I have a project to do and I have to find the Cash Coverage Ratio for 2013 and 2

Question

I have a project to do and I have to find the Cash Coverage Ratio for 2013 and 2014 of these two companies.

I know the cash coverage ratio formula is

cash flows from operating activities before interest and taxes paid/interest paid

but I do not know where to find the interest paid or taxes paid on these cash flow statements.

Can someone please help me to identify which part is the interest paid and taxes paid?

PANERA BREAD COMPANY CONSOLIDATED STATEMENTS OF CASH FLOWS For the fiscal year ended December 31, 2013 December 25, 2012 December 27 2011 Cash flows from operations: Net income $ 196,169 73,448 135,952 Adjustments to reconcile net income to net cash provided by operating activities: 79,899 Depreciation and amortization Stock-based compensation expense Tax benefit from exercise of stock options Deferred income taxes Loss on disposals of property and equipment 106,523 10,703 (8,100) 90,939 9,094 (8,587) (4,994) 1,351 1,789 634 5,764 3,995 Changes in operating assets and liabilities, excluding the effect of acquisitions and dispositions: 4) (2,440) (10,995) (16,369) (2,183) (7,323) Trade and other accounts receivable, net. (2,186) Prepaid expenses and other Deposits and other Accounts payable Accrued expenses. Deferred rent Other long-term liabilities 161 1,449 8,162 (6,513) 49,246 538 19,630 5,718 5,868 (2,432) 348,417 (4,005) 3,906 Net cash provided by operating activities 289,456 735880 236,889 Cash flows from investing activities: 192,010)S2,328) 47,951) 0) 52,328 (107,932) (44,377) to property and equipment Acquisitions, net of cash acquired Purchase of investments Proceeds from sale of investments Proceeds from sale of property and equipment Proceeds from sale-leaseback transactions. (2,446) (97,919) 97,936 4,538 (195,74) (188,307) (339,409) 8,100 Net cash used in investing activities (152,194) Cash flows from financing activities: (96,605) Repurchase of common stock. Exercise of employee stock options Tax benefit from exercise of stock options Proceeds from issuance of common stock under employee benefit plans Capitalized debt issuance costs. Payment of deferred acquisition holdback (31,566) 4,994 2,040 8,587 2,462 (1,097) (2,055) 2,842 (4,976) (332,006) (171,896) 297,141 Net cash used in financing activities. Net (decrease) increase in cash and cash equivalents Cash and cash equivalents at Cash and cash equivalents at end of period 74,501 (6,659) 222,640 229,299 $125,245 297,141 S222,640 equivalents at begnng of period The accompanying notes are an integral part of the consolidated financial statements.

Explanation / Answer

Cash flows from operating activities before interest and taxes paid means “ Net cash provided by or used in operating Activities. It is given is first subtotal in each cash flow statement.

You can find interest expense in income statement. Please go through the income statement of the same company to find the interest expense.

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