Sonic 2015 Annual Report Download - page 47

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Reports of Independent Registered Public Accounting Firms
The Board of Directors and Stockholders of Sonic Corp.
We have audited the accompanying consolidated balance sheets of Sonic Corp. and subsidiaries as of August 31,
2015 and 2014, and the related consolidated statements of income, stockholders’ equity, and cash flows for the years then
ended. In connection with our audits of the consolidated financial statements, we also have audited the financial statement
schedule II as of August 31, 2015 and 2014, and for the years then ended. These consolidated financial statements and
the financial statement schedule are the responsibility of the Company’s management. Our responsibility is to express an
opinion on these consolidated financial statements and financial statement schedule 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 consolidated financial statements referred to above present fairly, in all material respects, the
financial position of Sonic Corp. and subsidiaries as of August 31, 2015 and 2014, and the results of their operations
and their cash flows for the years then ended in conformity with U.S. generally accepted accounting principles. Also,
in our opinion, the related financial statement schedule, when considered in relation to the basic consolidated financial
statements taken as a whole, presents fairly, in all material respects, the information set forth therein.
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, 2015, based on criteria established in
Internal Control – Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway
Commission (COSO), and our report dated October 23, 2015, expressed an unqualified opinion on the effectiveness of Sonic
Corp.’s internal control over financial reporting.
/s/ KPMG LLP
Oklahoma City, Oklahoma
October 23, 2015
The Board of Directors and Stockholders of Sonic Corp.
We have audited the accompanying consolidated statements of income, stockholders’ equity, and cash flows of Sonic Corp.
for the year ended August 31, 2013. Our audit also included the 2013 financial statement schedule listed in the Index at Item
15. These financial statements and schedule are the responsibility of the Company’s management. Our responsibility is to
express an opinion on these financial statements and schedule based on our audit.
We conducted our audit 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 audit provided a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in all material respects, the consolidated results
of Sonic Corp.’s operations and its cash flows for the year ended August 31, 2013, in conformity with U.S. generally accepted
accounting principles. Also, in our opinion, the related 2013 financial statement schedule, when considered in relation to the
basic financial statements taken as a whole, presents fairly in all material respects the information set forth therein.
/s/ ERNST & YOUNG LLP
Oklahoma City, Oklahoma
October 25, 2013