Driven Brands Holdings Inc. (DRVN) financial statements (2022 and earlier)

Company profile

Business Address 440 S. CHURCH STREET
CHARLOTTE, NC 28202
State of Incorp. DE
Fiscal Year End December 31
SIC 75 - Automotive Repair, Services, And Parking (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments523
Cash and cash equivalents523
Restricted cash and investments1
Receivables125
Inventory, net of allowances, customer advances and progress billings47
Inventory47
Prepaid expense24
Disposal group, including discontinued operation3
Other undisclosed current assets45
Total current assets:769
Noncurrent Assets
Operating lease, right-of-use asset996
Property, plant and equipment1,351
Long-term investments and receivables3
Accounts and financing receivable, after allowance for credit loss3
Intangible assets, net (including goodwill)2,727
Goodwill1,910
Intangible assets, net (excluding goodwill)816
Capitalized contract cost, net11
Deferred income tax assets2
Total noncurrent assets:5,088
TOTAL ASSETS:5,857
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities148
Accounts payable83
Employee-related liabilities65
Debt29
Other undisclosed current liabilities291
Total current liabilities:468
Noncurrent Liabilities
Long-term debt and lease obligation3,316
Long-term debt, excluding current maturities2,356
Finance lease, liability28
Operating lease, liability932
Liabilities, other than long-term debt324
Accounts payable and accrued liabilities29
Deferred revenue38
Deferred income tax liabilities257
Other undisclosed noncurrent liabilities104
Total noncurrent liabilities:3,744
Total liabilities:4,212
Stockholders' equity
Stockholders' equity attributable to parent1,644
Common stock2
Additional paid in capital1,606
Accumulated other comprehensive loss(5)
Retained earnings42
Stockholders' equity attributable to noncontrolling interest1
Total stockholders' equity:1,645
TOTAL LIABILITIES AND EQUITY:5,857

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

12/31/2021
Revenues1,467
Gross profit:1,467
Operating expenses(1,290)
Operating income:177
Nonoperating expense(142)
Foreign currency transaction loss, before tax(25)
Interest and debt expense(121)
Loss from continuing operations before income taxes:(87)
Income tax expense(25)
Loss before gain (loss) on sale of properties:(112)
Other undisclosed net income121
Net income:10
Net income attributable to noncontrolling interest0
Net income attributable to parent:10
Undistributed earnings (loss) allocated to participating securities, basic(0)
Net income available to common stockholders, basic:9
Other undisclosed net income available to common stockholders, diluted0
Net income available to common stockholders, diluted:9

Comprehensive Income ($ in millions)

12/31/2021
Net income:10
Other comprehensive loss(22)
Comprehensive loss:(12)
Comprehensive income, net of tax, attributable to noncontrolling interest0
Comprehensive loss, net of tax, attributable to parent:(12)

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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