Papa John's International, Inc. (PZZA) Financial Statements (2024 and earlier)
Company Profile
Business Address |
2002 PAPA JOHNS BOULEVARD LOUISVILLE, KY 40299-2334 |
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 millions)
9/30/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
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ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 47 | 71 | 130 | 28 | 19 | 22 | |||
Cash and cash equivalents | 47 | 71 | 130 | 28 | 19 | 22 | |||
Receivables | 103 | 94 | 101 | 89 | 73 | 69 | |||
Inventory, net of allowances, customer advances and progress billings | 41 | 35 | 30 | 28 | 27 | 31 | |||
Inventory | 41 | 35 | 30 | 28 | 27 | 31 | |||
Prepaid expense | 30 | 29 | |||||||
Financing receivable, excluding accrued interest, after allowance for credit loss | 7 | ✕ | ✕ | ✕ | ✕ | ||||
Disposal group, including discontinued operation | 6 | ||||||||
Other current assets | 6 | 9 | |||||||
Other undisclosed current assets | 53 | 56 | 44 | 37 | 16 | 4 | |||
Total current assets: | 251 | 255 | 306 | 182 | 172 | 170 | |||
Noncurrent Assets | |||||||||
Finance lease, right-of-use asset, after accumulated amortization | 25 | 21 | 17 | 9 | ✕ | ✕ | |||
Operating lease, right-of-use asset | 172 | 176 | 148 | 148 | ✕ | ✕ | |||
Financing receivable, excluding accrued interest, after allowance for credit loss | 21 | ✕ | ✕ | ✕ | ✕ | ||||
Property, plant and equipment | 250 | 224 | 201 | 212 | 227 | 234 | |||
Long-term investments and receivables | 36 | 37 | 33 | 23 | 16 | ||||
Accounts and financing receivable, after allowance for credit loss | 36 | 37 | 33 | 23 | 16 | ||||
Intangible assets, net (including goodwill) | 71 | 81 | 81 | 80 | 85 | 87 | |||
Goodwill | 71 | 81 | 81 | 80 | 85 | 87 | |||
Deferred income tax assets | 2 | 5 | 11 | 2 | ✕ | ✕ | |||
Other noncurrent assets | 72 | 88 | 72 | 65 | 64 | 48 | |||
Deferred tax assets, net | ✕ | ✕ | ✕ | ✕ | ✕ | 1 | 1 | ||
Total noncurrent assets: | 613 | 631 | 566 | 549 | 399 | 386 | |||
TOTAL ASSETS: | 864 | 886 | 873 | 731 | 571 | 556 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities | 155 | 190 | 157 | 97 | 76 | 73 | |||
Taxes payable | ✕ | 9 | 20 | 10 | 8 | 7 | 11 | ||
Employee-related liabilities | ✕ | 22 | 49 | 46 | 23 | 13 | 15 | ||
Accounts payable | 62 | 28 | 37 | 29 | 30 | 32 | |||
Accrued liabilities | 62 | 93 | 63 | 38 | 26 | 16 | |||
Deferred revenue | 21 | 22 | 20 | 6 | ✕ | ✕ | |||
Debt | 7 | 5 | 24 | 45 | 20 | 20 | |||
Deferred compensation liability | 15 | 11 | 10 | 11 | 10 | 6 | |||
Derivative instruments and hedges, liabilities | 7 | ||||||||
Estimated litigation liability | 15 | ||||||||
Self insurance reserve | 30 | 35 | 33 | 32 | 34 | 20 | |||
Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 4 | ||
Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | 2 | ✕ | ||
Other undisclosed current liabilities | 23 | 25 | 39 | 18 | 23 | 9 | |||
Total current liabilities: | 265 | 287 | 289 | 208 | 165 | 133 | |||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation | 616 | 658 | 466 | 480 | 601 | 447 | |||
Long-term debt, excluding current maturities | 597 | 481 | 328 | 347 | 601 | 447 | |||
Finance lease, liability | 19 | 17 | 14 | 8 | ✕ | ✕ | |||
Liabilities, other than long-term debt | 252 | 107 | 126 | 102 | 102 | 75 | |||
Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 3 | ||
Deferred revenue | 23 | 14 | 14 | 15 | ✕ | ✕ | |||
Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | 15 | ✕ | ||
Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | ✕ | 8 | 13 | ||
Deferred income tax liabilities | 0 | 1 | 3 | ✕ | ✕ | ||||
Other liabilities | 68 | 93 | 111 | 85 | 79 | 60 | |||
