How has the Coronavirus pandemic affected the liquidity position for Chipolte Mexican Grill, Inc. as of June 30th, 2020?

answer needs to be supported by using horizontal trend analysis focused on the current ratio, the cash amount reported on the balance sheet, and the amount of cash provided by operating activities reported on the statement of cash flows.

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Unless you need to edit, it's safer to stay in Share Protected View Enable Edit A1 CHIPOTLE MEXICAN GRILL INC G H 1 B C DE F 1 CHIPOTLE MEXICAN GRILL INC 2 CONSOLIDATED BALANCE SHEETS 3 (in thousands) 4 December 31, 5 2019 2018 6 Assets 7 Current assets: 8 Cash and cash equivalents $ 480,626 $ 249,953 9 Accounts receivable, net 80,545 62,312 10 Inventory 26,096 21,555 11 Prepaid expenses and other current assets 57,076 54,129 12 Income tax receivable 27,705 13 Investments 400,156 426,845 14 Total current assets 1,072,204 814,794 15 Leasehold improvements, property and equipment, net 1,458,690 1,379,254 16 Restricted cash 27,855 30,199 17 Operating lease assets 2,505,466 18 Other assets 18,450 19,332 19 Goodwill 21,939 21,939 20 20 Total assets $ 5,104,604 $ 2,265,518 21 22 Liabilities and shareholders' equity 23 Current liabilities: 24 Accounts payable $ 115,816 $ 113,071 25 Accrued payroll and benefits 126,600 113,467 26 Accrued liabilities 155,843 147,849 27 Unearned revenue 95,195 70,474 28 Current operating lease liabilities 173,139 29 Income tax payable 5,129 30 Total current liabilities 666,593 449,990 31 Commitments and contingencies 32 Deferred rent 330,985 33 Long-term operating lease liabilities 2,678,374 34 Deferred income tax liabilities 37,814 11,566 35 Other liabilities 38,797 31,638 36 Total liabilities 3,421,578 824,179 37 Shareholders' equity: 38 Preferred stock, $0.01 par value 39 Common stock, $0.01 par value 363 360 40 Additional paid-in capital 1,465,697 1,374,154 41 Treasury stock, at cost 42 Accumulated other comprehensive loss (5,363) (6,236) 43 Retained earnings 2.921,448 2,573,617 44 Total shareholders' equity 1,683,026 1,441,339 45 Total liabilities and shareholders' equity $ 5,104,604 $ 2,265,518 46 48 49 50 51 52 53 54 56 AutoSave OH 2.1 Chipot... - Carmen Straughn File Share Comments Home Insert Draw Page Layout Formulas Data Review View Help PROTECTED VIEW Be careful--files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View O Enable Editing A1 fx CHIPOTLE MEXICAN GRILL INC K A B DE F G H H 1 1 1 CHIPOTLE MEXICAN GRILL INC 2 CONSOLIDATED INCOME STATEMENTS 3 (in thousands) 4 Year ended December 31, 5 2019 2018 2017 6 Revenue $ 5,586,369 $ 4,864,985 $ 4,476,412 7 Restaurant operating costs: 8 Food, beverage and packaging 1,847,916 1,600,760 1,535,428 9 Labor 1,472,060 1,326,079 1,205,992 10 Occupancy 363,072 347,123 327,132 11 Other operating costs 760,831 680,031 651,644 12 General and administrative expenses 451,552 375,460 296,388 13 Depreciation and amortization 212,778 201,979 163,348 14 Pre-opening costs 11,108 8,546 12,341 15 Impairment, closure costs, and asset disposals 23,094 66,639 16 Total operating expenses 5,142,411 4,606,617 4,205,618 17 Income from operations 443,958 258,368 270,794 18 Interest and other income, net 14,327 10,068 4,949 19 Income before income taxes 458,285 268,436 275,743 20 Provision for income taxes (108,127) (91,883) (99,490) 21 Net income S 350,158 $ 176,553 S 176,253 22 23 13,345 24 25 26 27 28 29 30 31 32 34 35 36 37 38 39 40 42 44 45 46 47 48 49 50 51 52 54 55 AutoSave On 2.1 Chipot... - Carmen Straughn 22 File Home Insert Draw Page Layout Formulas Data Review View Help PROTECTED VIEW Be careful-files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View $ Share w Comments Enable Editing A1 fo CHIPOTLE MEXICAN GRILL