Popeye's 2014 Annual Report Download - page 61

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Popeyes Louisiana Kitchen, Inc.
Consolidated Balance Sheets
As of December 28, 2014 and December 29, 2013
(In millions, except share data)
2014 2013
Current assets:
Cash and cash equivalents $ 8.4 $ 9.6
Accounts and current notes receivable, net 8.6 8.9
Other current assets 7.4 9.8
Advertising cooperative assets, restricted 32.4 27.8
Total current assets 56.8 56.1
Long-term assets:
Property and equipment, net 95.7 77.6
Goodwill 11.1 11.1
Trademarks and other intangible assets, net 94.7 53.4
Other long-term assets, net 2.0 2.3
Total long-term assets 203.5 144.4
Total assets $ 260.3 $ 200.5
Current liabilities:
Accounts payable $ 7.4 $ 8.5
Other current liabilities 12.4 8.1
Current debt maturities 0.3 0.3
Advertising cooperative liabilities 32.4 27.8
Total current liabilities 52.5 44.7
Long-term liabilities:
Long-term debt 109.6 66.9
Deferred credits and other long-term liabilities 32.4 30.1
Total long-term liabilities 142.0 97.0
Commitments and contingencies
Shareholders’ equity:
Preferred stock ($.01 par value; 2,500,000 shares authorized; 0 issued and outstanding) — —
Common stock ($.01 par value; 150,000,000 shares authorized; 23,143,609 and 23,784,041 shares
issued and outstanding at the end of fiscal years 2014 and 2013, respectively) 0.2 0.2
Capital in excess of par value 46.4 77.9
Retained earnings (deficit) 19.3 (18.7)
Accumulated other comprehensive loss (0.1)(0.6)
Total shareholders’ equity 65.8 58.8
Total liabilities and shareholders’ equity $ 260.3 $ 200.5
The accompanying notes are an integral part of these consolidated financial statements.