NASDAQ_TXRH_2018

F-3

Texas Roadhouse, Inc. and Subsidiaries

Consolidated Balance Sheets

(in thousands, except share and per share data)

December 25, December 26,
2018 2017
Assets
Current assets:
Cash and cash equivalents ......................................................... $ 210,125 $ 150,918
Receivables, net of allowance for doubtful accounts of $34 at December 25, 2018 and $43 at
December 26, 2017 .............................................................. 92,114 76,496
Inventories, net .................................................................. 18,827 16,306
Prepaid income taxes ............................................................. 7,569 —
Prepaid expenses ................................................................ 16,384 13,361
Total current assets ................................................................. 345,019 257,081
Property and equipment, net of accumulated depreciation of $602,451 at December 25, 2018 and
$527,710 at December 26, 2017 ....................................................... 956,676 912,147
Goodwill ......................................................................... 123,220 121,040
Intangible assets, net of accumulated amortization of $13,416 at December 25, 2018 and $12,675
at December 26, 2017 ............................................................... 1,959 2,700
Other assets ....................................................................... 42,402 37,655
Total assets ....................................................................... $ 1,469,276 $ 1,330,623
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable ................................................................ $ 62,060 $ 57,579
Deferred revenue-gift cards ........................................................ 192,242 156,627
Accrued wages .................................................................. 34,159 29,678
Income taxes payable ............................................................. — 2,494
Accrued taxes and licenses ......................................................... 24,631 21,997
Dividends payable ............................................................... 17,904 14,945
Other accrued liabilities ........................................................... 54,146 46,678
Total current liabilities ............................................................... 385,142 329,998
Long-term debt and obligation under capital lease, excluding current maturities .................. 2,081 51,981
Restricted stock and other deposits ..................................................... 7,703 7,699
Deferred rent ...................................................................... 48,079 42,141
Deferred tax liabilities, net ........................................................... 17,268 5,301
Other liabilities .................................................................... 48,295 42,112
Total liabilities ..................................................................... 508,568 479,232
Texas Roadhouse, Inc. and subsidiaries stockholders’ equity:
Preferred stock ($0.001 par value, 1,000,000 shares authorized; no shares issued or outstanding) .. — —
Common stock ($0.001 par value, 100,000,000 shares authorized, 71,617,510 and
71,168,897 shares issued and outstanding at December 25, 2018 and December 26, 2017,
respectively) .................................................................... 72 71
Additional paid-in-capital .......................................................... 257,388 236,548
Retained earnings ................................................................ 688,337 602,499
Accumulated other comprehensive loss ............................................... ( 228 ) ( 39 )
Total Texas Roadhouse, Inc. and subsidiaries stockholders’ equity .......................... 945,569 839,079
Noncontrolling interests ........................................................... 15,139 12,312
Total equity .................................................................... 960,708 851,391
Total liabilities and equity ............................................................ $ 1,469,276 $ 1,330,623

See accompanying notes to Consolidated Financial Statements.