Del Frisco's Restaurant Group, Inc. (DFRG) Financial Statements (2023 and Earlier)

Company Profile

Business Address 2900 RANCH TRAIL
IRVING, TX 75063
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)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 4,59414,6225,1763,52013,67410,763
Cash and cash equivalents 4,59414,6225,1763,52013,67410,763
Receivables9,6365,1087,6247,739   
Inventory, net of allowances, customer advances and progress billings22,46118,02916,40017,30816,59214,09412,103
Inventory22,46118,02916,40017,30816,59214,09412,103
Prepaid expense8,2845,8805,199   
Prepaid expense and other current assets4,758
Income taxes receivable4,7691,471 
Other current assets9,0433,3922,835   
Other undisclosed current assets8,535  10,53814,75212,5935,374
Total current assets:57,95937,00346,68040,76139,63341,83232,998
Noncurrent Assets
Property, plant and equipment287,803175,355195,992183,191154,999124,091105,568
Intangible assets, net (including goodwill)362,70499,241112,774112,230111,940111,713111,756
Goodwill156,13162,24175,36575,36575,36575,36575,365
Intangible assets, net (excluding goodwill)206,57337,00037,40936,86536,57536,34836,391
Deferred costs13,55614,64415,05413,955   
Other noncurrent assets4,010544282282321230
Prepaid expense and other noncurrent assets216
Other undisclosed noncurrent assets    12,77310,7857,847
Total noncurrent assets:668,073289,784324,102309,658280,033246,819225,387
TOTAL ASSETS:726,032326,787370,782350,419319,666288,651258,385
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities58,00024,67022,68124,71920,90816,03216,834
Accounts payable43,52713,94112,79116,48612,1988,4788,804
Employee-related liabilities11,2587,4157,3595,5385,7885,5246,262
Taxes payable3,2153,3142,5312,6952,9222,0301,768
Debt3,100   861761761
Deferred rent credit4,193
Self insurance reserve   7981,7931,7781,662
Deferred revenue and credits17,64618,73519,58917,50214,37911,628
Contract with customer, liability16,624
Other liabilities6,0269,5169,6602,2811,5361,5951,611
Other undisclosed current liabilities1,714   (861)(761)1,257
Total current liabilities:89,65751,83251,07647,38741,73933,78433,753
Noncurrent Liabilities
Long-term debt and lease obligation332,56424,477 4,500   
Long-term debt, excluding current maturities320,73624,477 4,500   
Capital lease obligations11,828      
Liabilities, other than long-term debt66,32958,15373,34070,83366,94458,08446,731
Deferred revenue and credits44,83037,69734,33633,18627,51122,644
Deferred compensation liability, classified8,05911,32615,21214,08312,97911,0228,415
Deferred rent credit56,442
Deferred tax liabilities, net  18,18920,31416,17915,19910,792
Other liabilities1,8281,9972,2422,1004,6004,3524,880
Other undisclosed noncurrent liabilities23,9003,238     
Total noncurrent liabilities:422,79385,86873,34075,33366,94458,08446,731
Total liabilities:512,450137,700124,416122,720108,68391,86880,484
Stockholders' equity
Stockholders' equity attributable to parent213,582189,087246,366227,699210,983196,783177,901
Common stock37242424242424
Treasury stock, value(67,823)(67,823)(17,823)(13,000)(10,000)(3,681) 
Additional paid in capital248,618147,503143,325137,601133,883129,961119,610
Accumulated other comprehensive loss(629)      
Retained earnings33,379109,383120,840103,07487,07670,47958,267
Total stockholders' equity:213,582189,087246,366227,699210,983196,783177,901
TOTAL LIABILITIES AND EQUITY:726,032326,787370,782350,419319,666288,651258,385

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

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues378,216361,431351,681331,612301,805271,806232,435
Cost of revenue(105,985)(103,976)(99,181)(95,963)(90,990)(82,209)(71,093)
Gross profit:272,231257,455252,500235,649210,815189,597161,342
Operating expenses(237,795)(213,984)(203,484)(187,193)(164,509)(144,964)(100,143)
Other undisclosed operating loss(56,966)(65,640)(23,940)(26,638)(21,766)(26,742)(36,578)
Operating income (loss):(22,530)(22,169)25,07621,81824,54017,89124,621
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(810)(1,439)(432)(236)(107)(51)113
Interest and debt expense(18,266)  (77)(113)(72)(4,569)
Other undisclosed loss from continuing operations before equity method investments, income taxes(13,913)(783)(70)    
Income (loss) from continuing operations before income taxes:(55,519)(24,391)24,57421,50524,32017,76820,165
Income tax expense (benefit)5,65312,934(6,808)(5,507)(7,723)(5,556)(5,590)
Income (loss) from continuing operations:(49,866)(11,457)17,76615,99816,59712,21214,575
Loss from discontinued operations(26,437)     (819)
Net income (loss):(76,303)(11,457)17,76615,99816,59712,21213,756
Other undisclosed net loss attributable to parent      (2)
Net income (loss) available to common stockholders, diluted:(76,303)(11,457)17,76615,99816,59712,21213,754

Comprehensive Income ($ in thousands)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income (loss):(76,303)(11,457)17,76615,99816,59712,21213,756
Other comprehensive loss(629)      
Comprehensive income (loss):(76,932)(11,457)17,76615,99816,59712,21213,756
Other undisclosed comprehensive loss, net of tax, attributable to parent      (2)
Comprehensive income (loss), net of tax, attributable to parent:(76,932)(11,457)17,76615,99816,59712,21213,754

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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