The Simply Good Foods Company (SMPL) Financial Statements (2024 and earlier)

Company Profile

Business Address 1225 17TH STREET
DENVER, CO 80202
State of Incorp.
Fiscal Year End August 31
Industry (SIC) 20 - Food And Kindred Products (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

8/31/2023
11/30/2022
MRQ
8/31/2022
8/31/2021
8/31/2020
8/31/2019
8/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments54,14467,49475,34595,847266,341111,971
Cash and cash equivalents54,14467,49475,34595,847266,341111,971
Receivables158,883132,667111,45689,74044,24036,622
Inventory, net of allowances, customer advances and progress billings124,119125,47997,26959,08538,08530,001
Inventory124,119125,47997,26959,08538,08530,001
Prepaid expense5,5645,0274,9023,6442,8822,069
Other current assets14,59020,9349,69411,9476,0595,077
Total current assets:357,300351,601298,666260,263357,607185,740
Noncurrent Assets
Property, plant and equipment 18,15716,58411,8502,4562,565
Intangible assets, net (including goodwill)1,662,4811,666,3921,682,1751,703,542777,566784,070
Goodwill543,134543,134543,134544,774471,427471,427
Intangible assets, net (excluding goodwill)1,119,3471,123,2581,139,0411,158,768306,139312,643
Other noncurrent assets55,61458,09954,79232,7904,0212,230
Other undisclosed noncurrent assets 17,668     
Total noncurrent assets:1,735,7631,742,6481,753,5511,748,182784,043788,865
TOTAL ASSETS:2,093,0632,094,2492,052,2172,008,4451,141,650974,605
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities55,50682,45959,77358,38543,27125,312
Interest and dividends payable160609601,693582
Taxes payable5,394 3,2062,1691,867
Employee-related liabilities14,756 14,44011,7497,730
Accounts payable55,24962,14959,71332,24015,73011,158
Accrued liabilities257  7,53911,9303,975
Debt500264285542676648
Business combination, contingent consideration, liability      2,320
Other liabilities    2,5592,294985
Other undisclosed current liabilities24,90819,52553,6069,9921,7911,318
Total current liabilities:80,914102,248113,66471,47848,03230,583
Noncurrent Liabilities
Long-term debt and lease obligation396,994403,022451,269597,530190,259190,935
Long-term debt, excluding current maturities396,994403,022451,269596,879190,259190,935
Finance lease, liability    651 
Liabilities, other than long-term debt151,799150,315138,645107,11753226,011
Deferred income tax liabilities108,894105,67693,75584,352 
Other liabilities42,90544,63944,89022,765532863
Business combination, contingent consideration, liability      25,148
Other undisclosed noncurrent liabilities   159,83592,98765,38354,475
Total noncurrent liabilities:548,793553,337749,749797,634256,174271,421
Total liabilities:629,707655,585863,413869,112304,206302,004
Equity
Equity, attributable to parent1,463,3561,438,6641,188,8041,139,333837,444672,601
Common stock1,0191,013959958820706
Treasury stock, value(78,451)(62,003)(2,145)(2,145)(2,145) 
Additional paid in capital1,292,7201,287,2241,085,0011,076,472733,775614,399
Accumulated other comprehensive loss(2,173)(1,951)(818)(879)(836)(798)
Retained earnings250,241214,381105,80764,927105,83058,294
Total equity:1,463,3561,438,6641,188,8041,139,333837,444672,601
TOTAL LIABILITIES AND EQUITY:2,093,0632,094,2492,052,2172,008,4451,141,650974,605

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

8/31/2023
11/30/2022
TTM
8/31/2022
8/31/2021
8/31/2020
8/31/2019
8/31/2018
Revenues1,188,2911,168,6781,005,613816,641523,383431,429
Cost of revenue(748,293)(723,117)(595,847)(492,313)(305,978)(223,873)
Cost of goods and services sold (575,964)     
Gross profit:439,998445,561409,766324,328217,405207,556
Operating expenses(242,755)(242,802)(236,091)(246,104)(144,596)(142,826)
Operating income:197,243202,759173,67578,22472,80964,730
Nonoperating income (expense)(35,093)(52,190)(92,815)740(8,523)(11,639)
Gain (loss), foreign currency transaction, before tax652191(5)658(452)97
Other nonoperating income (expense)(456)(453)(140)441196815
Interest and debt expense(22,565)(21,881)(31,557)(32,813)(13,627)(12,551)
Income from continuing operations before equity method investments, income taxes:139,585128,68849,30346,15150,65940,540
Other undisclosed income from continuing operations before income taxes22,56521,88131,55732,81313,62712,551
Income from continuing operations before income taxes:162,150150,56980,86078,96464,28653,091
Income tax expense (benefit)(38,868)(41,995)(39,980)(13,326)(16,750)17,364
Income from continuing operations:123,282108,57440,88065,63847,53670,455
Income before gain (loss) on sale of properties:87,422108,57440,88065,63847,53670,455
Net income available to common stockholders, diluted:123,282108,57440,88065,63847,53670,455

Comprehensive Income ($ in thousands)

8/31/2023
11/30/2022
TTM
8/31/2022
8/31/2021
8/31/2020
8/31/2019
8/31/2018
Net income:123,282108,57440,88065,63847,53670,455
Comprehensive income:123,282108,57440,88065,63847,53670,455
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(1,315)(1,133)61(43)(38)(817)
Comprehensive income, net of tax, attributable to parent:121,967107,44140,94165,59547,49869,638

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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