Ark Restaurants Corp. (ARKR) financial statements (2022 and earlier)

Company profile

Business Address 85 FIFTH AVENUE
NEW YORK, NY 10003-3019
State of Incorp. NY
Fiscal Year End September 30
SIC 5812 - Eating Places (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments20,16719,17116,8867,1775,0121,4067,239
Cash and cash equivalents20,16719,17116,8867,1775,0121,4067,239
Receivables8,1238,3894,9933,2894,5594,6974,203
Inventory, net of allowances, customer advances and progress billings4,4253,5102,5532,2222,0941,9921,892
Inventory4,4253,5102,5532,2222,0941,9921,892
Other undisclosed current assets2,0543,2052,4691,0211,5471,9882,662
Total current assets:34,76934,27526,90113,70913,21210,08315,996
Noncurrent Assets
Operating lease, right-of-use asset54,26856,33654,191 
Property, plant and equipment35,58436,17437,68247,78145,26445,21529,546
Long-term investments and receivables6,4356,4256,8746,821   
Long-term investments6,4356,4256,8746,821   
Intangible assets, net (including goodwill)21,66019,40817,09116,94510,91210,9726,992
Goodwill17,44017,44015,57015,5709,8809,8807,895
Intangible assets, net (excluding goodwill)4,2201,9681,5211,3751,0321,092(903)
Deferred income tax assets3,5203,7005,897 
Other noncurrent assets2,2542,2702,4322,6422,6772,6792,564
Other undisclosed noncurrent assets3362,6282,2486,75412,67211,11813,157
Total noncurrent assets:124,057126,941126,41580,94371,52569,98452,259
TOTAL ASSETS:158,826161,216153,31694,65284,73780,06768,255
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities9,1989,6445,6317,6519,1138,0825,977
Accounts payable4,8064,8862,3293,5495,0194,7502,876
Employee-related liabilities4,3924,7583,3022,9423,2262,4752,495
Taxes payable   285  606
Interest and dividends payable   875868857 
Deferred revenue4,5404,9883,661 
Debt6,7566,97315,1182,7017,81910,3722,617
Customer advances and deposits4,1864,077
Contract with customer, liability4,549 
Other undisclosed current liabilities10,58310,0985,7253,1819083,5153,983
Total current liabilities:31,07731,70330,13518,08217,84026,15516,654
Noncurrent Liabilities
Long-term debt and lease obligation74,32378,06186,02823,78619,8607,8245,321
Long-term debt, excluding current maturities23,81925,50936,06823,78619,8607,8245,321
Operating lease, liability50,50452,55249,960 
Liabilities, other than long-term debt   10,0773,3013,6483,576
Deferred revenue and credits3,6483,576
Deferred rent credit   10,0773,301
Other undisclosed noncurrent liabilities(50,504)(52,552)     
Total noncurrent liabilities:74,32378,06186,02833,86323,16111,4728,897
Total liabilities:105,400109,764116,16351,94541,00137,62725,551
Stockholders' equity
Stockholders' equity attributable to parent52,69550,41236,52741,86442,29640,44440,134
Common stock36363535353434
Additional paid in capital14,56614,49213,50313,27712,89712,63912,942
Retained earnings38,09335,88422,98928,55229,36427,77127,158
Stockholders' equity attributable to noncontrolling interest7311,0406268431,4401,9962,570
Total stockholders' equity:53,42651,45237,15342,70743,73642,44042,704
TOTAL LIABILITIES AND EQUITY:158,826161,216153,31694,65284,73780,06768,255

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

12/31/2021
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
Revenues155,557131,870106,490162,354159,9905,371150,152
Revenue, net 150,152
Other operating income    5,0325,371 
Cost of revenue(110,225)(96,276)(84,448)(118,793)(117,233)(41,597)(106,762)
Cost of goods and services sold     (41,597)(56,060)
Gross profit:45,33235,59422,04243,56142,757(36,226)43,390
Operating expenses(33,027)(29,387)(29,838)(36,352)(37,725) (35,996)
Other undisclosed operating income (loss)   (3,963) 43,234 
Operating income (loss):12,3056,207(7,796)3,2465,0327,0087,394
Nonoperating income (expense)9,2179,221(1,207)(1,376)(1,106)(583)194
Investment income, nonoperating37511266157170180
Other nonoperating income      430
Interest and debt expense(1,192)(1,230)(1,421)(1,437)(1,163)(753)(416)
Other undisclosed income from continuing operations before equity method investments, income taxes1 1,4211,4371,163753416
Income (loss) from continuing operations before equity method investments, income taxes:20,33114,198(9,003)1,8703,9266,4257,588
Other undisclosed income from continuing operations before income taxes1,4521,230     
Income (loss) from continuing operations before income taxes:21,78315,428(9,003)1,8703,9266,4257,588
Income tax expense (benefit)(4,408)(1,181)4,3855911,147(1,668)(2,098)
Net income (loss):17,37514,247(4,618)2,4615,0734,7575,490
Net income (loss) attributable to noncontrolling interest(1,507)(1,352)(70)215(418)(718)(1,460)
Net income (loss) available to common stockholders, diluted:15,86812,895(4,688)2,6764,6554,0394,030

Comprehensive Income ($ in thousands)

12/31/2021
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
Net income (loss):17,37514,247(4,618)2,4615,0734,7575,490
Comprehensive income (loss):17,37514,247(4,618)2,4615,0734,7575,490
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(1,507)(1,352)(70)215(418)(718)(1,460)
Comprehensive income (loss), net of tax, attributable to parent:15,86812,895(4,688)2,6764,6554,0394,030

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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