INC B DE F G H 1 2 K A 1 CHIPOTLE MEXICAN GRILL INC 2 CONSOLIDATED STATEMENTS OF CASH FLOWS 3 in thousands) 4 Year ended December 31, 2018 2019 2017 350,158 $ 176,553 S 176,253 201,979 163,348 212,778 163,952 29,962 15,402 33 91,396 (10,592) 10,585 61,987 125 69,164 12,918) (18,026) 13,345 214 65,255 (218) 5 6 Operating activities 7 Net Income S 8 Adjustments to reconcile net income to net cash provided by operating activities: 9 Depreciation and amortization 10 Amortization of operating lease assets 11 Deferred income tax (benefit) provision 12 Impairment, closure costs, and asset disposals 13 Bad debt allowance 14 Stock-based compensation expense 15 Other 16 Changes in operating assets and liabilities: 17 Accounts receivable 18 Inventory 19 Prepaid expenses and other current assets 20 Other assets 21 Accounts payable 22 Accrued payroll and benefits 23 Accrued liabilities 24 Unearned revenue 25 Income tax payable/receivable 26 Deferred rent 27 Operating lease liabilities 28 Other long-term liabilities 29 Net cash provided by operating activities BO 31 Investing activities 32 Purchases of leasehold improvements, property and equipment 33 Purchases of investments 34 Maturities of investments 35 Proceeds from sale of equipment 36 Net cash used in investing activities 37 38 Financing activities 39 Acquisition of treasury stock 40 Tax withholding on stock-based compensation awards 41 Stock plan transactions and other financing activities 42 Net cash used in financing activities 12,630) (4,530) (23,066) 2,818 1973) 11,759 36,543 30,400 132,083) (8,298) (1,722) (3,811) 12,005) 32,080 29,568 14,831 6,829 14,439 21,297 (140) 15,250) (6.710) 1,476) 10,908 6,188 28,179 4,207 (4,173) 29,996 151,557) 1,862 721,632 869 621,552 6,316 468,216 (339,912) (418,754) 476,723 13,969 [291,974) ) (287,390) (485,188) 385,000 (216,777) 199,801) 330,000 (387,5/8) (86,578) (190,6171 (10,420) 1698) (201,735) ( (160,937) (5,411) (187) (166,585) (285,218) 702) 26 (285,894) 406 228,379 (1.457) ) 65,982 2.056 97,800 44 Effect of exchange rate changes on cash, cash equivalents and restricted cash 45 Net change in cash, cash equivalents, and restricted cash 46 47 Cash, cash equivalents, and restricted cash at beginning of period 48 49 Cash, cash equivalents, and restricted cash at end of period 280,152 214,170 116,370 $ 508,481 $ 280,152 S $ 214,170 51 52 54 55 57 58 4 AutoSave Of B 2.2 Chipot... - Carmen Straughn 18 Share File Home Insert Draw Page Layout Formulas Data Review View Help O PROTECTED VIEW Be careful--files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View Enable Editing A1 fr CHIPOTLE MEXICAN GRILL INC D E F G H - A B 1 CHIPOTLE MEXICAN GRILL INC 2 CONSOLIDATED BALANCE SHEETS 3 (in thousands) 4 5 June 30, 2020 Assets 7 Current assets: 8 Cash and cash equivalents S 605,622 9 Accounts receivable, net 68,006 10 Inventory 24,178 11 Prepaid expenses and other current assets 53,656 12 Income tax receivable 97,840 13 Investments 301,041 14 Total current assets 1,150,343 15 Leasehold improvements, property and equipment, net 1,498,018 16 Restricted cash 27,979 17 Operating lease assets 2,634,165 18 Other assets 37,655 19 Goodwill 21,939 20 Total assets $ 5,370,129 21 22 24 Liabilities and shareholders' equity 23 Current liabilities: 24 Accounts payable S 160,523 25 Accrued payroll and benefits 130,306 26 Accrued liabilities 146,229 27 Unearned revenue 88,924 28 Current operating lease liabilities 197,196 29 Total current liabilities 723,178 30 Commitments and contingencies 31 Long term operating lease liabilities 2,809,178 32 Deferred income tax liabilities 96,502 33 Other liabilities 36,775 34 Total liabilities 3,665,633 35 Shareholders' equity: 36 Preferred stock, S0.01 par value 37 Common stock, S0.01 par value 367 