Cash Flows

Cash Flow from (used by) Operating Activities

Net Income

$560

Depreciation

145

Increase in Accounts Receivable

(110)

Increase in Inventory

(70)

Decrease in Other Assets

     50

Increase in Accounts Payable

85

Decrease in Accrued Liabilities

(50)

Increase Long-Term Liabilities

         65

Net Cash provided from Operating Activities

    $675

Cash Flow from (used by) investing activities

Capital Expenditures

    (210)

Net Cash provided from Investing Activities

  ($210)

Cash Flow from (used by) Financing Activities

Decrease in Short-Term Debt

(205)

Dividends

    (300)

Net Cash provided from Financing Activities

  ($505)

Increase (Decrease) in Cash

                      ($40)

BALANCE SHEET CHANGES

2014

2015

Source

Use

Cash and short-term investments

$19,485

$19,787

$-

$302

Accounts and notes receivable

10,089

7,627

2,462

-

Inventory-merchandise

8,068

10,189

-

2,121

Inventory-china, silver, and supplies

5,579

6,799

-

1,220

Income tax receivable

2,941

-

2,941

-

Deferred income taxes

3,599

2,490

1,109

-

Prepaid expenses and other

11,653

15,522

-

3,859

Total Current Assets

61,414

62,414

-

-

Gross, plant, property, and equipment (PP&E)

   Land

129,153

164,489

-

35,336

   Buildings

278,793

341,022

-

62,229

   Improvements

308,226

352,861

-

44,635

   Restaurant equipment

219,399

249,907

-

30,508

   Other Equipment

79,092

86,840

-

7,748

   Construction in progress

64,957

74,393

-

9,436

        Total Gross, PP&E

1,079,620

1,269,512

-

-

Less: Accumulated Depreciation

312,797

368,370

55,573

-

Net, plant, property, and equipment

766,823

901,142

-

-

Goodwill

7,845

17,017

-

9,172

Other Assets

100,353

93,494

6,859

-

Total Assets

$936,435

$1,074,067

-

-

Accounts Payable

$37,416

$46,589

9,173

-

Accrued Liabilities

   Taxes, other than income taxes

13,070

14,461

1,391

-

   Payroll and related costs

18,021

11,826

-

6,195

   Insurance

6,332

6,335

3

-

   Rent and other

19,362

18,276

-

1,086

Current portion of long-term debt

518

2,326

1,808

-

Total current liabilities

94,719

99,813

-

-

Long-term debt

$168,087

$247,222

79,135

-

Deferred income taxes

46,184

50,825

4,641

-

Other deferred liabilities

110,914

112,984

2,070

-

Shareholders’ equity

516,531

563,223

46,692

-

Total liabilities and equity

$936,435

$1,074,067

-

-

Total Sources and Uses

$ 213,857

$213,857

Cash Flow from (used by) Operating Activities

Net Income

$102,298

Depreciation

55,573

Deferred Income Taxes – Assets

1,109

Deferred Income Taxes – Liabilities

4,641

Decrease in Accounts & Notes Receivable

2,462

Decrease in Income Tax Receivable

2,941

Increase in Inventory – Merchandise

(2,121)

Increase in Inventory – China, Silver and Supplies

(1,220)

Increase in Prepaid Expenses & Other

(3,869)

Increase in Goodwill

(9,172)

Decrease in Other Assets

6,859

Increase in Accounts Payable

9,173

Increase in Taxes, other than Income Taxes

1,391

Decrease in Payroll and related costs

(6,195)

Increase in Insurance

3

Decrease in Rent and Other

(1,086)

Increase in other Deferred Liabilities

2,070

Net Cash provided from Operating Activities

$164,857

Cash Flow from (used by) Investing Activities

Increase in Land

($35,336)

Increase in Buildings

(62,229)

Increase in Improvements

(44,635)

Increase in Restaurant Equipment

(30,508)

Increase in Other Equipment

(7,748)

Increase in Construction Progress

(9,436)

Net Cash provided from Investing Activities

($189,892)

Cash Flow from (used by) Financing Activities

Increase in Current Portion of Long-Term Debt

$1,808

Increase in Long-Term Debt

79,135

Common Stock Dividend

(2,915)

Common Stock Repurchase and Other

(52,691)

Net Cash from Financing Activities

$25,337

Increase (Decrease) in Cash

                                $302