Darden Restaurants, Inc. (DRI) financial statements (2021 and earlier)

Company profile

Business Address 1000 DARDEN CENTER DRIVE
ORLANDO, FL 32837
State of Incorp. FL
Fiscal Year End May 31
SIC 5812 - Eating Places (benchmarking)
More info Complete financial analysis Financial benchmarking

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

11/30/2020
TTM
5/31/2020
5/31/2019
5/31/2018
5/31/2017
5/31/2016
5/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments777763457147233275536
Cash and cash equivalents777763457147233275536
Receivables46508884766478
Inventory, net of allowances, customer advances and progress billings203207207205179175164
Inventory203207207205179175164
Prepaid expense22184290817669
Disposal group, including discontinued operation   12132033
Other undisclosed current assets61639816218209176
Total current assets:1,1101,1018935548008201,056
Noncurrent Assets
Operating lease, right-of-use asset3,9103,969
Property, plant and equipment2,7762,7572,5532,4302,2722,0423,216
Intangible assets, net (including goodwill)1,8441,8432,1352,1352,1521,4471,455
Goodwill1,0371,0371,1841,1841,202872872
Intangible assets, net (excluding goodwill)806806951951950575582
Other noncurrent assets288275313352280274276
Other undisclosed noncurrent assets      (8)
Total noncurrent assets:8,8188,8455,0004,9164,7043,7624,938
TOTAL ASSETS:9,9289,9465,8935,4705,5044,5835,995
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities419449574575401377465
Accounts payable236249333277250242199
Accrued liabilities   40  37
Employee-related liabilities130150175178149135141
Taxes payable545066732 77
Interest and dividends payable   8  11
Deferred revenue440468
Debt 270 4  17
Deferred compensation liability   228  210
Deferred revenue and credits 389360329
Contract with customer, liability429
Other liabilities687606472458446401449
Other undisclosed current liabilities   1205449(273)
Total current liabilities:1,5461,7931,4741,3851,2891,1871,197
Noncurrent Liabilities
Long-term debt and lease obligation5,1525,2051,0089279374401,504
Long-term debt, excluding current maturities9299299289279374401,452
Capital lease obligations80   52
Operating lease, liability4,2234,276
Liabilities, other than long-term debt7746175919641,1771,0041,012
Deferred revenue and credits 283250226
Contract with customer, liability4
Deferred rent credit   318
Deferred tax liabilities, net 114358255342
Deferred income tax liabilities4556
Other liabilities729561587532536499445
Other undisclosed noncurrent liabilities  428   (52)
Total noncurrent liabilities:5,9265,8222,0261,8902,1131,4442,465
Total liabilities:7,4737,6153,5003,2753,4032,6313,661
Stockholders' equity
Stockholders' equity attributable to parent, including:2,4552,3312,3932,1952,1021,9522,334
Treasury stock, value   (8)(8)(8)(8)
Deferred compensation equity  (1)(2)(2)(3)(4)
Accumulated other comprehensive loss(7)(18)(98)(85)(63)(87)(87)
Retained earnings2231448076585605481,026
Other undisclosed stockholders' equity attributable to parent2,2392,2051,6851,6321,6151,5031,406
Total stockholders' equity:2,4552,3312,3932,1952,1021,9522,334
TOTAL LIABILITIES AND EQUITY:9,9289,9465,8935,4705,5044,5835,995

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

11/30/2020
TTM
5/31/2020
5/31/2019
5/31/2018
5/31/2017
5/31/2016
5/31/2015
Revenues6,8017,8078,5108,0807,1706,9346,765
Revenue, net 7,1706,9346,764
Cost of revenue(6,164)(6,924)(6,998)(6,648)(5,874)(5,683)(5,617)
Cost of goods and services sold(2,323)(2,683)(2,771) (2,070)(2,040)(5,342)
Other undisclosed gross profit3782888161335232
Gross profit:1,0151,1701,5941,4931,3301,3031,179
Operating expenses(773)(835)(680)(666)(619)(629)(779)
Other undisclosed operating loss(378)(288)(81)(61)(33)(52)(33)
Operating income (loss):(137)48833767678622368
Nonoperating income (expense)(6)(152)    15
Investment income, nonoperating      13
Other nonoperating expense(6)(152)     
Interest and debt expense(42)(49)(44)(152)(34)(165)(278)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(22)(8)(6)(9)(6)(7)71
Income (loss) from continuing operations before income taxes:(207)(161)782606637450175
Income tax expense (benefit)95112(64)(2)(155)(90)21
Income (loss) from continuing operations:(112)(49)719604483360196
Income (loss) from discontinued operations(3)(3)(5)(8)(3)15513
Net income (loss) available to common stockholders, diluted:(116)(52)713596479375710

Comprehensive Income ($ in millions)

11/30/2020
TTM
5/31/2020
5/31/2019
5/31/2018
5/31/2017
5/31/2016
5/31/2015
Net income (loss):(116)(52)713596479375710
Other comprehensive income (loss)1(31)6(22)24(0)42
Comprehensive income (loss):(114)(83)720574503375751
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(8)111(19)    
Comprehensive income (loss), net of tax, attributable to parent:(122)28700574503375751

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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