Diversified Restaurant Holdings, Inc. (SAUC) Financial Statements (2024 and earlier)
Company Profile
Business Address |
5750 NEW KING DR. TROY, MI 48098 |
State of Incorp. | NV |
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)
9/30/2019 MRQ | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | |||
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ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 5,364 | 4,371 | 4,021 | 14,201 | 21,606 | 18,124 | |||
Cash and cash equivalents | 5,364 | 4,371 | 4,021 | 14,201 | 18,688 | 9,562 | |||
Short-term investments | 2,917 | 8,562 | |||||||
Receivables | 654 | 653 | 276 | 621 | 1,418 | 1,249 | |||
Inventory, net of allowances, customer advances and progress billings | 1,527 | 1,591 | 1,701 | 1,935 | 1,336 | 1,018 | |||
Inventory | 1,527 | 1,591 | 1,701 | 1,935 | 1,336 | 1,018 | |||
Prepaid expense | 512 | 409 | 1,306 | 1,618 | 398 | 555 | |||
Total current assets: | 8,057 | 7,025 | 7,304 | 18,374 | 24,757 | 20,946 | |||
Noncurrent Assets | |||||||||
Property, plant and equipment | 34,423 | 48,014 | 56,630 | 79,190 | 71,509 | 58,577 | |||
Intangible assets, net (including goodwill) | 52,296 | 52,535 | 52,763 | 54,081 | 13,915 | 11,527 | |||
Goodwill | 50,097 | 50,097 | 50,097 | 50,097 | 10,999 | 8,579 | |||
Intangible assets, net (excluding goodwill) | 2,199 | 2,438 | 2,666 | 3,984 | 2,916 | 2,948 | |||
Other noncurrent assets | 409 | 185 | 234 | 1,152 | 306 | 122 | |||
Deferred tax assets, net | ✕ | 16,251 | 13,320 | 2,961 | 1,163 | ||||
Total noncurrent assets: | 87,128 | 100,735 | 125,878 | 147,743 | 88,691 | 71,388 | |||
TOTAL ASSETS: | 95,185 | 107,759 | 133,182 | 166,118 | 113,447 | 92,334 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities | 9,050 | 8,821 | 9,442 | 14,559 | 11,187 | 7,285 | |||
Employee-related liabilities | 1,830 | 1,854 | 2,804 | 3,088 | 2,787 | 2,060 | |||
Accounts payable | 4,273 | 4,562 | 3,996 | 7,808 | 7,043 | 4,416 | |||
Accrued liabilities | 2,947 | 2,405 | 2,642 | 3,663 | 1,358 | 809 | |||
Debt | 11,515 | 11,440 | 11,308 | 9,919 | 8,156 | 8,226 | |||
Deferred rent credit | 427 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
Deferred revenue and credits | ✕ | ✕ | 412 | 194 | 396 | 378 | 306 | ||
Total current liabilities: | 20,993 | 20,673 | 20,944 | 24,874 | 19,721 | 15,817 | |||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation | 90,908 | 102,489 | 109,878 | 116,682 | 53,612 | 38,048 | |||
Long-term debt, excluding current maturities | 90,908 | 102,489 | 109,878 | 116,682 | 53,612 | 38,048 | |||
Liabilities, other than long-term debt | 4,413 | 7,826 | 6,471 | 7,961 | 6,957 | 3,421 | |||
Deferred revenue and credits | ✕ | ✕ | 2,208 | 2,020 | 2,826 | 3,051 | 3,421 | ||
Deferred rent credit | 2,386 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
Deferred tax liabilities, net | ✕ | 2,760 | |||||||
Off-market lease, unfavorable | 439 | 511 | 591 | 672 | 693 | ||||
Other liabilities | 1,588 | 2,347 | 3,859 | 4,464 | 3,212 | ||||
Other undisclosed noncurrent liabilities | 1,220 | 1,087 | |||||||
Total noncurrent liabilities: | 96,540 | 110,315 | 116,349 | 124,644 | 60,570 | 42,555 | |||
Total liabilities: | 117,533 | 130,988 | 137,293 | 149,517 | 80,291 | 58,372 | |||
Equity | |||||||||
Equity, attributable to parent | (22,348) | (23,229) | (4,111) | 16,600 | 33,156 | 33,962 | |||
Common stock | 3 | 3 | 3 | 3 | 3 | 3 | |||
Additional paid in capital | 27,022 | 21,776 | 21,355 | 36,136 | 35,668 | 35,275 | |||
Accumulated other comprehensive income (loss) | 355 | (283) | (934) | (1,007) | (175) | (245) | |||
Accumulated deficit | (49,728) | (44,724) | (24,534) | (18,532) | (2,339) | (1,071) | |||
Total equity: | (22,348) | (23,229) | (4,111) | 16,600 | 33,156 | 33,962 | |||
TOTAL LIABILITIES AND EQUITY: | 95,185 | 107,759 | 133,182 | 166,118 | 113,447 | 92,334 |
Income Statement (P&L) ($ in thousands)
9/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
---|---|---|---|---|---|---|---|---|
Revenues | 153,138 | 165,463 | 166,521 | 172,485 | 128,413 | 108,886 | ||
Cost of revenue (Cost of Goods and Services Sold) | (48,800) | (46,794) | (49,438) | (37,059) | (32,719) | |||
Gross profit: | 153,138 | 116,663 | 119,727 | 123,048 | 91,355 | 76,167 | ||
Operating expenses | (153,521) | (160,222) | (159,217) | (195,275) | (129,056) | (107,446) | ||
Other undisclosed operating income | 48,800 | 46,794 | 49,438 | 37,059 | 32,719 | |||
Operating income (loss): | (383) | 5,241 | 7,304 | (22,789) | (642) | 1,440 | ||
Nonoperating income (expense) (Other Nonoperating Income (Expense)) | 112 | 107 | (172) | 822 | (59) | 151 | ||
Interest and debt expense | (6,417) | (6,634) | (5,764) | (4,211) | (2,274) | (1,719) | ||
Income (loss) from continuing operations before income taxes: | (6,687) | (1,286) | 1,368 | (26,178) | (2,975) | (127) | ||
Income tax expense (benefit) | 1,683 | (18,998) | 2,271 | 9,986 | 1,707 | 261 | ||
Income (loss) from continuing operations: | (5,004) | (20,284) | 3,639 | (16,192) | (1,268) | 134 | ||
Income (loss) before gain (loss) on sale of properties: | (5,004) | (20,458) | (6,002) | (16,192) | (1,268) | 134 | ||
Loss from discontinued operations | (174) | (9,642) | ||||||
Net income (loss) available to common stockholders, diluted: | (5,004) | (20,458) | (6,002) | (16,192) | (1,268) | 134 |
Comprehensive Income ($ in thousands)
9/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
---|---|---|---|---|---|---|---|---|
Net income (loss): | (5,004) | (20,458) | (6,002) | (16,192) | (1,268) | 134 | ||
Other comprehensive income (loss) | 639 | 651 | 72 | (832) | 70 | 39 | ||
Comprehensive income (loss), net of tax, attributable to parent: | (4,365) | (19,807) | (5,930) | (17,024) | (1,198) | 173 |
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.