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
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,3056,5075,3647,1102,5204,469
Cash and cash equivalents3,3056,5075,3647,1102,5204,469
Receivables408329654304279295
Inventory, net of allowances, customer advances and progress billings1,4191,5061,5271,4071,4561,594
Inventory1,4191,5061,5271,4071,4561,594
Prepaid expense   512   
Other current assets599392 497615445
Total current assets:5,7328,7338,0579,3194,8706,804
Noncurrent Assets
Operating lease, right-of-use asset49,863 
Property, plant and equipment30,53732,45834,42339,16042,60545,315
Intangible assets, net (including goodwill)52,16252,18352,29652,31752,34552,489
Goodwill50,09750,09750,09750,09750,09750,097
Intangible assets, net (excluding goodwill)2,0652,0852,1992,2202,2482,391
Other noncurrent assets242289409968808488
Other undisclosed noncurrent assets  50,768    
Total noncurrent assets:132,805135,69887,12892,44595,75898,291
TOTAL ASSETS:138,537144,43195,185101,763100,628105,094
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities8,86110,3789,0509,2977,8128,648
Employee-related liabilities1,5832,8031,8302,4791,4572,589
Accounts payable3,7884,3394,2733,7273,4543,188
Accrued liabilities3,4903,2362,9473,0912,9002,871
Debt102,94811,49511,51511,51311,57111,506
Deferred rent credit   427424460 
Deferred revenue and credits413
Other undisclosed current liabilities  6,190    
Total current liabilities:111,80928,06320,99321,23419,84220,567
Noncurrent Liabilities
Long-term debt and lease obligation46,88088,02890,90893,78796,58699,596
Long-term debt, excluding current maturities  88,02890,90893,78796,58699,596
Liabilities, other than long-term debt1,6223214,4134,6394,6617,050
Deferred revenue and credits2,206
Deferred rent credit   2,3862,3932,355 
Deferred tax liabilities, net   2,481
Deferred income tax liabilities1,306 
Off-market lease, unfavorable   439451471491
Other liabilities3163211,5881,7961,8351,872
Operating lease, liability46,880 
Other undisclosed noncurrent liabilities  49,0741,2202,0172,390 
Total noncurrent liabilities:48,502137,42396,540100,443103,637106,646
Total liabilities:160,311165,486117,533121,677123,479127,213
Equity
Equity, attributable to parent(21,774)(21,055)(22,348)(19,914)(22,851)(22,118)
Common stock333333
Additional paid in capital27,33027,19227,02226,85022,15621,986
Accumulated other comprehensive income (loss)(273)114355667663425
Accumulated deficit(48,834)(48,365)(49,728)(47,434)(45,673)(44,533)
Total equity:(21,774)(21,055)(22,348)(19,914)(22,851)(22,118)
TOTAL LIABILITIES AND EQUITY:138,537144,43195,185101,763100,628105,094

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

9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
Revenues38,92040,56839,07437,49237,03939,533
Cost of revenue
(Cost of Goods and Services Sold)
      (11,132)
Gross profit:38,92040,56839,07437,49237,03928,401
Operating expenses(37,880)(39,031)(40,573)(38,174)(36,744)(38,029)
Other undisclosed operating income      11,132
Operating income (loss):1,0401,537(1,499)(683)2951,504
Nonoperating income
(Other Nonoperating income)
174034252133
Interest and debt expense(1,477)(1,505)(1,551)(1,609)(1,610)(1,646)
Income (loss) from continuing operations before income taxes:(420)72(3,016)(2,267)(1,295)(110)
Income tax expense (benefit)(49)(17)721506154301
Income (loss) from continuing operations:(469)55(2,294)(1,761)(1,140)192
Income (loss) before gain (loss) on sale of properties:(469)55(2,294)(1,761)(1,140)192
Net income (loss) available to common stockholders, diluted:(469)55(2,294)(1,761)(1,140)192

Comprehensive Income ($ in thousands)

9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
Net income (loss):(469)55(2,294)(1,761)(1,140)192
Other comprehensive income (loss)   (312)4238708
Comprehensive income (loss):(469)55(2,606)(1,757)(902)900
Other undisclosed comprehensive loss, net of tax, attributable to parent(388)(185)    
Comprehensive income (loss), net of tax, attributable to parent:(857)(130)(2,606)(1,757)(902)900

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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