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Cheescake Factory

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INTRODUCTION The Cheesecake Factory Incorporated is in the “Restaurant Industry.” It started in the 1940s in the home of Oscar and Evelyn Overton. The business was so successful that in 1971, they moved the cheesecake business to Los Angeles and named it “The Cheesecake Factory”. In 1978, their son David founded The Cheesecake Factory restaurant in Beverly Hills and 30 years later you can find their restaurant in towns and cities all over the United States with new businesses opening all the time. They do not offer franchise or joint venture opportunities and have no plans to do so in the future. They own and manage all of the full-service Cheesecake Factory restaurants and presently do not have plans for international expansion. …show more content…

In Millions of U.S. Dollars (except for per share items) 2006 01/02/07 2005 01/03/06 2004 12/28/04 Restated 01/03/06 2003 12/30/03 Restated 12/28/04 2002 12/31/02 Restated 12/30/03 Cash & Equivalents 45 31 14 15 11 Short Term Investments 56 63 31 34 12 Cash and Short Term Investments 101 94 45 49 23 Trade Accounts Receivable, Net 12 8 8 7 5 Other Receivables 48 26 23 18 21 Total Receivables, Net 59 34 32 26 26 Inventory - Finished Goods 18 17 8 11 16 Inventory - Raw Materials 3 2 2 1 2 Inventories - Other -- -- -- 9 -- Total Inventory 21 19 10 20 18 Prepaid Expenses 21 15 10 12 7 Other Curr. Assets, Total 0 10 6 5 2 Total Current Assets 202 173 103 112 76 Buildings 18 18 18 6 6 Land/Improvements 13 12 12 2 2 Machinery/Equipment 285 252 211 161 138 Construction in Progress 45 36 31 38 20 Leases 620 490 382 283 209 Property/Plant/Equipment - Gross 981 808 654 490 376 Accumulated Depreciation (249) (198) (156) (120) (94) Property/Plant/Equipment - Net 732 610 498 370 282 Intangibles, Net 3 3 2 2 2 Long Term Investments 33 84 106 88 92 Other Long Term Assets 69 57 50 38 15 Total Assets 1,040 926 759 610 467 Accounts Payable 46 32 32 26 15 Accrued Expenses 117 95 79 55 43 Notes Payable/Short Term Debt 0 0 0 0 0 Income Taxes Payable 0 6 3 0

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