plzz help Make sure to fill in all cells that take an entry In the appropriate empty cells enter the amount $ or percentage See attached financials of Darden and Cheesecake Factory from which to pull the numbers state numbers to the nearest tenth for s (e g 12 3 ) and use the format (millions or thousands) as appropriate for the $(e g $1234 5) Darden 2018 or may 2018 (millions) Vertical Analysis Cheesecake 2018 or Jan 2019 (thousands) Vertical Analysis Sales revenue 8,080,1 $2 332 3 Cost of sales $2,303 1 Total assets 5,469 6 Total liabilities 3,274 8 Cash 146 9 $26,578 0 Inventory $205 3 Debt (borrowings $926 5 $10 0 Equity 2,194 8 Gross Profit 5,777 $99,035 0 Net Income $596 0 (earnings) Common Stock 123 5 outstanding Liabilities and $$5,469 6 Equity 96 6 $1,314,133 DARDEN RESTAURANTS, INC CONSOLIDATED STATEMENTS OF EARNINGS (In millions, except per share data) May 27, 2018 May 28, 2017 May 29, 2016 S 8,080,1 S 7 170 25 6,933 3 2,303,1 2,614,5 1,4171 252 3 19 8 313,1 3 1 7,313 3 S 766,8 161 1 605 7 1 9 603 8 5 2,070 3 2,269 3 1,265 2 219 7 387 7 272 9 (8 4) 6,492 7 $ 677 5 40 2 6373 154 8 482 55 2,039 7 2,189 2 1,163 5 238,0 384 9 290 2 5 8 6,311 3 622 2 172 5 449 7 90,0 S S 159 7 Sales Costs and expenses Food and beverage FB Restaurant lobos Restaurant experises Marketing expenses General and administrative expenses Depreciation and arrativation Impairments and disposal ol'assels, net Total operating costs and expenses Operating income Internet Earnings before income taxes Income tax expense Earnings from continulog operations Exspings Noss) from discontinued operations, net of thexpense Neno) of 4 8), Sih) and respectively Neares Basic act caming per share Earnings from continuing operations Earnings (loss) fiom discontinued operations Net earnings Diluted nel camins per shure Fanings from continuing operations Warnings (lass) lion discontinued operations Neturings Average number of common shares outstanding Basic Diluted Dividends declared per common share (34) 4795 15 3 3732 26,0 s $ 2 82 4 87 S (0 06) 4 8 S 2 85 (0 03) 3 89 $ 0 12 2 94 $ $ 4 79 S (0 06 4 73S 3 83 $ (0 03 3 80 $ 2 78 0 12 2 90 $ 124,0 126,0 2 52 S 1243 126 0 2 24 S 127 4 129,3 2 10 S See accompanying notes to consolidated financial statements DARDEN RESTAURANTS, INC CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (in millions) May 27, 2018 May 28, 2017 May 29, 2016 596 1) $ 479 1 $ 375 0 (0 9) 0 5 0 5 (0 1) Net carnings Other comprehensive income (loss) Foreign currency adjustment Change in fale value of marketable socuritics, net of taxes of $0 0, 80 0 and $0 ), respectively Change in fal value of derivatives and amortization of unrecognized gains and losses on derivatives, nct of taxes of $0 0, 50 3 and 14 3, respectively Net amortizod gnia (loss) arising during period, including amortization of unrecognized net actuarial loss, niet of taxes of $(0 7), S11 9 und (16 0), respectively Reclassification of tax effect Other comprehensive income (loss) Totul comprehensive Income 4 1 23 0 19 3 (239) S S (15,6) (22 3) 573 7 24 1 S S03 2 0 41 374,6 See axmpanying noles to consolidated financial statements, DARDEN RESTAURANTS, INC CONSOLIDATED BALANCE STIEETS (In millions) May 27, 2018 May 28, 2017 S 146 95 83 7 203 3 15 9 89 9 113 55365 2,429 8 1,183 7 950 8 331 7 3,469 65 233 1 75 9 178 9 6 2 80 6 13 2 5879 2,2723 1,2017 950 2 280 2 3,292 3 S s S ASSETS Current assos Casliandesah equivalents Receivables, net Inventories Prepnid income taxes Prepaid expenses and other current Assets held for sale Total current assets Land, buildings and equipment, net Goodwill Trademarks Otharassels Total assets LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Accounts payable Accrued payroll Accrued income taxes Other accrued taxes Unearned revenues Other current liabilities Tocal current liabilities Long term dobit Deferred Income taxes Deferred rent Other abilities Total Liabilities Stockholders' equity Common stock and surplus, no par value Authorized 500 0 shares issued 124 8 and 126,7 sharos, respectively, cutstanding 123 5 and 125 4 shares, respectively Preferred stock, no par value Authorized 25 0 shares, none issued and outstanding Retained earnings Treasury stock, 1 3 and 1 3 shares, al cost, respectively Accumulated other comprehensive income (logs) Uncarned compensation Total stockholders' equity Total liabilities and stockholders' equity See accompanying notesta consolidated financial statements 249 5 149 1 1 9 54 2 3886 277 0 $ 177 5 S6 6 415 8 457 6 1,384 5$ 926 5 114 318 0 531 8 4499 S 1,2892 9366 1456 282 8 536 4 3,190 6 S 3,274 8 5 1 631 9 1 6146 657 6 (7 8) (85 2) 560 1 (7 8) (62 91 12 3) 2,101 7 5 292 1 S S 2,194 8 S 5 469 6 S DARDEN RESTAURANTS, INC CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (In millions, except per share data) Comme Accumulated Stock Other Total And Retained Treasury Comprehensive Uneamed Stockholders' Surplus Earnings Sinck Income (L ) Compensation Equity Balances at May 31, 2015 3 1,405 9 $ 1,126,0 $ (7 8) (86 11) (4 0) 2 133 3 Net emines 375 0 375 00 Other precisive income (0 4) ( Dividuais declared (52 10 per sharo) (268 2) (268 2) Stock option exercises (2 4shares) 944 94 4 Stock lased compensation 14 9 14,9 Income tax benelits credited to quity 17 5 17 5 Repurchases of common stock (3 0 shares) (34 91 (149 99 (184 8) Issuance of stock under Employee Stock Purchase Plan and other plans (0 2 shares) 48 0 1 4,9 Separation of Four Comers Property Trust (435 4) (435 4) Other 0 6 0 6 Halantees May 29, 2016 $ 1,5026 $ 5475 (7 8) (87 0) S ( (3 3) S 1,952 0 Netentes 479 4291 Other comprehensive income 24 1 24 1 Dividends declared ($2 24 persuare) 12796) (279 6) Stock option exercise (2 7 shares) 1078 107 8 Stock based composition 15 6 15 6 Income tax benefits edited to equity 272 27 2 keuries of common stock (3 7 shares) 143 2) (1865) (230 2) Issuance of stock under Employee Stock Purchase Ples and other plans (0 2 shares) 3 1 11 2 Other (0 4) 0,8 04 Balanges at May 28, 2017 $1,611 6 560 15 (7 8) 8 1629) S (2 3) S 2,101 7 Netountings 5940 596 0 Other comprehensive income (223) (22 3) Dividends declared ($2 52 perc) 1315,3) (315 31 Stuck option exercises (0 8) 32 0 32 0 Sinde based compensation 22 7 22 7 Repurchases of common stock (2 8shares) (36 0) (1988) (2348) Issurece of sock under Employee Stock Purchase Plan and other plus (0 1 shares) 5 7 0 1 58 Other (7 1) 15 6 9 0 Balances at May 27, 2018 5 1,631 9 $ 657 6 S 17 81 S 85 21 $ (17) S 2,194 8 Sescomptying notes to consolidated financial semes DARDEN RESTAURANTS, INC CONSOLIDATED STATEMENTS OF CASH FLOWS in millions Fiscal Your Haided May 28, 2017 My 27, 2018 May 29, 2016 $ 5960 S 7 8 479 1 S 3 4 373 0 (153) 313 1 3 4 1 6 12 5 18 0) 272 9 (8 4) 1 0 10 7 112 6 (1 6) (10 3) (22 9) 32 9 (5 0) ) 290 2 3 8 3 6 37 3 13 2 (26 5) 3 3 (10 8) 23 8 5 3 106 8 (11 21 ) (20 6) 36 14,6 102 2 3 5 1,01955 21 9 916 35 5 820,4 (293 0) (228 3) 325 2 Cash flows Uporating activities Nec earnings (Earnings) losses from discontinue rationis, net oftax Adjustments to reconcile net earnings floem continuing operations to cash ficas Depreciation and mortization Impairments and disposal of assets net Amortization of loan costs and as on interest rate related derivatives Sluck solution expone Change in current mises and liabilities Coenibutions to pension and extretirement plus Change in cash sur Yalik of trus o lily instanca Delored inimese Clunge in deferred rent Change in the abilities Luss un extinguistumas of debt Othernet Natchat provided by operating activities of actionice operations Cashows inesting activos Purchases of land, buildings and equipment Proceeds from dipal of Ind, buildings and equipment Cisl used in business exuisitions, idol cas acquired Purchase of capitalized softwe and other assets Othernet Na cash provided by used in) investing activities of continuing uperations Cash flows financing activities Proceeds from lamance of common stod Inese is bunele craiced to suity l Special cash distribution from Four Corsers Property Trust Dividends paid Repurchase of cook Proeuds from issuance of suri term debt Repayments of short term deht Repaymeans of long term bi Pris from issuance of long term dobt Principal payments on capital and financing leases Pinces from financing lense obligation Oil, Nel cash pruvided by usred) in financing activities of continuing perutions Cash flow discontinued operations Net ested in operating civilis ol' discontinual operations Net cash provided by investing activities of discontinued operations Net cand in discontinued rentions Decrease in cash and cash quivalents Cash and cash oquivalents beginning of year Cash and cash equivalents And of your 13960) 33 (404) (22 8) 48 (45) S (764 41 (253) 4 7 (1,069 315 (23 5) 1,8 75 4 5 378 113 1 272 99 3 17 5 315 0 (2682) (184 83 (213 5) (2348) ) 900 0 (279 1) (2302) (1,0955 (408 2) 300 0 (5 4) 134 500 0 12 99 5 7 23 0) (12 5) (6 11 ) S 0 6 11,120 81 $ 62 4) $ (18 5) 1 2 (18 3) S (86 2) 233 1 146,9 s 118 3) 0 8 (17 5) S 141 7) 274 8 293 1 S S (361) 126L 1) 535 9 274 8 $ DARDEN RESTAURANTS, INC CONSOLIDATED STATEMENTS OF CASH FLOWS (Continued) (In millions) Fiscal Year Ended May 28, 2017 May 27, 2018 May 29, 2016 $ Cash flows from changes in current assets and liabilities Receivables, net Inventories Prepaid expenses and other current assets Accounts payable Accrued payroll Prepaid accrued income taxes Other accrued taxes Unearned revenues Other current liabilities Change in current assets and liabilities (7 2) $ (266) (12 5) 12 6 25 9 (9 9) 1 6 33 5 (25 4) (8 0) $ (6 5) $ 5 0 (1 1) (9 0) 0 8 41 4 0 4 41 6 40 0 112 6 $ 14 0 (11 8) (10 8) 45 6 (5 9) (21 3) (1 4) 46,0 (40 7) 13 7 $ See accompanying notes to consolidated financial statements THE CHEESECAKE FACTORY INCORPORATED CONSOLIDATED BALANCE SHEETS (In thousands, except share data) January 1, 2019 January 2, 2018 ASSETS $ 26,578 $ 20,928 Current assets Cash and cash equivalents Accounts receivable Income taxes receivable Other receivables Inventories Prepaid expenses Total current assets 68,193 38,886 40,645 195,230 6,008 19,865 15,016 67,518 42,560 57,666 208,633 Property and equipment, net 913,275 935,045 Other assets Intangible assets, net Prepaid rent Investments in unconsolidated affiliates Other Total other assets 26,209 34,961 79,767 64,691 205,628 24,065 39,399 59,521 66,397 189,382 Total assets $ 1,314,133 $ 1,333,060 LIABILITIES AND STOCKHOLDERS' EQUITY $ $ 50,984 Current liabilities Accounts payable Income taxes payable Gift card liabilities Other accrued expenses Total current liabilities 49,071 712 172,336 194,381 416,500 163,951 183,016 397,951 52,123 79,697 113,095 10,000 71,659 57,216 74,761 108,627 10,000 70,975 Deferred income taxes Deferred rent liabilities Deemed landlord financing liability Long term debt Other noncurrent liabilities Commitments and contingencies (Note 11) Stockholders' equity Preferred stock, $ 01 par value, 5,000,000 shares authorized none issued Common stock, S 01 par value, 250,000,000 shares authorized 96,621,990 and 95,412,030 shares issued at January 1, 2019 and January 2, 2018, respectively Additional paid in capital Retained earnings Treasury stock, 51,791,941 and 49,534,212 shares at cost at January 1, 2019 and January 2, 2018, respectively Accumulated other comprehensive loss Total stockholders' equity 967 828,676 1,384,494 (1,642,140) (938) 571,059 954 799,862 1,345,666 (1,532,864) (88) 613,530 Total liabilities and stockholders' equity $ 1,314,133 1,333,060 See the accompanying notes to the consolidated financial statements 51 THE CHEESECAKE FACTORY INCORPORATED CONSOLIDATED STATEMENTS OF INCOME (In thousands, except per share data) 2018 2,332,331 Fiscal Year 2017 2,260,502 2016 2,275,719 $ $ $ Revenues Costs and expenses Cost of sales Labor expenses Other operating costs and expenses General and administrative expenses Depreciation and amortization expenses Impairment of assets and lease terminations Preopening costs Total costs and expenses Income from operations Loss on investments in unconsolidated affiliates Interest and other expense, net Income before income taxes Income tax provision (benefit) Net income 532,880 834,134 566,825 154,770 95,976 17,861 10,937 2,213,383 118,948 (4,754) (6,783) 107,411 8,376 99,035 519,388 777,595 552,791 141,533 92,729 10,343 13,278 2,107,657 152,845 (479) (5,900) 146,466 (10,926) 157,392 526,628 759,998 540,365 146,042 88,010 114 13,569 2,074,726 200,993 1901 (9,225) 191,768 52,274 139,494 $ $ Net income per share Basic Diluted 2 91 $ $ 2 19 2 14 $ $ 3 35 3 27 2 83 Weighted average shares outstanding Basic Diluted 45,263 46,215 46,930 48,152 47,981 49,372 Cash dividends declared per common share $ 1 24 $ 1 06 $ 0 88 See the accompanying notes to the consolidated financial statements THE CHEESECAKE FACTORY INCORPORATED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (In thousands) 2018 Fiscal Year 2017 157,392 2016 139,494 $ 99,035 $ $ Net income Other comprehensive loss Foreign currency translation adjustment Other comprehensive loss Total comprehensive income (850) (850) 98,185 (88) (88) 157,304 $ $ $ 139,494 See the accompanying notes to the consolidated financial statements THE CHEESECAKE FACTORY INCORPORATED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (In thousands) Shares of Common Stock Accumulated Other Comprehensive Loss Additional Paid in Capital Common Stock Retained Earnings Treasury Stock Total 93,127 931 $ 710,242 $ $ (1,263,422) $ 1,140,788 139,494 (42,270) 588,539 139,494 (42,270) cancellations 13,722 21,811 11 Balance, December 29, 2015 Net income Cash dividends declared Tax impact of stock options exercised, net of Stock based compensation Common stock issued under stock based compensation plans Treasury stock purchases Balance, January 3, 2017 Net income Foreign currency translation 11 13,722 21,811 1,545 16 28,362 (146,467) (1,409,889) 28,378 (146,467) 603,207 157,392 94,672 947 774,137 1,238,012 157,392 111 il adjustment (88) (49,738) (88) (49,738) 16,696 16,696 740 7 9,029 (122,975) (1,532 864 9,036 (122,975) 613,530 95,412 954 799,862 1,345,666 (88) (3,560) (3,560) Cash dividends declared Stock based compensation Common stock issued under stock based Treasury stock purchases compensation plans Balance, January 2, 2018 Cumulative effect of adopting the po pronouncement related to revenue recognition January 2, 2018, as adjusted usic Net income om Foreign currency translation adjustment Cash dividends declared Stock based compensation Common stock issued under stock based compensation plans Treasury stock purchases Balance, January 1, 2019 Balance, 95,412 954 799,862 (1,532,864) (88) 1,342 106 99,035 609,970 99,035 (850) (56,647) (850) (56,647) 20,251 554 6 20,245 656 7 8,569 (109,276) (1,642,140) 8,576 (109,276) 571,059 96,622 967 828,676 1,384,494 (938) See the accompanying notes to the consolidated financial statements THE CHEESECAKE FACTORY INCORPORATED CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands) Fiscal Year 2017 2018 2016 $ 99,035 $ 157,392 S 139,494 95,976 (5,510) 16,411 19,988 92,729 (25,180) 10,586 16,457 88,010 (1,005) 114 21,473 13,722 4,754 479 3,592 (1,473) 8,066 (916) (10,462) (1,018) 4,698 3,667 6,262 7,406 5,601 15,729 18,316 291,315 (4,233) (2,955) (7,634) (5,227) 3,771 (17,315) 28,960 238,796 (9,034) payable (2,818) 752 21,837 Cash flows from operating activities Net income Adjustments to reconcile net income to cash provided by operating activities Depreciation and amortization expenses Deferred income taxes Impairment of assets and lease terminations Stock based compensation pe Tax impact of stock options exercised, net of cancellations Loss from investments in unconsolidated affiliates Other Changes in assets and liabilities Accounts receivable Other receivables Inventories Prepaid expenses Other assets Accounts Acco taxes receivable payable Other accrued expenses Cash provided by operating activities Cash flows from investing activities Additions to property and equipment Additions to intangible assets Investments in unconsolidated affiliates Proceeds from variable life insurance contract Cash used in din investing activities Cash flows from financing activities Deemed landlord financing proceeds Deemed landlord financing payments Borrowings on credit facility Repayments on credit facility Proceeds from exercise of stock options Cash dividends paid Treasury stock purchases Cash used in financing activities Foreign currency translation adjustment Net change in cash and cash equivalents Cash and cash equivalents at beginning of period Cash and cash equivalents at end of period Income Lini ute 35,995 316,381 (102,909) (3,020) (25,000) 540 (130,389) (120,779) (1,654) (18,000) (115,821) (1,640) (42,000) (140,433) (159,461) 21,788 (5,128) 70,000 (70,000) 8,576 12 128 (4,391) 85,000 (75,000) 9,036 (49,889) (122,975) (146,091) (103) (47,831) 53,839 6,008 17,246 (3,721) 35,000 (35,000) 28,378 (42,371) (146,467) (146,935) (56,251) (109,276) (140,291) (65) 20,570 6,008 26,578 El 9,985 43,854 53,839 $ $ $ $ 8,156 10,149 6,038 17,932 $ 7,128 31,582 12,145 S $ $ 4,585 S 6,541 Supplemental disclosures Interest paid Income taxes paid Construction payable Non cash operating Settlement of sale leaseback accounting Non cash investing Settlement of landlord sale leaseback accounting Non cash financing Settlement of landlord financing obligation for sale leaseback leases Deemed landlord financing proceeds 11,863 6,824 $ S $ (18,687) 13,748 See the accompanying notes to the consolidated financial statements, Make sure to fill in all cells that take an entry In the appropriate empty cells enter the amount $ or percentage See attached financials of Darden and Cheesecake Factory from which to pull the numbers state numbers to the nearest tenth for s (e g 12 3 ) and use the format (millions or thousands) as appropriate for the $(e g $1234 5) Darden 2018 or may 2018 (millions) Vertical Analysis Cheesecake 2018 or Jan 2019 (thousands) Vertical Analysis Sales revenue 8,080,1 $2 332 3 Cost of sales $2,303 1 Total assets 5,469 6 Total liabilities 3,274 8 Cash 146 9 $26,578 0 Inventory $205 3 Debt (borrowings $926 5 $10 0 Equity 2,194 8 Gross Profit 5,777 $99,035 0 Net Income $596 0 (earnings) Common Stock 123 5 outstanding Liabilities and $$5,469 6 Equity 96 6 $1,314,133 DARDEN RESTAURANTS, INC CONSOLIDATED STATEMENTS OF EARNINGS (In millions, except per share data) May 27, 2018 May 28, 2017 May 29, 2016 S 8,080,1 S 7 170 25 6,933 3 2,303,1 2,614,5 1,4171 252 3 19 8 313,1 3 1 7,313 3 S 766,8 161 1 605 7 1 9 603 8 5 2,070 3 2,269 3 1,265 2 219 7 387 7 272 9 (8 4) 6,492 7 $ 677 5 40 2 6373 154 8 482 55 2,039 7 2,189 2 1,163 5 238,0 384 9 290 2 5 8 6,311 3 622 2 172 5 449 7 90,0 S S 159 7 Sales Costs and expenses Food and beverage FB Restaurant lobos Restaurant experises Marketing expenses General and administrative expenses Depreciation and arrativation Impairments and disposal ol'assels, net Total operating costs and expenses Operating income Internet Earnings before income taxes Income tax expense Earnings from continulog operations Exspings Noss) from discontinued operations, net of thexpense Neno) of 4 8), Sih) and respectively Neares Basic act caming per share Earnings from continuing operations Earnings (loss) fiom discontinued operations Net earnings Diluted nel camins per shure Fanings from continuing operations Warnings (lass) lion discontinued operations Neturings Average number of common shares outstanding Basic Diluted Dividends declared per common share (34) 4795 15 3 3732 26,0 s $ 2 82 4 87 S (0 06) 4 8 S 2 85 (0 03) 3 89 $ 0 12 2 94 $ $ 4 79 S (0 06 4 73S 3 83 $ (0 03 3 80 $ 2 78 0 12 2 90 $ 124,0 126,0 2 52 S 1243 126 0 2 24 S 127 4 129,3 2 10 S See accompanying notes to consolidated financial statements DARDEN RESTAURANTS, INC CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (in millions) May 27, 2018 May 28, 2017 May 29, 2016 596 1) $ 479 1 $ 375 0 (0 9) 0 5 0 5 (0 1) Net carnings Other comprehensive income (loss) Foreign currency adjustment Change in fale value of marketable socuritics, net of taxes of $0 0, 80 0 and $0 ), respectively Change in fal value of derivatives and amortization of unrecognized gains and losses on derivatives, nct of taxes of $0 0, 50 3 and 14 3, respectively Net amortizod gnia (loss) arising during period, including amortization of unrecognized net actuarial loss, niet of taxes of $(0 7), S11 9 und (16 0), respectively Reclassification of tax effect Other comprehensive income (loss) Totul comprehensive Income 4 1 23 0 19 3 (239) S S (15,6) (22 3) 573 7 24 1 S S03 2 0 41 374,6 See axmpanying noles to consolidated financial statements, DARDEN RESTAURANTS, INC CONSOLIDATED BALANCE STIEETS (In millions) May 27, 2018 May 28, 2017 S 146 95 83 7 203 3 15 9 89 9 113 55365 2,429 8 1,183 7 950 8 331 7 3,469 65 233 1 75 9 178 9 6 2 80 6 13 2 5879 2,2723 1,2017 950 2 280 2 3,292 3 S s S ASSETS Current assos Casliandesah equivalents Receivables, net Inventories Prepnid income taxes Prepaid expenses and other current Assets held for sale Total current assets Land, buildings and equipment, net Goodwill Trademarks Otharassels Total assets LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Accounts payable Accrued payroll Accrued income taxes Other accrued taxes Unearned revenues Other current liabilities Tocal current liabilities Long term dobit Deferred Income taxes Deferred rent Other abilities Total Liabilities Stockholders' equity Common stock and surplus, no par value Authorized 500 0 shares issued 124 8 and 126,7 sharos, respectively, cutstanding 123 5 and 125 4 shares, respectively Preferred stock, no par value Authorized 25 0 shares, none issued and outstanding Retained earnings Treasury stock, 1 3 and 1 3 shares, al cost, respectively Accumulated other comprehensive income (logs) Uncarned compensation Total stockholders' equity Total liabilities and stockholders' equity See accompanying notesta consolidated financial statements 249 5 149 1 1 9 54 2 3886 277 0 $ 177 5 S6 6 415 8 457 6 1,384 5$ 926 5 114 318 0 531 8 4499 S 1,2892 9366 1456 282 8 536 4 3,190 6 S 3,274 8 5 1 631 9 1 6146 657 6 (7 8) (85 2) 560 1 (7 8) (62 91 12 3) 2,101 7 5 292 1 S S 2,194 8 S 5 469 6 S DARDEN RESTAURANTS, INC CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (In millions, except per share data) Comme Accumulated Stock Other Total And Retained Treasury Comprehensive Uneamed Stockholders' Surplus Earnings Sinck Income (L ) Compensation Equity Balances at May 31, 2015 3 1,405 9 $ 1,126,0 $ (7 8) (86 11) (4 0) 2 133 3 Net emines 375 0 375 00 Other precisive income (0 4) ( Dividuais declared (52 10 per sharo) (268 2) (268 2) Stock option exercises (2 4shares) 944 94 4 Stock lased compensation 14 9 14,9 Income tax benelits credited to quity 17 5 17 5 Repurchases of common stock (3 0 shares) (34 91 (149 99 (184 8) Issuance of stock under Employee Stock Purchase Plan and other plans (0 2 shares) 48 0 1 4,9 Separation of Four Comers Property Trust (435 4) (435 4) Other 0 6 0 6 Halantees May 29, 2016 $ 1,5026 $ 5475 (7 8) (87 0) S ( (3 3) S 1,952 0 Netentes 479 4291 Other comprehensive income 24 1 24 1 Dividends declared ($2 24 persuare) 12796) (279 6) Stock option exercise (2 7 shares) 1078 107 8 Stock based composition 15 6 15 6 Income tax benefits edited to equity 272 27 2 keuries of common stock (3 7 shares) 143 2) (1865) (230 2) Issuance of stock under Employee Stock Purchase Ples and other plans (0 2 shares) 3 1 11 2 Other (0 4) 0,8 04 Balanges at May 28, 2017 $1,611 6 560 15 (7 8) 8 1629) S (2 3) S 2,101 7 Netountings 5940 596 0 Other comprehensive income (223) (22 3) Dividends declared ($2 52 perc) 1315,3) (315 31 Stuck option exercises (0 8) 32 0 32 0 Sinde based compensation 22 7 22 7 Repurchases of common stock (2 8shares) (36 0) (1988) (2348) Issurece of sock under Employee Stock Purchase Plan and other plus (0 1 shares) 5 7 0 1 58 Other (7 1) 15 6 9 0 Balances at May 27, 2018 5 1,631 9 $ 657 6 S 17 81 S 85 21 $ (17) S 2,194 8 Sescomptying notes to consolidated financial semes DARDEN RESTAURANTS, INC CONSOLIDATED STATEMENTS OF CASH FLOWS in millions Fiscal Your Haided May 28, 2017 My 27, 2018 May 29, 2016 $ 5960 S 7 8 479 1 S 3 4 373 0 (153) 313 1 3 4 1 6 12 5 18 0) 272 9 (8 4) 1 0 10 7 112 6 (1 6) (10 3) (22 9) 32 9 (5 0) ) 290 2 3 8 3 6 37 3 13 2 (26 5) 3 3 (10 8) 23 8 5 3 106 8 (11 21 ) (20 6) 36 14,6 102 2 3 5 1,01955 21 9 916 35 5 820,4 (293 0) (228 3) 325 2 Cash flows Uporating activities Nec earnings (Earnings) losses from discontinue rationis, net oftax Adjustments to reconcile net earnings floem continuing operations to cash ficas Depreciation and mortization Impairments and disposal of assets net Amortization of loan costs and as on interest rate related derivatives Sluck solution expone Change in current mises and liabilities Coenibutions to pension and extretirement plus Change in cash sur Yalik of trus o lily instanca Delored inimese Clunge in deferred rent Change in the abilities Luss un extinguistumas of debt Othernet Natchat provided by operating activities of actionice operations Cashows inesting activos Purchases of land, buildings and equipment Proceeds from dipal of Ind, buildings and equipment Cisl used in business exuisitions, idol cas acquired Purchase of capitalized softwe and other assets Othernet Na cash provided by used in) investing activities of continuing uperations Cash flows financing activities Proceeds from lamance of common stod Inese is bunele craiced to suity l Special cash distribution from Four Corsers Property Trust Dividends paid Repurchase of cook Proeuds from issuance of suri term debt Repayments of short term deht Repaymeans of long term bi Pris from issuance of long term dobt Principal payments on capital and financing leases Pinces from financing lense obligation Oil, Nel cash pruvided by usred) in financing activities of continuing perutions Cash flow discontinued operations Net ested in operating civilis ol' discontinual operations Net cash provided by investing activities of discontinued operations Net cand in discontinued rentions Decrease in cash and cash quivalents Cash and cash oquivalents beginning of year Cash and cash equivalents And of your 13960) 33 (404) (22 8) 48 (45) S (764 41 (253) 4 7 (1,069 315 (23 5) 1,8 75 4 5 378 113 1 272 99 3 17 5 315 0 (2682) (184 83 (213 5) (2348) ) 900 0 (279 1) (2302) (1,0955 (408 2) 300 0 (5 4) 134 500 0 12 99 5 7 23 0) (12 5) (6 11 ) S 0 6 11,120 81 $ 62 4) $ (18 5) 1 2 (18 3) S (86 2) 233 1 146,9 s 118 3) 0 8 (17 5) S 141 7) 274 8 293 1 S S (361) 126L 1) 535 9 274 8 $ DARDEN RESTAURANTS, INC CONSOLIDATED STATEMENTS OF CASH FLOWS (Continued) (In millions) Fiscal Year Ended May 28, 2017 May 27, 2018 May 29, 2016 $ Cash flows from changes in current assets and liabilities Receivables, net Inventories Prepaid expenses and other current assets Accounts payable Accrued payroll Prepaid accrued income taxes Other accrued taxes Unearned revenues Other current liabilities Change in current assets and liabilities (7 2) $ (266) (12 5) 12 6 25 9 (9 9) 1 6 33 5 (25 4) (8 0) $ (6 5) $ 5 0 (1 1) (9 0) 0 8 41 4 0 4 41 6 40 0 112 6 $ 14 0 (11 8) (10 8) 45 6 (5 9) (21 3) (1 4) 46,0 (40 7) 13 7 $ See accompanying notes to consolidated financial statements THE CHEESECAKE FACTORY INCORPORATED CONSOLIDATED BALANCE SHEETS (In thousands, except share data) January 1, 2019 January 2, 2018 ASSETS $ 26,578 $ 20,928 Current assets Cash and cash equivalents Accounts receivable Income taxes receivable Other receivables Inventories Prepaid expenses Total current assets 68,193 38,886 40,645 195,230 6,008 19,865 15,016 67,518 42,560 57,666 208,633 Property and equipment, net 913,275 935,045 Other assets Intangible assets, net Prepaid rent Investments in unconsolidated affiliates Other Total other assets 26,209 34,961 79,767 64,691 205,628 24,065 39,399 59,521 66,397 189,382 Total assets $ 1,314,133 $ 1,333,060 LIABILITIES AND STOCKHOLDERS' EQUITY $ $ 50,984 Current liabilities Accounts payable Income taxes payable Gift card liabilities Other accrued expenses Total current liabilities 49,071 712 172,336 194,381 416,500 163,951 183,016 397,951 52,123 79,697 113,095 10,000 71,659 57,216 74,761 108,627 10,000 70,975 Deferred income taxes Deferred rent liabilities Deemed landlord financing liability Long term debt Other noncurrent liabilities Commitments and contingencies (Note 11) Stockholders' equity Preferred stock, $ 01 par value, 5,000,000 shares authorized none issued Common stock, S 01 par value, 250,000,000 shares authorized 96,621,990 and 95,412,030 shares issued at January 1, 2019 and January 2, 2018, respectively Additional paid in capital Retained earnings Treasury stock, 51,791,941 and 49,534,212 shares at cost at January 1, 2019 and January 2, 2018, respectively Accumulated other comprehensive loss Total stockholders' equity 967 828,676 1,384,494 (1,642,140) (938) 571,059 954 799,862 1,345,666 (1,532,864) (88) 613,530 Total liabilities and stockholders' equity $ 1,314,133 1,333,060 See the accompanying notes to the consolidated financial statements 51 THE CHEESECAKE FACTORY INCORPORATED CONSOLIDATED STATEMENTS OF INCOME (In thousands, except per share data) 2018 2,332,331 Fiscal Year 2017 2,260,502 2016 2,275,719 $ $ $ Revenues Costs and expenses Cost of sales Labor expenses Other operating costs and expenses General and administrative expenses Depreciation and amortization expenses Impairment of assets and lease terminations Preopening costs Total costs and expenses Income from operations Loss on investments in unconsolidated affiliates Interest and other expense, net Income before income taxes Income tax provision (benefit) Net income 532,880 834,134 566,825 154,770 95,976 17,861 10,937 2,213,383 118,948 (4,754) (6,783) 107,411 8,376 99,035 519,388 777,595 552,791 141,533 92,729 10,343 13,278 2,107,657 152,845 (479) (5,900) 146,466 (10,926) 157,392 526,628 759,998 540,365 146,042 88,010 114 13,569 2,074,726 200,993 1901 (9,225) 191,768 52,274 139,494 $ $ Net income per share Basic Diluted 2 91 $ $ 2 19 2 14 $ $ 3 35 3 27 2 83 Weighted average shares outstanding Basic Diluted 45,263 46,215 46,930 48,152 47,981 49,372 Cash dividends declared per common share $ 1 24 $ 1 06 $ 0 88 See the accompanying notes to the consolidated financial statements THE CHEESECAKE FACTORY INCORPORATED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (In thousands) 2018 Fiscal Year 2017 157,392 2016 139,494 $ 99,035 $ $ Net income Other comprehensive loss Foreign currency translation adjustment Other comprehensive loss Total comprehensive income (850) (850) 98,185 (88) (88) 157,304 $ $ $ 139,494 See the accompanying notes to the consolidated financial statements THE CHEESECAKE FACTORY INCORPORATED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (In thousands) Shares of Common Stock Accumulated Other Comprehensive Loss Additional Paid in Capital Common Stock Retained Earnings Treasury Stock Total 93,127 931 $ 710,242 $ $ (1,263,422) $ 1,140,788 139,494 (42,270) 588,539 139,494 (42,270) cancellations 13,722 21,811 11 Balance, December 29, 2015 Net income Cash dividends declared Tax impact of stock options exercised, net of Stock based compensation Common stock issued under stock based compensation plans Treasury stock purchases Balance, January 3, 2017 Net income Foreign currency translation 11 13,722 21,811 1,545 16 28,362 (146,467) (1,409,889) 28,378 (146,467) 603,207 157,392 94,672 947 774,137 1,238,012 157,392 111 il adjustment (88) (49,738) (88) (49,738) 16,696 16,696 740 7 9,029 (122,975) (1,532 864 9,036 (122,975) 613,530 95,412 954 799,862 1,345,666 (88) (3,560) (3,560) Cash dividends declared Stock based compensation Common stock issued under stock based Treasury stock purchases compensation plans Balance, January 2, 2018 Cumulative effect of adopting the po pronouncement related to revenue recognition January 2, 2018, as adjusted usic Net income om Foreign currency translation adjustment Cash dividends declared Stock based compensation Common stock issued under stock based compensation plans Treasury stock purchases Balance, January 1, 2019 Balance, 95,412 954 799,862 (1,532,864) (88) 1,342 106 99,035 609,970 99,035 (850) (56,647) (850) (56,647) 20,251 554 6 20,245 656 7 8,569 (109,276) (1,642,140) 8,576 (109,276) 571,059 96,622 967 828,676 1,384,494 (938) See the accompanying notes to the consolidated financial statements THE CHEESECAKE FACTORY INCORPORATED CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands) Fiscal Year 2017 2018 2016 $ 99,035 $ 157,392 S 139,494 95,976 (5,510) 16,411 19,988 92,729 (25,180) 10,586 16,457 88,010 (1,005) 114 21,473 13,722 4,754 479 3,592 (1,473) 8,066 (916) (10,462) (1,018) 4,698 3,667 6,262 7,406 5,601 15,729 18,316 291,315 (4,233) (2,955) (7,634) (5,227) 3,771 (17,315) 28,960 238,796 (9,034) payable (2,818) 752 21,837 Cash flows from operating activities Net income Adjustments to reconcile net income to cash provided by operating activities Depreciation and amortization expenses Deferred income taxes Impairment of assets and lease terminations Stock based compensation pe Tax impact of stock options exercised, net of cancellations Loss from investments in unconsolidated affiliates Other Changes in assets and liabilities Accounts receivable Other receivables Inventories Prepaid expenses Other assets Accounts Acco taxes receivable payable Other accrued expenses Cash provided by operating activities Cash flows from investing activities Additions to property and equipment Additions to intangible assets Investments in unconsolidated affiliates Proceeds from variable life insurance contract Cash used in din investing activities Cash flows from financing activities Deemed landlord financing proceeds Deemed landlord financing payments Borrowings on credit facility Repayments on credit facility Proceeds from exercise of stock options Cash dividends paid Treasury stock purchases Cash used in financing activities Foreign currency translation adjustment Net change in cash and cash equivalents Cash and cash equivalents at beginning of period Cash and cash equivalents at end of period Income Lini ute 35,995 316,381 (102,909) (3,020) (25,000) 540 (130,389) (120,779) (1,654) (18,000) (115,821) (1,640) (42,000) (140,433) (159,461) 21,788 (5,128) 70,000 (70,000) 8,576 12 128 (4,391) 85,000 (75,000) 9,036 (49,889) (122,975) (146,091) (103) (47,831) 53,839 6,008 17,246 (3,721) 35,000 (35,000) 28,378 (42,371) (146,467) (146,935) (56,251) (109,276) (140,291) (65) 20,570 6,008 26,578 El 9,985 43,854 53,839 $ $ $ $ 8,156 10,149 6,038 17,932 $ 7,128 31,582 12,145 S $ $ 4,585 S 6,541 Supplemental disclosures Interest paid Income taxes paid Construction payable Non cash operating Settlement of sale leaseback accounting Non cash investing Settlement of landlord sale leaseback accounting Non cash financing Settlement of landlord financing obligation for sale leaseback leases Deemed landlord financing proceeds 11,863 6,824 $ S $ (18,687) 13,748 See the accompanying notes to the consolidated financial statements

Question

