Luby's, Inc. (LUB) financial statements (2022 and earlier)

Company profile

Business Address 13111 NORTHWEST FREEWAY
HOUSTON, TX 77040
State of Incorp. DE
Fiscal Year End August 31
SIC 5812 - Eating Places (benchmarking)
More info Complete financial analysis Financial benchmarking

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

8/31/2021
8/31/2020
8/31/2019
8/31/2018
8/31/2017
8/31/2016
8/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 15,0693,6403,7221,0961,3391,501
Cash and cash equivalents 15,0693,6403,7221,0961,3391,501
Restricted cash and investments5,5006,7569,116    
Receivables1,0981,0981,4861,3261,358(81)319
Inventory, net of allowances, customer advances and progress billings 1,6533,4324,0224,4534,5964,483
Inventory 1,6533,4324,0224,4534,5964,483
Prepaid expense  2,3553,2193,4313,1473,388
Disposal group, including discontinued operation     124
Other undisclosed current assets 6,5717,3667,4616,6536,5405,433
Total current assets:6,59831,14727,39519,75016,99115,54215,148
Noncurrent Assets
Operating lease, right-of-use asset 16,756 
Property, plant and equipment 100,599121,743138,287172,814193,218199,859
Intangible assets, net (including goodwill) 15,53817,29518,73420,70822,67924,213
Goodwill 1955145551,0681,6051,643
Intangible assets, net (excluding goodwill) 15,34316,78118,17919,64021,07422,570
Disposal group, including discontinued operation, noncurrent assets 1,7151,8131,8132,7553,1924,014
Other undisclosed noncurrent assets 11,64817,75421,40513,18917,59421,024
Total noncurrent assets: 146,256158,605180,239209,466236,683249,110
TOTAL ASSETS:6,598177,403186,000199,989226,457252,225264,258
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities18,67826,33932,94042,21244,01341,29157,326
Accounts payable 6,7708,46510,45715,93717,53920,173
Accrued liabilities12,38219,56924,47531,75528,07623,75223,958
Employee-related liabilities1,621     5,435
Taxes payable4,675     7,760
Deferred revenue956  
Debt   39,338   
Disposal group, including discontinued operation 171414367412417
Other undisclosed current liabilities 3,903    (13,195)
Total current liabilities:19,63430,25932,95481,56444,38041,70344,548
Noncurrent Liabilities
Long-term debt and lease obligation17,79771,91545,439 30,69837,00037,791
Long-term debt, excluding current maturities 54,11845,439 30,69837,00037,500
Capital lease obligations   291
Operating lease, liability17,79717,797 
Liabilities, other than long-term debt 1,6306,5775,7977,3277,7697,926
Accounts payable and accrued liabilities      153
Deferred compensation liability, classified      222
Disposal group, including discontinued operation, liabilities   161617190
Other liabilities 1,6306,5775,7817,3117,7527,361
Other undisclosed noncurrent liabilities      (666)
Total noncurrent liabilities:35,59473,54552,0165,79738,02544,76945,051
Total liabilities:55,228103,80484,97087,36182,40586,47289,599
Stockholders' equity
Stockholders' equity attributable to parent 73,599101,030112,628144,052165,753174,659
Common stock 9,9609,7539,6029,4809,4219,323
Treasury stock, value (4,775)(4,775)(4,775)(4,775)(4,775)(4,775)
Additional paid in capital 35,65534,87033,87231,85030,34829,006
Retained earnings 32,75961,18273,929107,497130,759141,105
Total stockholders' equity: 73,599101,030112,628144,052165,753174,659
TOTAL LIABILITIES AND EQUITY:55,228177,403186,000199,989226,457252,225264,258

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

8/31/2021
8/31/2020
8/31/2019
8/31/2018
8/31/2017
8/31/2016
8/31/2015
Revenues41,900214,022323,470365,196376,039402,639401,050
Revenue, net376,031402,639401,046
Cost of revenue (224,853)(250,306)(282,257)(284,443)(301,035)(292,094)
Cost of goods and services sold (11,514)(13,998)(17,453)(142,672)(153,120)(151,065)
Other undisclosed gross profit 25,036(36,888)(44,833)(41,494)  
Gross profit:41,90014,20536,27638,10650,102101,604108,956
Operating expenses (13,100)(82,162)(105,125)(109,057)(104,928)(102,627)
Other undisclosed operating income (loss) (25,036)36,88844,833  (6,965)
Operating income (loss):41,900(23,931)(8,998)(22,186)(58,955)(3,324)(636)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
 1,195195298(454)186520
Interest and debt expense (6,388)(5,977)(3,348)(2,443)(2,247)(2,336)
Other undisclosed income from continuing operations before equity method investments, income taxes 60301241,49444
Income (loss) from continuing operations before income taxes:41,900(29,064)(14,750)(25,224)(20,358)(5,381)(2,448)
Income tax expense (benefit)(58)(357)(469)(7,730)(2,438)(4,875)1,076
Income (loss) from continuing operations:41,842(29,421)(15,219)(32,954)(22,796)(10,256)(1,372)
Loss from discontinued operations (29)(7)(614)(466)(90)(702)
Net income (loss) available to common stockholders, diluted:41,842(29,450)(15,226)(33,568)(23,262)(10,346)(2,074)

Comprehensive Income ($ in thousands)

8/31/2021
8/31/2020
8/31/2019
8/31/2018
8/31/2017
8/31/2016
8/31/2015
Net income (loss):41,842(29,450)(15,226)(33,568)(23,262)(10,346)(2,074)
Comprehensive income (loss), net of tax, attributable to parent:41,842(29,450)(15,226)(33,568)(23,262)(10,346)(2,074)

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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