Bloomin' Brands Inc. (BLMN) Financial Statements (2024 and earlier)

Company Profile

Business Address 2202 NORTH WEST SHORE BOULEVARD
TAMPA, FL 33607
State of Incorp. FL
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 millions)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments11285881106772
Cash and cash equivalents11285881106772
Restricted cash and investments 3 10  
Inventory, net of allowances, customer advances and progress billings767879628773
Inventory767879628773
Other current assets153184185152186191
Total current assets:343347353324340335
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization     
Operating lease, right-of-use asset1,0851,1031,1311,1731,267
Property, plant and equipment    8881,0361,116
Intangible assets, net (including goodwill)719721722731759799
Goodwill276273268271288295
Intangible assets, net (excluding goodwill)443448453460471504
Deferred income tax assets159153168154 
Other noncurrent assets85827993117121
Other undisclosed noncurrent assets1,032914842 7393
Total noncurrent assets:3,0812,9742,9413,0383,2522,129
TOTAL ASSETS:3,4243,3203,2943,3623,5932,465
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities307289295241296298
Employee-related liabilities10579101101
Accounts payable189184168141175174
Accrued liabilities11810522212122
Deferred revenue382394399382369
Debt3212392627
Other undisclosed current liabilities310294279288270466
Total current liabilities:1,002979985950962791
Noncurrent Liabilities
Long-term debt and lease obligation, including:78321,1811,2181,2791,068
Finance lease, liability731  
Other undisclosed long-term debt and lease obligation  829   1,068
Liabilities, other than long-term debt1,2291,236125185138373
Deferred rent credit      167
Deferred tax liabilities, net15
Other liabilities9787125185138192
Operating lease, liability1,1321,1491,1791,2181,279
Other undisclosed noncurrent liabilities773 7819981,036178
Total noncurrent liabilities:2,0102,0682,0872,4012,4531,619
Total liabilities:3,0123,0473,0713,3513,4152,410
Equity
Equity, attributable to parent409271216417046
Common stock111111
Additional paid in capital1,1151,1621,1201,1331,0941,108
Accumulated other comprehensive loss(178)(185)(206)(211)(170)(143)
Accumulated deficit(529)(706)(698)(918)(755)(920)
Equity, attributable to noncontrolling interest336779
Total equity:4122742231117755
TOTAL LIABILITIES AND EQUITY:3,4243,3203,2943,3623,5932,465

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

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues4,6714,4174,1223,1714,1394,126
Cost of revenue(2,932)(2,740)(2,522)(2,212)(2,662)(2,698)
Cost of goods and services sold(1,410)(1,384)(1,230)(983)(1,278)(1,296)
Gross profit:1,7391,6761,6009581,4771,428
Operating expenses(1,414)(1,346)(1,291)(1,133)(1,286)(1,283)
Operating income (loss):325330309(175)191145
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
  (0)00(0)(0)
Interest and debt expense(1)(0)(0)(0)  
Income (loss) from continuing operations before equity method investments, income taxes:324330309(175)191145
Other undisclosed loss from continuing operations before income taxes(51)(178)(60)(65)(49)(45)
Income (loss) from continuing operations before income taxes:273152249(240)142100
Income tax expense (benefit)(19)(43)(26)81(8)9
Income (loss) from continuing operations:254109223(159)134110
Income (loss) before gain (loss) on sale of properties:223(159)134110
Net income (loss):254109223(159)134110
Net income (loss) attributable to noncontrolling interest(7)(7)(7)0(4)(2)
Net income (loss) attributable to parent:247102216(159)131107
Preferred stock dividends and other adjustments    (3)  
Net income (loss) available to common stockholders, basic:247102216(162)131107
Dilutive securities, effect on basic earnings per share   0   
Net income (loss) available to common stockholders, diluted:247102216(162)131107

Comprehensive Income ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):254109223(159)134110
Other comprehensive income (loss)7215(42)(27)(43)
Other undisclosed comprehensive loss  (0)    
Comprehensive income (loss):261130228(201)10766
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(7)(7)(7)1(4)(3)
Comprehensive income (loss), net of tax, attributable to parent:254123221(200)10464

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.

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