plzz help Make sure to fill in all cells that take an entry  In the appropriate empty cells enter the amount $ or percentage   See attached financials of Darden and Cheesecake Factory from which to pull the numbers  state numbers to the nearest tenth for  s (e g  12 3 ) and use the format (millions or thousands) as appropriate for the $(e g  $1234 5)  Darden 2018 or may 2018 (millions) Vertical Analysis Cheesecake 2018 or Jan 2019 (thousands) Vertical Analysis Sales revenue 8,080,1 $2 332 3 Cost of sales $2,303 1 Total assets 5,469 6 Total liabilities 3,274 8 Cash 146 9 $26,578 0 Inventory $205 3 Debt (borrowings $926 5 $10 0 Equity 2,194 8 Gross Profit 5,777 $99,035 0 Net Income $596 0 (earnings) Common Stock 123 5 outstanding Liabilities and $$5,469 6 Equity 96 6 $1,314,133 DARDEN RESTAURANTS, INC  CONSOLIDATED STATEMENTS OF EARNINGS (In millions, except per share data) May 27, 2018 May 28, 2017 May 29, 2016 S 8,080,1 S 7 170 25 6,933 3 2,303,1 2,614,5 1,4171 252 3 19 8 313,1 3 1 7,313 3 S 766,8 161 1 605 7 1 9 603 8 5 2,070 3 2,269 3 1,265 2 219 7 387 7 272 9 (8 4) 6,492 7 $ 677 5 40 2 6373 154 8 482 55 2,039 7 2,189 2 1,163 5 238,0 384 9 290 2 5 8 6,311 3 622 2 172 5 449 7 90,0 S S 159 7 Sales Costs and expenses  Food and beverage FB Restaurant lobos Restaurant experises Marketing expenses General and administrative expenses Depreciation and arrativation Impairments and disposal ol'assels, net Total operating costs and expenses Operating income Internet Earnings before income taxes Income tax expense Earnings from continulog operations  Exspings Noss) from discontinued operations, net of thexpense Neno) of 4 8), Sih) and respectively Neares Basic act caming per share  Earnings from continuing operations Earnings (loss) fiom discontinued operations Net earnings Diluted nel camins per shure  Fanings from continuing operations Warnings (lass) lion discontinued operations Neturings Average number of common shares outstanding  Basic Diluted Dividends declared per common share (34) 4795 15 3 3732 26,0 s $ 2 82 4 87 S (0 06) 4 8  S 2 85 (0 03) 3 89 $ 0 12 2 94 $ $ 4 79 S (0 06 4 73S 3 83 $ (0 03 3 80 $ 2 78 0 12 2 90 $ 124,0 126,0 2 52 S 1243 126 0 2 24 S 127 4 129,3 2 10 S See accompanying notes to consolidated financial statements  DARDEN RESTAURANTS, INC  CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (in millions) May 27, 2018 May 28, 2017 May 29, 2016 596 1) $ 479 1 $ 375 0 (0 9) 0 5 0 5 (0 1) Net carnings Other comprehensive income (loss) Foreign currency adjustment Change in fale value of marketable socuritics, net of taxes of $0 0, 80 0 and $0 ), respectively Change in fal value of derivatives and amortization of unrecognized gains and losses on derivatives, nct of taxes of $0 0, 50 3 and 14 3, respectively Net amortizod gnia (loss) arising during period, including amortization of unrecognized net actuarial loss, niet of taxes of $(0 7), S11 9 und (16 0), respectively Reclassification of tax effect Other comprehensive income (loss) Totul comprehensive Income 4 1 23 0 19 3 (239) S S (15,6) (22 3) 573 7 24 1 S S03 2 0 41 374,6 See axmpanying noles to consolidated financial statements, DARDEN RESTAURANTS, INC  CONSOLIDATED BALANCE STIEETS (In millions) May 27, 2018 May 28, 2017 S 146 95 83 7 203 3 15 9 89 9 113 55365 2,429 8 1,183 7 950 8 331 7 3,469 65 233 1 75 9 178 9 6 2 80 6 13 2 5879 2,2723 1,2017 950 2 280 2 3,292 3 S s S ASSETS Current assos  Casliandesah equivalents Receivables, net Inventories Prepnid income taxes Prepaid expenses and other current Assets held for sale Total current assets Land, buildings and equipment, net Goodwill Trademarks Otharassels Total assets LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities  Accounts payable Accrued payroll Accrued income taxes Other accrued taxes Unearned revenues Other current liabilities Tocal current liabilities Long term dobit Deferred Income taxes Deferred rent Other abilities Total Liabilities Stockholders' equity  Common stock and surplus, no par value  Authorized 500 0 shares  issued 124 8 and 126,7 sharos, respectively, cutstanding 123 5 and 125 4 shares, respectively Preferred stock, no par value  Authorized 25 0 shares, none issued and outstanding Retained earnings Treasury stock, 1 3 and 1 3 shares, al cost, respectively Accumulated other comprehensive income (logs) Uncarned compensation Total stockholders' equity Total liabilities and stockholders' equity See accompanying notesta consolidated financial statements  249 5 149 1 1 9 54 2 3886 277 0 $ 177 5   S6 6 415 8 457 6 1,384 5$ 926 5 114  318 0 531 8 4499 S 1,2892 9366 1456 282 8 536 4 3,190 6 S 3,274 8 5 1 631 9 1 6146 657 6 (7 8) (85 2) 560 1 (7 8) (62 91 12 3) 2,101 7 5 292 1 S S 2,194 8 S 5 469 6 S DARDEN RESTAURANTS, INC  CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (In millions, except per share data) Comme Accumulated Stock Other Total And Retained Treasury Comprehensive Uneamed Stockholders' Surplus Earnings Sinck Income (L ) Compensation Equity Balances at May 31, 2015 3 1,405 9 $ 1,126,0 $ (7 8) (86 11) (4 0) 2 133 3 Net emines 375 0 375 00 Other precisive income (0 4) ( Dividuais declared (52 10 per sharo) (268 2) (268 2) Stock option exercises (2 4shares) 944 94 4 Stock lased compensation 14 9 14,9 Income tax benelits credited to quity 17 5 17 5 Repurchases of common stock (3 0 shares) (34 91 (149 99 (184 8) Issuance of stock under Employee Stock Purchase Plan and other plans (0 2 shares) 48 0 1 4,9 Separation of Four Comers Property Trust (435 4)   (435 4) Other 0 6 0 6 Halantees May 29, 2016 $ 1,5026 $ 5475 (7 8) (87 0) S ( (3 3) S 1,952 0 Netentes 479 4291 Other comprehensive income 24 1 24 1 Dividends declared ($2 24 persuare) 12796) (279 6) Stock option exercise (2 7 shares) 1078 107 8 Stock based composition 15 6 15 6 Income tax benefits edited to equity 272 27 2 keuries of common stock (3 7 shares) 143 2) (1865) (230 2) Issuance of stock under Employee Stock Purchase Ples and other plans (0 2 shares) 3 1 11 2 Other (0 4) 0,8 04 Balanges at May 28, 2017 $1,611 6 560 15 (7 8) 8 1629) S (2 3) S 2,101 7 Netountings 5940 596 0 Other comprehensive income (223) (22 3) Dividends declared ($2 52 perc) 1315,3) (315 31 Stuck option exercises (0 8) 32 0 32 0 Sinde based compensation 22 7 22 7 Repurchases of common stock (2 8shares) (36 0) (1988) (2348) Issurece of sock under Employee Stock Purchase Plan and other plus (0 1 shares) 5 7 0 1 58 Other (7 1) 15 6 9 0 Balances at May 27, 2018 5 1,631 9 $ 657 6 S 17 81 S 85 21 $ (17) S 2,194 8 Sescomptying notes to consolidated financial semes  DARDEN RESTAURANTS, INC  CONSOLIDATED STATEMENTS OF CASH FLOWS in millions Fiscal Your Haided May 28, 2017 My 27, 2018 May 29, 2016 $ 5960 S 7 8 479 1 S 3 4 373 0 (153) 313 1 3 4 1 6 12 5 18 0) 272 9 (8 4) 1 0  10 7 112 6 (1 6) (10 3) (22 9) 32 9 (5 0) ) 290 2 3 8 3 6 37 3 13 2 (26 5) 3 3 (10 8) 23 8 5 3 106 8 (11 21 ) (20 6) 36 14,6 102 2 3 5 1,01955 21 9 916 35 5 820,4 (293 0) (228 3) 325 2 Cash flows   Uporating activities Nec earnings (Earnings) losses from discontinue rationis, net oftax Adjustments to reconcile net earnings floem continuing operations to cash ficas  Depreciation and mortization Impairments and disposal of assets net Amortization of loan costs and as on interest rate related derivatives Sluck solution expone Change in current mises and liabilities Coenibutions to pension and extretirement plus Change in cash sur Yalik of trus o lily instanca Delored inimese Clunge in deferred rent Change in the abilities Luss un extinguistumas  of debt Othernet Natchat provided by operating activities of actionice operations Cashows inesting activos Purchases of land, buildings and equipment Proceeds from dipal of Ind, buildings and equipment Cisl used in business exuisitions, idol cas acquired Purchase of capitalized softwe and other assets Othernet Na cash provided by used in) investing activities of continuing uperations Cash flows financing activities Proceeds from lamance of common stod Inese is bunele craiced to suity l Special cash distribution from Four Corsers Property Trust Dividends paid Repurchase of cook Proeuds from issuance of suri term debt Repayments of short term deht Repaymeans of long term bi Pris from issuance of long term dobt Principal payments on capital and financing leases Pinces from financing lense obligation Oil, Nel cash pruvided by usred) in financing activities of continuing perutions Cash flow discontinued operations Net ested in operating civilis ol' discontinual operations Net cash provided by investing activities of discontinued operations Net cand in discontinued rentions Decrease in cash and cash quivalents Cash and cash oquivalents   beginning of year Cash and cash equivalents  And of your 13960) 33 (404) (22 8) 48 (45)  S (764 41 (253) 4 7 (1,069 315 (23 5) 1,8 75 4 5 378 113 1 272 99 3 17 5 315 0 (2682) (184 83 (213 5) (2348) ) 900 0 (279 