Popeye's 2015 Annual Report Download - page 60

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Popeyes Louisiana Kitchen, Inc.
Consolidated Balance Sheets
As of December 27, 2015 and December 28, 2014
(In millions, except share data)
2015 2014
Current assets:
Cash and cash equivalents $ 9.1 $ 8.4
Accounts and current notes receivable, net 9.2 8.6
Other current assets 8.5 7.4
Advertising cooperative assets, restricted 35.4 32.4
Total current assets 62.2 56.8
Long-term assets:
Property and equipment, net 97.7 95.7
Goodwill 11.1 11.1
Trademarks and other intangible assets, net 94.2 94.7
Other long-term assets, net 1.5 2.0
Total long-term assets 204.5 203.5
Total assets $ 266.7 $ 260.3
Current liabilities:
Accounts payable $ 6.7 $ 7.4
Other current liabilities 13.9 12.4
Current debt maturities 0.3 0.3
Advertising cooperative liabilities 35.4 32.4
Total current liabilities 56.3 52.5
Long-term liabilities:
Long-term debt 112.3 109.6
Deferred credits and other long-term liabilities 38.5 32.4
Total long-term liabilities 150.8 142.0
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; 22,449,697 and 23,143,609 shares
issued and outstanding at the end of fiscal years 2015 and 2014, respectively) 0.2 0.2
Capital in excess of par value — 46.4
Retained earnings 59.6 19.3
Accumulated other comprehensive loss (0.2)(0.1)
Total shareholders’ equity 59.6 65.8
Total liabilities and shareholders’ equity $ 266.7 $ 260.3
The accompanying notes are an integral part of these consolidated financial statements.
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