38 Additional paid-in capital 1,506,785 39 Treasury stock, at cost 40 Accumulated other comprehensive loss (6,149) 41 Retained earnings 3,004,960 42 Total shareholders' equity 1,704,496 43 Total liabilities and shareholders' equity $ 5,370,129 44 45 46 47 48 50 51 52 53 54 55 56 57 58 59 60 61 Chipol Mexican Balance Sheet Income Stateme AutoSave Of B 22 Chipot... - Carmen Straughn 21 File Home Review View Help O PROTECTED VIEW Be careful files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Share Insert Draw Page Layout Formulas Data Protected View Enable Editing A1 CHIPOTLE MEXICAN GRILL INC G H 1 B DE F CHIPOTLE MEXICAN GRILL INC CONSOLIDATED INCOME STATEMENTS 3 (in thousands) 4 Six months ended June 30, 5 2020 2019 6 Revenue $ 2,775,510 $ 2,742,448 7 Restaurant operating costs: 8 Food, beverage and packaging 917,055 904,651 9 Labor 778,831 716,895 10 Occupancy 190,855 178,693 11 Other operating costs 473,140 368,052 12 General and administrative expenses 209,117 13 Depreciation and amortization 118,398 105,423 14 Pre-opening costs 7,210 3,058 15 Impairment, closure costs, and asset disposals 14,722 11,429 16 Total operating expenses 2,709,328 2,512,267 17 Income (loss) from operations 66,182 230,181 18 Interest and other income, net 3,366 7,076 19 Income (loss) before income taxes 69,548 237,257 20 Benefit (provision) for income taxes 15,015 (58,097) 21 Net income S 84,563 $ 179,160 22 23 24 224,066 25 26 27 28 29 30 31 32 34 35 36 37 38 39 40 41 44 45 46 43 49 51 52 53 54 55 Be careful-Hiles from the Internet can contain viruses. Unless you need to edit, it's safer to stay in PROTECTED VIEW Protected View Enable Editing A1 CHIPOTLE MEXICAN GRILL INC B D E F 1 CHIPOTLE MEXICAN GRILL INC 2 CONSOUDATED STATEMENTS OF CASH FLOWS 3 (in thousands) 4 S Six months ended June 30, 6 2020 2019 7 Operating activities 8 Net income $ 84,563 $ 179,160 9 Adjustments to reconcile net income to net cash provided by operating activities: 10 Depreciation and amortization 118,398 105,423 11 Amortization of operating lease assets 88,139 77.438 12 Deferred income tax provision 55,122 (6,349) 13 Impairment, closure costs, and asset disposals 13,747 4,944 14 Provision for credit losses 82 85 15 Stock based compensation expense 40,762 40,321 16 Other 1,670 (2,588) 17 Changes in operating assets and liabilities: 18 Accounts receivable 22,598 18,275 19 Inventory 2,029 421 20 Prepaid expenses and other current assets (6,250) (13,617) 21 Other assets (8,574) 2,907 22 Accounts payable 40,530 (10,319) 23 Accrued payroll and benefits 3,264 (16,526) 24 Accrued liabilities 18,120) 7,659 25 Unearned revenue 14,027) 18,681) 26 Income tax payable/receivable 170,119 (4,593) 27 Operating lease liabilities (69.468) (74,346) 28 Other long term liabilities 587 901 29 Net cash provided by operating activities 304,933 300,515 301 31 Investing activities 32 Purchases of leasehold improvements, property and equipment (165,455) (142,0022 33 Purchases of investments (101,104) (208,253) 34 Maturities of investments 198,578 220,000 35 Acquisitions of equity method investments 12.525) 36 Net cash used in investing activities (75,506) (190,255) 37 38 Financing activities 39 Acquisition of treasury stock (54,401) (111,542) 40 Tax withholding on stock based compensation awards 447,947) (10,398) (1,855) 41 Other financing activities (510) 42 Net cash used in financing activities (104,203) (122,450) 43 (104) 125,120 48,304 44 Effect of exchange rate changes on cash, cash equivalents and restricted cash 45 Net change in cash, cash equivalents, and restricted cash 46 47 Cash, cash equivalents, and restricted cash at beginning of period 508,481 280,152 49 Cash, cash equivalents, and restricted cash at end of period $ 633,601 $ 328,456 52 53 54 55 56 58