Franchise Group, Inc. (FRG) financial statements (2022 and earlier)

Company profile

Business Address 109 INNOVATION COURT
DELAWARE, OH 43015
State of Incorp. DE
Fiscal Year End December 31
SIC 6794 - Patent Owners and Lessors (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
12/31/2020
4/30/2019
4/30/2018
4/30/2017
4/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments29315223191610
Cash and cash equivalents29315223191610
Receivables1199159677472
Inventory, net of allowances, customer advances and progress billings673302    
Inventory673302    
Deferred tax assets  73
Other current assets24212566
Other undisclosed current assets370 991210
Total current assets:1,47856593100116101
Noncurrent Assets
Operating lease, right-of-use asset715511
Property, plant and equipment45014433394041
Long-term investments and receivables591776 24
Long-term investments35     
Accounts and financing receivable, after allowance for credit loss121776 24
Due from related parties12     
Intangible assets, net (including goodwill), including:1,1575924313020
Goodwill8074577994
Intangible assets, net (excluding goodwill)35113519232116
Other undisclosed intangible assets, net (including goodwill)  (22)   
Restricted cash and investments0     
Other noncurrent assets19101238
Deferred tax assets, net00  
Other undisclosed noncurrent assets35 22 16 
Total noncurrent assets:2,4351,27267788992
TOTAL ASSETS:3,9131,838160178204193
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:41126514151312
Taxes payable  0564
Other undisclosed accounts payable and accrued liabilities411265131078
Deferred revenue5137
Debt486105131886
Deferred revenue and credits235
Other undisclosed current liabilities17313221223029
Total current liabilities:1,12153948575351
Noncurrent Liabilities
Long-term debt and lease obligation1,941876221818
Long-term debt, excluding current maturities1,384469221818
Operating lease, liability557407
Liabilities, other than long-term debt89381667
Deferred revenue and credits567
Accounts payable and accrued liabilities   1  
Deferred tax liabilities, net1   
Other liabilities8938    
Other undisclosed noncurrent liabilities  61106
Total noncurrent liabilities:2,030914893531
Total liabilities:3,1501,45256678882
Stockholders' equity
Stockholders' equity attributable to parent, including:763385104112116112
Preferred stock00    
Common stock00    
Additional paid in capital475382131287
Accumulated other comprehensive loss (1)(2)(1)(2)(2)
Retained earnings287493101110106
Other undisclosed stockholders' equity attributable to parent  0000
Total stockholders' equity:763385104112116112
TOTAL LIABILITIES AND EQUITY:3,9131,838160178204193

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

12/31/2021
12/31/2020
4/30/2019
4/30/2018
4/30/2017
4/30/2016
Revenues3,2552,153133175174173
Revenue, net282424
Cost of revenue
(Cost of Goods and Services Sold)
 (1,160)    
Gross profit:3,255992133175174173
Operating expenses(3,029)(2,076)(133)(167)(151)(141)
Other undisclosed operating income 1,160    
Operating income (loss):22676(1)82332
Nonoperating income (expense)65(5)(0)0(0)0
Investment income, nonoperating133     
Foreign currency transaction gain (loss), before tax(67)(5)(0)0(0)0
Interest and debt expense(133)(102)(3)(3)(3)(2)
Income (loss) from continuing operations before equity method investments, income taxes:158(31)(4)42130
Other undisclosed income from continuing operations before income taxes    0 
Income (loss) from continuing operations before income taxes:158(31)(4)42130
Income tax expense (benefit)34582(4)(8)(11)
Income (loss) from continuing operations:19227(2)01319
Income from discontinued operations172     
Net income (loss):36427(2)01319
Net loss attributable to noncontrolling interest (27)    
Other undisclosed net income attributable to parent 25    
Net income (loss) attributable to parent:36425(2)01319
Other undisclosed net loss available to common stockholders, basic(9)(1) (0)(1)(1)
Net income (loss) available to common stockholders, diluted:35524(2)01218

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
4/30/2019
4/30/2018
4/30/2017
4/30/2016
Net income (loss):36427(2)01319
Other comprehensive income (loss)10  (0)(0)
Comprehensive income (loss):36527(2)01319
Comprehensive loss, net of tax, attributable to noncontrolling interest (2)    
Other undisclosed comprehensive income (loss), net of tax, attributable to parent  (1)1(0)(1)
Comprehensive income (loss), net of tax, attributable to parent:36525(3)11318

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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