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SEC Filings

10-Q
CHIPOTLE MEXICAN GRILL INC filed this Form 10-Q on 07/26/2017
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PART I

ITEM  1.FINANCIAL STATEMENTS  

Chipotle Mexican Grill, Inc.

Condensed Consolidated Balance Sheet

(in thousands, except per share data)



 

 

 

 

 



 

 

 

 

 



June 30,

 

December 31,



2017

 

2016



(unaudited)

 

 

Assets

 

 

 

 

 

Current assets:

 

 

 

 

 

Cash and cash equivalents

$

175,137 

 

$

87,880 

Accounts receivable, net of allowance for doubtful accounts of $39 and $259 as of June 30, 2017 and December 31, 2016, respectively

 

24,940 

 

 

40,451 

Inventory

 

19,126 

 

 

15,019 

Prepaid expenses and other current assets

 

50,296 

 

 

44,080 

Income tax receivable

 

 -

 

 

5,108 

Investments

 

394,466 

 

 

329,836 

Total current assets

 

663,965 

 

 

522,374 

Leasehold improvements, property and equipment, net

 

1,328,280 

 

 

1,303,558 

Long term investments

 

 -

 

 

125,055 

Other assets

 

54,367 

 

 

53,177 

Goodwill

 

21,939 

 

 

21,939 

Total assets

$

2,068,551 

 

$

2,026,103 

Liabilities and shareholders' equity

 

 

 

 

 

Current liabilities:

 

 

 

 

 

Accounts payable

$

80,976 

 

$

78,363 

Accrued payroll and benefits

 

85,169 

 

 

76,301 

Accrued liabilities

 

98,311 

 

 

127,129 

Income tax payable

 

3,329 

 

 

 -

Total current liabilities

 

267,785 

 

 

281,793 

Deferred rent

 

301,825 

 

 

288,927 

Deferred income tax liability

 

12,866 

 

 

18,944 

Other liabilities

 

35,879 

 

 

33,946 

Total liabilities

 

618,355 

 

 

623,610 

Shareholders' equity:

 

 

 

 

 

Preferred stock, $0.01 par value, 600,000 shares authorized, no shares issued as of June 30, 2017 and December 31, 2016, respectively

 

 -

 

 

 -

Common stock $0.01 par value, 230,000 shares authorized, and 35,849 and 35,833 shares issued as of June 30, 2017 and December 31, 2016, respectively

 

358 

 

 

358 

Additional paid-in capital

 

1,276,285 

 

 

1,238,875 

Treasury stock, at cost, 7,264 and 7,019 common shares at June 30, 2017 and December 31, 2016, respectively

 

(2,154,517)

 

 

(2,049,389)

Accumulated other comprehensive income (loss)

 

(5,591)

 

 

(8,162)

Retained earnings

 

2,333,661 

 

 

2,220,811 

Total shareholders' equity

 

1,450,196 

 

 

1,402,493 

Total liabilities and shareholders' equity

$

2,068,551 

 

$

2,026,103 



See accompanying notes to condensed consolidated financial statements.



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