Fiesta Restaurant Group, Inc. (FRGI) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
14800 LANDMARK BOULEVARD, SUITE 500 DALLAS, TX 75254 |
| 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)
| 6/30/2023 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 investments | 32,167 | 36,797 | 50,035 | 13,413 | 5,258 | 3,599 | |||
| Cash and cash equivalents | 32,167 | 36,797 | 50,035 | 13,413 | 5,258 | 3,599 | |||
| Receivables | 3,871 | 3,846 | 9,399 | 3,821 | 17,857 | 11,334 | |||
| Inventory, net of allowances, customer advances and progress billings | 1,962 | 2,524 | 4,205 | 3,394 | 2,842 | 2,880 | |||
| Inventory | 1,962 | 2,524 | 4,205 | 3,394 | 2,842 | 2,880 | |||
| Prepaid expense | 4,471 | 4,462 | 4,279 | 4,410 | 4,232 | 3,681 | |||
| Disposal group, including discontinued operation | 1,257 | 4,110 | 2,705 | ||||||
| Other current assets | 1,210 | 1,244 | 2,268 | 2,085 | 2,330 | 3,719 | |||
| Other undisclosed current assets | 9,010 | 10,169 | 12,583 | 8,050 | 11,880 | 13,130 | |||
| Total current assets: | 52,691 | 59,042 | 84,026 | 39,283 | 44,399 | 41,048 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 220 | ✕ | ✕ | ||||||
| Operating lease, right-of-use asset | 146,681 | 154,127 | 261,304 | 251,272 | ✕ | ✕ | |||
| Property, plant and equipment | 89,884 | 161,081 | 211,944 | 231,328 | 234,561 | ||||
| Intangible assets, net (including goodwill) | 56,307 | 56,307 | 56,307 | 56,307 | 123,484 | 123,484 | |||
| Goodwill | 56,307 | 56,307 | 56,307 | 56,307 | 123,484 | 123,484 | |||
| Other noncurrent assets | 5,906 | 7,753 | 6,025 | 9,835 | 9,065 | 6,988 | |||
| Deferred tax assets, net | ✕ | ✕ | ✕ | ✕ | ✕ | 10,383 | 17,232 | ||
| Other undisclosed noncurrent assets | 86,886 | ||||||||
| Total noncurrent assets: | 296,000 | 308,071 | 484,717 | 529,358 | 374,260 | 382,265 | |||
| TOTAL ASSETS: | 348,691 | 367,113 | 568,743 | 568,641 | 418,659 | 423,313 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 22,560 | 22,447 | 34,175 | 31,139 | 32,367 | 37,929 | |||
| Taxes payable | ✕ | ✕ | 1,630 | 6,600 | 6,497 | 5,871 | 5,860 | ||
| Employee-related liabilities | ✕ | ✕ | 8,475 | 14,236 | 9,866 | 10,086 | 11,776 | ||
| Accounts payable | 14,219 | 12,342 | 13,339 | 14,776 | 16,410 | 20,293 | |||
| Accrued liabilities | 8,341 | ||||||||
| Debt | 62 | 63 | 1,015 | 212 | 108 | 98 | |||
| Other liabilities | 17,680 | 18,032 | 29,719 | 32,269 | 14,086 | 21,817 | |||
| Total current liabilities: | 40,302 | 40,542 | 64,909 | 63,620 | 46,561 | 59,844 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 367 | 438 | 72,328 | 76,823 | 79,636 | 76,425 | |||
| Long-term debt, excluding current maturities | 367 | 438 | 72,328 | 76,823 | 79,636 | 76,425 | |||
| Capital lease obligations | ✕ | ✕ | ✕ | ✕ | ✕ | 1,636 | 1,425 | ||
| Finance lease, liability | 367 | 438 | 1,593 | 1,823 | ✕ | ✕ | |||
| Other undisclosed long-term debt and lease obligation | (367) | (163,708) | (269,679) | (258,621) | (1,636) | (1,425) | |||
| Liabilities, other than long-term debt | 162,765 | 7,992 | 15,639 | 8,405 | 32,504 | 32,062 | |||
| Deferred income tax liabilities | 202 | 229 | 4,109 | ✕ | ✕ | ||||
| Other liabilities | 7,208 | 7,763 | 11,530 | 8,405 | 32,504 | 32,062 | |||
| Operating lease, liability | 155,355 | 163,270 | 268,086 | 256,798 | ✕ | ✕ | |||
