Del Frisco's Restaurant Group, Inc. (DFRG) Financial Statements (2024 and earlier)

Company Profile

Business Address 2900 RANCH TRAIL
IRVING, TX 75063
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)

6/30/2019
MRQ
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments  4,59414,6225,1763,52013,674
Cash and cash equivalents  4,59414,6225,1763,52013,674
Receivables 9,6365,1087,6247,739  
Inventory, net of allowances, customer advances and progress billings 22,46118,02916,40017,30816,59214,094
Inventory 22,46118,02916,40017,30816,59214,094
Prepaid expense 8,2845,8805,199   
Income taxes receivable4,7691,471
Other current assets 9,0433,3922,835   
Other undisclosed current assets 8,535  10,53814,75212,593
Total current assets: 57,95937,00346,68040,76139,63341,832
Noncurrent Assets
Property, plant and equipment 287,803175,355195,992183,191154,999124,091
Intangible assets, net (including goodwill) 362,70499,241112,774112,230111,940111,713
Goodwill 156,13162,24175,36575,36575,36575,365
Intangible assets, net (excluding goodwill) 206,57337,00037,40936,86536,57536,348
Deferred costs 13,55614,64415,05413,955  
Other noncurrent assets 4,010544282282321230
Other undisclosed noncurrent assets     12,77310,785
Total noncurrent assets: 668,073289,784324,102309,658280,033246,819
TOTAL ASSETS: 726,032326,787370,782350,419319,666288,651
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 58,00024,67022,68124,71920,90816,032
Taxes payable 3,2153,3142,5312,6952,9222,030
Employee-related liabilities 11,2587,4157,3595,5385,7885,524
Accounts payable 43,52713,94112,79116,48612,1988,478
Debt 3,100   861761
Deferred rent credit 4,193
Self insurance reserve    7981,7931,778
Deferred revenue and credits17,64618,73519,58917,50214,379
Contract with customer, liability 16,624
Other liabilities 6,0269,5169,6602,2811,5361,595
Other undisclosed current liabilities 1,714   (861)(761)
Total current liabilities: 89,65751,83251,07647,38741,73933,784
Noncurrent Liabilities
Long-term debt and lease obligation 332,56424,477 4,500  
Long-term debt, excluding current maturities 320,73624,477 4,500  
Capital lease obligations 11,828     
Liabilities, other than long-term debt 66,32958,15373,34070,83366,94458,084
Deferred revenue and credits44,83037,69734,33633,18627,511
Deferred compensation liability, classified 8,05911,32615,21214,08312,97911,022
Deferred rent credit 56,442
Deferred tax liabilities, net   18,18920,31416,17915,199
Other liabilities 1,8281,9972,2422,1004,6004,352
Other undisclosed noncurrent liabilities 23,9003,238    
Total noncurrent liabilities: 422,79385,86873,34075,33366,94458,084
Total liabilities: 512,450137,700124,416122,720108,68391,868
Equity
Equity, attributable to parent 213,582189,087246,366227,699210,983196,783
Common stock 372424242424
Treasury stock, value (67,823)(67,823)(17,823)(13,000)(10,000)(3,681)
Additional paid in capital 248,618147,503143,325137,601133,883129,961
Accumulated other comprehensive loss (629)     
Retained earnings 33,379109,383120,840103,07487,07670,479
Total equity: 213,582189,087246,366227,699210,983196,783
TOTAL LIABILITIES AND EQUITY: 726,032326,787370,782350,419319,666288,651

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

6/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues 378,216361,431351,681331,612301,805271,806
Cost of revenue (105,985)(103,976)(99,181)(95,963)(90,990)(82,209)
Gross profit: 272,231257,455252,500235,649210,815189,597
Operating expenses (237,795)(213,984)(203,484)(187,193)(164,509)(144,964)
Other undisclosed operating loss (56,966)(65,640)(23,940)(26,638)(21,766)(26,742)
Operating income (loss): (22,530)(22,169)25,07621,81824,54017,891
Nonoperating expense
(Other Nonoperating expense)
 (810)(1,439)(432)(236)(107)(51)
Interest and debt expense (18,266)  (77)(113)(72)
Other undisclosed loss from continuing operations before equity method investments, income taxes (13,913)(783)(70)   
Income (loss) from continuing operations before income taxes: (55,519)(24,391)24,57421,50524,32017,768
Income tax expense (benefit) 5,65312,934(6,808)(5,507)(7,723)(5,556)
Income (loss) from continuing operations: (49,866)(11,457)17,76615,99816,59712,212
Income (loss) before gain (loss) on sale of properties: (76,303)(11,457)17,76615,99816,59712,212
Loss from discontinued operations (26,437)     
Net income (loss) available to common stockholders, diluted: (76,303)(11,457)17,76615,99816,59712,212

Comprehensive Income ($ in thousands)

6/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss): (76,303)(11,457)17,76615,99816,59712,212
Other comprehensive loss (629)     
Comprehensive income (loss), net of tax, attributable to parent: (76,932)(11,457)17,76615,99816,59712,212

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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