Sonic Corp (SONC) Financial Statements (2024 and earlier)

Company Profile

Business Address 300 JOHNNY BENCH DRIVE
OKLAHOMA CITY, OK 73104
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)

8/31/2018
8/31/2017
8/31/2016
8/31/2015
8/31/2014
8/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments22,34072,09227,19135,69477,896
Cash and cash equivalents22,34072,09227,19135,69477,896
Restricted cash and investments19,73615,87313,24613,208 
Receivables33,75835,43733,31834,72029,142
Inventory, net of allowances, customer advances and progress billings2,3433,3213,8243,3493,678
Inventory2,3433,3213,8243,3493,678
Prepaid expense5,4554,7135,5445,9175,032
Disposal group, including discontinued operation5,150    
Other current assets4026,2212,3152,8245,423
Capital leases, lessor balance sheet, net investment in direct financing and sales type leases    278 
Income taxes receivable7,728
Deferred tax assets   2,1643472,840
Other undisclosed current assets   (2,164)(625)8,983
Total current assets:89,184137,65785,43895,712140,722
Noncurrent Assets
Property, plant and equipment312,380402,162421,406441,969380,590
Long-term investments and receivables21,65412,5628,78712,15810,013
Due from related parties   1,5713,646 
Capital leases, lessor balance sheet, net investment in direct financing and sales type leases11,853  357 
Accounts and financing receivable, after allowance for credit loss9,80112,5627,2168,15510,013
Intangible assets, net (including goodwill)75,75680,23481,57682,39383,293
Goodwill75,75676,73477,07677,09377,093
Intangible assets, net (excluding goodwill)  3,5004,5005,3006,200
Restricted cash and investments42,1201406,5246,6526,791
Deferred costs     9,230
Other noncurrent assets18,21116,31322,36421,39117,284
Deferred tax assets, net  (42,530)(43,549)(37,611)(34,915)
Other undisclosed noncurrent assets2,43953,45737,47828,30847,786
Total noncurrent assets:472,560522,338534,586555,260520,072
TOTAL ASSETS:561,744659,995620,024650,972660,794
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities54,05966,32994,37089,61274,151
Interest and dividends payable  44134,852 
Taxes payable   9,2829,5709,219
Employee-related liabilities   20,50114,30214,611
Accounts payable9,21314,37213,86017,20713,100
Accrued liabilities44,84651,91350,71443,68137,221
Debt3,4645,09013,46713,48414,320
Other undisclosed current liabilities1,0933,244(20,016)(23,585)(15,541)
Total current liabilities:58,61674,66387,82179,51172,930
Noncurrent Liabilities
Long-term debt and lease obligation644,283594,912449,001450,577459,838
Long-term debt, excluding current maturities628,116577,521428,238427,527437,380
Capital lease obligations16,16717,39120,76323,05022,458
Liabilities, other than long-term debt60,60366,06365,76958,20950,562
Deferred tax liabilities, net40,10142,53043,54937,61134,915
Other liabilities20,50223,53322,22020,59815,647
Total noncurrent liabilities:704,886660,975514,770508,786510,400
Total liabilities:763,502735,638602,591588,297583,330
Equity
Equity, attributable to parent(201,758)(75,643)17,43362,67577,464
Common stock1,1831,1831,1831,1831,183
Treasury stock, value(1,373,853)(1,206,224)(1,068,015)(964,714)(906,625)
Additional paid in capital236,895234,956232,550225,004224,768
Retained earnings934,017894,442851,715801,202758,138
Total equity:(201,758)(75,643)17,43362,67577,464
TOTAL LIABILITIES AND EQUITY:561,744659,995620,024650,972660,794

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

8/31/2018
8/31/2017
8/31/2016
8/31/2015
8/31/2014
8/31/2013
Revenues
(Revenue, Net)
477,267606,320606,089552,349542,585
Cost of revenue
(Cost of Goods and Services Sold)
(249,911)(356,820)(485,639)(458,434)(457,754)
Gross profit:227,356249,500120,45093,91584,831
Operating expenses(119,075)(126,739)(217,104)(197,584)(194,338)
Other operating income (expense), net14,9944,691945176(1,943)
Other undisclosed operating income   212,137202,170200,698
Operating income:123,275127,452116,42898,67789,248
Interest and debt expense(29,206)(35,464)(25,114)(25,382)(33,541)
Income from continuing operations before equity method investments, income taxes:94,06991,98891,31473,29555,707
Other undisclosed income from continuing operations before income taxes1,398516408469592
Income from continuing operations before income taxes:95,46792,50491,72273,76456,299
Income tax expense(31,804)(28,437)(27,237)(25,848)(19,598)
Income from continuing operations:63,66364,06764,48547,91636,701
Income before gain (loss) on sale of properties:63,66364,06764,48547,91636,701
Net income available to common stockholders, diluted:63,66364,06764,48547,91636,701

Comprehensive Income ($ in thousands)

8/31/2018
8/31/2017
8/31/2016
8/31/2015
8/31/2014
8/31/2013
Net income:63,66364,06764,48547,91636,701
Comprehensive income, net of tax, attributable to parent:63,66364,06764,48547,91636,701

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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