Darden Restaurants, Inc. (DRI) financial statements (2022 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)

11/30/2021
TTM
5/31/2021
5/31/2020
5/31/2019
5/31/2018
5/31/2017
5/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7461,215763457147233275
Cash and cash equivalents7461,215763457147233275
Receivables69685088847664
Inventory, net of allowances, customer advances and progress billings230191207207205179175
Inventory230191207207205179175
Prepaid expense3383371842908176
Disposal group, including discontinued operation    121320
Other undisclosed current assets13160639816218209
Total current assets:1,5141,8711,101893554800820
Noncurrent Assets
Finance lease, right-of-use asset656  
Operating lease, right-of-use asset3,6003,7763,969
Property, plant and equipment 2,4642,7572,5532,4302,2722,042
Intangible assets, net (including goodwill)1,8441,8441,8432,1352,1352,1521,447
Goodwill1,0371,0371,0371,1841,1841,202872
Intangible assets, net (excluding goodwill)806806806951951950575
Other noncurrent assets305296275313352280274
Other undisclosed noncurrent assets2,485406     
Total noncurrent assets:8,8898,7858,8455,0004,9164,7043,762
TOTAL ASSETS:10,40310,6569,9465,8935,4705,5044,583
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities614578449574575401377
Accounts payable355305249333277250242
Accrued liabilities    40  
Employee-related liabilities161177150175178149135
Taxes payable98965066732 
Interest and dividends payable    8  
Deferred revenue458474468
Debt  270 4  
Deferred compensation liability    228  
Deferred revenue and credits 389360
Contract with customer, liability429
Other liabilities709796606472458446401
Other undisclosed current liabilities    1205449
Total current liabilities:1,7811,8481,7931,4741,3851,2891,187
Noncurrent Liabilities
Long-term debt and lease obligation4,8335,0185,2051,008927937440
Long-term debt, excluding current maturities929930929928927937440
Capital lease obligations80   
Operating lease, liability3,9044,0894,276
Liabilities, other than long-term debt1,2469766175919641,1771,004
Deferred revenue and credits 283250
Contract with customer, liability4
Deferred rent credit    318
Deferred tax liabilities, net 114358255
Deferred income tax liabilities22922256
Other liabilities1,017755561587532536499
Other undisclosed noncurrent liabilities   428   
Total noncurrent liabilities:6,0805,9955,8222,0261,8902,1131,444
Total liabilities:7,8607,8437,6153,5003,2753,4032,631
Stockholders' equity
Stockholders' equity attributable to parent, including:2,5432,8132,3312,3932,1952,1021,952
Treasury stock, value    (8)(8)(8)
Deferred compensation equity   (1)(2)(2)(3)
Accumulated other comprehensive income (loss)14(18)(98)(85)(63)(87)
Retained earnings262522144807658560548
Other undisclosed stockholders' equity attributable to parent2,2812,2872,2051,6851,6321,6151,503
Total stockholders' equity:2,5432,8132,3312,3932,1952,1021,952
TOTAL LIABILITIES AND EQUITY:10,40310,6569,9465,8935,4705,5044,583

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

11/30/2021
TTM
5/31/2021
5/31/2020
5/31/2019
5/31/2018
5/31/2017
5/31/2016
Revenues8,5907,1967,8078,5108,0807,1706,934
Revenue, net 7,1706,934
Cost of revenue(7,120)(6,055)(6,924)(6,998)(6,648)(5,874)(5,683)
Cost of goods and services sold(2,731)(2,286)(2,683)(2,771) (2,070)(2,040)
Other undisclosed gross profit27226128881613352
Gross profit:1,7421,4021,1701,5941,4931,3301,303
Operating expenses(475)(493)(835)(680)(666)(619)(629)
Other undisclosed operating loss(272)(261)(288)(81)(61)(33)(52)
Operating income:99564948833767678622
Nonoperating expense
(Other Nonoperating expense)
(1)(9)(152)    
Interest and debt expense (48)(49)(44)(152)(34)(165)
Other undisclosed loss from continuing operations before equity method investments, income taxes(48)(16)(8)(6)(9)(6)(7)
Income (loss) from continuing operations before equity method investments, income taxes:946577(161)782606637450
Other undisclosed loss from continuing operations before income taxes(17)      
Income (loss) from continuing operations before income taxes:929577(161)782606637450
Income tax expense (benefit)(6)56112(64)(2)(155)(90)
Income (loss) from continuing operations:923632(49)719604483360
Income (loss) from discontinued operations(2)(3)(3)(5)(8)(3)15
Net income (loss) available to common stockholders, diluted:921629(52)713596479375

Comprehensive Income ($ in millions)

11/30/2021
TTM
5/31/2021
5/31/2020
5/31/2019
5/31/2018
5/31/2017
5/31/2016
Net income (loss):921629(52)713596479375
Other comprehensive income (loss)(1)(2)(31)6(22)24(0)
Comprehensive income (loss):920628(83)720574503375
Other undisclosed comprehensive income (loss), net of tax, attributable to parent923111(19)   
Comprehensive income, net of tax, attributable to parent:92965128700574503375

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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