Krispy Kreme Inc. (DNUT) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
2116 HAWKINS STREET CHARLOTTE, NC 28203 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| Industry (SIC) | 54 - Food Stores (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 9/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments | 38 | 35 | 39 | |||
| Cash and cash equivalents | 38 | 35 | 39 | |||
| Restricted cash and investments | 0 | 0 | 1 | |||
| Receivables | 59 | 51 | 47 | |||
| Inventory, net of allowances, customer advances and progress billings | 35 | 46 | 35 | |||
| Inventory | 35 | 46 | 35 | |||
| Other undisclosed current assets | 41 | 45 | 35 | |||
| Total current assets: | 174 | 178 | 157 | |||
| Noncurrent Assets | ||||||
| Finance lease, right-of-use asset, after accumulated amortization | 41 | 27 | 19 | |||
| Operating lease, right-of-use asset | 457 | 417 | 435 | |||
| Property, plant and equipment | 10 | 10 | 5 | |||
| Long-term investments and receivables | ||||||
| Long-term investments | ||||||
| Intangible assets, net (including goodwill) | 2,048 | 2,054 | 2,098 | |||
| Goodwill | 1,102 | 1,088 | 1,105 | |||
| Intangible assets, net (excluding goodwill) | 946 | 966 | 993 | |||
| Other noncurrent assets | 24 | 27 | 16 | |||
| Other undisclosed noncurrent assets | 486 | 436 | 415 | |||
| Total noncurrent assets: | 3,067 | 2,970 | 2,988 | |||
| TOTAL ASSETS: | 3,241 | 3,149 | 3,145 | |||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts payable and accrued liabilities | 290 | 330 | 323 | |||
| Accounts payable | 156 | 225 | 182 | |||
| Accrued liabilities | 134 | 104 | 141 | |||
| Deferred revenue | 22 | 19 | 17 | |||
| Debt | 55 | 40 | 37 | |||
| Other undisclosed current liabilities | 158 | 127 | 149 | |||
| Total current liabilities: | 526 | 516 | 526 | |||
| Noncurrent Liabilities | ||||||
| Long-term debt and lease obligation, including: | 837 | 739 | 680 | |||
| Long-term debt, excluding current maturities | ||||||
| Finance lease, liability | 38 | 28 | 23 | |||
| Other undisclosed long-term debt and lease obligation | 798 | 712 | 242 | |||
| Liabilities, other than long-term debt | 585 | 560 | 148 | |||
| Deferred revenue | 6 | 4 | 3 | |||
| Deferred income tax liabilities | 124 | 143 | 145 | |||
| Operating lease, liability | 455 | 413 | 415 | |||
| Other undisclosed noncurrent liabilities | 30 | 34 | 455 | |||
| Total noncurrent liabilities: | 1,451 | 1,333 | 1,283 | |||
| Total liabilities: | 1,977 | 1,850 | 1,810 | |||
| Equity | ||||||
| Equity, attributable to parent | 1,170 | 1,196 | 1,232 | |||
| Common stock | 2 | 2 | 2 | |||
| Additional paid in capital | 1,444 | 1,426 | 1,415 | |||
| Accumulated other comprehensive income (loss) | 7 | (9) | (2) | |||
| Accumulated deficit | (279) | (217) | (178) | |||
| Receivable from shareholders or affiliates for issuance of capital stock | (4) | (5) | (4) | |||
| Equity, attributable to noncontrolling interest | 94 | 103 | 104 | |||
| Total equity: | 1,264 | 1,299 | 1,336 | |||
| TOTAL LIABILITIES AND EQUITY: | 3,241 | 3,149 | 3,145 | |||
Income Statement (P&L) ($ in millions)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|---|
| Revenues | 1,686 | 1,530 | 1,384 | ||
| Cost of revenue | (11) | (1) | (0) | ||
| Cost of goods and services sold | (11) | (1) | |||
| Provision for loan, lease, and other losses | (0) | ||||
| Gross profit: | 1,675 | 1,529 | 1,384 | ||
| Operating expenses | (1,173) | (1,042) | (960) | ||
| Other operating income (expense), net | (10) | (10) | 10 | ||
| Other nonrecurring (income) expense | (4) | (6) | (5) | ||
| Other undisclosed operating loss | (478) | (448) | (393) | ||
| Operating income (loss): | 13 | 29 | 41 | ||
| Nonoperating expense (Other Nonoperating expense) | (4) | (3) | (2) | ||
| Interest and debt expense | (0) | (2) | (10) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 9 | 24 | 29 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (50) | (32) | (33) | ||
| Income (loss) from continuing operations before income taxes: | (41) | (8) | (4) | ||
| Income tax expense (benefit) | 4 | (1) | (11) | ||
| Income (loss) from continuing operations: | (37) | (9) | (15) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (15) | |
| Net income (loss): | (37) | (9) | (15) | ||
| Net income (loss) attributable to noncontrolling interest | (1) | (7) | (10) | ||
| Net income (loss) attributable to parent: | (38) | (16) | (25) | ||
| Undistributed earnings (loss) allocated to participating securities, basic | (0) | (1) | |||
| Net income (loss) available to common stockholders, basic: | (38) | (16) | (26) | ||
| Dilutive securities, effect on basic earnings per share | (0) | (0) | (0) | ||
| Net income (loss) available to common stockholders, diluted: | (38) | (16) | (26) | ||
Comprehensive Income ($ in millions)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|---|
| Net income (loss): | (37) | (9) | (15) | ||
| Other comprehensive income (loss) | 17 | (8) | (2) | ||
| Comprehensive income (loss): | (19) | (17) | (17) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (2) | (5) | (9) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (22) | (22) | (26) | ||
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.