Diversified Restaurant Holdings, Inc. (SAUC) Financial Statements (2024 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)

9/30/2019
MRQ
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 5,3644,3714,02114,20121,60618,124
Cash and cash equivalents 5,3644,3714,02114,20118,6889,562
Short-term investments     2,9178,562
Receivables 6546532766211,4181,249
Inventory, net of allowances, customer advances and progress billings 1,5271,5911,7011,9351,3361,018
Inventory 1,5271,5911,7011,9351,3361,018
Prepaid expense 5124091,3061,618398555
Total current assets: 8,0577,0257,30418,37424,75720,946
Noncurrent Assets
Property, plant and equipment 34,42348,01456,63079,19071,50958,577
Intangible assets, net (including goodwill) 52,29652,53552,76354,08113,91511,527
Goodwill 50,09750,09750,09750,09710,9998,579
Intangible assets, net (excluding goodwill) 2,1992,4382,6663,9842,9162,948
Other noncurrent assets 4091852341,152306122
Deferred tax assets, net  16,25113,3202,9611,163
Total noncurrent assets: 87,128100,735125,878147,74388,69171,388
TOTAL ASSETS: 95,185107,759133,182166,118113,44792,334
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 9,0508,8219,44214,55911,1877,285
Employee-related liabilities 1,8301,8542,8043,0882,7872,060
Accounts payable 4,2734,5623,9967,8087,0434,416
Accrued liabilities 2,9472,4052,6423,6631,358809
Debt 11,51511,44011,3089,9198,1568,226
Deferred rent credit 427
Deferred revenue and credits412194396378306
Total current liabilities: 20,99320,67320,94424,87419,72115,817
Noncurrent Liabilities
Long-term debt and lease obligation 90,908102,489109,878116,68253,61238,048
Long-term debt, excluding current maturities 90,908102,489109,878116,68253,61238,048
Liabilities, other than long-term debt 4,4137,8266,4717,9616,9573,421
Deferred revenue and credits2,2082,0202,8263,0513,421
Deferred rent credit 2,386
Deferred tax liabilities, net 2,760    
Off-market lease, unfavorable 439511591672693 
Other liabilities 1,5882,3473,8594,4643,212 
Other undisclosed noncurrent liabilities 1,220    1,087
Total noncurrent liabilities: 96,540110,315116,349124,64460,57042,555
Total liabilities: 117,533130,988137,293149,51780,29158,372
Equity
Equity, attributable to parent (22,348)(23,229)(4,111)16,60033,15633,962
Common stock 333333
Additional paid in capital 27,02221,77621,35536,13635,66835,275
Accumulated other comprehensive income (loss) 355(283)(934)(1,007)(175)(245)
Accumulated deficit (49,728)(44,724)(24,534)(18,532)(2,339)(1,071)
Total equity: (22,348)(23,229)(4,111)16,60033,15633,962
TOTAL LIABILITIES AND EQUITY: 95,185107,759133,182166,118113,44792,334

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues 153,138165,463166,521172,485128,413108,886
Cost of revenue
(Cost of Goods and Services Sold)
  (48,800)(46,794)(49,438)(37,059)(32,719)
Gross profit: 153,138116,663119,727123,04891,35576,167
Operating expenses (153,521)(160,222)(159,217)(195,275)(129,056)(107,446)
Other undisclosed operating income  48,80046,79449,43837,05932,719
Operating income (loss): (383)5,2417,304(22,789)(642)1,440
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
 112107(172)822(59)151
Interest and debt expense (6,417)(6,634)(5,764)(4,211)(2,274)(1,719)
Income (loss) from continuing operations before income taxes: (6,687)(1,286)1,368(26,178)(2,975)(127)
Income tax expense (benefit) 1,683(18,998)2,2719,9861,707261
Income (loss) from continuing operations: (5,004)(20,284)3,639(16,192)(1,268)134
Income (loss) before gain (loss) on sale of properties: (5,004)(20,458)(6,002)(16,192)(1,268)134
Loss from discontinued operations  (174)(9,642)   
Net income (loss) available to common stockholders, diluted: (5,004)(20,458)(6,002)(16,192)(1,268)134

Comprehensive Income ($ in thousands)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss): (5,004)(20,458)(6,002)(16,192)(1,268)134
Other comprehensive income (loss) 63965172(832)7039
Comprehensive income (loss), net of tax, attributable to parent: (4,365)(19,807)(5,930)(17,024)(1,198)173

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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