Operating lease, liability | 161 | 161 | 125 | 125 | ✕ | ✕ | |||
Total noncurrent liabilities: | 869 | 765 | 592 | 583 | 703 | 522 | |||
Total liabilities: | 1,134 | 1,053 | 881 | 790 | 868 | 655 | |||
Temporary equity, carrying amount | 1 | 5 | 258 | 257 | 5 | 7 | |||
Equity | |||||||||
Equity, attributable to parent | (286) | (188) | (282) | (332) | (317) | (122) | |||
Common stock | 0 | 0 | 0 | 0 | 0 | 0 | |||
Treasury stock, value | (922) | (806) | (742) | (747) | (752) | (597) | |||
Additional paid in capital | 450 | 445 | 254 | 219 | 193 | 185 | |||
Accumulated other comprehensive loss | (10) | (10) | (14) | (10) | (3) | (2) | |||
Retained earnings | 196 | 183 | 219 | 206 | 244 | 292 | |||
Equity, attributable to noncontrolling interest | 16 | 15 | 15 | 16 | 15 | 16 | |||
Total equity: | (271) | (172) | (267) | (317) | (302) | (106) | |||
TOTAL LIABILITIES AND EQUITY: | 864 | 886 | 873 | 731 | 571 | 556 |
Income Statement (P&L) ($ in millions)
9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
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Revenues | 2,102 | 2,068 | 1,813 | 1,619 | 1,573 | 1,783 | ||
Cost of revenue | (1,752) | (1,609) | (1,458) | (1,376) | (1,350) | (1,472) | ||
Gross profit: | 351 | 459 | 356 | 243 | 223 | 311 | ||
Operating expenses | (229) | (291) | (265) | (223) | (193) | (158) | ||
Other undisclosed operating income (loss) | (12) | 5 | (0) | (2) | ||||
Operating income: | 109 | 168 | 90 | 25 | 30 | 151 | ||
Nonoperating income (Investment Income, Nonoperating) | 2 | 2 | 1 | 1 | 1 | |||
Interest and debt expense | (27) | (19) | (17) | (21) | (11) | |||
Other undisclosed loss from continuing operations before equity method investments, income taxes | ||||||||
Income from continuing operations before equity method investments, income taxes: | 82 | 151 | 75 | 5 | 31 | 140 | ||
Other undisclosed loss from continuing operations before income taxes | (25) | |||||||
Income from continuing operations before income taxes: | 82 | 151 | 75 | 5 | 6 | 140 | ||
Income tax expense (benefit) | (14) | (26) | (15) | 1 | (3) | (34) | ||
Income from continuing operations: | 68 | 125 | 61 | 6 | 3 | 107 | ||
Income before gain (loss) on sale of properties: | ✕ | ✕ | 125 | 61 | 6 | 3 | 107 | |
Other undisclosed net income (loss) | 1 | |||||||
Net income: | 69 | 125 | 61 | 6 | 3 | 107 | ||
Net loss attributable to noncontrolling interest | (2) | (4) | ||||||
Other undisclosed net loss attributable to parent | (2) | (5) | (3) | (1) | ||||
Net income attributable to parent: | 68 | 120 | 58 | 5 | 2 | 102 | ||
Preferred stock dividends and other adjustments | (0) | (116) | (14) | (12) | ||||
Undistributed earnings (loss) allocated to participating securities, basic | (0) | (2) | (0) | |||||
Other undisclosed net income (loss) available to common stockholders, basic | 1 | |||||||
Net income (loss) available to common stockholders, diluted: | 67 | 4 | 42 | (8) | 2 | 103 |
Comprehensive Income ($ in millions)
9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
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Net income: | 69 | 125 | 61 | 6 | 3 | 107 | ||
Other comprehensive income (loss) | (0) | 4 | (4) | (7) | (1) | 4 | ||
Comprehensive income (loss): | 69 | 129 | 57 | (1) | 3 | 110 | ||
Comprehensive loss, net of tax, attributable to noncontrolling interest | ||||||||
Other undisclosed comprehensive loss, net of tax, attributable to parent | (2) | (5) | (3) | (1) | (2) | (4) | ||
Comprehensive income (loss), net of tax, attributable to parent: | 68 | 124 | 54 | (2) | 1 | 106 |
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.