Denny's Corporation (DENN) Financial Statements (2024 and earlier)

Company Profile

Business Address 203 EAST MAIN STREET
SPARTANBURG, SC 29319
State of Incorp. DE
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 thousands)

9/30/2023
MRQ
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 investments2,1462,6512,6727,0216,7356,883
Cash and cash equivalents 4001004003,3725,0264,983
Short-term investments1,7462,5512,2723,6491,7091,900
Receivables25,57619,62121,34927,48826,28321,384
Inventory, net of allowances, customer advances and progress billings5,5385,0601,1811,3252,9933,134
Inventory5,5385,0601,1811,3252,9933,134
Contract with customer, asset, after allowance for credit loss580    
Disposal group, including discontinued operation1,403 1,1251,925723 
Other undisclosed current assets15,07241,91722,33914,97410,8669,888
Total current assets:50,31569,24948,66652,73347,60041,289
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization6,4997,7099,83011,720
Operating lease, right-of-use asset126,065128,727139,534158,550
Property, plant and equipment94,46991,176(146,583)(147,445)140,004139,856
Long-term investments and receivables  2935023641,528427
Accounts and financing receivable, after allowance for credit loss  2935023641,528427
Intangible assets, net (including goodwill)167,77487,11088,44390,78898,84895,378
Goodwill72,74036,88436,88436,83239,78138,269
Intangible assets, net (excluding goodwill)95,03450,22651,55953,95659,06757,109
Deferred costs      12,700
Deferred income tax assets  11,50223,21014,718
Other noncurrent assets50,87637,08332,69832,52529,22927,372
Other undisclosed noncurrent assets2,3372,678234,649246,43418,1406,760
Total noncurrent assets:448,020366,278382,283407,654287,749282,493
TOTAL ASSETS:498,335435,527430,949460,387335,349323,782
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities19,89615,59512,02120,25629,52732,487
Accounts payable19,89615,59512,02120,25629,52732,487
Deferred revenue2,2581,9281,9972,235
Debt1,6831,9521,8391,674  
Other liabilities56,76264,14646,46257,30761,79059,246
Other undisclosed current liabilities13,05213,90114,85914,1093,4103,168
Total current liabilities:93,65197,52277,17895,58194,72794,901
Noncurrent Liabilities
Long-term debt and lease obligation, including:271,055180,744223,530254,779313,681286,054
Long-term debt, excluding current maturities261,500170,000210,000240,000286,500259,000
Capital lease obligations27,18127,054
Finance lease, liability9,55510,74413,53014,779
Other undisclosed long-term debt and lease obligation  (126,296)(137,534)(152,750)  
Liabilities, other than long-term debt170,745115,473143,543118,03760,28640,187
Deferred revenue  17,96818,80921,021
Deferred income tax liabilities7,419   
Liability, pension and other postretirement and postemployment benefits  1,2751,5811,675  
Other liabilities32,59887,792112,84483,88748,08727,951
Operating lease, liability123,404126,296137,534152,750
Self insurance reserve7,3248,43810,30911,45412,19912,236
Other undisclosed noncurrent liabilities  107,053117,144130,054  
Total noncurrent liabilities:441,800403,270484,217502,870373,967326,241
Total liabilities:535,451500,792561,395598,451468,694421,142
Equity
Equity, attributable to parent(37,116)(65,265)(130,446)(138,064)(133,345)(97,360)
Common stock6506426401,0941,0861,077
Treasury stock, value(95,476)(30,592) (519,780)(416,815)(355,626)
Additional paid in capital142,136135,596123,833603,980592,944594,166
Accumulated other comprehensive loss(42,697)(54,470)(60,405)(33,960)(4,146)(2,316)
Accumulated deficit(41,729)(116,441)(194,514)(189,398)(306,414)(334,661)
Total equity:(37,116)(65,265)(130,446)(138,064)(133,345)(97,360)
TOTAL LIABILITIES AND EQUITY:498,335435,527430,949460,387335,349323,782

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues456,429398,174288,605541,389630,179529,169
Revenue, net529,169
Cost of revenue(314,785)(42,982)(51,684)(74,720)(100,532)(392,056)
Cost of goods and services sold(130,029)(42,982)(51,684)(74,720)(100,532)(364,007)
Gross profit:141,644355,192236,921466,669529,647137,113
Operating expenses(81,030)(324,758)(263,957)(447,740)(526,906)(66,415)
Other operating income (expense), net 46,105(1,808)91,180(2,620)(4,329)
Other nonrecurring (income) expense      (5,247)
Other undisclosed operating income (loss) 27,53635,52354,87473,4934,329
Operating income:60,614104,0756,679164,98373,61470,698
Nonoperating income (expense)52,58515,1764,2942,763(619)1,743
Other nonoperating income (expense)52,58515,1764,1712,763(619)1,743
Interest and debt expense(13,769)(15,148)(17,965)(18,547)(20,745)(15,640)
Income (loss) from continuing operations before equity method investments, income taxes:99,430104,103(6,992)149,19952,25056,801
Other undisclosed loss from continuing operations before income taxes   (123)   
Income (loss) from continuing operations before income taxes:99,430104,103(7,115)149,19952,25056,801
Income tax expense (benefit)(24,718)(26,030)1,999(31,789)(8,557)(17,207)
Income (loss) from continuing operations:74,71278,073(5,116)117,41043,69339,594
Income (loss) before gain (loss) on sale of properties:78,073(5,116)117,41043,69339,594
Net income (loss) available to common stockholders, diluted:74,71278,073(5,116)117,41043,69339,594

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):74,71278,073(5,116)117,41043,69339,594
Other comprehensive income (loss)(4,101)(2,755)9,69610,25942673
Comprehensive income:70,61175,3184,580127,66943,73540,267
Other undisclosed comprehensive income (loss), net of tax, attributable to parent15,8748,690(36,141)(40,073)(1,872)(1,582)
Comprehensive income (loss), net of tax, attributable to parent:86,48584,008(31,561)87,59641,86338,685

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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