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)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments146,03498,19797,953181,606269,655355,288
Cash and cash equivalents146,03498,19797,953181,606269,655355,288
Restricted cash and investments35,05841,93239,36537,09838,92952,517
Receivables127,93785,74290,59693,119119,98189,529
Prepaid expense32,99026,61328,54023,71733,29828,097
Disposal group, including discontinued operation      109,280
Other current assets15,75911,31713,35212,83117,90111,075
Total current assets:357,778263,801269,806348,371479,764645,786
Noncurrent Assets
Operating lease, right-of-use asset275,214283,854283,892290,859289,123298,102
Net investment in lease, before allowance for credit loss16,40014,80013,70014,20014,90015,500
Long-term investments and receivables35,60035,70036,00037,80039,70043,200
Accounts and financing receivable, after allowance for credit loss35,60035,70036,00037,80039,70043,200
Intangible assets, net (including goodwill)840,095842,749845,494848,453850,984773,991
Goodwill254,062254,057254,057254,120253,956247,002
Intangible assets, net (excluding goodwill)586,033588,692591,437594,333597,028526,989
Deferred rent receivables, net33,32635,53737,67839,77242,32944,306
Restricted cash and investments19,50019,50019,50016,40016,40016,400
Other noncurrent assets16,88116,40716,69117,66817,91714,823
Other undisclosed noncurrent assets145,493147,233143,792144,546130,374119,913
Total noncurrent assets:1,382,5091,395,7801,396,7471,409,6981,401,7271,326,235
TOTAL ASSETS:1,740,2871,659,5811,666,5531,758,0691,881,4911,972,021
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities211,833160,370170,996179,854224,033187,728
Employee-related liabilities20,786
Accounts payable36,19328,88033,46639,08552,06740,781
Accrued liabilities175,640131,490137,530140,769171,966126,161
Deferred revenue      7,000
Debt105,900105,700105,900106,200106,600109,200
Disposal group, including discontinued operation      96,023
Other liabilities37,39423,90428,95627,87124,44622,975
Other undisclosed current liabilities105,32594,36394,33091,247115,64396,180
Total current liabilities:460,452384,337400,182405,172470,722519,106
Noncurrent Liabilities
Long-term debt and lease obligation1,118,8911,116,6571,115,2861,207,8201,272,2911,592,377
Long-term debt, excluding current maturities1,084,5021,084,0111,083,5271,174,5641,241,9141,281,318
Finance lease, liability34,38932,64631,75933,25630,37731,439
Liabilities, other than long-term debt384,934404,951404,396405,731411,204133,560
Deferred revenue38,65840,14340,95641,20442,34342,616
Deferred income tax liabilities60,82970,22970,03667,35174,65174,681
Other liabilities16,35017,76217,43717,41019,09016,263
Operating lease, liability269,097276,817275,967279,766275,120279,620
Other undisclosed noncurrent liabilities26,98427,34227,69028,02928,35828,572
Total noncurrent liabilities:1,530,8091,548,9501,547,3721,641,5801,711,8531,754,509
Total liabilities:1,991,2611,933,2871,947,5542,046,7522,182,5752,273,615
Equity
Equity, attributable to parent(250,974)(273,706)(281,001)(288,683)(301,084)(301,594)
Common stock249249249249250250
Treasury stock, value(657,709)(651,774)(646,219)(640,986)(645,146)(639,463)
Additional paid in capital256,542253,080250,808248,187259,339256,508
Accumulated other comprehensive loss(64)(67)(65)(64)(65)(68)
Retained earnings150,008124,806114,226103,93184,53881,179
Total equity:(250,974)(273,706)(281,001)(288,683)(301,084)(301,594)
TOTAL LIABILITIES AND EQUITY:1,740,2871,659,5811,666,5531,758,0691,881,4911,972,021

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

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Revenues206,302202,584208,415213,767207,965233,220
Cost of revenue(107,874)(105,286)(111,073)(110,151)(113,386)(138,889)
Cost of goods and services sold(85,619)(83,138)(88,280)(87,366)(81,343)(80,264)
Other cost of operating revenue(303)(323)(431)(1,079)(9,920)(36,513)
Gross profit:98,42897,29897,342103,61694,57994,331
Operating expenses(53,774)(53,318)(53,406)(53,932)(61,861)(47,497)
Operating income:44,65443,98043,93649,68432,71846,834
Interest and debt expense (20,000)(1,671)1,661(66,439)(1,161)
Income (loss) from continuing operations before equity method investments, income taxes:44,65423,98042,26551,345(33,721)45,673
Other undisclosed income (loss) from continuing operations before income taxes(18,504)967(17,828)(15,176)53,081(16,936)
Income from continuing operations before income taxes:26,15024,94724,43736,16919,36028,737
Income tax expense (benefit)6,889(6,468)(6,189)(8,759)(8,009)(7,789)
Income from continuing operations:33,03918,47918,24827,41011,35120,948
Income before gain (loss) on sale of properties:20,948
Net income attributable to parent:33,03918,47918,24827,41011,35120,948
Undistributed earnings (loss) allocated to participating securities, basic(766)(431)(446)(679)(322)(575)
Net income available to common stockholders, basic:32,27318,04817,80226,73111,02920,373
Dilutive securities, effect on basic earnings per share  1 1(2) 
Net income available to common stockholders, diluted:32,27318,04917,80226,73211,02720,373

Comprehensive Income ($ in thousands)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Net income:33,03918,47918,24827,41011,35120,948
Other comprehensive income (loss)3(2)(1)13(5)
Comprehensive income, net of tax, attributable to parent:33,04218,47718,24727,41111,35420,943

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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