Fiesta Restaurant Group, Inc. (FRGI) Financial Statements (2024 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 investments32,16736,79750,03513,4135,2583,599
Cash and cash equivalents32,16736,79750,03513,4135,2583,599
Receivables3,8713,8469,3993,82117,85711,334
Inventory, net of allowances, customer advances and progress billings1,9622,5244,2053,3942,8422,880
Inventory1,9622,5244,2053,3942,8422,880
Prepaid expense4,4714,4624,2794,4104,2323,681
Disposal group, including discontinued operation   1,2574,110 2,705
Other current assets1,2101,2442,2682,0852,3303,719
Other undisclosed current assets9,01010,16912,5838,05011,88013,130
Total current assets:52,69159,04284,02639,28344,39941,048
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 220   
Operating lease, right-of-use asset146,681154,127261,304251,272
Property, plant and equipment 89,884161,081211,944231,328234,561
Intangible assets, net (including goodwill)56,30756,30756,30756,307123,484123,484
Goodwill56,30756,30756,30756,307123,484123,484
Other noncurrent assets5,9067,7536,0259,8359,0656,988
Deferred tax assets, net10,38317,232
Other undisclosed noncurrent assets 86,886     
Total noncurrent assets:296,000308,071484,717529,358374,260382,265
TOTAL ASSETS:348,691367,113568,743568,641418,659423,313
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities22,56022,44734,17531,13932,36737,929
Taxes payable1,6306,6006,4975,8715,860
Employee-related liabilities8,47514,2369,86610,08611,776
Accounts payable14,21912,34213,33914,77616,41020,293
Accrued liabilities8,341     
Debt62631,01521210898
Other liabilities17,68018,03229,71932,26914,08621,817
Total current liabilities:40,30240,54264,90963,62046,56159,844
Noncurrent Liabilities
Long-term debt and lease obligation, including:36743872,32876,82379,63676,425
Long-term debt, excluding current maturities36743872,32876,82379,63676,425
Capital lease obligations1,6361,425
Finance lease, liability 3674381,5931,823
Other undisclosed long-term debt and lease obligation (367)(163,708)(269,679)(258,621)(1,636)(1,425)
Liabilities, other than long-term debt162,7657,99215,6398,40532,50432,062
Deferred income tax liabilities2022294,109 
Other liabilities7,2087,76311,5308,40532,50432,062
Operating lease, liability155,355163,270268,086256,798
Other undisclosed noncurrent liabilities  163,270268,086261,55719,89923,466
Total noncurrent liabilities:163,132171,700356,053346,785132,039131,953
Total liabilities:203,434212,242420,962410,405178,600191,797
Equity
Equity, attributable to parent145,257154,871147,781158,236240,059231,516
Common stock282277273271270268
Treasury stock, value(31,037)(30,135)(20,779)(17,051)(2,769) 
Additional paid in capital188,528182,686176,614173,132170,290166,823
Retained earnings (accumulated deficit)(12,516)2,043(8,327)1,88472,26864,425
Total equity:145,257154,871147,781158,236240,059231,516
TOTAL LIABILITIES AND EQUITY:348,691367,113568,743568,641418,659423,313

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
Revenues6,5236,092554,803660,943688,597669,132
Revenue, net669,132
Sublease income 6,5236,0925,3004,037
Cost of revenue
(Cost of Goods and Services Sold)
   (170,513)(207,453)(218,946)(202,888)
Gross profit: 6,5236,092384,290453,490469,651466,244
Operating expenses (20,100)(20,600)(567,319)(732,088)(679,616)(710,242)
Other undisclosed operating income   170,513207,453218,946202,888
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)2,7727,755
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 parent1,102     
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.

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