1) (2302) (1,0955 (408 2) 300 0 (5 4) 134 500 0 12 99 5 7 23 0) (12 5) (6 11 ) S 0 6 11,120 81 $ 62 4) $ (18 5) 1 2 (18 3) S (86 2) 233 1 146,9 s 118 3) 0 8 (17 5) S 141 7) 274 8 293 1 S S (361) 126L 1) 535 9 274 8 $ DARDEN RESTAURANTS, INC  CONSOLIDATED STATEMENTS OF CASH FLOWS (Continued) (In millions) Fiscal Year Ended May 28, 2017 May 27, 2018 May 29, 2016 $ Cash flows from changes in current assets and liabilities Receivables, net Inventories Prepaid expenses and other current assets Accounts payable Accrued payroll Prepaid accrued income taxes Other accrued taxes Unearned revenues Other current liabilities Change in current assets and liabilities (7 2) $ (266) (12 5) 12 6 25 9 (9 9) 1 6 33 5 (25 4) (8 0) $ (6 5) $ 5 0 (1 1) (9 0) 0 8 41 4 0 4 41 6 40 0 112 6 $ 14 0 (11 8) (10 8) 45 6 (5 9) (21 3) (1 4) 46,0 (40 7) 13 7 $ See accompanying notes to consolidated financial statements  THE CHEESECAKE FACTORY INCORPORATED CONSOLIDATED BALANCE SHEETS (In thousands, except share data) January 1, 2019 January 2, 2018 ASSETS $ 26,578 $ 20,928 Current assets  Cash and cash equivalents Accounts receivable Income taxes receivable Other receivables Inventories Prepaid expenses Total current assets 68,193 38,886 40,645 195,230 6,008 19,865 15,016 67,518 42,560 57,666 208,633 Property and equipment, net 913,275 935,045 Other assets  Intangible assets, net Prepaid rent Investments in unconsolidated affiliates Other Total other assets 26,209 34,961 79,767 64,691 205,628 24,065 39,399 59,521 66,397 189,382 Total assets $ 1,314,133 $ 1,333,060 LIABILITIES AND STOCKHOLDERS' EQUITY $ $ 50,984 Current liabilities  Accounts payable Income taxes payable Gift card liabilities Other accrued expenses Total current liabilities 49,071 712 172,336 194,381 416,500 163,951 183,016 397,951 52,123 79,697 113,095 10,000 71,659 57,216 74,761 108,627 10,000 70,975 Deferred income taxes Deferred rent liabilities Deemed landlord financing liability Long term debt Other noncurrent liabilities Commitments and contingencies (Note 11) Stockholders' equity  Preferred stock, $ 01 par value, 5,000,000 shares authorized  none issued Common stock, S 01 par value, 250,000,000 shares authorized  96,621,990 and 95,412,030 shares issued at January 1, 2019 and January 2, 2018, respectively Additional paid in capital Retained earnings Treasury stock, 51,791,941 and 49,534,212 shares at cost at January 1, 2019 and January 2, 2018, respectively Accumulated other comprehensive loss Total stockholders' equity 967 828,676 1,384,494 (1,642,140) (938) 571,059 954 799,862 1,345,666 (1,532,864) (88) 613,530 Total liabilities and stockholders' equity $ 1,314,133 1,333,060 See the accompanying notes to the consolidated financial statements  51 THE CHEESECAKE FACTORY INCORPORATED CONSOLIDATED STATEMENTS OF INCOME (In thousands, except per share data) 2018 2,332,331 Fiscal Year 2017 2,260,502 2016 2,275,719 $ $ $ Revenues Costs and expenses  Cost of sales Labor expenses Other operating costs and expenses General and administrative expenses Depreciation and amortization expenses Impairment of assets and lease terminations Preopening costs Total costs and expenses Income from operations Loss on investments in unconsolidated affiliates Interest and other expense, net Income before income taxes Income tax provision (benefit) Net income 532,880 834,134 566,825 154,770 95,976 17,861 10,937 2,213,383 118,948 (4,754) (6,783) 107,411 8,376 99,035 519,388 777,595 552,791 141,533 92,729 10,343 13,278 2,107,657 152,845 (479) (5,900) 146,466 (10,926) 157,392 526,628 759,998 540,365 146,042 88,010 114 13,569 2,074,726 200,993 1901 (9,225) 191,768 52,274 139,494 $ $ Net income per share  Basic Diluted 2 91 $ $ 2 19 2 14 $ $ 3 35 3 27 2 83 Weighted average shares outstanding  Basic Diluted 45,263 46,215 46,930 48,152 47,981 49,372 Cash dividends declared per common share $ 1 24 $ 1 06 $ 0 88 See the accompanying notes to the consolidated financial statements  THE CHEESECAKE FACTORY INCORPORATED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (In thousands) 2018 Fiscal Year 2017 157,392 2016 139,494 $ 99,035 $ $ Net income Other comprehensive loss  Foreign currency translation adjustment Other comprehensive loss Total comprehensive income (850) (850) 98,185 (88) (88) 157,304 $ $ $ 139,494 See the accompanying notes to the consolidated financial statements  THE CHEESECAKE FACTORY INCORPORATED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (In thousands) Shares of Common Stock Accumulated Other Comprehensive Loss Additional Paid in Capital Common Stock Retained Earnings Treasury Stock Total 93,127 931 $ 710,242 $ $ (1,263,422) $ 1,140,788 139,494 (42,270) 588,539 139,494 (42,270) cancellations 13,722 21,811 11 Balance, December 29, 2015 Net income Cash dividends declared Tax impact of stock options exercised, net of Stock based compensation Common stock issued under stock based compensation plans Treasury stock purchases Balance, January 3, 2017 Net income Foreign currency translation 11 13,722 21,811 1,545 16 28,362 (146,467) (1,409,889) 28,378 (146,467) 603,207 157,392   94,672 947 774,137 1,238,012 157,392 111 il adjustment (88) (49,738) (88) (49,738) 16,696 16,696 740 7 9,029 (122,975) (1,532 864 9,036 (122,975) 613,530 95,412 954 799,862 1,345,666 (88) (3,560) (3,560) Cash dividends declared Stock based compensation Common stock issued under stock based Treasury stock purchases compensation plans Balance, January 2, 2018 Cumulative effect of adopting the po pronouncement related to revenue recognition January 2, 2018, as adjusted usic Net income om Foreign currency translation adjustment Cash dividends declared Stock based compensation Common stock issued under stock based compensation plans Treasury stock purchases Balance, January 1, 2019 Balance, 95,412 954 799,862 (1,532,864) (88) 1,342 106 99,035 609,970 99,035 (850) (56,647) (850) (56,647) 20,251 554 6 20,245 656 7 8,569 (109,276) (1,642,140) 8,576 (109,276) 571,059 96,622 967 828,676 1,384,494 (938) See the accompanying notes to the consolidated financial statements  THE CHEESECAKE FACTORY INCORPORATED CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands) Fiscal Year 2017 2018 2016 $ 99,035 $ 157,392 S 139,494 95,976 (5,510) 16,411 19,988 92,729 (25,180) 10,586 16,457 88,010 (1,005) 114 21,473 13,722 4,754 479 3,592 (1,473) 8,066 (916) (10,462) (1,018) 4,698 3,667 6,262 7,406 5,601 15,729 18,316 291,315 (4,233) (2,955) (7,634) (5,227) 3,771 (17,315) 28,960 238,796 (9,034) payable (2,818) 752 21,837 Cash flows from operating activities  Net income Adjustments to reconcile net income to cash provided by operating activities  Depreciation and amortization expenses Deferred income taxes Impairment of assets and lease terminations Stock based compensation pe Tax impact of stock options exercised, net of cancellations Loss from investments in unconsolidated affiliates Other Changes in assets and liabilities  Accounts receivable Other receivables Inventories Prepaid expenses Other assets Accounts Acco taxes receivable payable Other accrued expenses Cash provided by operating activities Cash flows from investing activities  Additions to property and equipment Additions to intangible assets Investments in unconsolidated affiliates Proceeds from variable life insurance contract Cash used in din investing activities Cash flows from financing activities  Deemed landlord financing proceeds Deemed landlord financing payments Borrowings on credit facility Repayments on credit facility Proceeds from exercise of stock options Cash dividends paid Treasury stock purchases Cash used in financing activities Foreign currency translation adjustment Net change in cash and cash equivalents Cash and cash equivalents at beginning of period Cash and cash equivalents at end of period Income Lini ute 35,995 316,381 (102,909) (3,020) (25,000) 540 (130,389) (120,779) (1,654) (18,000) (115,821) (1,640) (42,000) (140,433) (159,461) 21,788 (5,128) 70,000 (70,000) 8,576 12 128 (4,391) 85,000 (75,000) 9,036 (49,889) (122,975) (146,091) (103) (47,831) 53,839 6,008 17,246 (3,721) 35,000 (35,000) 28,378 (42,371) (146,467) (146,935) (56,251) (109,276) (140,291) (65) 20,570 6,008 26,578 El 9,985 43,854 53,839 $ $ $ $ 8,156 10,149 6,038 17,932 $ 7,128 31,582 12,145 S $ $ 4,585 S 6,541 Supplemental disclosures  Interest paid Income taxes paid Construction payable Non cash operating  Settlement of sale leaseback accounting Non cash investing  Settlement of landlord sale leaseback accounting Non cash financing  Settlement of landlord financing obligation for sale leaseback leases Deemed landlord financing proceeds 11,863 6,824 $ S $ (18,687) 13,748 See the accompanying notes to the consolidated financial statements, Make sure to fill in all cells that take an entry  In the appropriate