Del Frisco's Restaurant Group, Inc. (DFRG) financial statements (2022 and earlier)

Company profile

Business Address 2900 RANCH TRAIL
IRVING, TX 75063
State of Incorp. DE
Fiscal Year End December 31
SIC 5812 - Eating Places (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
12/31/2017
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments10,6714,651 4,3448972,9794,594
Cash and cash equivalents10,6714,651 4,3448972,9794,594
Receivables6,1734,2669,63611,1479,4029,2685,108
Inventory, net of allowances, customer advances and progress billings23,05522,61322,46120,66818,23818,11518,029
Inventory23,05522,61322,46120,66818,23818,11518,029
Prepaid expense3,6233,7908,2846,272  5,880
Other current assets5,0919,6529,0436,871  3,392
Other undisclosed current assets  8,535 6,7896,272 
Total current assets:48,61344,97257,95949,30235,32636,63437,003
Noncurrent Assets
Operating lease, right-of-use asset166,204 
Property, plant and equipment296,310291,107287,803268,162201,250182,695175,355
Intangible assets, net (including goodwill)364,989361,865362,704365,66199,10199,13399,241
Goodwill159,279156,131156,131159,27862,15762,15762,241
Intangible assets, net (excluding goodwill)205,710205,734206,573206,38336,94436,97637,000
Deferred costs  13,556   14,644
Other noncurrent assets20,50218,5654,01019,54715,40214,892544
Other undisclosed noncurrent assets 154,268  2,043  
Total noncurrent assets:848,005825,805668,073653,370317,796296,720289,784
TOTAL ASSETS:896,618870,777726,032702,672353,122333,354326,787
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities50,27150,21058,00048,57825,34222,11924,670
Accounts payable38,36835,01143,52735,80216,02213,04713,941
Employee-related liabilities9,16712,42611,25810,2647,3427,3727,415
Taxes payable2,7362,7733,2152,5121,9781,7003,314
Deferred revenue13,605 
Debt31,4113,3533,1003,1004,655  
Deferred rent credit  4,1935,0245,998 
Deferred revenue and credits19,35917,646
Contract with customer, liability14,84816,62412,64013,116 
Other liabilities10,2926,6386,0265,0644,8154,3859,516
Other undisclosed current liabilities 29,7421,7141,706   
Total current liabilities:105,579104,79189,65776,11253,92645,86351,832
Noncurrent Liabilities
Long-term debt and lease obligation556,176336,140332,564307,66841,30230,54524,477
Long-term debt, excluding current maturities350,755336,140320,736297,20540,47629,70924,477
Finance lease, liability7,157 
Capital lease obligations11,82810,463826836 
Operating lease, liability198,264 
Liabilities, other than long-term debt35,94711,05366,32967,04867,69566,18258,153
Deferred revenue and credits50,41144,830
Deferred compensation liability, classified  8,059   11,326
Deferred rent credit  56,44254,44155,010 
Deferred tax liabilities, net   3,464 
Deferred income tax liabilities23,427 
Other liabilities12,52011,0531,82812,60712,68512,3071,997
Other undisclosed noncurrent liabilities 214,47723,90030,214  3,238
Total noncurrent liabilities:592,123561,670422,793404,930108,99796,72785,868
Total liabilities:697,702666,461512,450481,042162,923142,590137,700
Stockholders' equity
Stockholders' equity attributable to parent198,916204,316213,582221,630190,199190,764189,087
Common stock37373737242424
Treasury stock, value(67,823)(67,823)(67,823)(67,823)(67,823)(67,823)(67,823)
Additional paid in capital250,647249,650248,618247,656149,478148,481147,503
Accumulated other comprehensive income (loss)(1,329)(1,330)(629)314   
Retained earnings17,38423,78233,37941,446108,520110,082109,383
Total stockholders' equity:198,916204,316213,582221,630190,199190,764189,087
TOTAL LIABILITIES AND EQUITY:896,618870,777726,032702,672353,122333,354326,787

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

6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
12/31/2017
Q4
Revenues131,687120,381123,849105,30490,04089,303121,897
Cost of revenue(35,873)(33,292)(34,482)(28,749)(25,956)(26,154)(35,121)
Gross profit:95,81487,08989,36776,55564,08463,14986,776
Operating expenses(84,638)(80,762)(76,464)(69,800)(53,906)(54,566)(70,137)
Other undisclosed operating loss(11,784)(18,142)(18,853)(20,630)(12,715)(7,822)(43,969)
Operating income (loss):(608)(11,815)(5,950)(13,875)(2,537)761(27,330)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(32)13(277)(484)(50)1(1,384)
Interest and debt expense(230)      
Other undisclosed loss from continuing operations before equity method investments, income taxes(8,179)(7,720)(6,956)(24,410)(510)(303)(422)
Income (loss) from continuing operations before income taxes:(9,049)(19,522)(13,183)(38,769)(3,097)459(29,136)
Income tax expense (benefit)2,6511,1955,908(2,436)1,535(59)14,055
Income (loss) from continuing operations:(6,398)(18,327)(7,275)(41,205)(1,562)400(15,081)
Loss from discontinued operations  (792)(25,869)   
Net income (loss) available to common stockholders, diluted:(6,398)(18,327)(8,067)(67,074)(1,562)400(15,081)

Comprehensive Income ($ in thousands)

6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
12/31/2017
Q4
Net income (loss):(6,398)(18,327)(8,067)(67,074)(1,562)400(15,081)
Other comprehensive income (loss)1(701)(943)314   
Comprehensive income (loss), net of tax, attributable to parent:(6,397)(19,028)(9,010)(66,760)(1,562)400(15,081)

Statements sources

The financial statements are based on the company's filings with the 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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