Exhibit 99.1
RED ROBIN GOURMET BURGERS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands, except share amounts)
(Unaudited)
|
|
December 30, |
|
December 31, |
|
||
Assets: |
|
|
|
|
|
||
Current Assets: |
|
|
|
|
|
||
Cash and cash equivalents |
|
$ |
12,914 |
|
$ |
2,762 |
|
Accounts receivable, net |
|
4,751 |
|
3,305 |
|
||
Inventories |
|
10,367 |
|
8,486 |
|
||
Prepaid expenses and other current assets |
|
9,246 |
|
5,885 |
|
||
Income tax receivable |
|
4,760 |
|
5,862 |
|
||
Deferred tax asset |
|
3,159 |
|
2,156 |
|
||
Restricted current assetsmarketing funds |
|
2,095 |
|
827 |
|
||
Total current assets |
|
47,292 |
|
29,283 |
|
||
Property and equipment, net |
|
399,270 |
|
351,736 |
|
||
Goodwill |
|
56,299 |
|
43,496 |
|
||
Intangible assets, net |
|
41,059 |
|
22,772 |
|
||
Other assets, net |
|
4,869 |
|
3,311 |
|
||
Total assets |
|
$ |
548,789 |
|
$ |
450,598 |
|
|
|
|
|
|
|
||
Liabilities and Stockholders Equity: |
|
|
|
|
|
||
Current Liabilities: |
|
|
|
|
|
||
Trade accounts payable |
|
$ |
9,263 |
|
$ |
6,312 |
|
Construction related payables |
|
13,416 |
|
17,839 |
|
||
Accrued payroll and payroll related liabilities |
|
29,146 |
|
19,144 |
|
||
Unredeemed gift certificates |
|
10,789 |
|
9,374 |
|
||
Accrued liabilities |
|
19,404 |
|
15,036 |
|
||
Accrued liabilitiesmarketing funds |
|
2,095 |
|
827 |
|
||
Current portion of term loan notes payable |
|
11,250 |
|
|
|
||
Current portion of long-term debt and capital lease obligations |
|
558 |
|
1,630 |
|
||
Total current liabilities |
|
95,921 |
|
70,162 |
|
||
Deferred rent |
|
21,728 |
|
18,076 |
|
||
Long-term portion of term loan notes payable |
|
133,125 |
|
|
|
||
Other long-term debt and capital lease obligations |
|
8,813 |
|
112,341 |
|
||
Other non-current liabilities |
|
4,760 |
|
6,486 |
|
||
Total liabilities |
|
264,347 |
|
207,065 |
|
||
|
|
|
|
|
|
||
Commitments and contingencies |
|
|
|
|
|
||
|
|
|
|
|
|
||
Stockholders Equity: |
|
|
|
|
|
||
Common stock |
|
17 |
|
17 |
|
||
Treasury stock |
|
(83 |
) |
(83 |
) |
||
Paid-in capital |
|
156,928 |
|
146,614 |
|
||
Retained earnings |
|
127,580 |
|
96,985 |
|
||
Total stockholders equity |
|
284,442 |
|
243,533 |
|
||
Total liabilities and stockholders equity |
|
$ |
548,789 |
|
$ |
450,598 |
|