Reading and Interpreting Chipotle's Financial Statements Refer to the financial statements for Chipotle and answer the following questions. Enter all amounts in thousands as shown in Chipotle's financial statements. 1. What was the company's net income for 2014? $ 2. State Chipotle's financial position on December 31, 2014, in terms of the accounting equation. Assets = Liabilities + Owners' Equity + $ 3. By what amount did property and equipment, net, increase during 2014? $ For the years ended December 31 2013 2012 2011 2014 2010 Statement of Income: Revenue Food, beverage and packaging costs Labor costs Occupancy costs Other operating costs General and administrative expenses Depreciation and amortization Pre-opening costs Loss on disposal of assets Total operating expenses Income from operations Interest and other income (expense), net Income before income taxes Provision for income taxes Net income Earnings per share Basic Diluted Weighted average common shares outstanding Basic Diluted $ 4,108,269 1,420,994 904,407 230,868 434,244 273,897 110,474 15,609 6,976 3,397,469 710,800 3,503 714,303 (268,929) $ 445,374 $ 3,214,591 1,073,514 739,800 199,107 347,401 203,733 96,054 15,511 6,751 2,681,871 532,720 1,751 534,471 (207,033) $ 327,438 $ 2,731,224 891,003 641,836 171,435 286,610 183,409 84,130 11,909 5,027 2,275,359 455,865 1,820 457,685 (179,685) $ 278,000 $ 2,269,548 738,720 543,119 147,274 251,208 149,426 74,938 8,495 5,806 1,918,986 350,562 (857) 349,705 (134,760) $ 214,945 $ 1,835,922 561,107 453,573 128,933 202,904 118,590 68,921 7,767 6,296 1,548,091 287,831 1,230 289,061 (110,080) $ 178,981 $ $ $ $ 14.35 14.13 10.58 10.47 $ $ 8.82 8.75 6.89 6.76 $ $ 5.73 5.64 A $ 31,038 31,512 30,957 31,281 31,217 31,775 31,234 31,735 31,513 31,783 As of December 31 2012 2014 2013 2011 2010 Balance Sheet Data: Total current assets Total assets Total current liabilities Total liabilities Total shareholders' equity $ 878,479 $ 2,546,285 $ 245,710 $ 533,916 $ 2,012,369 $ 666,307 $ 2,009,280 $ 199,228 $ 470,992 $ 1,538,288 $ 546,607 $ 1,668,667 $ 186,852 $ 422,741 $ 1,245,926 $ 501,192 $ 1,425,308 $ 157,453 $ 381,082 $ 1,044,226 $ 406,221 $ 1,121,605 $ 123,054 $ 310,732 $ 810,873