Sonic Corp (SONC) financial statements (2023 and earlier)
Company profile
| Business Address |
300 JOHNNY BENCH DRIVE OKLAHOMA CITY, OK 73104 |
| State of Incorp. | DE |
| Fiscal Year End | August 31 |
| SIC | 5812 - Eating Places (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in millions)
| 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 investments | 40 | 22 | 72 | 27 | 36 | 78 | ||
| Cash and cash equivalents | 40 | 22 | 72 | 27 | 36 | 78 | ||
| Restricted cash and investments | 20 | 20 | 16 | 13 | 13 | |||
| Receivables | 35 | 34 | 35 | 33 | 35 | 29 | ||
| Inventory, net of allowances, customer advances and progress billings | 2 | 2 | 3 | 4 | 3 | 4 | ||
| Inventory | 2 | 2 | 3 | 4 | 3 | 4 | ||
| Prepaid expense | 6 | 5 | 5 | 6 | 6 | 5 | ||
| Disposal group, including discontinued operation | 1 | 5 | ||||||
| Capital leases, lessor balance sheet, net investment in direct financing and sales type leases | 0 | |||||||
| Income taxes receivable | ✕ | ✕ | ✕ | ✕ | ✕ | 8 | ||
| Deferred tax assets | 2 | 0 | 3 | |||||
| Other current assets | 0 | 0 | 6 | 2 | 3 | 5 | ||
| Other undisclosed current assets | (2) | (1) | 9 | |||||
| Total current assets: | 104 | 89 | 138 | 85 | 96 | 141 | ||
| Noncurrent Assets | ||||||||
| Property, plant and equipment | 298 | 312 | 402 | 421 | 442 | 381 | ||
| Long-term investments and receivables | 22 | 22 | 13 | 9 | 12 | 10 | ||
| Accounts and financing receivable, after allowance for credit loss | 11 | 10 | 13 | 7 | 8 | 10 | ||
| Capital leases, lessor balance sheet, net investment in direct financing and sales type leases | 11 | 12 | 0 | |||||
| Due from related parties | 2 | 4 | ||||||
| Intangible assets, net (including goodwill) | 75 | 76 | 80 | 82 | 82 | 83 | ||
| Goodwill | 75 | 76 | 77 | 77 | 77 | 77 | ||
| Intangible assets, net (excluding goodwill) | 4 | 5 | 5 | 6 | ||||
| Restricted cash and investments | 8 | 42 | 0 | 7 | 7 | 7 | ||
| Deferred costs | 9 | |||||||
| Other noncurrent assets | 22 | 18 | 16 | 22 | 21 | 17 | ||
| Deferred tax assets, net | (43) | (44) | (38) | (35) | ||||
| Other undisclosed noncurrent assets | 1 | 2 | 53 | 37 | 28 | 48 | ||
| Total noncurrent assets: | 427 | 473 | 522 | 535 | 555 | 520 | ||
| TOTAL ASSETS: | 531 | 562 | 660 | 620 | 651 | 661 | ||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities | 55 | 54 | 66 | 94 | 90 | 74 | ||
| Accounts payable | 10 | 9 | 14 | 14 | 17 | 13 | ||
| Accrued liabilities | 44 | 45 | 52 | 51 | 44 | 37 | ||
| Employee-related liabilities | 21 | 14 | 15 | |||||
| Taxes payable | 9 | 10 | 9 | |||||
| Interest and dividends payable | 0 | 0 | 5 | |||||
| Debt | 7 | 3 | 5 | 13 | 13 | 14 | ||
| Other undisclosed current liabilities | 1 | 1 | 3 | (20) | (24) | (16) | ||
| Total current liabilities: | 62 | 59 | 75 | 88 | 80 | 73 | ||
| Noncurrent Liabilities | ||||||||
| Long-term debt and lease obligation | 714 | 644 | 595 | 449 | 451 | 460 | ||
| Long-term debt, excluding current maturities | 701 | 628 | 578 | 428 | 428 | 437 | ||
| Capital lease obligations | 13 | 16 | 17 | 21 | 23 | 22 | ||
| Liabilities, other than long-term debt | 43 | 61 | 66 | 66 | 58 | 51 | ||
| Deferred tax liabilities, net | 24 | 40 | 43 | 44 | 38 | 35 | ||
| Other liabilities | 19 | 21 | 24 | 22 | 21 | 16 | ||
| Total noncurrent liabilities: | 758 | 705 | 661 | 515 | 509 | 510 | ||
| Total liabilities: | 820 | 764 | 736 | 603 | 588 | 583 | ||
| Stockholders' equity | ||||||||
| Stockholders' equity attributable to parent | (289) | (202) | (76) | 17 | 63 | 77 | ||
| Common stock | 1 | 1 | 1 | 1 | 1 | 1 | ||
| Treasury stock, value | (1,510) | (1,374) | (1,206) | (1,068) | (965) | (907) | ||
| Additional paid in capital | 238 | 237 | 235 | 233 | 225 | 225 | ||
| Retained earnings | 981 | 934 | 894 | 852 | 801 | 758 | ||
| Total stockholders' equity: | (289) | (202) | (76) | 17 | 63 | 77 | ||
| TOTAL LIABILITIES AND EQUITY: | 531 | 562 | 660 | 620 | 651 | 661 | ||
Income statement (P&L) ($ in millions)
| 8/31/2018 | 8/31/2017 | 8/31/2016 | 8/31/2015 | 8/31/2014 | 8/31/2013 | ||
|---|---|---|---|---|---|---|---|
| Revenues (Revenue, Net) | 424 | 477 | 606 | 606 | 552 | 543 | |
| Cost of revenue (Cost of Goods and Services Sold) | (203) | (250) | (357) | (486) | (458) | (458) | |
| Gross profit: | 220 | 227 | 250 | 120 | 94 | 85 | |
| Operating expenses | (119) | (119) | (127) | (217) | (198) | (194) | |
| Other operating income (expense), net | 5 | 15 | 5 | 1 | 0 | (2) | |
| Other undisclosed operating income | 212 | 202 | 201 | ||||
| Operating income: | 106 | 123 | 127 | 116 | 99 | 89 | |
| Interest and debt expense | (34) | (29) | (35) | (25) | (25) | (34) | |
| Income from continuing operations before equity method investments, income taxes: | 72 | 94 | 92 | 91 | 73 | 56 | |
| Other undisclosed income from continuing operations before income taxes | 2 | 1 | 1 | 0 | 0 | 1 | |
| Income from continuing operations before income taxes: | 74 | 95 | 93 | 92 | 74 | 56 | |
| Income tax expense | (3) | (32) | (28) | (27) | (26) | (20) | |
| Net income available to common stockholders, diluted: | 71 | 64 | 64 | 64 | 48 | 37 | |
Comprehensive Income ($ in millions)
| 8/31/2018 | 8/31/2017 | 8/31/2016 | 8/31/2015 | 8/31/2014 | 8/31/2013 | ||
|---|---|---|---|---|---|---|---|
| Net income: | 71 | 64 | 64 | 64 | 48 | 37 | |
| Comprehensive income, net of tax, attributable to parent: | 71 | 64 | 64 | 64 | 48 | 37 | |
Statements sources
The financial statements are based on the company's filings with the 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.