Sonic 2012 Annual Report Download - page 29

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Consolidated Balance Sheets
August 31,
(In thousands) 2012 2011
Assets
Current assets:
Cash and cash equivalents $ 52,647 $ 29,509
Restricted cash 10,200 12,850
Accounts and notes receivable, net 27,073 24,558
Income taxes receivable –12,776
Inventories 3,289 3,503
Prepaid expenses 4,399 4,523
Other current assets 9,543 5,738
Total current assets 107,151 93,457
Noncurrent restricted cash 7,903 8,108
Notes receivable, net 11,641 11,086
Property, equipment and capital leases, net 443,008 464,875
Goodwill 76,997 81,625
Debt origination costs, net 10,555 13,124
Other assets, net 23,505 7,467
Total assets $ 680,760 $ 679,742
Liabilities and stockholders’ equity
Current liabilities:
Accounts payable $ 11,048 $ 11,135
Deposits from franchisees 3,055 2,897
Accrued liabilities 32,607 33,532
Income taxes payable 14,326 4,775
Current maturities of long-term debt and capital leases 19,480 18,940
Total current liabilities 80,516 71,279
Obligations under capital leases due after one year 27,377 30,302
Long-term debt due after one year 466,613 481,835
Deferred income taxes 29,777 27,228
Other noncurrent liabilities 17,230 17,402
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; 245,000,000 shares authorized;
shares issued 118,309,094 in 2012 and 118,309,094 in 2011 1,183 1,183
Paid-in capital 230,543 229,399
Retained earnings 722,614 687,431
Treasury stock, at cost; 60,324,576 shares in 2012 and 56,315,651 shares in 2011 (895,093) (866,317)
Total stockholders’ equity 59,247 51,696
Total liabilities and stockholders’ equity $ 680,760 $ 679,742
The accompanying notes are an integral part of the consolidated financial statements.
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