FAT Brands Inc. (FAT) financial statements (2022 and earlier)

Company profile

Business Address 9720 WILSHIRE BLVD.,
BEVERLY HILLS, CA 90212
State of Incorp. DE
Fiscal Year End December 31
SIC 5812 - Eating Places (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments574010
Cash and cash equivalents574010
Restricted cash and investments253   
Receivables204021
Assets held-for-sale, not part of disposal group5115  
Other current assets122110
Other undisclosed current assets  400
Total current assets:119241041
Noncurrent Assets
Operating lease, right-of-use asset9941
Property, plant and equipment81    
Long-term investments and receivables3(0)(0)(0)(0)
Accounts and financing receivable, after allowance for credit loss3(0)(0)(0)(0)
Intangible assets, net (including goodwill)94859413418
Goodwill2951111107
Intangible assets, net (excluding goodwill)65348302311
Restricted cash and investments190   
Deferred income tax assets 31 
Other noncurrent assets31130
Deferred tax assets, net21
Other undisclosed noncurrent assets 230169
Total noncurrent assets:1,15297725428
TOTAL ASSETS:1,270121835829
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities853014105
Accounts payable289742
Accrued liabilities4620642
Interest and dividends payable112120
Deferred revenue321
Debt1192515 
Deferred tax liabilities12
Other liabilities110   
Other undisclosed current liabilities10022610
Total current liabilities:1987346287
Noncurrent Liabilities
Long-term debt and lease obligation997786 18
Long-term debt, excluding current maturities904745 18
Operating lease, liability9341
Liabilities, other than long-term debt329572
Deferred revenue1895
Deferred tax liabilities, net72
Deferred income tax liabilities13  
Other liabilities10   
Other undisclosed noncurrent liabilities 320180
Total noncurrent liabilities:1,02990322521
Total liabilities:1,227163775227
Temporary equity, carrying amount64    
Stockholders' equity
Stockholders' equity attributable to parent, including:(52)(42)562
Preferred stock 22   
Common stock  11113
Accumulated deficit(52)(21)(6)(5)(1)
Other undisclosed stockholders' equity attributable to parent (43)   
Other undisclosed stockholders' equity31    
Total stockholders' equity:(22)(42)562
TOTAL LIABILITIES AND EQUITY:1,270121835829

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues119182318 
Cost of revenue(37)(2)(1)  
Gross profit:82162118 
Operating expenses(81)(32)(15)(14) 
Operating income (loss):1(15)74 
Nonoperating expense(36)(3)(7)(6) 
Other nonoperating income (expense)1(1)(1)(1) 
Interest and debt expense(8)(0)(5)(4) 
Loss from continuing operations before equity method investments, income taxes:(43)(19)(5)(6) 
Other undisclosed income from continuing operations before income taxes8054 
Loss from continuing operations before income taxes:(35)(19)(1)(2) 
Income tax expense (benefit)44(1)0 
Net loss available to common stockholders, diluted:(32)(15)(1)(2) 

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net loss:(32)(15)(1)(2) 
Comprehensive loss, net of tax, attributable to parent:(32)(15)(1)(2) 

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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