DRI Balance SheetDARDEN RESTAURANTS INC (DRI) CashFlowFlag
BALANCE SHEETFiscal year ends in May. USD in millions except per
share data.2010-052011-052012-052013-052014-05AssetsCurrent
assetsCashCash and cash equivalents24970708898Total
cash24970708898Receivables5365718539Inventories221300404357197Deferred
income taxes102146124145124Prepaid expenses5482879083Other current
assets1435Total current assets6786647587651976Non-current
assetsProperty, plant and equipmentGross property, plant and
equipment57366167672674415431Accumulated
Depreciation-2333-2545-2774-3050-2050Net property, plant and
equipment34043622395143913381Equity and other
investments3322Goodwill517517539908872Intangible
assets454454533664575Deferred income taxes21Other long-term
assets194210131165296Total non-current
assets45694803518761725124Total
assets52475467594469377101Liabilities and stockholders'
equityLiabilitiesCurrent liabilitiesShort-term
debt225186613164223Accounts payable246251261296233Taxes
payable114135121158135Accrued liabilities343248265213193Deferred
revenues167200232270300Other current
liabilities159266283314535Total current
liabilities12551287177414161618Non-current liabilitiesLong-term
debt14091407145424962481Capital leases5856545252Deferred taxes
liabilities269345313356286Other long-term
liabilities364435507556506Total non-current
liabilities20992244232834613325Total
liabilities33533530410248774944Stockholders' equityCommon
stock1302Additional paid-in capital2298240925191208Retained
earnings262229223173999996Treasury
stock-2944-3325-3696-8-8Accumulated other comprehensive
income-82-69-154-139-133Total stockholders'
equity18941936184220602157Total liabilities and stockholders'
equity52475467594469377101
Balance Sheet - 2013DARDEN RESTAURANTS, INC.Balance
SheetPlanning Materiality (PM):6,980,0006.9801/2 Planning
Materiality:6,980,000.003,490,000Clearly Trivial
Threshold:139,6002014AssetsBase T/M (Rounded)Current
AssetsT/MAdjusted T/MAdjusted T/MCash and cash
equivalents9898,000,000981.38%0.0660,0000.00.0Cash should not have
errors; therefore, t/m is
$0Receivables3939,000,000980.55%0.0330,0000.15150,000Receivables
are harder to audit and have greater misstatements; therefore, t/m
is increased to
$150,000Inventories197197,000,000392.77%0.12120,0000.12120,000Inventories
should be easy to test; therefore, a lower t/m has been
allocatedDeferred income
taxes1,5591,559,000,00019721.95%0.91910,0000.91910,000Prepaid
expenses8383,000,0001241.17%0.0550,0000.0550,000Total Current
Assets1,9761,976,000,0008327.83%Net property, plant and
equipment3,3813,381,000,000143547.61%1.961,960,0002.102,100,000Due
to the large number of locations and equipment, we have left the
t/m at the maximum (half of the
PJ).Goodwill873873,000,000197612.29%0.51510,0000.65650,000Trademarks575575,000,0008.10%0.34340,0000.45450,000Other
Assets296296,000,0004.17%0.18180,0000.18180,000Total
Assets7,1017,101,000,0005431100.00%58.95%4.114,114,984Liabilities
and Stockholders' EquityLiabilitiesCurrent liabilities872Accounts
Payable233233,000,0005754.71%0.14140,0000.20200,000Payables are
harder to audit and have greater misstatements; therefore, t/m is
increased to $2Short-Term
Debt223223,000,0004.51%0.13130,0000.20100,000Short-Term debt should
not have may errors or misstatements; therefore, t/m is lowerTaxes
Payable135135,000,0002962.73%0.0880,0000.0880,000Accrued
Liabilities193193,000,00051243.90%0.12120,0000.2290,000Other
Accrued Taxes0.00.071010.00%0.00.00.00.0Unearned
Revenues300300,000,0006.07%0.18180,0000.18180,000Current Portion of
Long-Term Debt0.00.00.00%0.00.0Other Current
Liabilities535535,000,00010.82%0.32320,0000.32320,000Total Current
Liabilities1,6181,618,000,00022332.73%0.0Long-Term
Debt2,4812,481,000,00023350.18%1.441,440,0000.38375,000Long-Term
debt should not have may errors or misstatements; therefore, t/m is
left at the maximumDeferred Income
Taxes286286,000,0001355.78%0.17170,0000.17170,0000.00.01930.00%0.00.00.00.0Obligations
under Capital Leases5252,000,0003001.05%0.0440,0000.75750,000Due to
the difficulty of testing capital leases, we have allocated more to
this account.Other
Liabilities506506,000,00053510.23%0.30300,0000.30300,000Total
liabilities4,9444,944,000,0001618100.00%41.05%2.872,865,016Total
stockholders' equity2,1572,157,000,0004944Total liabilities and
stockholders'
equity7,1017,101,000,0001302Total7.087,080,0007.407,175,000
&"-,Bold"&14Appendix
Sheet1
