accrued liabilities
(10,560)
247
2,446
Pension and postretirement contributions
(23,886)
(20,318)
(4,790)
Other
(6,721)
(1,417)
(13,337)
Cash flows provided by operating activities
198,872
136,730
124,260
Cash flows from investing activities:
Purchases of property and equipment
(84,690)
(80,200)
(129,312)
Purchases of assets intended for sale and leaseback
(26,058)
(35,927)
(31,798)
Proceeds from sale and leaseback of assets
47,431
27,844
28,536
Proceeds from the sale of company-operated restaurants
30,619
47,115
119,275
Collections on notes receivable
6,448
12,230
20,848
Disbursements for loans to franchisees
—
(3,977)
(14,473)
Acquisition of franchise-operated restaurants
(12,064)
(48,945)
(31,077)
Other
4,375
344
2,199
Cash flows used in investing activities
(33,939)
(81,516)
(35,802)
Cash flows from financing activities:
Borrowings on revolving credit facilities
646,000
576,380
721,160
Repayments of borrowings on revolving credit facilities
(721,000)
(602,540)
(605,000)
Proceeds from issuance of debt
200,000
—
—
Principal repayments on debt
(175,946)
(21,110)
(13,760)
Debt issuance costs
(4,392)
(741)
(989)
Proceeds from issuance of common stock
61,993
10,167
5,530
Repurchases of common stock
(132,833)
(30,013)
(193,099)
Excess tax benefits from share-based compensation arrangements
2,094
1,115
1,290
Change in book overdraft
(39,678)
8,573
(2,773)
Cash flows used in financing activities
(163,762)
(58,169)
(87,641)
Effect of exchange rate changes on cash and cash equivalents
4
—
—
Net increase (decrease) in cash and cash equivalents
1,175
(2,955)
817
Cash and cash equivalents at beginning of year
8,469
11,424
10,607
Cash and cash equivalents at end of year
$9,644
$8,469
$11,424
See accompanying notes to consolidated financial statements.