Papa Johns 1999 Annual Report Download - page 46

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Papa John’s International, Inc. and Subsidiaries
Consolidated Balance Sheets
(Dollars in thousands, except per share amounts) December 26, December 27,
1999 1998
(Restated – see Note)
Assets
Current assets:
Cash and cash equivalents $ 3,698 $ 33,814
Accounts receivable 18,113 15,147
Accounts receivable-affiliates 3,302 2,273
Inventories 10,637 9,808
Prepaid expenses and other current assets 7,378 4,891
Deferred income taxes 2,977 2,090
Total current assets 46,105 68,023
Investments 22,086 47,355
Net property and equipment 227,813 172,872
Notes receivable-franchisees 8,153 4,249
Notes receivable-affiliates 3,590 4,741
Intangibles 47,669 9,397
Other assets 16,635 13,087
Total assets $ 372,051 $ 319,724
Liabilities and stockholders’equity
Current liabilities:
Accounts payable $ 24,947 $ 18,389
Accrued expenses 38,516 26,916
Current portion of debt 5,308 190
Total current liabilities 68,771 45,495
Unearned franchise and development fees 6,222 6,561
Long-term debt, net of current portion 925 8,230
Deferred income taxes 2,109 5,066
Other long-term liabilities 1,891 202
Stockholders’equity:
Preferred stock ($.01 par value per share; authorized 5,000,000 shares,
no shares issued) - -
Common stock ($.01 par value per share; authorized 50,000,000 shares,
issued 30,504,185 in 1999 and 29,866,832 in 1998) 305 298
Additional paid-in capital 189,920 166,209
Accumulated other comprehensive income (loss) (390) 688
Retained earnings 134,492 87,456
Treasury stock (1,298,495 shares in 1999 and
36,572 shares in 1998, at cost) (32,194) (481)
Total stockholders’equity 292,133 254,170
Total liabilities and stockholders’equity $ 372,051 $ 319,724
Note: The Consolidated Balance Sheet at December 27, 1998 has been restated to reflect the acquistion of Minnesota Pizza Company, LLC, a business combination
accounted for as a pooling of interests (see “Note 3”of “Notes to Consolidated Financial Statements”).
See accompanying notes.
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