Papa Johns 2001 Annual Report Download - page 41

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Papa John’s International, Inc. and Subsidiaries
Consolidated Balance Sheets
December 30, December 31,
(Dollars in thousands, except per share amounts) 2001 2000
Assets
Current assets:
Cash and cash equivalents 17,609$ 6,141$
Short-term investments - 5,745
Accounts receivable (less allowance for doubtful accounts of
$1,400 in 2001 and $1,900 in 2000) 18,891 20,259
Accounts receivable-affiliates 4,347 2,805
Inventories 12,659 18,321
Prepaid expenses and other current assets 8,986 7,422
Deferred income taxes 2,639 4,822
Total current assets 65,131 65,515
Investments 3,424 -
Net property and equipment 238,945 245,874
Notes receivable-franchisees (less allowance for doubtful accounts of
$469 in 2001 and $0 in 2000) 16,913 9,862
Notes receivable-affiliates (less allowance for doubtful accounts of
$0 in 2001 and $4,200 in 2000) 661 6,813
Goodwill 48,274 48,475
Other assets 14,091 17,446
Deferred income taxes - 1,673
Total assets 387,439$ 395,658$
Liabilities and stockholders’ equity
Current liabilities:
Accounts payable 23,808$ 23,586$
Income and other taxes 15,628 15,935
Accrued expenses 26,773 29,331
Current portion of debt 225 897
Total current liabilities 66,434 69,749
Unearned franchise and development fees 3,292 6,033
Long-term debt, net of current portion 105,085 145,710
Deferred income taxes 3,467 -
Other long-term liabilities 13,529 7,845
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 31,039,942 in 2001 and 30,652,701 in 2000) 310 307
Additional paid-in capital 201,797 193,029
Accumulated other comprehensive loss (2,934) (277)
Retained earnings 213,561 166,316
Treasury stock (8,892,473 shares in 2001 and 7,655,479 shares in 2000, at cost) (217,102) (193,054)
Total stockholders’ equity 195,632 166,321
Total liabilities and stockholders’ equity 387,439$ 395,658$
See accompanying notes.