Papa John's International Inc. (PZZA) Financial Statements (2026 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)
| 9/30/2025 MRQ | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 38 | 41 | 47 | 71 | 130 | 28 | |||
| Cash and cash equivalent | 38 | 41 | 47 | 71 | 130 | 28 | |||
| Receivables | 102 | 104 | 103 | 94 | 101 | 89 | |||
| Inventory, net of allowances, customer advances and progress billings | 35 | 36 | 41 | 35 | 30 | 28 | |||
| Inventory | 35 | 36 | 41 | 35 | 30 | 28 | |||
| Disposal group, including discontinued operation | |||||||||
| Financing receivable, excluding accrued interest, after allowance for credit loss | ✕ | ✕ | 5 | 7 | ✕ | ✕ | |||
| Other undisclosed current assets | 56 | 45 | 53 | 56 | 44 | 37 | |||
| Total current assets: | 231 | 231 | 251 | 255 | 306 | 182 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 29 | 32 | 25 | 21 | 17 | 9 | |||
| Operating lease, right-of-use asset | 184 | 164 | 172 | 176 | 148 | 148 | |||
| Property, plant and equipment | 273 | 283 | 250 | 224 | 201 | 212 | |||
| Long-term investments and receivables | 36 | 37 | 33 | ||||||
| Accounts and financing receivable, after allowance for credit loss | 36 | 37 | 33 | ||||||
| Intangible assets, net (including goodwill) | 75 | 76 | 71 | 81 | 81 | 80 | |||
| Goodwill | 75 | 76 | 71 | 81 | 81 | 80 | |||
| Deferred costs | 4 | ||||||||
| Deferred income tax assets | 2 | 5 | 11 | 2 | |||||
| Other noncurrent assets | 88 | 77 | 72 | 88 | 72 | 65 | |||
| Financing receivable, excluding accrued interest, after allowance for credit loss | ✕ | ✕ | 12 | 21 | ✕ | ✕ | |||
| Other undisclosed noncurrent assets | 4 | ||||||||
| Total noncurrent assets: | 658 | 644 | 613 | 631 | 566 | 549 | |||
| TOTAL ASSETS: | 889 | 875 | 864 | 886 | 873 | 731 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 173 | 195 | 155 | 190 | 157 | 97 | |||
| Taxes payable | ✕ | ✕ | ✕ | 9 | 20 | 10 | 8 | ||
| Employee-related liabilities | ✕ | ✕ | ✕ | 22 | 49 | 46 | 23 | ||
| Accounts payable | 62 | 75 | 62 | 28 | 37 | 29 | |||
| Accrued liabilities | 111 | 120 | 62 | 93 | 63 | 38 | |||
| Deferred revenue | 16 | 20 | 21 | 22 | 20 | 6 | |||
| Debt | 7 | 9 | 7 | 5 | 24 | 45 | |||
| Deferred compensation liability | 11 | 12 | 15 | 11 | 10 | 11 | |||
| Derivative instruments and hedges, liabilities | 7 | ||||||||
| Estimated litigation liability | 5 | 5 | 15 | ||||||
| Disposal group, including discontinued operation | |||||||||
| Self insurance reserve | 32 | 27 | 30 | 35 | 33 | 32 | |||
| Other undisclosed current liabilities | 34 | 36 | 23 | 25 | 39 | 18 | |||
| Total current liabilities: | 278 | 305 | 265 | 287 | 289 | 208 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 765 | 782 | 616 | 658 | 466 | 480 | |||
| Long-term debt, excluding current maturities | 742 | 757 | 597 | 481 | 328 | 347 | |||
| Finance lease, liability | 23 | 24 | 19 | 17 | 14 | 8 | |||
| Liabilities, other than long-term debt | 260 | 232 | 252 | 107 | 126 | 102 | |||
| Deferred revenue | 21 | 20 | 23 | 14 | 14 | 15 | |||
| Deferred income tax liabilities | 0 | 1 | 3 | ||||||
| Other liabilities | 65 | 60 | 68 | 93 | 111 | 85 | |||
| Operating lease, liability | 174 | 151 | 161 | 161 | 125 | 125 | |||
| Total noncurrent liabilities: | 1,024 | 1,013 | 869 | 765 | 592 | 583 | |||
| Total liabilities: | 1,302 | 1,318 | 1,134 | 1,053 | 881 | 790 | |||
| Temporary equity, including noncontrolling interest | 1 | 1 | 1 | 5 | 258 | 257 | |||
