BurgerFi International Inc (BFI) Financial Statements (2024 and earlier)

Company Profile

Business Address 200 WEST CYPRESS CREEK ROAD
FORT LAUDERDALE, FL 33309
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 5812 - Eating Places (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments10,7119,02611,91714,14115,74713,323
Cash and cash equivalents10,7119,02611,91714,14115,74713,323
Receivables1,4571,9711,7661,3611,3871,407
Inventory, net of allowances, customer advances and progress billings1,4381,4501,3201,3171,3521,436
Inventory1,4381,4501,3201,3171,3521,436
Prepaid expense1,3001,500    
Asset, held-for-sale, not part of disposal group1,5271,482732 732732
Other current assets   2,7245,2882,2971,932
Other undisclosed current assets2251,595    
Total current assets:16,65817,02418,45922,10721,51518,830
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization   852914976803
Operating lease, right-of-use asset45,56545,13145,74149,80452,21655,918
Intangible assets, net (including goodwill)186,834188,956191,829205,377207,499264,819
Goodwill31,62131,62131,62143,02143,02198,218
Intangible assets, net (excluding goodwill)155,213157,335160,208162,356164,478166,601
Other noncurrent assets9719901,3801,358742751
Other undisclosed noncurrent assets18,24719,12018,51922,14723,87927,146
Total noncurrent assets:251,617254,197258,321279,600285,312349,437
TOTAL ASSETS:268,275271,221276,780301,707306,827368,267
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities16,10417,49519,05317,86018,23414,753
Accounts payable7,7238,7978,4649,25410,0557,859
Accrued liabilities8,3818,69810,5898,6068,1796,894
Deferred revenue   84   
Debt3,4853,4904,9853,4913,4953,471
Other liabilities2,8422,9836,2417,0557,1137,391
Other undisclosed current liabilities12,27412,7359,8409,5059,4869,562
Total current liabilities:34,70536,70340,20337,91138,32835,177
Noncurrent Liabilities
Long-term debt and lease obligation, including:49,78650,52353,79456,18155,94956,496
Finance lease, liability   783819858680
Other undisclosed long-term debt and lease obligation49,78650,52353,01113,99011,3498,982
Liabilities, other than long-term debt96,924109,527103,64162,02862,27160,414
Deferred income tax liabilities1,2231,2231,2239039021,243
Financial instruments subject to mandatory redemption, settlement terms, share value, amount53,48252,43951,41850,41649,43348,470
Due to related parties14,3749,2359,1078,9798,852
Other liabilities1,3301,3251,0171,6022,9571,849
Operating lease, liability40,88940,16640,74841,37243,74246,834
Other undisclosed noncurrent liabilities14,412 19541,37243,74250,074
Total noncurrent liabilities:161,122160,050157,630159,581161,962166,984
Total liabilities:195,827196,753197,833197,492200,290202,161
Equity
Equity, attributable to parent, including:72,44874,46878,947104,215106,537166,106
Common stock222222
Additional paid in capital314,749310,768306,096305,201304,191303,383
Accumulated deficit(242,303)(236,302)(227,151)(200,988)(197,656)(137,279)
Warrants and rights outstanding   195   
Other undisclosed equity, attributable to parent   (195)   
Total equity:72,44874,46878,947104,215106,537166,106
TOTAL LIABILITIES AND EQUITY:268,275271,221276,780301,707306,827368,267

Income Statement (P&L) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues43,42745,72645,23643,25545,29844,933
Gross profit:43,42745,72645,23643,25545,29844,933
Operating expenses(46,892)(52,726)129,552(47,695)(105,575)(55,967)
Other undisclosed operating loss   (199,092)   
Operating loss:(3,465)(7,000)(24,304)(4,440)(60,277)(11,034)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(5)  2,627  
Interest and debt expense(2,211)(2,078)(2,097)(2,245)(2,246)(2,071)
Other undisclosed loss from continuing operations before equity method investments, income taxes   (2,546)   
Loss from continuing operations before equity method investments, income taxes:(5,681)(9,078)(28,947)(4,058)(62,523)(13,105)
Other undisclosed income (loss) from continuing operations before income taxes(318)(73)3,1367261,811(567)
Loss from continuing operations before income taxes:(5,999)(9,151)(25,811)(3,332)(60,712)(13,672)
Income tax expense (benefit) (2) (352) 335112
Loss from continuing operations:(6,001)(9,151)(26,163)(3,332)(60,377)(13,560)
Loss before gain (loss) on sale of properties:(3,332)(60,377)(13,560)
Net loss available to common stockholders, diluted:(6,001)(9,151)(26,163)(3,332)(60,377)(13,560)

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net loss:(6,001)(9,151)(26,163)(3,332)(60,377)(13,560)
Comprehensive loss, net of tax, attributable to parent:(6,001)(9,151)(26,163)(3,332)(60,377)(13,560)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: