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Calculation of various financial ratios and free cash flow.
Landry's Restaurants, Inc.
Balance Sheet
In thousands
Year ended in December 31
2003
2002
Assets
Current assets
Cash
35,211
13,878
Accounts receivable
23,272
19,910
Inventories
47,772
40,879
Other current assets
14,349
18,002
Total current assets
120,604
92,669
Property and equipment
965,575
830,930
Goodwill and other assets
16,606
9,416
Total assets
1,102,785
933,015
Liabilities and Stockholders' Equity
Current liabilities
159,581
148,354
Long term liabilities
338,654
217,586
Total liabilities
498,235
365,940
Stockholder's equity
604,550
567,075
Total liabilities and stockholder's equity
Income Statement
Revenues
1105755
894795
Cost of revenues
-321783
-257945
Gross profit
783972
636850
Operating and other expenses
-717018
-571676
Interest expense
-9561
-4997
Income tax expense
-11492
-18655
Net income
45901
41522
Earnings per share
1.66
1.6
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