Print Page  |  Close Window

SEC Filings

S-1/A
CHIPOTLE MEXICAN GRILL INC filed this Form S-1/A on 12/05/2005
Entire Document
 << Previous Page | Next Page >>


CAPITALIZATION

        The following table sets forth our cash and cash equivalents and our consolidated capitalization at September 30, 2005:

    on an actual basis; and

    on a pro forma as adjusted basis to reflect the Reclassification and the application of the estimated net proceeds that we will receive from this offering, based on an assumed initial public offering price of $            per share (the midpoint of the range shown on the cover page of this prospectus) and after deducting estimated underwriting discounts and commissions and estimated offering expenses payable by us.

 
  September 30, 2005
 
  Actual
  Pro Forma
As Adjusted

 
  (in thousands, except share amounts)
(unaudited)

Cash and cash equivalents   $ 1,958   $  
   
 
Total debt(1)   $ 7,034   $  
   
 
Shareholders' equity            
  Common stock, $0.01 par value; 95,000,000 shares authorized, 58,372,266 shares issued and outstanding(2)     584    
  Class A common stock, $0.01 par value;                shares authorized,                 shares issued and outstanding          
  Class B common stock, $0.01 par value;                shares authorized,                 shares issued and outstanding          
  Preferred stock, $0.01 par value; 40,000,000 shares authorized, comprising:            
    Series B preferred stock, $0.01 par value; 8,034,009 shares issued and outstanding     80    
    Series C preferred stock, $0.01 par value; 3,925,125 shares issued and outstanding     39    
    Series D preferred stock, $0.01 par value; 8,510,639 shares issued and outstanding     85    
  Paid-in capital     378,285      
  Tax receivable—McDonald's     (38,596 )    
  Accumulated other comprehensive income     9      
  Accumulated deficit     (42,713 )    
   
 
Total shareholders' equity     297,773      
   
 
Total capitalization   $ 304,807   $  
   
 

(1)
Includes $4.6 million outstanding under our line of credit with McDonald's.

(2)
Excludes 686,000 shares of common stock issuable on the exercise of outstanding stock options, 460,000 shares of outstanding non-vested common stock and 2,314,000 shares of common stock reserved for future issuance under the Chipotle Executive Stock Option Plan. We do not intend to grant additional options under this plan following the consummation of this offering.

        The pro forma as adjusted number of shares of common stock to be outstanding is based on            shares outstanding at September 30, 2005, after giving effect to the Reclassification, and excludes:

    shares of class A common stock issuable upon the exercise of options outstanding at September 30, 2005 at a weighted average exercise price of $            per share;

    shares of non-vested common stock outstanding at September 30, 2005;

    shares of class A common stock reserved for future issuance under our Chipotle 2006 Stock Incentive Compensation Plan; and

    shares of class A common stock issuable upon the exercise of options to be issued upon the conversion of stock appreciation rights outstanding at September 30, 2005.

27


 << Previous Page | Next Page >>