Sonic 2005 Annual Report Download - page 33

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August 31,
2005 2004
(In thousands)
Assets:
Current assets:
Cash and cash equivalents $ 6,431 $ 7,993
Accounts and notes receivable, net 18,801 18,087
Net investment in direct financing leases 1,174 1,054
Inventories 3,760 3,551
Deferred income taxes 821 798
Prepaid expenses and other 4,262 3,100
Total current assets 35,249 34,583
Notes receivable, net 3,138 5,459
Net investment in direct financing leases 5,033 6,107
Property, equipment and capital leases, net 422,825 376,315
Goodwill, net 88,471 87,420
Trademarks, trade names and other intangibles, net 6,434 6,450
Other assets, net 2,166 2,299
Total assets $ 563,316 $ 518,633
Liabilities and stockholders’ equity
Current liabilities:
Accounts payable $ 14,117 $ 9,783
Deposits from franchisees 3,157 2,867
Accrued liabilities 26,367 23,733
Income taxes payable 15,174 6,731
Obligations under capital leases and long-term debt due within one year 6,527 6,006
Total current liabilities 65,342 49,120
Obligations under capital leases due after one year 36,259 38,020
Long-term debt due after one year 55,934 78,674
Other noncurrent liabilities 10,078 8,231
Deferred income taxes 11,164 9,826
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; 100,000,000 shares authorized;
shares issued 75,766,006 in 2005 and 74,617,554 in 2004 758 746
Paid-in capital 121,982 105,012
Retained earnings 426,783 351,402
549,523 457,160
Treasury stock, at cost; 16,450,920 shares in 2005 and 15,098,687 shares in 2004 (164,984) (122,398)
Total stockholders’ equity 384,539 334,762
Total liabilities and stockholders’ equity $563,316 $518,633
See accompanying notes.
Consolidated Balance Sheets
23