Diversified Restaurant Holdings, Inc. (SAUC) Financial Statements (2023 and Earlier)

Company Profile

Business Address 5750 NEW KING DR.
TROY, MI 48098
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 5812 - Eating Places (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5,3644,3714,02114,20121,60618,1242,700
Cash and cash equivalents5,3644,3714,02114,20118,6889,5622,700
Short-term investments    2,9178,562 
Receivables6546532766211,4181,249248
Inventory, net of allowances, customer advances and progress billings1,5271,5911,7011,9351,3361,018809
Inventory1,5271,5911,7011,9351,3361,018809
Prepaid expense5124091,3061,618398555
Prepaid expense and other current assets447
Total current assets:8,0577,0257,30418,37424,75720,9464,205
Noncurrent Assets
Property, plant and equipment34,42348,01456,63079,19071,50958,57740,286
Intangible assets, net (including goodwill)52,29652,53552,76354,08113,91511,52711,088
Goodwill50,09750,09750,09750,09710,9998,5798,579
Intangible assets, net (excluding goodwill)2,1992,4382,6663,9842,9162,9482,509
Other noncurrent assets4091852341,152306122
Prepaid expense and other noncurrent assets118
Deferred tax assets, net  16,25113,3202,9611,163 
Other undisclosed noncurrent assets      847
Total noncurrent assets:87,128100,735125,878147,74388,69171,38852,339
TOTAL ASSETS:95,185107,759133,182166,118113,44792,33456,545
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities9,0508,8219,44214,55911,1877,2856,612
Accounts payable4,2734,5623,9967,8087,0434,4163,952
Accrued liabilities2,9472,4052,6423,6631,3588091,013
Employee-related liabilities1,8301,8542,8043,0882,7872,0601,647
Debt11,51511,44011,3089,9198,1568,2266,096
Deferred rent credit427
Deferred revenue and credits412194396378306226
Total current liabilities:20,99320,67320,94424,87419,72115,81712,934
Noncurrent Liabilities
Long-term debt and lease obligation90,908102,489109,878116,68253,61238,04838,552
Long-term debt, excluding current maturities90,908102,489109,878116,68253,61238,04838,552
Liabilities, other than long-term debt4,4137,8266,4717,9616,9573,4212,275
Deferred revenue and credits2,2082,0202,8263,0513,4212,275
Deferred rent credit2,386
Deferred tax liabilities, net 2,760     
Off-market lease, unfavorable439511591672693  
Other liabilities1,5882,3473,8594,4643,212  
Other undisclosed noncurrent liabilities1,220    1,0871,280
Total noncurrent liabilities:96,540110,315116,349124,64460,57042,55542,107
Total liabilities:117,533130,988137,293149,51780,29158,37255,041
Stockholders' equity
Stockholders' equity attributable to parent(22,348)(23,229)(4,111)16,60033,15633,9621,504
Common stock3333332
Additional paid in capital27,02221,77621,35536,13635,66835,2752,992
Accumulated other comprehensive income (loss)355(283)(934)(1,007)(175)(245)(284)
Accumulated deficit(49,728)(44,724)(24,534)(18,532)(2,339)(1,071)(1,205)
Total stockholders' equity:(22,348)(23,229)(4,111)16,60033,15633,9621,504
TOTAL LIABILITIES AND EQUITY:95,185107,759133,182166,118113,44792,33456,545

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

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues153,138165,463166,521172,485128,413108,88677,447
Revenue, net     77,447
Cost of revenue
(Cost of Goods and Services Sold)
 (48,800)(46,794)(49,438)(37,059)(32,719)(24,117)
Gross profit:153,138116,663119,727123,04891,35576,16753,330
Operating expenses(153,521)(160,222)(159,217)(195,275)(129,056)(107,446)(75,866)
Other undisclosed operating income 48,80046,79449,43837,05932,71924,117
Operating income (loss):(383)5,2417,304(22,789)(642)1,4401,581
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
112107(172)822(59)15120
Interest and debt expense(6,417)(6,634)(5,764)(4,211)(2,274)(1,719)(1,283)
Other undisclosed loss from continuing operations before equity method investments, income taxes      (43)
Income (loss) from continuing operations before income taxes:(6,687)(1,286)1,368(26,178)(2,975)(127)275
Income tax expense (benefit)1,683(18,998)2,2719,9861,7072610
Income (loss) from continuing operations:(5,004)(20,284)3,639(16,192)(1,268)134275
Loss from discontinued operations (174)(9,642)    
Net income (loss):(5,004)(20,458)(6,002)(16,192)(1,268)134275
Net loss attributable to noncontrolling interest      (95)
Net income (loss) available to common stockholders, diluted:(5,004)(20,458)(6,002)(16,192)(1,268)134180

Comprehensive Income ($ in thousands)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income (loss):(5,004)(20,458)(6,002)(16,192)(1,268)134275
Other comprehensive income (loss)63965172(832)7039(284)
Comprehensive income (loss):(4,365)(19,807)(5,930)(17,024)(1,198)173(9)
Comprehensive income, net of tax, attributable to noncontrolling interest      95
Other undisclosed comprehensive loss, net of tax, attributable to parent      (190)
Comprehensive income (loss), net of tax, attributable to parent:(4,365)(19,807)(5,930)(17,024)(1,198)173(104)

Statements Sources

The financial statements are based on the Company's filings with 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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