Sonic 2009 Annual Report Download - page 27

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Consolidated Balance Sheets
August 31,
(In thousands)
2009 2008
Assets
Current assets:
Cash and cash equivalents $ 137,597 $ 44,266
Restricted cash 24,900 14,934
Accounts and notes receivable, net 27,585 29,838
Inventories 3,365 4,553
Prepaid expenses and other 8,685 5,836
Total current assets 202,132 99,427
Noncurrent restricted cash 10,468 11,192
Notes receivable, net 7,679 3,163
Property, equipment and capital leases, net 523,938 586,245
Goodwill, net 76,299 105,762
Trademarks, trade names and other intangibles, net 12,011 12,418
Debt origination costs, net 11,071 16,121
Other assets, net 5,443 1,984
Total assets $ 849,041 $ 836,312
Liabilities and stockholders’ deficit
Current liabilities:
Accounts payable $ 17,174 $ 20,762
Deposits from franchisees 1,833 3,213
Accrued liabilities 34,512 46,200
Income taxes payable 8,156 1,016
Obligations under capital leases and long-term debt due within one year 55,644 41,351
Total current liabilities 117,319 112,542
Obligations under capital leases due after one year 36,516 34,503
Long-term debt due after one year 646,851 720,953
Other noncurrent liabilities 26,116 18,083
Deferred income taxes 26,507 14,347
Commitments and contingencies (Notes 7, 8, 15, 16 and 17)
Stockholders’ deficit:
Preferred stock, par value $.01; 1,000,000 shares authorized; none outstanding ––
Common stock, par value $.01; 245,000,000 shares authorized;
shares issued 117,781,040 in 2009 and 117,044,879 in 2008 1,178 1,170
Paid-in capital 219,736 209,316
Retained earnings 649,398 599,956
Accumulated other comprehensive income (1,500) (2,191)
868,812 808,251
Treasury stock, at cost; 56,683,932 shares in 2009 and 56,600,080 shares in 2008 (873,080) (872,367)
Total stockholders’ deficit (4,268) (64,116)
Total liabilities and stockholders’ deficit $ 849,041 $ 836,312
See accompanying notes.
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