Carrols Restaurant Group, Inc. (TAST) financial statements (2021 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)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments65   233
Cash and cash equivalents65   233
Receivables20181712131613
Inventory, net of allowances, customer advances and progress billings12111211131312
Inventory12111211131312
Prepaid expense8   224
Other undisclosed current assets778545291010
Total current assets:1121078475404343
Noncurrent Assets
Finance lease, right-of-use asset1   2  
Operating lease, right-of-use asset800811817 811  
Property, plant and equipment350355364380386394354
Intangible assets, net (including goodwill)154155156156155176139
Goodwill123123123123123144106
Intangible assets, net (excluding goodwill)32323333333332
Other noncurrent assets7111111111110
Other undisclosed noncurrent assets3343383421,1563471,1101,145
Total noncurrent assets:1,6451,6701,6891,7031,7121,6911,647
TOTAL ASSETS:1,7571,7761,7721,7781,7511,7341,690
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities85707565867967
Accounts payable28273732464030
Employee-related liabilities49342926312930
Taxes payable8997898
Interest and dividends payable1 11110
Debt641415667
Due to related parties   13 1210
Other liabilities24323128172421
Other undisclosed current liabilities425528412830
Total current liabilities:156148152140149150135
Noncurrent Liabilities
Long-term debt and lease obligation, including:4761,2961,301521456470437
Long-term debt, excluding current maturities 477478521 470437
Finance lease, liability0   1  
Operating lease, liability810819822 808  
Other undisclosed long-term debt and lease obligation(335)   (354)  
Liabilities, other than long-term debt42121211281413
Deferred compensation liability, classified 444 44
Deferred income tax liabilities11   7  
Liability, pension and other postretirement and postemployment benefits2222344
Other liabilities290001801
Self insurance reserve 655 55
Other undisclosed noncurrent liabilities8112518823809782779
Total noncurrent liabilities:1,3291,3331,3301,3551,2931,2661,229
Total liabilities:1,4861,4811,4821,4951,4421,4151,364
Stockholders' equity
Stockholders' equity attributable to parent272295290283309319326
Common stock1111110
Treasury stock, value(14)(4)(4)(4)(4)(2) 
Additional paid in capital306305303302301300298
Accumulated other comprehensive income (loss)(3)(7)(7)(5)1(1)(1)
Retained earnings (accumulated deficit)(18)0(3)(11)112128
Total stockholders' equity:272295290283309319326
TOTAL LIABILITIES AND EQUITY:1,7571,7761,7721,7781,7511,7341,690

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

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues421407368352401402369
Cost of revenue392(299)(264) (119)(121)(109)
Cost of goods and services sold (121)(105)  (121)(109)
Gross profit:812108104352282281259
Operating expenses(1,263)(98)(90)(374)(406)(403)(366)
Other undisclosed operating income453   119121109
Operating income (loss):21014(22)(5)(1)2
Interest and debt expense(7)(7)(6)(7)(7)(8)(14)
Income (loss) from continuing operations before income taxes:(5)48(29)(12)(9)(12)
Income tax expense (benefit)(13)(0)(0)7229
Net income (loss) attributable to parent:(19)48(22)(10)(7)(4)
Other undisclosed net loss available to common stockholders, basic (1)(1)    
Net income (loss) available to common stockholders, diluted:(19)36(22)(10)(7)(4)

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income (loss):(19)48(22)(10)(7)(4)
Other comprehensive income (loss) 0(2)(5)   
Other undisclosed comprehensive income7   1  
Comprehensive income (loss):(11)46(27)(9)(7)(4)
Other undisclosed comprehensive loss, net of tax, attributable to parent(5)      
Comprehensive income (loss), net of tax, attributable to parent:(17)46(27)(9)(7)(4)

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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