Sonic 2011 Annual Report Download - page 31

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Consolidated Balance Sheets
August 31,
(In thousands) 2011 2010
Assets
Current assets:
Cash and cash equivalents $ 29,509 $ 86,036
Restricted cash 12,850 12,546
Income taxes receivable 12,776 –
Accounts and notes receivable, net 24,558 25,463
Inventories 3,503 3,674
Prepaid expenses 4,523 3,917
Other current assets 5,738 2,292
Total current assets 93,457 133,928
Noncurrent restricted cash 8,108 9,685
Notes receivable, net 11,086 8,824
Property, equipment and capital leases, net 464,875 489,264
Goodwill 81,625 82,089
Debt origination costs, net 13,124 6,176
Other assets, net 7,467 7,354
Total assets $ 679,742 $ 737,320
Liabilities and stockholders’ equity
Current liabilities:
Accounts payable $ 11,135 $ 11,772
Deposits from franchisees 2,897 3,299
Accrued liabilities 33,532 33,332
Income taxes payable 4,775 5,072
Current maturities of long-term debt and capital leases 18,940 65,133
Total current liabilities 71,279 118,608
Obligations under capital leases due after one year 30,302 32,872
Long-term debt due after one year 481,835 529,872
Other noncurrent liabilities 17,265 18,421
Deferred income taxes 27,228 14,981
Commitments and contingencies (Notes 7, 8, 15, 16 and 17)
Stockholders’ equity:
Preferred stock, par value $.01; 1,000,000 shares authorized; none outstanding ––
Common stock, par value $.01; 245,000,000 shares authorized;
shares issued 118,309,094 in 2011 and 118,313,450 in 2010 1,183 1,183
Paid-in capital 229,399 224,453
Retained earnings 687,431 670,488
Accumulated other comprehensive loss – (843)
918,013 895,281
Treasury stock, at cost; 56,315,651 shares in 2011 and 56,676,425 shares in 2010 (866,317) (872,937)
Total Sonic Corp. stockholders’ equity 51,696 22,344
Noncontrolling interests 137 222
Total stockholders’ equity 51,833 22,566
Total liabilities and stockholders’ equity $ 679,742 $ 737,320
The accompanying notes are an integral part of the consolidated financial statements.
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