Sonic 2012 Annual Report Download - page 50

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Report of Independent Registered Public Accounting Firm
48
The Board of Directors and Stockholders of Sonic Corp.
We have audited the accompanying consolidated balance sheets of Sonic Corp. as of August 31, 2012 and 2011, and
the related consolidated statements of income, stockholders’ equity (deficit), and cash flows for each of the three years in
the period ended August 31, 2012. 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, 2012 and 2011, and the consolidated results of its operations and its cash flows for
each of the three years in the period ended August 31, 2012, 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), Sonic Corp.’s internal control over financial reporting as of August 31, 2012, based on criteria established in Internal
Control-Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission and our
report dated October 26, 2012, expressed an unqualified opinion thereon.
Oklahoma City, Oklahoma
October 26, 2012