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 | 4,594 | 14,622 | 5,176 | 3,520 | 13,674 | ||||
| Cash and cash equivalents | 4,594 | 14,622 | 5,176 | 3,520 | 13,674 | ||||
| Receivables | 9,636 | 5,108 | 7,624 | 7,739 | |||||
| Inventory, net of allowances, customer advances and progress billings | 22,461 | 18,029 | 16,400 | 17,308 | 16,592 | 14,094 | |||
| Inventory | 22,461 | 18,029 | 16,400 | 17,308 | 16,592 | 14,094 | |||
| Prepaid expense | 8,284 | 5,880 | 5,199 | ||||||
| Other current assets | 9,043 | 3,392 | 2,835 | ||||||
| Income taxes receivable | ✕ | ✕ | ✕ | ✕ | ✕ | 4,769 | 1,471 | ||
| Other undisclosed current assets | 8,535 | 10,538 | 14,752 | 12,593 | |||||
| Total current assets: | 57,959 | 37,003 | 46,680 | 40,761 | 39,633 | 41,832 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 287,803 | 175,355 | 195,992 | 183,191 | 154,999 | 124,091 | |||
| Intangible assets, net (including goodwill) | 362,704 | 99,241 | 112,774 | 112,230 | 111,940 | 111,713 | |||
| Goodwill | 156,131 | 62,241 | 75,365 | 75,365 | 75,365 | 75,365 | |||
| Intangible assets, net (excluding goodwill) | 206,573 | 37,000 | 37,409 | 36,865 | 36,575 | 36,348 | |||
| Deferred costs | 13,556 | 14,644 | 15,054 | 13,955 | |||||
| Other noncurrent assets | 4,010 | 544 | 282 | 282 | 321 | 230 | |||
| Other undisclosed noncurrent assets | 12,773 | 10,785 | |||||||
| Total noncurrent assets: | 668,073 | 289,784 | 324,102 | 309,658 | 280,033 | 246,819 | |||
| TOTAL ASSETS: | 726,032 | 326,787 | 370,782 | 350,419 | 319,666 | 288,651 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 58,000 | 24,670 | 22,681 | 24,719 | 20,908 | 16,032 | |||
| Taxes payable | 3,215 | 3,314 | 2,531 | 2,695 | 2,922 | 2,030 | |||
| Employee-related liabilities | 11,258 | 7,415 | 7,359 | 5,538 | 5,788 | 5,524 | |||
| Accounts payable | 43,527 | 13,941 | 12,791 | 16,486 | 12,198 | 8,478 | |||
| Debt | 3,100 | 861 | 761 | ||||||
| Deferred rent credit | 4,193 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Self insurance reserve | 798 | 1,793 | 1,778 | ||||||
| Other liabilities | 6,026 | 9,516 | 9,660 | 2,281 | 1,536 | 1,595 | |||
| Deferred revenue and credits | ✕ | ✕ | 17,646 | 18,735 | 19,589 | 17,502 | 14,379 | ||
| Contract with customer, liability | 16,624 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Other undisclosed current liabilities | 1,714 | (861) | (761) | ||||||
| Total current liabilities: | 89,657 | 51,832 | 51,076 | 47,387 | 41,739 | 33,784 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 332,564 | 24,477 | 4,500 | ||||||
| Long-term debt, excluding current maturities | 320,736 | 24,477 | 4,500 | ||||||
| Capital lease obligations | 11,828 | ||||||||
| Liabilities, other than long-term debt | 66,329 | 58,153 | 73,340 | 70,833 | 66,944 | 58,084 | |||
| Deferred revenue and credits | ✕ | ✕ | 44,830 | 37,697 | 34,336 | 33,186 | 27,511 | ||
| Deferred compensation liability, classified | 8,059 | 11,326 | 15,212 | 14,083 | 12,979 | 11,022 | |||
| Deferred rent credit | 56,442 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Deferred tax liabilities, net | 18,189 | 20,314 | 16,179 | 15,199 | |||||
| Other liabilities | 1,828 | 1,997 | 2,242 | 2,100 | 4,600 | 4,352 | |||
| Other undisclosed noncurrent liabilities | 23,900 | 3,238 | |||||||
| Total noncurrent liabilities: | 422,793 | 85,868 | 73,340 | 75,333 | 66,944 | 58,084 | |||
| Total liabilities: | 512,450 | 137,700 | 124,416 | 122,720 | 108,683 | 91,868 | |||
| Equity | |||||||||
| Equity, attributable to parent | 213,582 | 189,087 | 246,366 | 227,699 | 210,983 | 196,783 | |||
| Common stock | 37 | 24 | 24 | 24 | 24 | 24 | |||
| Treasury stock, value | (67,823) | (67,823) | (17,823) | (13,000) | (10,000) | (3,681) | |||
| Additional paid in capital | 248,618 | 147,503 | 143,325 | 137,601 | 133,883 | 129,961 | |||
| Accumulated other comprehensive loss | (629) | ||||||||
| Retained earnings | 33,379 | 109,383 | 120,840 | 103,074 | 87,076 | 70,479 | |||
| Total equity: | 213,582 | 189,087 | 246,366 | 227,699 | 210,983 | 196,783 | |||
| TOTAL LIABILITIES AND EQUITY: | 726,032 | 326,787 | 370,782 | 350,419 | 319,666 | 288,651 | |||
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 | 378,216 | 361,431 | 351,681 | 331,612 | 301,805 | 271,806 | ||
| Cost of revenue | (105,985) | (103,976) | (99,181) | (95,963) | (90,990) | (82,209) | ||
| Gross profit: | 272,231 | 257,455 | 252,500 | 235,649 | 210,815 | 189,597 | ||
| 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) | 25,076 | 21,818 | 24,540 | 17,891 | ||
| 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) | 24,574 | 21,505 | 24,320 | 17,768 | ||
| Income tax expense (benefit) | 5,653 | 12,934 | (6,808) | (5,507) | (7,723) | (5,556) | ||
| Income (loss) from continuing operations: | (49,866) | (11,457) | 17,766 | 15,998 | 16,597 | 12,212 | ||
| Income (loss) before gain (loss) on sale of properties: | (76,303) | (11,457) | 17,766 | 15,998 | 16,597 | 12,212 | ||
| Loss from discontinued operations | (26,437) | |||||||
| Net income (loss) available to common stockholders, diluted: | (76,303) | (11,457) | 17,766 | 15,998 | 16,597 | 12,212 | ||
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) | 17,766 | 15,998 | 16,597 | 12,212 | ||
| Other comprehensive loss | (629) | |||||||
| Comprehensive income (loss), net of tax, attributable to parent: | (76,932) | (11,457) | 17,766 | 15,998 | 16,597 | 12,212 | ||
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.