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Balance sheet December 28, 2019 December 29, 2018 Assets Current assets: Cash and cash equivalents $621,152 517,594 Restricted cash 85,644 79,008 Accounts receivable, net 76,019
Balance sheet | ||||||
December 28, 2019 | December 29, 2018 | |||||
Assets | ||||||
Current assets: | ||||||
Cash and cash equivalents | $621,152 | 517,594 | ||||
Restricted cash | 85,644 | 79,008 | ||||
Accounts receivable, net | 76,019 | 75,963 | ||||
Notes and other receivables, net | 57,174 | 64,412 | ||||
Prepaid income taxes | 16,701 | 27,005 | ||||
Prepaid expenses and other current assets | 50,611 | 49,491 | ||||
Total current assets | 907,301 | 813,473 | ||||
Property, equipment, and software, net | 223,120 | 209,202 | ||||
Operating lease assets | 371,264 | |||||
Equity method investments | 154,812 | 146,395 | ||||
Goodwill | 888,286 | 888,265 | ||||
Other intangible assets, net | 1,302,721 | 1,334,767 | ||||
Other assets | 72,520 | 64,479 | ||||
Total assets | $3,920,024 | 3,456,581 | ||||
Liabilities and Stockholders Deficit | ||||||
Current liabilities: | ||||||
Current portion of long-term debt | $31,150 | 31,650 | ||||
Operating lease liabilities | 35,863 | |||||
Accounts payable | 89,413 | 80,037 | ||||
Deferred revenue | 39,950 | 38,541 | ||||
Other current liabilities | 386,050 | 389,353 | ||||
Total current liabilities | 582,426 | 539,581 | ||||
Long-term debt, net | 3,004,216 | 3,010,626 | ||||
Operating lease liabilities | 380,647 | |||||
Deferred revenue | 324,854 | 331,980 | ||||
Deferred income taxes, net | 197,673 | 204,027 | ||||
Other long-term liabilities | 18,218 | 83,164 | ||||
Total long-term liabilities | 3,925,608 | 3,629,797 | ||||
Commitments and contingencies (note 16) | ||||||
Stockholders deficit: | ||||||
Preferred stock, $0.001 par value; 25,000,000 shares authorized; no shares issued and outstanding | ||||||
Common stock, $0.001 par value; 475,000,000 shares authorized; 82,835,830 shares issued and 82,834,830 shares outstanding at December 28, 2019; 82,587,373 shares issued and 82,560,596 shares outstanding at December 29, 2018 | 83 | 82 | ||||
Additional paid-in capital | 561,345 | 642,017 | ||||
Treasury stock, at cost; 1,000 shares and 26,777 shares at December 28, 2019 and December 29, 2018, respectively | -64 | -1,060 | ||||
Accumulated deficit | -1,129,565 | -1,338,709 | ||||
Accumulated other comprehensive loss | -19,809 | -15,127 | ||||
Total stockholders deficit | -588,010 | -712,797 | ||||
Total liabilities and stockholders deficit | $3,920,024 | 3,456,581 |
Consolidated Income Statement | ||||||||||
Fiscal year ended | ||||||||||
December 28, 2019 | December 29, 2018 | December 30, 2017 | ||||||||
Cash flows from operating activities: | ||||||||||
Net income | $1,370,227 | 229,906 | 271,209 | |||||||
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||
Depreciation and amortization | 42,378 | 45,031 | 45,239 | |||||||
Amortization of debt issuance costs | 4,977 | 5,019 | 6,179 | |||||||
Loss on debt extinguishment and refinancing transactions | 13,076 | 6,996 | ||||||||
Deferred income taxes | -6,257 | -9,897 | -121,247 | |||||||
Provision for bad debt | 2,862 | 631 | 457 | |||||||
Share-based compensation expense | 14,042 | 14,879 | 14,926 | |||||||
Net income of equity method investments | -17,517 | -14,903 | -15,198 | |||||||
Dividends received from equity method investments | 4,367 | 4,509 | 4,711 | |||||||
Other, net | -714 | 2,791 | -1,767 | |||||||
Change in operating assets and liabilities: | ||||||||||
Accounts, notes, and other receivables, net | 4,392 | -19,776 | -18,496 | |||||||
Prepaid income taxes, net | 10,408 | -4,996 | -2,441 | |||||||
Prepaid expenses and other current assets | -5,677 | -1,561 | -6,481 | |||||||
Accounts payable | 7,735 | 26,974 | 5,066 | |||||||
Other current liabilities | -3,407 | 34,144 | 30,031 | |||||||
Deferred revenue | -5,743 | -41,071 | 59,606 | |||||||
Other, net | -9,212 | -2,725 | 4,567 | |||||||
Net cash provided by operating activities | 297,734 | 268,955 | 283,357 | |||||||
Cash flows from investing activities: | ||||||||||
Additions to property, equipment, and software | -36,762 | -51,855 | -21,055 | |||||||
Other, net | 1,270 | 20 | 752 | |||||||
Net cash used in investing activities | -35,492 | -51,835 | -20,303 |
1. Using the information above find Cost of Goods sold, Net credit sales, Average AR, Receivables turnover ratio, and inventory turnover ratio for 2019 and 2018.
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