Sonic 2008 Annual Report Download - page 9

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Please find page 9 of the 2008 Sonic annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

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Tight capital markets also require companies to maintain strong liquidity positions. Sonic is
well positioned in this respect also. With approximately $30 million in cash investments over
and above our operating requirements, we do not anticipate needing to access capital markets
in the foreseeable future. We plan to continue to maintain a strong cash flow, reflecting the
strength of both our business model and our ability to adapt to changing times.
As the theme of our annual report suggests, everybody’s talkin’ about our brand. Not only are
they talking about food for our customers, opportunities for our franchisees or jobs for our
employees, but also about having fun and making memories with
friends and family, having personal and professional success and
providing solid returns for our stockholders. Delivering quality
food, fast, in a fun and memorable setting has been our
trademark for 55 years. As we look to the future, we are
confident that we will continue to confront our near-term
challenges successfully. In the process, we will stand out as the
favorite restaurant for people of all ages and as a compelling growth
concept with solid returns for franchisees and stockholders as we
have for many years.
Sincerely,
Clifford Hudson
Chairman and Chief Executive Officer
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