FAT Brands Inc. (FAT) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4010
Cash and cash equivalents4010
Restricted cash and investments3   
Receivables4021
Assets held-for-sale, not part of disposal group115  
Other current assets2110
Other undisclosed current assets 400
Total current assets:241041
Noncurrent Assets
Operating lease, right-of-use asset41
Long-term investments and receivables(0)(0)(0)(0)
Accounts and financing receivable, after allowance for credit loss(0)(0)(0)(0)
Intangible assets, net (including goodwill)59413418
Goodwill1111107
Intangible assets, net (excluding goodwill)48302311
Restricted cash and investments0   
Deferred income tax assets31 
Other noncurrent assets1130
Deferred tax assets, net21
Other undisclosed noncurrent assets230169
Total noncurrent assets:97725428
TOTAL ASSETS:121835829
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3014105
Accounts payable9742
Accrued liabilities20642
Interest and dividends payable2120
Deferred revenue21
Debt192515 
Deferred tax liabilities12
Other liabilities0   
Other undisclosed current liabilities22610
Total current liabilities:7346287
Noncurrent Liabilities
Long-term debt and lease obligation786 18
Long-term debt, excluding current maturities745 18
Operating lease, liability41
Liabilities, other than long-term debt9572
Deferred revenue95
Deferred tax liabilities, net72
Other liabilities0   
Other undisclosed noncurrent liabilities320180
Total noncurrent liabilities:90322521
Total liabilities:163775227
Stockholders' equity
Stockholders' equity attributable to parent, including:(42)562
Preferred stock22   
Common stock 11113
Accumulated deficit(21)(6)(5)(1)
Other undisclosed stockholders' equity attributable to parent(43)   
Total stockholders' equity:(42)562
TOTAL LIABILITIES AND EQUITY:121835829

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues182318 
Cost of revenue(2)(1)  
Gross profit:162118 
Operating expenses(32)(15)(14) 
Operating income (loss):(15)74 
Nonoperating expense(3)(7)(6) 
Other nonoperating expense(1)(1)(1) 
Interest and debt expense(0)(5)(4) 
Loss from continuing operations before equity method investments, income taxes:(19)(5)(6) 
Other undisclosed income from continuing operations before income taxes054 
Loss from continuing operations before income taxes:(19)(1)(2) 
Income tax expense (benefit)4(1)0 
Net loss available to common stockholders, diluted:(15)(1)(2) 

Comprehensive Income ($ in millions)

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