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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2282822221
Cash and cash equivalents2282822221
Receivables13129864
Inventory, net of allowances, customer advances and progress billings13109878
Inventory13109878
Prepaid expense225543
Other undisclosed current assets9(17)8857
Total current assets:403560304543
Noncurrent Assets
Finance lease, right-of-use asset2
Operating lease, right-of-use asset811
Property, plant and equipment386290274248220179
Intangible assets, net (including goodwill)1556360423632
Goodwill1233837232018
Intangible assets, net (excluding goodwill)332423201515
Deferred costs     3
Other noncurrent assets1132223
Other undisclosed noncurrent assets347210186168125108
Total noncurrent assets:1,712566521460382326
TOTAL ASSETS:1,751600582490427369
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities866865565644
Accounts payable462929222019
Employee-related liabilities312927262817
Taxes payable865555
Interest and dividends payable144332
Debt622211
Other liabilities171313111410
Other undisclosed current liabilities41     
Total current liabilities:1498280697155
Noncurrent Liabilities
Long-term debt and lease obligation, including:456277279215202157
Long-term debt, excluding current maturities   14 157
Finance lease, liability1
Capital lease obligations24577
Operating lease, liability808
Other undisclosed long-term debt and lease obligation(354)275275196195(7)
Liabilities, other than long-term debt284442363244
Accounts payable and accrued liabilities     9
Deferred compensation liability, classified     1
Deferred tax liabilities, net    2
Deferred income tax liabilities7
Liability, pension and other postretirement and postemployment benefits345533
Off-market lease, unfavorable 1213121213
Other liabilities182824201716
Other undisclosed noncurrent liabilities809111315146
Total noncurrent liabilities:1,293333333267248208
Total liabilities:1,442415412335319263
Stockholders' equity
Stockholders' equity attributable to parent309186169155108107
Common stock100000
Treasury stock, value(4)(0)(0)(0)(0)(0)
Additional paid in capital301150145141139138
Accumulated other comprehensive income (loss)1(1)(1)(1)(0)(0)
Retained earnings (accumulated deficit)11362515(31)(31)
Total stockholders' equity:309186169155108107
TOTAL LIABILITIES AND EQUITY:1,751600582490427369

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues1,4631,1791,089944859693
Revenue, net1,1791,089944859693
Cost of revenue(432)(326)(305)(250)(240)(210)
Cost of goods and services sold (326)(305)(250)(240)(210)
Gross profit:1,031853784693619483
Operating expenses(1,472)(1,146)(1,059)(908)(828)(700)
Other operating expense, net     (0)
Other undisclosed operating income432326305250240210
Operating income (loss):(9)33293631(8)
Nonoperating income
(Investment Income, Nonoperating)
 0   2
Interest and debt expense(35)(24)(22)(18)(31)(19)
Other undisclosed loss from continuing operations before equity method investments, income taxes     (2)
Income (loss) from continuing operations before equity method investments, income taxes:(44)108170(26)
Other undisclosed loss from continuing operations before income taxes     (12)
Income (loss) from continuing operations before income taxes:(44)108170(38)
Income tax expense (benefit)120(1)28 (12)
Net income (loss):(32)107450(50)
Other undisclosed net income attributable to parent     12
Net income (loss) available to common stockholders, diluted:(32)107450(38)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(32)107450(50)
Other comprehensive income (loss)11(0)(1)0(1)
Comprehensive income (loss):(31)117450(51)
Other undisclosed comprehensive income, net of tax, attributable to parent     12
Comprehensive income (loss), net of tax, attributable to parent:(31)117450(39)

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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