empty cells enter the amount $ or percentage   See attached financials of Darden and Cheesecake Factory from which to pull the numbers  state numbers to the nearest tenth for  s (e g  12 3 ) and use the format (millions or thousands) as appropriate for the $(e g  $1234 5)  Darden 2018 or may 2018 (millions) Vertical Analysis Cheesecake 2018 or Jan 2019 (thousands) Vertical Analysis Sales revenue 8,080,1 $2 332 3 Cost of sales $2,303 1 Total assets 5,469 6 Total liabilities 3,274 8 Cash 146 9 $26,578 0 Inventory $205 3 Debt (borrowings $926 5 $10 0 Equity 2,194 8 Gross Profit 5,777 $99,035 0 Net Income $596 0 (earnings) Common Stock 123 5 outstanding Liabilities and $$5,469 6 Equity 96 6 $1,314,133 DARDEN RESTAURANTS, INC  CONSOLIDATED STATEMENTS OF EARNINGS (In millions, except per share data) May 27, 2018 May 28, 2017 May 29, 2016 S 8,080,1 S 7 170 25 6,933 3 2,303,1 2,614,5 1,4171 252 3 19 8 313,1 3 1 7,313 3 S 766,8 161 1 605 7 1 9 603 8 5 2,070 3 2,269 3 1,265 2 219 7 387 7 272 9 (8 4) 6,492 7 $ 677 5 40 2 6373 154 8 482 55 2,039 7 2,189 2 1,163 5 238,0 384 9 290 2 5 8 6,311 3 622 2 172 5 449 7 90,0 S S 159 7 Sales Costs and expenses  Food and beverage FB Restaurant lobos Restaurant experises Marketing expenses General and administrative expenses Depreciation and arrativation Impairments and disposal ol'assels, net Total operating costs and expenses Operating income Internet Earnings before income taxes Income tax expense Earnings from continulog operations  Exspings Noss) from discontinued operations, net of thexpense Neno) of 4 8), Sih) and respectively Neares Basic act caming per share  Earnings from continuing operations Earnings (loss) fiom discontinued operations Net earnings Diluted nel camins per shure  Fanings from continuing operations Warnings (lass) lion discontinued operations Neturings Average number of common shares outstanding  Basic Diluted Dividends declared per common share (34) 4795 15 3 3732 26,0 s $ 2 82 4 87 S (0 06) 4 8  S 2 85 (0 03) 3 89 $ 0 12 2 94 $ $ 4 79 S (0 06 4 73S 3 83 $ (0 03 3 80 $ 2 78 0 12 2 90 $ 124,0 126,0 2 52 S 1243 126 0 2 24 S 127 4 129,3 2 10 S See accompanying notes to consolidated financial statements  DARDEN RESTAURANTS, INC  CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (in millions) May 27, 2018 May 28, 2017 May 29, 2016 596 1) $ 479 1 $ 375 0 (0 9) 0 5 0 5 (0 1) Net carnings Other comprehensive income (loss) Foreign currency adjustment Change in fale value of marketable socuritics, net of taxes of $0 0, 80 0 and $0 ), respectively Change in fal value of derivatives and amortization of unrecognized gains and losses on derivatives, nct of taxes of $0 0, 50 3 and 14 3, respectively Net amortizod gnia (loss) arising during period, including amortization of unrecognized net actuarial loss, niet of taxes of $(0 7), S11 9 und (16 0), respectively Reclassification of tax effect Other comprehensive income (loss) Totul comprehensive Income 4 1 23 0 19 3 (239) S S (15,6) (22 3) 573 7 24 1 S S03 2 0 41 374,6 See axmpanying noles to consolidated financial statements, DARDEN RESTAURANTS, INC  CONSOLIDATED BALANCE STIEETS (In millions) May 27, 2018 May 28, 2017 S 146 95 83 7 203 3 15 9 89 9 113 55365 2,429 8 1,183 7 950 8 331 7 3,469 65 233 1 75 9 178 9 6 2 80 6 13 2 5879 2,2723 1,2017 950 2 280 2 3,292 3 S s S ASSETS Current assos  Casliandesah equivalents Receivables, net Inventories Prepnid income taxes Prepaid expenses and other current Assets held for sale Total current assets Land, buildings and equipment, net Goodwill Trademarks Otharassels Total assets LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities  Accounts payable Accrued payroll Accrued income taxes Other accrued taxes Unearned revenues Other current liabilities Tocal current liabilities Long term dobit Deferred Income taxes Deferred rent Other abilities Total Liabilities Stockholders' equity  Common stock and surplus, no par value  Authorized 500 0 shares  issued 124 8 and 126,7 sharos, respectively, cutstanding 123 5 and 125 4 shares, respectively Preferred stock, no par value  Authorized 25 0 shares, none issued and outstanding Retained earnings Treasury stock, 1 3 and 1 3 shares, al cost, respectively Accumulated other comprehensive income (logs) Uncarned compensation Total stockholders' equity Total liabilities and stockholders' equity See accompanying notesta consolidated financial statements  249 5 149 1 1 9 54 2 3886 277 0 $ 177 5   S6 6 415 8 457 6 1,384 5$ 926 5 114  318 0 531 8 4499 S 1,2892 9366 1456 282 8 536 4 3,190 6 S 3,274 8 5 1 631 9 1 6146 657 6 (7 8) (85 2) 560 1 (7 8) (62 91 12 3) 2,101 7 5 292 1 S S 2,194 8 S 5 469 6 S DARDEN RESTAURANTS, INC  CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (In millions, except per share data) Comme Accumulated Stock Other Total And Retained Treasury Comprehensive Uneamed Stockholders' Surplus Earnings Sinck Income (L ) Compensation Equity Balances at May 31, 2015 3 1,405 9 $ 1,126,0 $ (7 8) (86 11) (4 0) 2 133 3 Net emines 375 0 375 00 Other precisive income (0 4) ( Dividuais declared (52 10 per sharo) (268 2) (268 2) Stock option exercises (2 4shares) 944 94 4 Stock lased compensation 14 9 14,9 Income tax benelits credited to quity 17 5 17 5 Repurchases of common stock (3 0 shares) (34 91 (149 99 (184 8) Issuance of stock under Employee Stock Purchase Plan and other plans (0 2 shares) 48 0 1 4,9 Separation of Four Comers Property Trust (435 4)   (435 4) Other 0 6 0 6 Halantees May 29, 2016 $ 1,5026 $ 5475 (7 8) (87 0) S ( (3 3) S 1,952 0 Netentes 479 4291 Other comprehensive income 24 1 24 1 Dividends declared ($2 24 persuare) 12796) (279 6) Stock option exercise (2 7 shares) 1078 107 8 Stock based composition 15 6 15 6 Income tax benefits edited to equity 272 27 2 keuries of common stock (3 7 shares) 143 2) (1865) (230 2) Issuance of stock under Employee Stock Purchase Ples and other plans (0 2 shares) 3 1 11 2 Other (0 4) 0,8 04 Balanges at May 28, 2017 $1,611 6 560 15 (7 8) 8 1629) S (2 3) S 2,101 7 Netountings 5940 596 0 Other comprehensive income (223) (22 3) Dividends declared ($2 52 perc) 1315,3) (315 31 Stuck option exercises (0 8) 32 0 32 0 Sinde based compensation 22 7 22 7 Repurchases of common stock (2 8shares) (36 0) (1988) (2348) Issurece of sock under Employee Stock Purchase Plan and other plus (0 1 shares) 5 7 0 1 58 Other (7 1) 15 6 9 0 Balances at May 27, 2018 5 1,631 9 $ 657 6 S 17 81 S 85 21 $ (17) S 2,194 8 Sescomptying notes to consolidated financial semes  DARDEN RESTAURANTS, INC  CONSOLIDATED STATEMENTS OF CASH FLOWS in millions Fiscal Your Haided May 28, 2017 My 27, 2018 May 29, 2016 $ 5960 S 7 8 479 1 S 3 4 373 0 (153) 313 1 3 4 1 6 12 5 18 0) 272 9 (8 4) 1 0  10 7 112 6 (1 6) (10 3) (22 9) 32 9 (5 0) ) 290 2 3 8 3 6 37 3 13 2 (26 5) 3 3 (10 8) 23 8 5 3 106 8 (11 21 ) (20 6) 36 14,6 102 2 3 5 1,01955 21 9 916 35 5 820,4 (293 0) (228 3) 325 2 Cash flows   Uporating activities Nec earnings (Earnings) losses from discontinue rationis, net oftax Adjustments to reconcile net earnings floem continuing operations to cash ficas  Depreciation and mortization Impairments and disposal of assets net Amortization of loan costs and as on interest rate related derivatives Sluck solution expone Change in current mises and liabilities Coenibutions to pension and extretirement plus Change in cash sur Yalik of trus o lily instanca Delored inimese Clunge in deferred rent Change in the abilities Luss un extinguistumas  of debt Othernet Natchat provided by operating activities of actionice operations Cashows inesting activos Purchases of land, buildings and equipment Proceeds from dipal of Ind, buildings and equipment Cisl used in business exuisitions, idol cas acquired Purchase of capitalized softwe and other assets Othernet Na cash provided by used in) investing activities of continuing uperations Cash flows financing activities Proceeds from lamance of common stod Inese is bunele craiced to suity l Special cash distribution from Four Corsers Property Trust Dividends paid Repurchase of cook Proeuds from issuance of suri term debt Repayments of short term deht Repaymeans of long term bi Pris from issuance of long term dobt Principal payments on capital and financing leases Pinces from financing lense obligation Oil, Nel cash pruvided by usred) in financing activities of continuing perutions Cash flow discontinued operations Net ested in operating civilis ol' discontinual operations Net cash provided by investing activities of discontinued operations Net cand in discontinued rentions Decrease in cash and cash quivalents Cash and cash oquivalents   beginning of year Cash and cash equivalents  And of your 13960) 33 (404) (22 8) 48 (45)  S (764 41 (253) 4 7 (1,069 315 (23 5) 1,8 75 4 5 378 113 1 272 99 3 17 5 315 0 (2682) (184 83 (213 5) (2348) ) 