PAPA JOHNS INTERNATIONAL INC
For the period ended Mar 31, 2024. Filed May 9, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 9, 2024
PZZA$19.98-3.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets — March, 202 and December
Condensed Consolidated Balance Sheets
| (In thousands, except per share amounts) | March 31,2024 | December 31,2023 |
|---|---|---|
| (Unaudited) | ||
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $27,768 | $40,587 |
| Accounts receivable, net | 94,506 | 104,244 |
| Notes receivable, current portion | 5,802 | 5,199 |
| Income tax receivable | 1,906 | 2,577 |
| Inventories | 38,073 | 36,126 |
| Prepaid expenses and other current assets | 57,872 | 42,285 |
| Total current assets | 225,927 | 231,018 |
| Property and equipment, net | 273,303 | 282,812 |
| Finance lease right-of-use assets, net | 30,747 | 31,740 |
| Operating lease right-of-use assets | 153,880 | 164,158 |
| Notes receivable, less current portion, net | 11,010 | 12,346 |
| Goodwill | 75,975 | 76,206 |
| Other assets | 76,325 | 76,725 |
| Total assets | $847,167 | $875,005 |
| Liabilities, Redeemable noncontrolling interests and Stockholders’ deficit | ||
| Current liabilities: | ||
| Accounts payable | $61,014 | $74,949 |
| Income and other taxes payable | 22,487 | 17,948 |
| Accrued expenses and other current liabilities | 143,401 | 158,167 |
| Current deferred revenue | 20,727 | 20,427 |
| Current finance lease liabilities | 8,495 | 9,029 |
| Current operating lease liabilities | 24,710 | 24,076 |
| Current portion of long-term debt | 1,800 | — |
| Total current liabilities | 282,634 | 304,596 |
| Deferred revenue | 18,780 | 20,366 |
| Long-term finance lease liabilities | 23,726 | 24,144 |
| Long-term operating lease liabilities | 143,797 | 151,050 |
| Long-term debt, less current portion, net | 761,317 | 757,422 |
| Other long-term liabilities | 62,395 | 60,192 |
| Total liabilities | 1,292,649 | 1,317,770 |
| Redeemable noncontrolling interests | 941 | 851 |
| Stockholders’ deficit: | ||
| Common stock ($0.01 par value per share; issued 49,278 at March 31, 2024 and 49,235 at December 31, 2023) | 493 | 492 |
| Additional paid-in capital | 444,793 | 452,290 |
| Accumulated other comprehensive loss | (7,554) | (7,803) |
| Retained earnings | 218,608 | 219,027 |
| Treasury stock (16,674 shares at March 31, 2024 and 16,747 shares at December 31, 2023, at cost) | (1,118,196) | (1,123,098) |
| Total stockholders’ deficit | (461,856) | (459,092) |
| Noncontrolling interests in subsidiaries | 15,433 | 15,476 |
| Total Stockholders’ deficit | (446,423) | (443,616) |
| Total Liabilities, Redeemable noncontrolling interests and Stockholders’ deficit | $847,167 | $875,005 |
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