Ignite Restaurant Group Inc (IRGT) Financial Statements (2024 and earlier)

Company Profile

Business Address 10555 RICHMOND AVENUE
HOUSTON, TX 77042
State of Incorp.
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)

3/31/2017
MRQ
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 4307,81718,2739726,929
Cash and cash equivalents 4307,81718,2739726,929
Receivables 5,1953,38512,71314,5656,285
Inventory, net of allowances, customer advances and progress billings 3,8455,2729,3199,8364,841
Inventory 3,8455,2729,3199,8364,841
Prepaid expense   7,17310,101
Other current assets 3,7364,67711,93616,337
Prepaid expense and other current assets4,625
Deferred tax assets   1,3573,3441,615
Other undisclosed current assets   (8,530)(13,445) 
Total current assets: 13,20621,15152,24141,71024,295
Noncurrent Assets
Property, plant and equipment 129,324176,307235,954248,507165,746
Intangible assets, net (including goodwill) 4,4645,48228,97936,2774,255
Goodwill    6,402 
Intangible assets, net (excluding goodwill) 4,4645,48228,97929,8754,255
Deferred costs     1,702
Other noncurrent assets 1,4224,43110,5469,912
Prepaid expense and other noncurrent assets2,897
Deferred tax assets, net   (4,258)10,6785,043
Other undisclosed noncurrent assets   4,258 (2,500)
Total noncurrent assets: 135,210186,220275,479305,374177,143
TOTAL ASSETS: 148,416207,371327,720347,084201,438
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 41,33849,938100,37393,11249,406
Interest and dividends payable   1,865  
Taxes payable   8,3318,6154,345
Employee-related liabilities   13,287 7,910
Accounts payable 11,88518,40625,38135,23814,083
Accrued liabilities 29,45331,53251,50949,25923,068
Debt 1,1801,6211,6502,998 
Other undisclosed current liabilities   (23,483)(8,615)(12,255)
Total current liabilities: 42,51851,55978,54087,49537,151
Noncurrent Liabilities
Long-term debt and lease obligation, including: 117,806125,301161,052128,98445,000
Long-term debt, excluding current maturities 117,806125,301161,052  
Other undisclosed long-term debt and lease obligation    128,98445,000
Liabilities, other than long-term debt 24,53223,89836,82929,27913,070
Deferred revenue and credits 17,78820,19324,25619,54811,744
Restructuring reserve    281 
Other liabilities 6,7443,70512,5739,4501,326
Other undisclosed noncurrent liabilities    (281) 
Total noncurrent liabilities: 142,338149,199197,881157,98258,070
Total liabilities: 184,856200,758276,421245,47795,221
Equity
Equity, attributable to parent (36,440)6,61351,299101,607106,217
Common stock 259258257256256
Additional paid in capital 93,92892,62190,94387,70385,728
Retained earnings (accumulated deficit) (130,627)(86,266)(39,901)13,64820,233
Total equity: (36,440)6,61351,299101,607106,217
TOTAL LIABILITIES AND EQUITY: 148,416207,371327,720347,084201,438

Income Statement (P&L) ($ in thousands)

3/31/2017
TTM
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues
(Revenue, Net)
 450,279492,044837,185760,848465,056
Cost of revenue (326,524)(341,388)(583,880)(514,030)(300,463)
Cost of goods and services sold (281,084)(296,479)(510,390)(460,892)(272,782)
Gross profit: 123,755150,656253,305246,818164,593
Operating expenses (156,027)(159,022)(274,959)(261,711)(143,963)
Operating income (loss): (32,272)(8,366)(21,654)(14,893)20,630
Interest and debt expense (300)(1,663)(3,121)(500)(3,300)
Other undisclosed loss from continuing operations before equity method investments, income taxes (11,548)(15,128)(9,435)(3,585)(6,865)
Income (loss) from continuing operations before income taxes: (44,120)(25,157)(34,210)(18,978)10,465
Income tax expense (benefit) (241)308(19,339)12,393(1,751)
Income (loss) from continuing operations: (44,361)(24,849)(53,549)(6,585)8,714
Income (loss) before gain (loss) on sale of properties: (44,361)(24,849)(53,549)(6,585)8,714
Net income (loss) attributable to parent: (44,361)(24,849)(53,549)(6,585)8,714
Other undisclosed net loss available to common stockholders, basic  (21,516)   
Net income (loss) available to common stockholders, diluted: (44,361)(46,365)(53,549)(6,585)8,714

Comprehensive Income ($ in thousands)

3/31/2017
TTM
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income (loss): (44,361)(24,849)(53,549)(6,585)8,714
Comprehensive income (loss), net of tax, attributable to parent: (44,361)(24,849)(53,549)(6,585)8,714

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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