Sonic 2005 Annual Report Download - page 51

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The Board of Directors and Stockholders of
Sonic Corp.
We have audited the accompanying consolidated balance sheets of Sonic Corp. as of August 31, 2005 and 2004 and
the related consolidated statements of income, stockholders’ equity, and cash flows for each of the three years in the
period ended August 31, 2005. These financial statements are the responsibility of the Company’s management. Our
responsibility is to express an opinion on these financial statements based on our audits.
We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board
(United States).Those standards require that we plan and perform the audit to obtain reasonable assurance about
whether the financial statements are free of material misstatement. An audit includes examining, on a test basis,
evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the
accounting principles used and significant estimates made by management, as well as evaluating the overall financial
statement presentation. We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in all material respects, the consolidated
financial position of Sonic Corp. at August 31, 2005 and 2004, and the consolidated results of its operations and its
cash flows for each of the three years in the period ended August 31, 2005, in conformity with U.S. generally accepted
accounting principles.
We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United
States), the effectiveness of Sonic Corp.’s internal control over financial reporting as of August 31, 2005, based on
criteria established in Internal Control-Integrated Framework issued by the Committee of Sponsoring Organizations of
the Treadway Commission and our report dated November 10, 2005, expressed an unqualified opinion thereon.
Oklahoma City, Oklahoma
November 10, 2005
Report of Independent Registered Public Accounting Firm
41