Kura Sushi USA Inc. (KRUS) Financial Statements (2024 and earlier)

Company Profile

Business Address 17461 DERIAN AVE.
IRVINE, CA 92614
State of Incorp. DE
Fiscal Year End August 31
Industry (SIC) 5812 - Eating Places (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

2/29/2024
MRQ
11/30/2023
MRQ
8/31/2023
8/31/2022
8/31/2021
8/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments71,20778,23935,78240,4309,259
Cash and cash equivalents64,16169,69735,78240,4309,259
Short-term investments7,0468,542   
Receivables   1563292,142
Inventory, net of allowances, customer advances and progress billings1,7711,7471,120733367
Inventory1,7711,7471,120733367
Prepaid expense  3,6972,5881,732885
Other current assets  536230218375
Other undisclosed current assets9,0705,1522,52014,0261,750
Total current assets:82,04889,37142,39657,46814,778
Noncurrent Assets
Operating lease, right-of-use asset107,853103,88479,99064,15856,119
Property, plant and equipment114,346106,42775,59053,88545,541
Other undisclosed noncurrent assets5,0504,9773,3802,1581,941
Total noncurrent assets:227,249215,288158,960120,201103,601
TOTAL ASSETS:309,297304,659201,356177,669118,379
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities16,81216,53719,94910,4016,894
Taxes payable1,240869189
Employee-related liabilities5,9554,6121,786
Accounts payable8,8717,2485,5594,9204,919
Accrued liabilities7,9419,2897,195  
Debt 52705079321,004
Due to related parties285244201
Other undisclosed current liabilities14,24512,5314,5288,4705,826
Total current liabilities:31,10929,13825,26920,04713,925
Noncurrent Liabilities
Long-term debt and lease obligation 223182,31066,38058,399
Finance lease, liability 2231305461,481
Liabilities, other than long-term debt114,425110,849483398342
Other liabilities652615483398342
Operating lease, liability113,773110,23482,28065,83456,918
Total noncurrent liabilities:114,447110,88082,79366,77858,741
Total liabilities:145,556140,018108,06286,82572,666
Equity
Equity, attributable to parent, including:163,741164,64193,29490,84445,713
Additional paid in capital189,915188,771118,970115,75660,332
Accumulated other comprehensive income4643   
Accumulated deficit(26,231)(24,184)(25,686)(24,922)(14,627)
Other undisclosed equity, attributable to parent111110108
Total equity:163,741164,64193,29490,84445,713
TOTAL LIABILITIES AND EQUITY:309,297304,659201,356177,669118,379

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

2/29/2024
TTM
11/30/2023
TTM
8/31/2023
8/31/2022
8/31/2021
8/31/2020
Revenues199,586187,429141,08964,89145,168
Cost of revenue
(Cost of Goods and Services Sold)
(8,322)(7,422)(5,258)(4,126)(50)
Gross profit:191,264180,007135,83160,76545,118
Operating expenses(199,939)(187,097)(141,843)(74,880)(61,666)
Other undisclosed operating income8,3227,4225,2584,12650
Operating income (loss):(353)332(754)(9,989)(16,498)
Nonoperating income
(Investment Income, Nonoperating)
2,2181,47215120450
Interest and debt expense(61)(69)(87)(220)(136)
Income (loss) from continuing operations before income taxes:1,8041,735(690)(10,189)(16,184)
Income tax expense(261)(233)(74)(106)(1,174)
Income (loss) from continuing operations:1,5431,502(764)(10,295)(17,358)
Loss before gain (loss) on sale of properties:(764)(10,295)(17,358)
Net income (loss) available to common stockholders, diluted:1,5431,502(764)(10,295)(17,358)

Comprehensive Income ($ in thousands)

2/29/2024
TTM
11/30/2023
TTM
8/31/2023
8/31/2022
8/31/2021
8/31/2020
Net income (loss):1,5431,502(764)(10,295)(17,358)
Other comprehensive income (loss)(4)43   
Other undisclosed comprehensive income43    
Comprehensive income (loss):1,5821,545(764)(10,295)(17,358)
Other undisclosed comprehensive income, net of tax, attributable to parent7    
Comprehensive income (loss), net of tax, attributable to parent:1,5891,545(764)(10,295)(17,358)

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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