Exhibit 99.1
RED ROBIN GOURMET BURGERS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands, except share amounts)
(Unaudited)
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| December 30, |
| December 31, |
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Assets: |
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Current Assets: |
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Cash and cash equivalents |
| $ | 12,914 |
| $ | 2,762 |
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Accounts receivable, net |
| 4,751 |
| 3,305 |
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Inventories |
| 10,367 |
| 8,486 |
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Prepaid expenses and other current assets |
| 9,246 |
| 5,885 |
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Income tax receivable |
| 4,760 |
| 5,862 |
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Deferred tax asset |
| 3,159 |
| 2,156 |
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Restricted current assets—marketing funds |
| 2,095 |
| 827 |
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Total current assets |
| 47,292 |
| 29,283 |
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Property and equipment, net |
| 399,270 |
| 351,736 |
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Goodwill |
| 56,299 |
| 43,496 |
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Intangible assets, net |
| 41,059 |
| 22,772 |
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Other assets, net |
| 4,869 |
| 3,311 |
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Total assets |
| $ | 548,789 |
| $ | 450,598 |
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Liabilities and Stockholders’ Equity: |
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Current Liabilities: |
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Trade accounts payable |
| $ | 9,263 |
| $ | 6,312 |
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Construction related payables |
| 13,416 |
| 17,839 |
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Accrued payroll and payroll related liabilities |
| 29,146 |
| 19,144 |
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Unredeemed gift certificates |
| 10,789 |
| 9,374 |
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Accrued liabilities |
| 19,404 |
| 15,036 |
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Accrued liabilities—marketing funds |
| 2,095 |
| 827 |
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Current portion of term loan notes payable |
| 11,250 |
| — |
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Current portion of long-term debt and capital lease obligations |
| 558 |
| 1,630 |
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Total current liabilities |
| 95,921 |
| 70,162 |
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Deferred rent |
| 21,728 |
| 18,076 |
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Long-term portion of term loan notes payable |
| 133,125 |
| — |
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Other long-term debt and capital lease obligations |
| 8,813 |
| 112,341 |
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Other non-current liabilities |
| 4,760 |
| 6,486 |
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Total liabilities |
| 264,347 |
| 207,065 |
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Commitments and contingencies |
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Stockholders’ Equity: |
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Common stock |
| 17 |
| 17 |
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Treasury stock |
| (83 | ) | (83 | ) | ||
Paid-in capital |
| 156,928 |
| 146,614 |
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Retained earnings |
| 127,580 |
| 96,985 |
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Total stockholders’ equity |
| 284,442 |
| 243,533 |
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Total liabilities and stockholders’ equity |
| $ | 548,789 |
| $ | 450,598 |
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