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)

2/29/2020
TTM
11/30/2019
TTM
5/31/2019
5/31/2018
5/31/2017
5/31/2016
5/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments322157457147233275536
Cash and cash equivalents322157457147233275536
Receivables51578884766478
Inventory, net of allowances, customer advances and progress billings230212207205179175164
Inventory230212207205179175164
Prepaid expense20434290817669
Disposal group, including discontinued operation   12132033
Other undisclosed current assets64669816218209176
Total current assets:6865368935548008201,056
Noncurrent Assets
Operating lease, right-of-use asset4,0304,029
Property, plant and equipment2,7952,7312,5532,4302,2722,0423,216
Intangible assets, net (including goodwill)2,1562,1502,1352,1352,1521,4471,455
Goodwill1,2061,1991,1841,1841,202872872
Intangible assets, net (excluding goodwill)951951951951950575582
Other noncurrent assets306297313352280274276
Other undisclosed noncurrent assets      (8)
Total noncurrent assets:9,2879,2075,0004,9164,7043,7624,938
TOTAL ASSETS:9,9739,7435,8935,4705,5044,5835,995
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities573549574575401377465
Accounts payable360340333277250242199
Accrued liabilities   40  37
Employee-related liabilities155137175178149135141
Taxes payable587266732 77
Interest and dividends payable   8  11
Deferred revenue476390
Debt   4  17
Deferred compensation liability   228  210
Deferred revenue and credits 389360329
Contract with customer, liability429
Other liabilities635618472458446401449
Other undisclosed current liabilities   1205449(273)
Total current liabilities:1,6831,5581,4741,3851,2891,1871,197
Noncurrent Liabilities
Long-term debt and lease obligation5,2465,2341,0089279374401,504
Long-term debt, excluding current maturities9299289289279374401,452
Capital lease obligations80   52
Operating lease, liability4,3174,306
Liabilities, other than long-term debt7036775919641,1771,0041,012
Deferred revenue and credits 283250226
Contract with customer, liability4
Deferred rent credit   318
Deferred tax liabilities, net 114358255342
Deferred income tax liabilities189182
Other liabilities515495587532536499445
Other undisclosed noncurrent liabilities  428   (52)
Total noncurrent liabilities:5,9495,9122,0261,8902,1131,4442,465
Total liabilities:7,6327,4693,5003,2753,4032,6313,661
Stockholders' equity
Stockholders' equity attributable to parent, including:2,3412,2742,3932,1952,1021,9522,334
Treasury stock, value   (8)(8)(8)(8)
Deferred compensation equity (0)(1)(2)(2)(3)(4)
Accumulated other comprehensive loss(0)(1)(98)(85)(63)(87)(87)
Retained earnings6495858076585605481,026
Other undisclosed stockholders' equity attributable to parent1,6931,6901,6851,6321,6151,5031,406
Total stockholders' equity:2,3412,2742,3932,1952,1021,9522,334
TOTAL LIABILITIES AND EQUITY:9,9739,7435,8935,4705,5044,5835,995

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

2/29/2020
TTM
11/30/2019
TTM
5/31/2019
5/31/2018
5/31/2017
5/31/2016
5/31/2015
Revenues8,7668,6668,5108,0807,1706,9346,765
Revenue, net 7,1706,9346,764
Cost of revenue(7,210)(7,128)(6,998)(6,648)(5,874)(5,683)(5,617)
Cost of goods and services sold(2,868)(2,826)(2,771) (2,070)(2,040)(5,342)
Other undisclosed gross profit70788161335232
Gross profit:1,6271,6161,5941,4931,3301,3031,179
Operating expenses(687)(681)(680)(666)(619)(629)(779)
Other undisclosed operating loss(70)(78)(81)(61)(33)(52)(33)
Operating income:870857833767678622368
Nonoperating income (expense)(153)(153)    15
Investment income, nonoperating      13
Other nonoperating expense(153)(153)     
Interest and debt expense(12)(7)(44)(152)(34)(165)(278)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(38)(41)(6)(9)(6)(7)71
Income from continuing operations before income taxes:667655782606637450175
Income tax expense (benefit)(28)(24)(64)(2)(155)(90)21
Income from continuing operations:639631719604483360196
Income (loss) from discontinued operations(4)(4)(5)(8)(3)15513
Net income available to common stockholders, diluted:636627713596479375710

Comprehensive Income ($ in millions)

2/29/2020
TTM
11/30/2019
TTM
5/31/2019
5/31/2018
5/31/2017
5/31/2016
5/31/2015
Net income:636627713596479375710
Other comprehensive income (loss)(32)(33)6(22)24(0)42
Other undisclosed comprehensive income66     
Comprehensive income:610601720574503375751
Other undisclosed comprehensive income (loss), net of tax, attributable to parent107104(19)    
Comprehensive income, net of tax, attributable to parent:716705700574503375751

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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