| Equity | |||||||||
| Equity, attributable to parent | (430) | (459) | (286) | (188) | (282) | (332) | |||
| Common stock | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Treasury stock, value | (1,116) | (1,123) | (922) | (806) | (742) | (747) | |||
| Additional paid in capital | 452 | 452 | 450 | 445 | 254 | 219 | |||
| Accumulated other comprehensive loss | (8) | (8) | (10) | (10) | (14) | (10) | |||
| Retained earnings | 242 | 219 | 196 | 183 | 219 | 206 | |||
| Equity, attributable to noncontrolling interest | 15 | 15 | 16 | 15 | 15 | 16 | |||
| Total equity: | (414) | (444) | (271) | (172) | (267) | (317) | |||
| TOTAL LIABILITIES AND EQUITY: | 889 | 875 | 864 | 886 | 873 | 731 | |||
Income Statement (P&L) ($ in millions)
| 9/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 2,059 | 2,136 | 2,102 | 2,068 | 1,813 | 1,619 | ||
| Cost of revenue | (1,592) | (1,710) | (1,752) | (1,609) | (1,458) | (1,376) | ||
| Cost of product and service sold | (1,548) | |||||||
| Gross profit: | 467 | 426 | 351 | 459 | 356 | 243 | ||
| Operating expenses | (310) | (279) | (229) | (291) | (265) | (223) | ||
| Other undisclosed operating income (loss) | (12) | 5 | ||||||
| Operating income: | 157 | 147 | 109 | 168 | 90 | 25 | ||
| Nonoperating income (Investment Income, Nonoperating) | 2 | 2 | 1 | |||||
| Interest and debt expense | (1) | (2) | (27) | (19) | (17) | (21) | ||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | ||||||||
| Income from continuing operations before equity method investments, income taxes: | 155 | 146 | 82 | 151 | 75 | 5 | ||
| Other undisclosed loss from continuing operations before income taxes | (41) | |||||||
| Income from continuing operations before income taxes: | 114 | 146 | 82 | 151 | 75 | 5 | ||
| Income tax expense (benefit) | (30) | (21) | (14) | (26) | (15) | 1 | ||
| Income from continuing operations: | 84 | 125 | 68 | 125 | 61 | 6 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 125 | 61 | 6 | |
| Other undisclosed net income (loss) | (42) | 1 | ||||||
| Net income: | 84 | 83 | 69 | 125 | 61 | 6 | ||
| Net loss attributable to noncontrolling interest | (1) | (1) | ||||||
| Other undisclosed net loss attributable to parent | (2) | (5) | (3) | (1) | ||||
| Net income attributable to parent: | 83 | 82 | 68 | 120 | 58 | 5 | ||
| Preferred stock dividends and other adjustments | (0) | (0) | (116) | (14) | (12) | |||
| Undistributed earnings (loss) allocated to participating securities, basic | (0) | (2) | ||||||
| Other undisclosed net loss available to common stockholders, basic | ||||||||
| Net income (loss) available to common stockholders, diluted: | 83 | 82 | 67 | 4 | 42 | (8) | ||
Comprehensive Income ($ in millions)
| 9/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 84 | 83 | 69 | 125 | 61 | 6 | ||
| Net loss attributable to redeemable noncontrolling interest | (0) | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Other comprehensive income (loss) | (1) | 2 | (0) | 4 | (4) | (7) | ||
| Comprehensive income (loss): | 84 | 85 | 69 | 129 | 57 | (1) | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (1) | (1) | ||||||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (2) | (5) | (3) | (1) | ||||
| Comprehensive income (loss), net of tax, attributable to parent: | 83 | 84 | 68 | 124 | 54 | (2) | ||
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.