Carrols Restaurant Group, Inc. (TAST) financial statements (2021 and earlier)

Company profile

Business Address 968 JAMES STREET
SYRACUSE, NY 13203
State of Incorp.
Fiscal Year End December 31
SIC 5812 - Eating Places (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6522828222
Cash and cash equivalents6522828222
Receivables201312986
Inventory, net of allowances, customer advances and progress billings121310987
Inventory121310987
Prepaid expense822554
Other undisclosed current assets79(17)885
Total current assets:1124035603045
Noncurrent Assets
Finance lease, right-of-use asset12
Operating lease, right-of-use asset800811
Property, plant and equipment350386290274248220
Intangible assets, net (including goodwill)15415563604236
Goodwill12312338372320
Intangible assets, net (excluding goodwill)323324232015
Other noncurrent assets7113222
Other undisclosed noncurrent assets334347210186168125
Total noncurrent assets:1,6451,712566521460382
TOTAL ASSETS:1,7571,751600582490427
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities858668655656
Accounts payable284629292220
Employee-related liabilities493129272628
Taxes payable886555
Interest and dividends payable114433
Debt662221
Other liabilities241713131114
Other undisclosed current liabilities4241    
Total current liabilities:15614982806971
Noncurrent Liabilities
Long-term debt and lease obligation, including:476456277279215202
Long-term debt, excluding current maturities    14 
Finance lease, liability01
Capital lease obligations2457
Operating lease, liability810808
Other undisclosed long-term debt and lease obligation(335)(354)275275196195
Liabilities, other than long-term debt422844423632
Deferred income tax liabilities117
Liability, pension and other postretirement and postemployment benefits234553
Off-market lease, unfavorable  12131212
Other liabilities291828242017
Other undisclosed noncurrent liabilities81180911131514
Total noncurrent liabilities:1,3291,293333333267248
Total liabilities:1,4861,442415412335319
Stockholders' equity
Stockholders' equity attributable to parent272309186169155108
Common stock110000
Treasury stock, value(14)(4)(0)(0)(0)(0)
Additional paid in capital306301150145141139
Accumulated other comprehensive income (loss)(3)1(1)(1)(1)(0)
Retained earnings (accumulated deficit)(18)11362515(31)
Total stockholders' equity:272309186169155108
TOTAL LIABILITIES AND EQUITY:1,7571,751600582490427

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues1,5481,4631,1791,089944859
Revenue, net1,1791,089944859
Cost of revenue(453)(432)(326)(305)(250)(240)
Cost of goods and services sold  (326)(305)(250)(240)
Gross profit:1,0951,031853784693619
Operating expenses(1,543)(1,472)(1,146)(1,059)(908)(828)
Other undisclosed operating income453432326305250240
Operating income (loss):4(9)33293631
Nonoperating income
(Investment Income, Nonoperating)
  0   
Interest and debt expense(27)(35)(24)(22)(18)(31)
Income (loss) from continuing operations before income taxes:(23)(44)108170
Income tax expense (benefit)(6)120(1)28 
Net income (loss) available to common stockholders, diluted:(29)(32)107450

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(29)(32)107450
Other comprehensive income (loss) 11(0)(1)0
Comprehensive income (loss):(29)(31)117450
Other undisclosed comprehensive loss, net of tax, attributable to parent(5)     
Comprehensive income (loss), net of tax, attributable to parent:(35)(31)117450

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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