Carrols Restaurant Group, Inc. (TAST) financial statements (2023 and earlier)

Company profile

Business Address 968 JAMES STREET
SYRACUSE, NY 13203
State of Incorp.
Fiscal Year End December 31
SIC 5812 - Eating Places (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2965228282
Cash and cash equivalents2965228282
Receivables020131298
Inventory, net of allowances, customer advances and progress billings1412131098
Inventory1412131098
Prepaid expense282255
Other undisclosed current assets2379(17)88
Total current assets:6811240356030
Noncurrent Assets
Finance lease, right-of-use asset612
Operating lease, right-of-use asset792800811
Property, plant and equipment338350386290274248
Intangible assets, net (including goodwill)155154155636042
Goodwill124123123383723
Intangible assets, net (excluding goodwill)313233242320
Other noncurrent assets7711322
Other undisclosed noncurrent assets321334347210186168
Total noncurrent assets:1,6191,6451,712566521460
TOTAL ASSETS:1,6871,7571,751600582490
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1008586686556
Accounts payable312846292922
Employee-related liabilities514931292726
Taxes payable888655
Interest and dividends payable911443
Debt666222
Other liabilities182417131311
Other undisclosed current liabilities454241   
Total current liabilities:169156149828069
Noncurrent Liabilities
Long-term debt and lease obligation, including:465476456277279215
Long-term debt, excluding current maturities     14
Finance lease, liability501
Capital lease obligations245
Operating lease, liability803810808
Other undisclosed long-term debt and lease obligation(342)(335)(354)275275196
Liabilities, other than long-term debt364228444236
Deferred income tax liabilities8117
Liability, pension and other postretirement and postemployment benefits223455
Off-market lease, unfavorable   121312
Other liabilities272918282420
Other undisclosed noncurrent liabilities803811809111315
Total noncurrent liabilities:1,3041,3291,293333333267
Total liabilities:1,4731,4861,442415412335
Stockholders' equity
Stockholders' equity attributable to parent214272309186169155
Common stock111000
Treasury stock, value(14)(14)(4)(0)(0)(0)
Additional paid in capital288306301150145141
Accumulated other comprehensive income (loss)1(3)1(1)(1)(1)
Retained earnings (accumulated deficit)(61)(18)11362515
Total stockholders' equity:214272309186169155
TOTAL LIABILITIES AND EQUITY:1,6871,7571,751600582490

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues1,6521,5481,4631,1791,089944
Revenue, net1,1791,089944
Cost of revenue(1,252)(453)(432)(326)(305)(250)
Cost of goods and services sold(500)  (326)(305)(250)
Gross profit:4001,0951,031853784693
Operating expenses(411)(1,543)(1,472)(1,146)(1,059)(908)
Other operating income, net1     
Other undisclosed operating income (loss)(1)453432326305250
Operating income (loss):(11)4(9)332936
Nonoperating income
(Investment Income, Nonoperating)
   0  
Interest and debt expense(37)(27)(35)(24)(22)(18)
Income (loss) from continuing operations before income taxes:(48)(23)(44)10817
Income tax expense (benefit)5(6)120(1)28
Net income (loss) available to common stockholders, diluted:(43)(29)(32)10745

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss):(43)(29)(32)10745
Other comprehensive income (loss)  11(0)(1)
Comprehensive income (loss):(43)(29)(31)11745
Other undisclosed comprehensive income (loss), net of tax, attributable to parent4(5)    
Comprehensive income (loss), net of tax, attributable to parent:(39)(35)(31)11745

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.

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