Carrols Restaurant Group, Inc. (TAST) Financial Statements (2024 and earlier)

Company Profile

Business Address 968 JAMES STREET
SYRACUSE, NY 13203
State of Incorp.
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 millions)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments18296522828
Cash and cash equivalents18296522828
Receivables  02013129
Inventory, net of allowances, customer advances and progress billings14141213109
Inventory14141213109
Prepaid expense  28225
Other undisclosed current assets352379(17)8
Total current assets:6868112403560
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization12612
Operating lease, right-of-use asset764792800811
Property, plant and equipment312338350386290274
Intangible assets, net (including goodwill)1361551541556360
Goodwill1081241231233837
Intangible assets, net (excluding goodwill)283132332423
Other noncurrent assets14771132
Other undisclosed noncurrent assets300321334347210186
Total noncurrent assets:1,5391,6191,6451,712566521
TOTAL ASSETS:1,6081,6871,7571,751600582
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities9910085866865
Interest and dividends payable91144
Taxes payable88865
Employee-related liabilities5149312927
Accounts payable303128462929
Accrued liabilities68     
Debt766622
Other liabilities261824171313
Other undisclosed current liabilities47454241  
Total current liabilities:1791691561498280
Noncurrent Liabilities
Long-term debt and lease obligation, including:480465476456277279
Capital lease obligations24
Finance lease, liability10501
Other undisclosed long-term debt and lease obligation470(342)(335)(354)275275
Liabilities, other than long-term debt7983642284442
Deferred income tax liabilities88117
Liability, pension and other postretirement and postemployment benefits122345
Off-market lease, unfavorable     1213
Other liabilities122729182824
Operating lease, liability776803810808
Other undisclosed noncurrent liabilities  8038118091113
Total noncurrent liabilities:1,2771,3041,3291,293333333
Total liabilities:1,4571,4731,4861,442415412
Equity
Equity, attributable to parent151214272309186169
Common stock111100
Treasury stock, value(14)(14)(14)(4)(0)(0)
Additional paid in capital293288306301150145
Accumulated other comprehensive income (loss)91(3)1(1)(1)
Retained earnings (accumulated deficit)(137)(61)(18)113625
Total equity:151214272309186169
TOTAL LIABILITIES AND EQUITY:1,6081,6871,7571,751600582

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

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues 1,6521,5481,4631,1791,089
Revenue, net1,1791,089
Cost of revenue(1,344)(1,252)(453)(432)(326)(305)
Cost of goods and services sold(534)(500)  (326)(305)
Gross profit:(1,344)4001,0951,031853784
Operating expenses(432)(411)(1,543)(1,472)(1,146)(1,059)
Other operating income, net11    
Other undisclosed operating income (loss)1,730(1)453432326305
Operating income (loss):(46)(11)4(9)3329
Nonoperating income
(Investment Income, Nonoperating)
     0 
Interest and debt expense(31)(37)(27)(35)(24)(22)
Income (loss) from continuing operations before income taxes:(76)(48)(23)(44)108
Income tax expense (benefit)15(6)120(1)
Income (loss) from continuing operations:(76)(43)(29)(32)107
Income (loss) before gain (loss) on sale of properties:(43)(29)(32)107
Net income (loss) available to common stockholders, diluted:(76)(43)(29)(32)107

Comprehensive Income ($ in millions)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(76)(43)(29)(32)107
Other comprehensive income (loss)    11(0)
Comprehensive income (loss):(76)(43)(29)(31)117
Other undisclosed comprehensive income (loss), net of tax, attributable to parent74(5)   
Comprehensive income (loss), net of tax, attributable to parent:(68)(39)(35)(31)117

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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