| Other undisclosed noncurrent liabilities | 163,270 | 268,086 | 261,557 | 19,899 | 23,466 | ||||
| Total noncurrent liabilities: | 163,132 | 171,700 | 356,053 | 346,785 | 132,039 | 131,953 | |||
| Total liabilities: | 203,434 | 212,242 | 420,962 | 410,405 | 178,600 | 191,797 | |||
| Equity | |||||||||
| Equity, attributable to parent | 145,257 | 154,871 | 147,781 | 158,236 | 240,059 | 231,516 | |||
| Common stock | 282 | 277 | 273 | 271 | 270 | 268 | |||
| Treasury stock, value | (31,037) | (30,135) | (20,779) | (17,051) | (2,769) | ||||
| Additional paid in capital | 188,528 | 182,686 | 176,614 | 173,132 | 170,290 | 166,823 | |||
| Retained earnings (accumulated deficit) | (12,516) | 2,043 | (8,327) | 1,884 | 72,268 | 64,425 | |||
| Total equity: | 145,257 | 154,871 | 147,781 | 158,236 | 240,059 | 231,516 | |||
| TOTAL LIABILITIES AND EQUITY: | 348,691 | 367,113 | 568,743 | 568,641 | 418,659 | 423,313 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 6,523 | 6,092 | 554,803 | 660,943 | 688,597 | 669,132 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 669,132 | |
| Sublease income | 6,523 | 6,092 | 5,300 | 4,037 | ✕ | ✕ | ||
| Cost of revenue (Cost of Goods and Services Sold) | (170,513) | (207,453) | (218,946) | (202,888) | ||||
| Gross profit: | 6,523 | 6,092 | 384,290 | 453,490 | 469,651 | 466,244 | ||
| Operating expenses | (20,100) | (20,600) | (567,319) | (732,088) | (679,616) | (710,242) | ||
| Other undisclosed operating income | 170,513 | 207,453 | 218,946 | 202,888 | ||||
| Operating income (loss): | (13,577) | (14,508) | (12,516) | (71,145) | 8,981 | (41,110) | ||
| Interest and debt expense | (87) | (5,307) | (5,997) | (3,872) | (3,966) | (2,877) | ||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | (1,029) | 12,813 | ||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (14,693) | (7,002) | (18,513) | (75,017) | 5,015 | (43,987) | ||
| Other undisclosed loss from continuing operations before income taxes | ||||||||
| Income (loss) from continuing operations before income taxes: | (14,693) | (7,002) | (18,513) | (75,017) | 5,015 | (43,987) | ||
| Income tax expense (benefit) | (968) | (1,083) | 8,302 | (9,369) | 2,772 | 7,755 | ||
| Income (loss) from continuing operations: | (15,661) | (8,085) | (10,211) | (84,386) | 7,787 | (36,232) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | 10,370 | (10,211) | (84,386) | 7,787 | (36,232) | ||
| Income from discontinued operations | 18,455 | |||||||
| Net income (loss): | (15,661) | 10,370 | (10,211) | (84,386) | 7,787 | (36,232) | ||
| Other undisclosed net income attributable to parent | 1,102 | |||||||
| Net income (loss) attributable to parent: | (14,559) | 10,370 | (10,211) | (84,386) | 7,787 | (36,232) | ||
| Undistributed earnings (loss) allocated to participating securities, basic | (345) | (85) | ||||||
| Net income (loss) available to common stockholders, diluted: | (14,559) | 10,025 | (10,211) | (84,386) | 7,702 | (36,232) | ||
Comprehensive Income ($ in thousands)
| 6/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (15,661) | 10,370 | (10,211) | (84,386) | 7,787 | (36,232) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (15,661) | 10,370 | (10,211) | (84,386) | 7,787 | (36,232) | ||
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.