Driven Brands Holdings Inc. (DRVN) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
440 S. CHURCH STREET CHARLOTTE, NC 28202 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 75 - Automotive Repair, Services, And Parking (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments | 177 | 227 | 523 | |||
| Cash and cash equivalent | 177 | 227 | 523 | |||
| Restricted cash and investments | 1 | 1 | 1 | |||
| Receivables | 167 | 195 | 125 | |||
| Inventory, net of allowances, customer advances and progress billings | 83 | 72 | 47 | |||
| Inventory | 83 | 72 | 47 | |||
| Prepaid expense | 47 | 40 | 24 | |||
| Disposal group, including discontinued operation | 301 | 3 | ||||
| Other undisclosed current assets | 46 | 36 | 45 | |||
| Total current assets: | 821 | 571 | 769 | |||
| Noncurrent Assets | ||||||
| Finance lease, right-of-use asset, after accumulated amortization | 18 | |||||
| Operating lease, right-of-use asset | 1,389 | 1,299 | 996 | |||
| Property, plant and equipment | 1,438 | 1,546 | 1,351 | |||
| Long-term investments and receivables | 3 | |||||
| Accounts and financing receivable, after allowance for credit loss | 3 | |||||
| Intangible assets, net (including goodwill) | 2,195 | 3,043 | 2,727 | |||
| Goodwill | 1,456 | 2,277 | 1,910 | |||
| Intangible assets, net (excluding goodwill) | 739 | 766 | 816 | |||
| Capitalized contract cost, net | 6 | 7 | 11 | |||
| Deferred costs | 2 | |||||
| Deferred income tax assets | 4 | 3 | 2 | |||
| Other noncurrent assets | 31 | |||||
| Other undisclosed noncurrent assets | 36 | |||||
| Total noncurrent assets: | 5,090 | 5,928 | 5,088 | |||
| TOTAL ASSETS: | 5,911 | 6,500 | 5,857 | |||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts payable and accrued liabilities | 123 | 119 | 148 | |||
| Employee-related liabilities | ✕ | ✕ | ✕ | 65 | ||
| Accounts payable | 68 | 61 | 83 | |||
| Accrued liabilities | 55 | 58 | ||||
| Debt | 37 | 38 | 29 | |||
| Other undisclosed current liabilities | 267 | 349 | 291 | |||
| Total current liabilities: | 427 | 505 | 468 | |||
| Noncurrent Liabilities | ||||||
| Long-term debt and lease obligation | 2,926 | 2,746 | 3,316 | |||
| Long-term debt, excluding current maturities | 2,911 | 2,705 | 2,356 | |||
| Finance lease, liability | 15 | 41 | 28 | |||
| Liabilities, other than long-term debt | 1,548 | 1,518 | 324 | |||
| Accounts payable and accrued liabilities | 30 | 33 | 29 | |||
| Deferred revenue | 31 | 30 | 38 | |||
| Deferred income tax liabilities | 155 | 277 | 257 | |||
| Operating lease, liability | 1,333 | 1,178 | 932 | |||
| Other undisclosed noncurrent liabilities | 103 | 77 | 104 | |||
| Total noncurrent liabilities: | 4,577 | 4,341 | 3,744 | |||
| Total liabilities: | 5,004 | 4,846 | 4,212 | |||
| Equity | ||||||
| Equity, attributable to parent | 906 | 1,653 | 1,644 | |||
| Common stock | 2 | 2 | 2 | |||
| Additional paid in capital | 1,652 | 1,629 | 1,606 | |||
| Accumulated other comprehensive loss | (38) | (62) | (5) | |||
| Retained earnings (accumulated deficit) | (710) | 85 | 42 | |||
| Equity, attributable to noncontrolling interest | 1 | 1 | 1 | |||
| Total equity: | 907 | 1,654 | 1,645 | |||
| TOTAL LIABILITIES AND EQUITY: | 5,911 | 6,500 | 5,857 | |||
Income Statement (P&L) ($ in millions)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|---|
| Revenues | 2,304 | 2,033 | 1,467 | ||
| Gross profit: | 2,304 | 2,033 | 1,467 | ||
| Operating expenses | (2,991) | (1,834) | (1,290) | ||
| Operating income (loss): | (687) | 200 | 177 | ||
| Nonoperating income (expense) | 3 | 8 | (142) | ||
| Investment income, nonoperating | 25 | 12 | |||
| Gain (loss), foreign currency transaction, before tax | 3 | (17) | (25) | ||
| Interest and debt expense | (164) | (114) | (121) | ||
| Income (loss) from continuing operations before income taxes: | (848) | 93 | (87) | ||
| Income tax expense (benefit) | 103 | (25) | (25) | ||
| Income (loss) from continuing operations: | (745) | 68 | (112) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (112) | |
| Other undisclosed net income (loss) | (25) | 121 | |||
| Net income (loss): | (745) | 43 | 10 | ||
| Net income attributable to noncontrolling interest | 0 | 0 | |||
| Net income (loss) attributable to parent: | (745) | 43 | 10 | ||
| Undistributed earnings (loss) allocated to participating securities, basic | 16 | (1) | (0) | ||
| Net income (loss) available to common stockholders, basic: | (729) | 42 | 9 | ||
| Other undisclosed net income (loss) available to common stockholders, diluted | (3) | 0 | 0 | ||
| Net income (loss) available to common stockholders, diluted: | (733) | 42 | 9 | ||
Comprehensive Income ($ in millions)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|---|
| Net income (loss): | (745) | 43 | 10 | ||
| Other comprehensive income (loss) | 25 | (57) | (22) | ||
| Comprehensive loss: | (720) | (14) | (12) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (0) | 0 | 0 | ||
| Comprehensive loss, net of tax, attributable to parent: | (720) | (14) | (12) | ||
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.