Dine Brands Global, Inc. (DIN) Financial Statements (2024 and earlier)

Company Profile

Business Address 10 WEST WALNUT STREET, 5TH FLOOR
PASADENA, CA 91103
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)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments269,655361,412383,369116,043137,164117,010
Cash and cash equivalents269,655361,412383,369116,043137,164117,010
Restricted cash and investments38,92947,54139,88440,73248,51531,436
Receivables119,981119,968121,897136,869137,504150,174
Prepaid expense33,29838,70435,25849,36717,40243,654
Other current assets17,9016,7286,0983,9063,41012,615
Other undisclosed current assets     38,19540,725
Total current assets:479,764574,353586,506346,917382,190395,614
Noncurrent Assets
Operating lease, right-of-use asset289,123335,428346,086366,931
Net investment in lease, before allowance for credit loss14,90010,10014,300 
Property, plant and equipment    216,420240,264199,585
Long-term investments and receivables39,70042,50054,50085,999103,102131,212
Accounts and financing receivable, after allowance for credit loss39,70042,50054,50085,999103,102131,212
Intangible assets, net (including goodwill)850,984791,018801,299918,965931,203922,023
Goodwill253,956251,628251,628343,862345,314339,236
Intangible assets, net (excluding goodwill)597,028539,390549,671575,103585,889582,787
Deferred rent receivables, net42,32950,25756,44970,30877,06982,971
Restricted cash and investments16,40016,40032,80015,70014,700 
Other noncurrent assets17,91710,0069,31628,27126,15218,835
Other undisclosed noncurrent assets130,374169,304173,689   
Total noncurrent assets:1,401,7271,425,0131,488,4391,702,5941,392,4901,354,626
TOTAL ASSETS:1,881,4911,999,3662,074,9452,049,5111,774,6801,750,240
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities224,033269,190202,820102,323267,017268,544
Interest and dividends payable6,919 11,70211,38917,748
Employee-related liabilities40,78521,23723,90427,47913,547
Accounts payable52,06755,95637,42440,92543,46855,028
Accrued liabilities171,966165,530144,15925,792184,681182,221
Deferred revenue  7,2467,68210,086
Debt106,6009,90023,60085,71538,40026,865
Contract with customer, liability10,138
Other liabilities24,44617,77022,460   
Other undisclosed current liabilities115,643106,62492,006159,788631293
Total current liabilities:470,722410,730348,568357,912316,186295,702
Noncurrent Liabilities
Long-term debt and lease obligation1,272,2911,660,0961,906,1711,724,6661,361,8491,331,744
Long-term debt, excluding current maturities1,241,9141,279,6231,491,9961,288,2481,274,0871,269,849
Capital lease obligations87,76261,895
Finance lease, liability30,37759,62569,01277,393
Liabilities, other than long-term debt411,204139,380142,060171,025154,62092,115
Accounts payable and accrued liabilities     62,74469,112
Deferred revenue42,34346,10052,23756,944
Contract with customer, liability64,557
Deferred income tax liabilities74,65176,22878,29398,499
Other liabilities19,09017,05211,53015,58227,31923,003
Operating lease, liability275,120320,848345,163359,025
Other undisclosed noncurrent liabilities28,35831,96732,79737,682144,298177,377
Total noncurrent liabilities:1,711,8531,831,4432,081,0281,933,3731,660,7671,601,236
Total liabilities:2,182,5752,242,1732,429,5962,291,2851,976,9531,896,938
Equity
Equity, attributable to parent(301,084)(242,807)(354,651)(241,774)(202,273)(146,698)
Common stock250250249249250250
Treasury stock, value(645,146)(534,602)(556,917)(549,810)(450,603)(422,153)
Additional paid in capital259,339256,189257,625246,192237,726276,408
Accumulated other comprehensive loss(65)(59)(55)(58)(60)(105)
Retained earnings (accumulated deficit)84,53835,415(55,553)61,65310,414(1,098)
Total equity:(301,084)(242,807)(354,651)(241,774)(202,273)(146,698)
TOTAL LIABILITIES AND EQUITY:1,881,4911,999,3662,074,9452,049,5111,774,6801,750,240

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues909,402896,167689,268910,178780,931604,819
Revenue, net475,030
Cost of revenue(532,044)(520,942)(440,552)(527,364)(427,844)(263,173)
Cost of goods and services sold(321,908)(295,887)(238,972)(312,754)(330,619)(171,983)
Other cost of operating revenue(121,722)(136,748)(111,550)(123,272)(5,872) 
Gross profit:377,358375,225248,716382,814353,087341,646
Operating expenses(198,769)(184,562)(157,763)(175,685)(178,270)(173,407)
Operating income:178,589190,66390,953207,129174,817168,239
Interest and debt expense(67,600)(71,500)(66,895)(68,669)(64,209)(61,979)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes   (132,620)13 (531,634)
Income (loss) from continuing operations before equity method investments, income taxes:110,989119,163(108,562)138,473110,608(425,374)
Other undisclosed income from continuing operations before income taxes3,7962,760    
Income (loss) from continuing operations before income taxes:114,785121,923(108,562)138,473110,608(425,374)
Income tax expense (benefit)(33,674)(24,059)4,568(34,127)(30,254)94,835
Income (loss) from continuing operations:81,11197,864(103,994)104,34680,354(330,539)
Income (loss) before gain (loss) on sale of properties:97,864(103,994)104,34680,354(330,539)
Net income (loss) attributable to parent:81,11197,864(103,994)104,34680,354(330,539)
Undistributed earnings (loss) allocated to participating securities, basic(2,174)(2,295)(420)(3,532)(2,711) 
Other undisclosed net income available to common stockholders, basic      6,519
Net income (loss) available to common stockholders, basic:78,93795,569(104,414)100,81477,643(324,020)
Dilutive securities, effect on basic earnings per share 113 3316 
Net income (loss) available to common stockholders, diluted:78,93895,582(104,414)100,84777,659(324,020)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):81,11197,864(103,994)104,34680,354(330,539)
Other comprehensive income (loss)(6)(4)32452
Comprehensive income (loss), net of tax, attributable to parent:81,10597,860(103,991)104,34880,399(330,537)

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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