Bowlero Corp. (BOWL) Financial Statements (2024 and earlier)

Company Profile

Business Address 7313 BELL CREEK ROAD
MECHANICSVILLE, VA 23111
State of Incorp. VA
Fiscal Year End June 30
Industry (SIC) 79 - Amusement And Recreation Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2023
MRQ
6/30/2023
12/31/2022
MRQ
6/30/2022
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments195,63391,571132,236
Cash and cash equivalents195,63379,446132,236
Short-term investments  12,125 
Restricted cash and investments  10,363 
Receivables (551)(609)(504)
Inventory, net of allowances, customer advances and progress billings11,47011,40710,310
Inventory11,47011,40710,310
Asset, held-for-sale, not part of disposal group2,0692,5528,789
Other current assets 5,892 676
Other undisclosed current assets16,14623,62217,787
Total current assets:230,659138,906169,294
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization515,339  
Operating lease, right-of-use asset449,085  
Property, plant and equipment697,850652,847534,721
Intangible assets, net (including goodwill)844,524841,389835,262
Goodwill753,538748,594742,669
Intangible assets, net (excluding goodwill)90,98692,79592,593
Deferred income tax assets73,807  
Other noncurrent assets12,09638,64341,022
Other undisclosed noncurrent assets17,914269,484274,126
Total noncurrent assets:2,610,6151,802,3631,685,131
TOTAL ASSETS:2,841,2741,941,2691,854,425
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:121,226121,202119,732
Interest and dividends payable498
Taxes payable2,417
Employee-related liabilities15,746
Accounts payable53,51344,59038,217
Accrued liabilities35,05776,61262,854
Other undisclosed accounts payable and accrued liabilities32,656  
Debt12,6345,8214,966
Other liabilities14,28111,99513,123
Other undisclosed current liabilities20,570 (18,661)
Total current liabilities:168,711139,018119,160
Noncurrent Liabilities
Long-term debt and lease obligation1,791,137  
Long-term debt, excluding current maturities 1,138,687  
Finance lease, liability652,450  
Liabilities, other than long-term debt469,83579,35454,445
Deferred income tax liabilities 4,160  
Liability for uncertainty in income taxes   27
Other liabilities34,38079,35454,418
Operating lease, liability431,295  
Other undisclosed noncurrent liabilities112,0411,569,4621,488,500
Total noncurrent liabilities:2,373,0131,648,8161,542,945
Total liabilities:2,541,7241,787,8341,662,105
Temporary equity, carrying amount144,329211,667206,002
Equity
Equity, attributable to parent, including:155,221(58,232)(13,682)
Treasury stock, value(135,401)(47,968)(34,557)
Additional paid in capital506,112336,261335,015
Accumulated other comprehensive income (loss)4,152(1,592)(1,306)
Accumulated deficit(219,659)(344,950)(312,851)
Other undisclosed equity, attributable to parent171717
Total equity:155,221(58,232)(13,682)
TOTAL LIABILITIES AND EQUITY:2,841,2741,941,2691,854,425

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

9/30/2023
TTM
6/30/2023
12/31/2022
TTM
6/30/2022
Revenues1,058,7901,029,182911,705
Cost of revenue(716,384)(686,628)(609,971)
Gross profit:342,406342,554301,734
Operating expenses(141,606)(133,784)(185,109)
Operating income:200,800208,770116,625
Nonoperating expense(202,995)(244,768)(147,249)
Interest and debt expense(42,378) (953)
Other undisclosed loss from continuing operations before equity method investments, income taxes   
Loss from continuing operations before equity method investments, income taxes:(44,573)(35,998)(31,577)
Other undisclosed income from continuing operations before income taxes42,378 953
Income (loss) from continuing operations before income taxes:(2,195)(35,998)(30,624)
Income tax expense (benefit)84,243(7,145)690
Income (loss) from continuing operations:82,048(43,143)(29,934)
Loss before gain (loss) on sale of properties:(44,578)(29,934)
Net income (loss) attributable to parent:82,048(43,143)(29,934)
Preferred stock dividends and other adjustments(23,831)(11,364)(10,233)
Undistributed earnings (loss) allocated to participating securities, basic(4,881)  
Other undisclosed net loss available to common stockholders, basic   
Net income (loss) available to common stockholders, diluted:53,336(54,507)(40,167)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
6/30/2023
12/31/2022
TTM
6/30/2022
Net income (loss):82,048(43,143)(29,934)
Comprehensive income (loss):82,048(43,143)(29,934)
Other undisclosed comprehensive income, net of tax, attributable to parent5,4583,8218,098
Comprehensive income (loss), net of tax, attributable to parent:87,506(39,322)(21,836)

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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