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
Q4
5/31/2018
Q3
2/28/2018
Q2
11/30/2017
Q1
8/31/2017
Q4
5/31/2017
Q3
2/28/2017
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments44,86964,23823,53222,34052,05033,890
Cash and cash equivalents44,86964,23823,53222,34052,05033,890
Restricted cash and investments15,01710,36714,80819,73611,1368,397
Receivables37,57132,07335,84433,75840,36128,064
Inventory, net of allowances, customer advances and progress billings   2,343  
Inventory   2,343  
Prepaid expense 11,809 5,455  
Disposal group, including discontinued operation   5,150  
Other current assets 3,523 402  
Capital leases, lessor balance sheet, net investment in direct financing and sales type leases     31716,001
Other undisclosed current assets 6,678 12,531 14,0928,488
Total current assets:104,135122,01086,71589,184117,95694,840
Noncurrent Assets
Property, plant and equipment300,870310,123305,907312,380327,527359,119
Long-term investments and receivables18,23814,12810,90521,65421,68821,923
Capital leases, lessor balance sheet, net investment in direct financing and sales type leases   11,85311,61111,687
Accounts and financing receivable, after allowance for credit loss18,23814,12810,9059,80110,07710,236
Intangible assets, net (including goodwill)75,34475,73375,75675,75675,76175,763
Goodwill75,34475,73375,75675,75675,76175,763
Restricted cash and investments13,4578,72941,38242,120124124
Other noncurrent assets32,20329,40629,97418,21118,17517,128
Other undisclosed noncurrent assets1,2991,4072,2742,4392,6032,767
Total noncurrent assets:441,411439,526466,198472,560445,878476,824
TOTAL ASSETS:545,546561,536552,913561,744563,834571,664
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities50,22145,28844,26554,05952,91752,005
Taxes payable 197 1,784 1,479 
Accounts payable11,64910,56910,9119,21311,14212,896
Accrued liabilities38,37534,71931,57044,84640,29639,109
Debt7,7612,5863,0613,4643,7073,826
Other undisclosed current liabilities5307056621,093934850
Total current liabilities:58,51248,57947,98858,61657,55856,681
Noncurrent Liabilities
Long-term debt and lease obligation715,485720,817682,173644,283617,044609,417
Long-term debt, excluding current maturities701,853706,534666,600628,116601,631593,147
Capital lease obligations13,63214,28315,57316,16715,41316,270
Liabilities, other than long-term debt44,80944,87560,03260,60362,33063,257
Deferred tax liabilities, net25,73726,20540,40740,10141,54742,500
Other liabilities19,07218,67019,62520,50220,78320,757
Total noncurrent liabilities:760,294765,692742,205704,886679,374672,674
Total liabilities:818,806814,271790,193763,502736,932729,355
Equity
Equity, attributable to parent(273,260)(252,735)(237,280)(201,758)(173,098)(157,691)
Common stock1,1831,1831,1831,1831,1831,183
Treasury stock, value(1,479,228)(1,441,714)(1,412,270)(1,373,853)(1,329,396)(1,300,169)
Additional paid in capital236,380235,088234,603236,895236,341235,230
Retained earnings968,405952,708939,204934,017918,774906,065
Total equity:(273,260)(252,735)(237,280)(201,758)(173,098)(157,691)
TOTAL LIABILITIES AND EQUITY:545,546561,536552,913561,744563,834571,664

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

8/31/2018
Q4
5/31/2018
Q3
2/28/2018
Q2
11/30/2017
Q1
8/31/2017
Q4
5/31/2017
Q3
2/28/2017
Q2
Revenues
(Revenue, Net)
118,30688,102105,428123,568123,990100,158
Cost of revenue
(Cost of Goods and Services Sold)
(54,371)(47,054)(54,066)(58,571)(58,806)(57,226)
Gross profit:63,93541,04851,36264,99765,18442,932
Operating expenses(30,684)(26,406)(29,135)(30,731)(30,283)(28,030)
Other operating income, net4,0102722213,8895407,725
Operating income:37,26114,91422,44838,15535,44122,627
Interest and debt expense(8,598)(9,448)(7,675)(7,472)(7,318)(7,227)
Income from continuing operations before equity method investments, income taxes:28,6635,46614,77330,68328,12315,400
Other undisclosed income from continuing operations before income taxes524455382351291262
Income from continuing operations before income taxes:29,1875,92115,15531,03428,41415,662
Income tax expense (benefit)(7,611)13,686(3,725)(10,203)(9,663)(4,699)
Income from continuing operations:21,57619,60711,43020,83118,75110,963
Income before gain (loss) on sale of properties:21,57619,60711,43020,83118,75110,963
Net income available to common stockholders, diluted:21,57619,60711,43020,83118,75110,963

Comprehensive Income ($ in thousands)

8/31/2018
Q4
5/31/2018
Q3
2/28/2018
Q2
11/30/2017
Q1
8/31/2017
Q4
5/31/2017
Q3
2/28/2017
Q2
Net income:21,57619,60711,43020,83118,75110,963
Comprehensive income, net of tax, attributable to parent:21,57619,60711,43020,83118,75110,963

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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