Fiscal Year
2018 2017 2016 2015 2014
($ in thousands)
Consolidated Balance Sheet Data:
Cash and cash equivalents ..................... $ 210,125 $ 150,918 $ 112,944 $ 59,334 $ 86,122
Total assets ................................ 1,469,276 1,330,623 1,179,971 1,032,706 943,142
Long-term debt and obligations under capital
leases, net of current maturities ................. 2,081 51,981 52,381 25,550 50,693
Total liabilities .............................. 508,568 479,232 421,729 355,524 328,186
Noncontrolling interests ...................... 15,139 12,312 8,016 7,520 7,064
Texas Roadhouse, Inc. and subsidiaries
stockholders’ equity( 2 ) ....................... $ 945,569 $ 839,079 $ 750,226 $ 669,662 $ 607,892
Selected Operating Data (unaudited):
Restaurants:
Company-Texas Roadhouse ................. 464 440 413 392 368
Company-Bubba’s 33 ...................... 25 20 16 7 3
Company-Other .......................... 2 2 2 2 1
Franchise - Domestic ...................... 69 70 73 72 70
Franchise - International .................... 22 17 13 10 9
Total ................................... 582 549 517 483 451
Company restaurant information:
Store weeks ............................. 24,693 23,274 21,583 20,020 18,565
Comparable restaurant sales growth(3) ........ 5.4 % 4.5 % 3.5 % 7.2 % 4.7 %
Texas Roadhouse restaurants only:
Comparable restaurant sales growth(3) ....... 5.4 % 4.5 % 3.6 % 7.2 % 4.7 %
Average unit volume( 4 ) ................... $ 5,211 $ 4,973 $ 4,805 $ 4,664 $ 4,355
Net cash provided by operating activities ......... $ 352,868 $ 286,373 $ 257,065 $ 227,941 $ 191,713
Net cash used in investing activities ............. $ (158,145) $ (178,156) $ (164,738) $ (173,203) $ (124,240)
Net cash used in financing activities ............. $ (135,516) $ (70,243) $ (38,717) $ (81,526) $ (76,225)
(1) See note 12 to the Consolidated Financial Statements.
(2) See note 11 to the Consolidated Financial Statements.
(3) Comparable restaurant sales growth reflects the change in sales over the same period of the prior year for the
comparable restaurant base. We define the comparable restaurant base to include those restaurants open for a full
18 months before the beginning of the later fiscal period, excluding sales from restaurants closed during the period.
(4) Average unit volume represents the average annual restaurant sales from Texas Roadhouse company restaurants
open for a full six months before the beginning of the period measured, excluding sales from restaurants closed
during the period. Additionally, average unit volume of company restaurants for 2018, 2017, 2016, and 2014 in the
table above was adjusted to reflect the restaurant sales of any acquired franchise restaurants.