Threaded Discussions This week contains multiple discussion questions that you are required to answer: Topic One: Ratio Analysis, Common size Income Statement, IFAS and Section IV of your SA Topic Two: Thinking on Section I of your SA Topic 2: Thinking on Section I of your SA The basic starting point for Section I - Current Situation is to read the document about your case in the textbook, analyze the financial information for your firm in the 5-Year Financials excel document and read the questions for this section in Appendix 1A. Share the draft of 2 or 3 paragraphs for your chosen case. Rectangula EXHIBIT 5 Consolidated Balance Sheets: Panera Bread Company Assets Current assets Cash and cash equivalents Short-term investments Trade accounts receivable, net Other accounts receivable Inventories Prepaid expenses Deferred income taxes (Dollar amounts in thousands, except share and per share information) For the Fiscal Year Ended December 29, 2009 December 30, 2008 December 25, 2007 December 26, 2006 December 27, 2005 $ 248,400 $ 74,710 $68,242 $ 52,097 $24,451 - 2,400 23,198 20,025 38,200 17,317 15,198 25,122 19,041 18,229 11,178 9,944 11,640 11,878 6,929 12,295 11,959 11,394 8,714 7,358 16,211 14,265 5,299 12,038 5,738 18.685 9.937 7.199 3,827 3.871 Total current assets 322,084 138,413 152,124 127,618 102,774 Property and equipment, net 403,784 417,006 429,992 345,977 268,809 Other assets Goodwill 87,481 87,334 87,092 57,192 48,540 Other intangible assets, net 19,195 20,475 21,827 6,604 3,219 Long-term investments 1,726 - 10,108 Deposits and other 4,621 8,963 7,717 5,218 4,217 Total other assets Total assets Liabilities and stockholders' equity Current liabilities Accounts payable 111,297 118,498 116,636 69,014 66,084 $ 837,165 $ 673,917 $698.752 $542,609 $437,667 8,417 4,036 6,326 5,800 4,422 135,842 109,978 121,440 102,718 81,559 1,092 884 Accrued expenses Deferred revenue = Total current liabilities 142,259 Long-term debt - Deferred rent Deferred income taxes Other long-term liabilities Total liabilities Stockholders' equity Common stock, S.0001 par value: Class A, 75,000,000 shares authorized: 30,364,915 issued and 30,196,808 outstanding in 2009; 29,557,849 issued and 29,421,877 outstanding in 2008; 30,213,869 issued and 30,098,275 outstanding in 2007. Class B, 10,000,000 shares authorized; 1,392,107 issued and outstanding in 2009; 1,398,242 in 2008; 1,398,588 in 2007; 1,400,031 in 2006 and 1,400,621 in 2005. Treasury stock, carried at cost; 114,014 127,768 109,610 88,865 75,000 43,371 39,780 33,569 27,684 23,935 28,813 5,022 25,686 21,437 14,238 7,649 4.867 240,129 175,231 250,573 144,943 120,689 3 3 (3,928) (2,204) (1,188) (900) (900) Other accounts receivable 11,176 9,944 11,640 11,878 6,929 Inventories 12,295 11,959 11,394 8,714 7,358 16,211 14,285 5,299 12,038 5,736 Prepaid expenses Deferred income taxes 18,685 9.937 7.199 3.827 3.871 Total current assets 322,084 138,413 152,124 127,618 102,774 Property and equipment, net 403,784 417,006 429,992 345,977 268,809 Other assets Goodwill 87,481 87,334 87,092 57,192 48,540 Other intangible assets, net 19,195 20,475 21,827 6,604 3,219 Long-term investments 1,726 10,108 Deposits and other Total other assets Total assets Liabilities and stockholders' equity Current liabilities Accounts payable 4,821 8,963 7,717 5,218 4,217 111,297 118.498 116,636 69,014 66.084 $ 837,165 $ 673,917 $ 698.752 $542,600 $437,667 6,417 4,036 6,326 5,800 4,422 135,842 109,978 121,440 102,718 81,559 Accrued expenses Deferred revenue Total current liabilities 142,259 114,014 Long-term debt - Deferred rent Deferred income taxes Other long-term liabilities Total liabilities Stockholders' equity Common stock, S.0001 par value: Class A, 75,000,000 shares authorized: 30,384,915 issued and 30,198,808 outstanding in 2009; 29,557,849 issued and 29,421,877 outstanding in 2008; 30,213,869 issued and 30,098,275 outstanding in 2007. Class B, 10,000,000 shares authorized; 1,392,107 issued and outstanding in 2009; 1,398,242 in 2008; 1,398,588 in 2007; 1,400,031 in 2006 and 1,400,621 in 2005. Treasury stock, carried at cost; Additional paid-in capital Accumulated other comprehensive income (loss) Retained earnings Total stockholders' equity Noncontrolling interest Total equity Total equity and liabilities Sources: Panera Bread Company, Inc., 2009 Form #O-K., p. 45: 2003 Form 10-K, p. 43; and 2006 Form so-K, p. 36. 1,092 884 127,766 109,610 88,865 75,000 43,371 39,780 33,569 27,684 23,935 28,813 5,022 25,686 21,437 14,238 7,649 4.887 240,129 175,231 250,573 144,943 120,689 3 3 3 3 3 (3,928) (2,204) (1,188) (900) (900) 168,288 151,358 168,386 178,241 154,402 224 (394) = 432,449 346,399 278,963 222,322 163,473 597,038 495,162 448,164 397,666 316,978 $446,164 $ 397,666 $316,978 3,524 2,015 $ 597,036 $498,686 $ 837,165 $673,917 $ 698,752 $542,609 $437,667 In fiscal 2009, during an uncertain economic environment, Panera bucked industrywide trends and increased performance on the following key metrics: (1) systemwide comparable bakery- caf sales growth of 0.5% (0.7% for company-owned bakery-cafs and 0.5% for franchise-operated bakery-cafs): (2) systemwide average weekly sales increased 1.8% to US$39.926 (US$39.050 for company-owned bakery-cafs and US$40.566 for franchise-operated bakery-cafs); and (3) 69 new bakery-cafs opened systemwide (7 company-owned bakery-cafs and 39 franchise-operated bakery-cafs). In fiscal 2009. Panera earned US$2.78 per diluted share.99 In addition, average weekly sales (AWS) for newly opened company-owned bakery-cafs in 2009 reached a six-year high for new units. 100 Exhibit 6 provides 2005-2009 selected financial information about Panera