Darden Restaurants, Inc. (DRI) financial statements (2021 and earlier)

Company profile

Business Address 1000 DARDEN CENTER DRIVE
ORLANDO, FL 32837
State of Incorp. FL
Fiscal Year End May 31
SIC 5812 - Eating Places (benchmarking)
More info Complete financial analysis Financial benchmarking

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

11/30/2020
Q2
8/31/2020
Q1
5/31/2020
Q4
2/29/2020
Q3
11/30/2019
Q2
8/31/2019
Q1
5/31/2019
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments777655763322157351457
Cash and cash equivalents777655763322157351457
Receivables46475051575188
Inventory, net of allowances, customer advances and progress billings203190207230212199207
Inventory203190207230212199207
Prepaid expense2216182043142
Other undisclosed current assets61636364666898
Total current assets:1,1109711,101686536670893
Noncurrent Assets
Operating lease, right-of-use asset3,9103,9513,9694,0304,0293,997 
Property, plant and equipment2,7762,7402,7572,7952,7312,6112,553
Intangible assets, net (including goodwill)1,8441,8441,8432,1562,1502,1512,135
Goodwill1,0371,0371,0371,2061,1991,2001,184
Intangible assets, net (excluding goodwill)806806806951951951951
Other noncurrent assets288284275306297291313
Total noncurrent assets:8,8188,8198,8459,2879,2079,0495,000
TOTAL ASSETS:9,9289,7909,9469,9739,7439,7205,893
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities419436449573549562574
Accounts payable236249249360340344333
Employee-related liabilities130129150155137136175
Taxes payable54585058728266
Deferred revenue440449468476390389429
Debt  270    
Other liabilities687660606635618598472
Total current liabilities:1,5461,5441,7931,6831,5581,5491,474
Noncurrent Liabilities
Long-term debt and lease obligation5,1525,1935,2055,2465,2345,1941,282
Long-term debt, excluding current maturities929929929929928928928
Operating lease, liability4,2234,2644,2764,3174,3064,266354
Liabilities, other than long-term debt774677617703677596744
Deferred income tax liabilities454356189182166157
Other liabilities729634561515495431587
Total noncurrent liabilities:5,9265,8715,8225,9495,9125,7902,026
Total liabilities:7,4737,4157,6157,6327,4697,3383,500
Stockholders' equity
Stockholders' equity attributable to parent, including:2,4552,3752,3312,3412,2742,3812,393
Deferred compensation equity    (0)(1)(1)
Accumulated other comprehensive loss(7)(13)(18)(0)(1)(101)(98)
Retained earnings223167144649585790807
Other undisclosed stockholders' equity attributable to parent2,2392,2212,2051,6931,6901,6931,685
Total stockholders' equity:2,4552,3752,3312,3412,2742,3812,393
TOTAL LIABILITIES AND EQUITY:9,9289,7909,9469,9739,7439,7205,893

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

11/30/2020
Q2
8/31/2020
Q1
5/31/2020
Q4
2/29/2020
Q3
11/30/2019
Q2
8/31/2019
Q1
5/31/2019
Q4
Revenues1,6571,5271,2702,3472,0562,1342,229
Cost of revenue(1,427)(1,314)(1,528)(1,895)(1,737)(1,764)(1,813)
Cost of goods and services sold(536)(501)(533)(754)(692)(704)(718)
Other undisclosed gross profit675923715201619
Gross profit:297273(21)466339386435
Operating expenses(109)(157)(334)(173)(159)(168)(186)
Other undisclosed operating loss(67)(59)(237)(15)(20)(16)(19)
Operating income (loss):12157(592)278160202230
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(0)(8)2 (153)  
Interest and debt expense  (38)(4)(4)(3) 
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(15)(17)18(9)(9)(8)(12)
Income (loss) from continuing operations before income taxes:10633(610)265(6)190218
Income tax expense (benefit)(9)5131(32)32(19)(9)
Income (loss) from continuing operations:9737(480)23325172209
Loss from discontinued operations(1)(1)(0)(1)(1)(1)(1)
Net income (loss) available to common stockholders, diluted:9636(480)23225171208

Comprehensive Income ($ in millions)

11/30/2020
Q2
8/31/2020
Q1
5/31/2020
Q4
2/29/2020
Q3
11/30/2019
Q2
8/31/2019
Q1
5/31/2019
Q4
Net income (loss):9636(480)23225171208
Other comprehensive income (loss)(0)(0)20(33)  
Other undisclosed comprehensive income      6
Comprehensive income (loss):9636(479)232(8)171214
Other undisclosed comprehensive income (loss), net of tax, attributable to parent65(19) 133(3)(24)
Comprehensive income (loss), net of tax, attributable to parent:10141(497)232125168191

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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