Sonic 2001 Annual Report Download - page 14

THE DAILY CRUISER PAGE 14
Consolidated Balance Sheets
August 31,
2001 2000
(In thousands)
Assets
Current assets:
Cash and cash equivalents $ 6,971 $ 3,477
Accounts and notes receivable, net 12,142 9,685
Net investment in direct financing leases 683 625
Inventories 2,030 1,677
Deferred income taxes 388 292
Prepaid expenses 1,315 1,121
Total current assets 23,529 16,877
Notes receivable, net 7,375 7,679
Net investment in direct financing leases 7,148 7,220
Property, equipment and capital leases, net 273,198 222,318
Goodwill, intangibles and other assets, net 46,750 24,277
Total assets $ 358,000 $ 278,371
Liabilities and stockholders’ equity
Current liabilities:
Accounts payable $ 8,052 $ 7,455
Deposits from franchisees 1,020 778
Accrued liabilities 16,709 14,363
Long-term debt and obligations under capital leases due within one year 1,083 652
Total current liabilities 26,864 23,248
Obligations under capital leases due after one year 12,801 6,668
Long-term debt due after one year 108,972 83,860
Other noncurrent liabilities 6,909 6,222
Deferred income taxes 1,735 3,110
Commitments and contingencies (Notes 6, 7, 14, and 15)
Stockholders’ equity:
Preferred stock, par value $.01; 1,000,000 shares authorized; none outstanding ––
Common stock, par value $.01; 40,000,000 shares authorized; shares issued 31,913,898 in 2001 and 31,324,832 in 2000 319 313
Paid-in capital 78,427 69,786
Retained earnings 188,434 149,478
267,180 219,577
Treasury stock, at cost; 5,029,345 shares in 2001 and 4,953,309 shares in 2000 (66,461) (64,314)
Total stockholders’ equity 200,719 155,263
Total liabilities and stockholders’ equity $ 358,000 $ 278,371
See accompanying notes.