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54
Papa฀John’s฀International,฀Inc.฀and฀Subsidiaries
Consolidated฀Balance฀Sheets
(In฀thousands,฀except฀per฀share฀amounts)
December฀29, December฀30,
2013 2012
Assets
Current฀assets:
Cash฀and฀cash฀equivalents 13,670$฀฀฀฀฀฀฀฀฀ 16,396$฀฀฀฀฀฀฀฀฀
Accounts฀receivable฀(less฀allowance฀for฀doubtful฀
฀฀฀accounts฀of฀$4,318฀in฀2013฀and฀$3,057฀in฀2012) 52,919฀฀฀฀฀฀฀฀฀฀฀ 43,585฀฀฀฀฀฀฀฀฀฀฀
Accounts฀receivable฀-฀affiliates฀(no฀allowance฀for฀doubtful
฀฀฀accounts฀in฀2013฀and฀2012) 284฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ 1,062฀฀฀฀฀฀฀฀฀฀฀฀฀
Notes฀receivable฀(no฀allowance฀for฀doubtful฀accounts฀in฀2013฀and฀2012) 3,566฀฀฀฀฀฀฀฀฀฀฀฀฀ 4,577฀฀฀฀฀฀฀฀฀฀฀฀฀
Inventories 23,035฀฀฀฀฀฀฀฀฀฀฀ 22,178฀฀฀฀฀฀฀฀฀฀฀
Deferred฀income฀taxes 8,004฀฀฀฀฀฀฀฀฀฀฀฀฀ 10,279฀฀฀฀฀฀฀฀฀฀฀
Prepaid฀expenses 14,336฀฀฀฀฀฀฀฀฀฀฀ 12,782฀฀฀฀฀฀฀฀฀฀฀
Other฀current฀assets 9,226฀฀฀฀฀฀฀฀฀฀฀฀฀ 7,767฀฀฀฀฀฀฀฀฀฀฀฀฀
Total฀current฀assets 125,040฀฀฀฀฀฀฀฀฀ 118,626฀฀฀฀฀฀฀฀฀
Net฀property฀and฀equipment 212,097฀฀฀฀฀฀฀฀฀ 196,661฀฀฀฀฀฀฀฀฀
Notes฀receivable,฀less฀current฀portion฀(less฀allowance฀for฀doubtful฀
฀฀฀฀accounts฀of฀$3,387฀in฀2013฀and฀$5,028฀in฀2012) 13,239฀฀฀฀฀฀฀฀฀฀฀ 12,536฀฀฀฀฀฀฀฀฀฀฀
Goodwill 79,391฀฀฀฀฀฀฀฀฀฀฀ 78,958฀฀฀฀฀฀฀฀฀฀฀
Other฀assets 34,524฀฀฀฀฀฀฀฀฀฀฀ 31,627฀฀฀฀฀฀฀฀฀฀฀
Total฀assets
464,291
$฀฀฀฀฀฀
฀
438,408
$฀฀฀฀฀฀
฀
Liabilities฀and฀stockholders’฀equity
Current฀liabilities:
Accounts฀payable 35,653$฀฀฀฀฀฀฀฀฀ 32,624$฀฀฀฀฀฀฀฀฀
Income฀and฀other฀taxes฀payable 4,401฀฀฀฀฀฀฀฀฀฀฀฀฀ 10,429฀฀฀฀฀฀฀฀฀฀฀
Accrued฀expenses฀and฀other฀current฀liabilities 57,807฀฀฀฀฀฀฀฀฀฀฀ 60,528฀฀฀฀฀฀฀฀฀฀฀
Total฀current฀liabilities 97,861฀฀฀฀฀฀฀฀฀฀฀ 103,581฀฀฀฀฀฀฀฀฀
Deferred฀revenue 5,827฀฀฀฀฀฀฀฀฀฀฀฀฀ 7,329฀฀฀฀฀฀฀฀฀฀฀฀฀
Long-term฀debt 157,900฀฀฀฀฀฀฀฀฀ 88,258฀฀฀฀฀฀฀฀฀฀฀
Deferred฀income฀taxes 14,660฀฀฀฀฀฀฀฀฀฀฀ 10,672฀฀฀฀฀฀฀฀฀฀฀
Other฀long-term฀liabilities 42,835฀฀฀฀฀฀฀฀฀฀฀ 40,674฀฀฀฀฀฀฀฀฀฀฀
Total฀liabilities 319,083฀฀฀฀฀฀฀฀฀ 250,514฀฀฀฀฀฀฀฀฀
Redeemable฀noncontrolling฀interests 7,024฀฀฀฀฀฀฀฀฀฀฀฀฀ 6,380฀฀฀฀฀฀฀฀฀฀฀฀฀
Stockholders’฀equity:
Preferred฀stock฀($0.01฀par฀value฀per฀share;฀no฀shares฀issued) -฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀
Common฀stock฀($0.01฀par฀value฀per฀share;฀issued฀42,796฀in฀2013฀and฀74,176฀in฀2012) 428฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ 742฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀
Additional฀paid-in฀capital 137,552฀฀฀฀฀฀฀฀฀ 280,534฀฀฀฀฀฀฀฀฀
Accumulated฀other฀comprehensive฀income฀ 2,463฀฀฀฀฀฀฀฀฀฀฀฀฀ 1,824฀฀฀฀฀฀฀฀฀฀฀฀฀
Retained฀earnings 41,297฀฀฀฀฀฀฀฀฀฀฀ 356,461฀฀฀฀฀฀฀฀฀
Treasury฀stock฀(1,129฀shares฀in฀2013฀and฀29,694฀shares฀in฀2012,฀at฀cost) (44,066)฀฀฀฀฀฀฀฀฀฀ (458,047)฀฀฀฀฀฀฀฀
Total฀stockholders'฀equity,฀net฀of฀noncontrolling฀interests 137,674฀฀฀฀฀฀฀฀฀ 181,514฀฀฀฀฀฀฀฀฀
Noncontrolling฀interests฀in฀subsidiaries 510฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀
Total฀stockholders'฀equity 138,184฀฀฀฀฀฀฀฀฀ 181,514฀฀฀฀฀฀฀฀฀
Total฀liabilities,฀redeemable฀noncontrolling฀interests฀and฀stockholders'฀equity
464,291
$฀฀฀฀฀฀
฀
438,408
$฀฀฀฀฀฀
฀
See฀accompanying฀notes.
Years฀Ended