900 0 (279 1) (2302) (1,0955 (408 2) 300 0 (5 4) 134 500 0 12 99 5 7 23 0) (12 5) (6 11 ) S 0 6 11,120 81 $ 62 4) $ (18 5) 1 2 (18 3) S (86 2) 233 1 146,9 s 118 3) 0 8 (17 5) S 141 7) 274 8 293 1 S S (361) 126L 1) 535 9 274 8 $ DARDEN RESTAURANTS, INC  CONSOLIDATED STATEMENTS OF CASH FLOWS (Continued) (In millions) Fiscal Year Ended May 28, 2017 May 27, 2018 May 29, 2016 $ Cash flows from changes in current assets and liabilities Receivables, net Inventories Prepaid expenses and other current assets Accounts payable Accrued payroll Prepaid accrued income taxes Other accrued taxes Unearned revenues Other current liabilities Change in current assets and liabilities (7 2) $ (266) (12 5) 12 6 25 9 (9 9) 1 6 33 5 (25 4) (8 0) $ (6 5) $ 5 0 (1 1) (9 0) 0 8 41 4 0 4 41 6 40 0 112 6 $ 14 0 (11 8) (10 8) 45 6 (5 9) (21 3) (1 4) 46,0 (40 7) 13 7 $ See accompanying notes to consolidated financial statements  THE CHEESECAKE FACTORY INCORPORATED CONSOLIDATED BALANCE SHEETS (In thousands, except share data) January 1, 2019 January 2, 2018 ASSETS $ 26,578 $ 20,928 Current assets  Cash and cash equivalents Accounts receivable Income taxes receivable Other receivables Inventories Prepaid expenses Total current assets 68,193 38,886 40,645 195,230 6,008 19,865 15,016 67,518 42,560 57,666 208,633 Property and equipment, net 913,275 935,045 Other assets  Intangible assets, net Prepaid rent Investments in unconsolidated affiliates Other Total other assets 26,209 34,961 79,767 64,691 205,628 24,065 39,399 59,521 66,397 189,382 Total assets $ 1,314,133 $ 1,333,060 LIABILITIES AND STOCKHOLDERS' EQUITY $ $ 50,984 Current liabilities  Accounts payable Income taxes payable Gift card liabilities Other accrued expenses Total current liabilities 49,071 712 172,336 194,381 416,500 163,951 183,016 397,951 52,123 79,697 113,095 10,000 71,659 57,216 74,761 108,627 10,000 70,975 Deferred income taxes Deferred rent liabilities Deemed landlord financing liability Long term debt Other noncurrent liabilities Commitments and contingencies (Note 11) Stockholders' equity  Preferred stock, $ 01 par value, 5,000,000 shares authorized  none issued Common stock, S 01 par value, 250,000,000 shares authorized  96,621,990 and 95,412,030 shares issued at January 1, 2019 and January 2, 2018, respectively Additional paid in capital Retained earnings Treasury stock, 51,791,941 and 49,534,212 shares at cost at January 1, 2019 and January 2, 2018, respectively Accumulated other comprehensive loss Total stockholders' equity 967 828,676 1,384,494 (1,642,140) (938) 571,059 954 799,862 1,345,666 (1,532,864) (88) 613,530 Total liabilities and stockholders' equity $ 1,314,133 1,333,060 See the accompanying notes to the consolidated financial statements  51 THE CHEESECAKE FACTORY INCORPORATED CONSOLIDATED STATEMENTS OF INCOME (In thousands, except per share data) 2018 2,332,331 Fiscal Year 2017 2,260,502 2016 2,275,719 $ $ $ Revenues Costs and expenses  Cost of sales Labor expenses Other operating costs and expenses General and administrative expenses Depreciation and amortization expenses Impairment of assets and lease terminations Preopening costs Total costs and expenses Income from operations Loss on investments in unconsolidated affiliates Interest and other expense, net Income before income taxes Income tax provision (benefit) Net income 532,880 834,134 566,825 154,770 95,976 17,861 10,937 2,213,383 118,948 (4,754) (6,783) 107,411 8,376 99,035 519,388 777,595 552,791 141,533 92,729 10,343 13,278 2,107,657 152,845 (479) (5,900) 146,466 (10,926) 157,392 526,628 759,998 540,365 146,042 88,010 114 13,569 2,074,726 200,993 1901 (9,225) 191,768 52,274 139,494 $ $ Net income per share  Basic Diluted 2 91 $ $ 2 19 2 14 $ $ 3 35 3 27 2 83 Weighted average shares outstanding  Basic Diluted 45,263 46,215 46,930 48,152 47,981 49,372 Cash dividends declared per common share $ 1 24 $ 1 06 $ 0 88 See the accompanying notes to the consolidated financial statements  THE CHEESECAKE FACTORY INCORPORATED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (In thousands) 2018 Fiscal Year 2017 157,392 2016 139,494 $ 99,035 $ $ Net income Other comprehensive loss  Foreign currency translation adjustment Other comprehensive loss Total comprehensive income (850) (850) 98,185 (88) (88) 157,304 $ $ $ 139,494 See the accompanying notes to the consolidated financial statements  THE CHEESECAKE FACTORY INCORPORATED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (In thousands) Shares of Common Stock Accumulated Other Comprehensive Loss Additional Paid in Capital Common Stock Retained Earnings Treasury Stock Total 93,127 931 $ 710,242 $ $ (1,263,422) $ 1,140,788 139,494 (42,270) 588,539 139,494 (42,270) cancellations 13,722 21,811 11 Balance, December 29, 2015 Net income Cash dividends declared Tax impact of stock options exercised, net of Stock based compensation Common stock issued under stock based compensation plans Treasury stock purchases Balance, January 3, 2017 Net income Foreign currency translation 11 13,722 21,811 1,545 16 28,362 (146,467) (1,409,889) 28,378 (146,467) 603,207 157,392   94,672 947 774,137 1,238,012 157,392 111 il adjustment (88) (49,738) (88) (49,738) 16,696 16,696 740 7 9,029 (122,975) (1,532 864 9,036 (122,975) 613,530 95,412 954 799,862 1,345,666 (88) (3,560) (3,560) Cash dividends declared Stock based compensation Common stock issued under stock based Treasury stock purchases compensation plans Balance, January 2, 2018 Cumulative effect of adopting the po pronouncement related to revenue recognition January 2, 2018, as adjusted usic Net income om Foreign currency translation adjustment Cash dividends declared Stock based compensation Common stock issued under stock based compensation plans Treasury stock purchases Balance, January 1, 2019 Balance, 95,412 954 799,862 (1,532,864) (88) 1,342 106 99,035 609,970 99,035 (850) (56,647) (850) (56,647) 20,251 554 6 20,245 656 7 8,569 (109,276) (1,642,140) 8,576 (109,276) 571,059 96,622 967 828,676 1,384,494 (938) See the accompanying notes to the consolidated financial statements  THE CHEESECAKE FACTORY INCORPORATED CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands) Fiscal Year 2017 2018 2016 $ 99,035 $ 157,392 S 139,494 95,976 (5,510) 16,411 19,988 92,729 (25,180) 10,586 16,457 88,010 (1,005) 114 21,473 13,722 4,754 479 3,592 (1,473) 8,066 (916) (10,462) (1,018) 4,698 3,667 6,262 7,406 5,601 15,729 18,316 291,315 (4,233) (2,955) (7,634) (5,227) 3,771 (17,315) 28,960 238,796 (9,034) payable (2,818) 752 21,837 Cash flows from operating activities  Net income Adjustments to reconcile net income to cash provided by operating activities  Depreciation and amortization expenses Deferred income taxes Impairment of assets and lease terminations Stock based compensation pe Tax impact of stock options exercised, net of cancellations Loss from investments in unconsolidated affiliates Other Changes in assets and liabilities  Accounts receivable Other receivables Inventories Prepaid expenses Other assets Accounts Acco taxes receivable payable Other accrued expenses Cash provided by operating activities Cash flows from investing activities  Additions to property and equipment Additions to intangible assets Investments in unconsolidated affiliates Proceeds from variable life insurance contract Cash used in din investing activities Cash flows from financing activities  Deemed landlord financing proceeds Deemed landlord financing payments Borrowings on credit facility Repayments on credit facility Proceeds from exercise of stock options Cash dividends paid Treasury stock purchases Cash used in financing activities Foreign currency translation adjustment Net change in cash and cash equivalents Cash and cash equivalents at beginning of period Cash and cash equivalents at end of period Income Lini ute 35,995 316,381 (102,909) (3,020) (25,000) 540 (130,389) (120,779) (1,654) (18,000) (115,821) (1,640) (42,000) (140,433) (159,461) 21,788 (5,128) 70,000 (70,000) 8,576 12 128 (4,391) 85,000 (75,000) 9,036 (49,889) (122,975) (146,091) (103) (47,831) 53,839 6,008 17,246 (3,721) 35,000 (35,000) 28,378 (42,371) (146,467) (146,935) (56,251) (109,276) (140,291) (65) 20,570 6,008 26,578 El 9,985 43,854 53,839 $ $ $ $ 8,156 10,149 6,038 17,932 $ 7,128 31,582 12,145 S $ $ 4,585 S 6,541 Supplemental disclosures  Interest paid Income taxes paid Construction payable Non cash operating  Settlement of sale leaseback accounting Non cash investing  Settlement of landlord sale leaseback accounting Non cash financing  Settlement of landlord financing obligation for sale leaseback leases Deemed landlord financing proceeds 11,863 6,824 $ S $ (18,687) 13,748 See the accompanying notes to the consolidated financial statements

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