FAT · As filed with the SEC
Fat Brands income statement, by fiscal year
The statement as Fat Brands presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
CONSOLIDATED STATEMENTS OF OPERATIONS · USD thousands, except per-share amounts
| USD thousands, except per-share amounts | FY2024 Year ended Dec 29, 2024 | FY2023 Year ended Dec 31, 2023 | FY2022 Year ended Dec 25, 2022 |
|---|---|---|---|
| Revenue | |||
| Total revenue | 592,652 | 480,457 | 407,224 |
| Royalties | 90,035 | 94,036 | 87,921 |
| Restaurant sales | 413,480 | 299,029 | 241,001 |
| Advertising fees | 39,473 | 39,490 | 37,997 |
| Factory revenues | 37,949 | 37,983 | 33,504 |
| Franchise fees | 6,487 | 4,979 | 3,706 |
| Other revenue | 5,228 | 4,940 | 3,095 |
| Costs and expenses | |||
| General and administrative expense | 128,564 | 93,117 | 113,313 |
| Cost of restaurant and factory revenues | 393,131 | 282,887 | 221,627 |
| Depreciation and amortization | 41,528 | 31,131 | 27,015 |
| Impairment of goodwill and other intangible assets | 30,600 | 500 | 14,000 |
| Refranchising loss | 1,949 | 2,873 | 4,178 |
| Acquisition costs | — | 0 | 383 |
| Advertising fees | 49,100 | 47,619 | 44,612 |
| Total costs and expenses | 644,872 | 458,127 | 425,128 |
| (Loss) income from operations | (52,220) | 22,330 | (17,904) |
| Other (expense) income, net | |||
| Interest expense | (120,580) | (99,342) | (78,477) |
| Interest expense related to preferred shares | (17,670) | (18,189) | (16,372) |
| Net loss on extinguishment of debt | (1,798) | (2,397) | 0 |
| Other (expense) income, net | (332) | 1,233 | 5,375 |
| Total other expense, net | (140,380) | (118,695) | (89,474) |
| Loss before income tax benefit | (192,600) | (96,365) | (107,378) |
| Income tax benefit | (2,753) | (6,255) | 18,810 |
| Net loss | (189,847) | (90,110) | (126,188) |
| Dividends on preferred shares | (7,779) | (7,007) | (6,636) |
| Net loss available to common stockholders, basic | (197,626) | (97,117) | (132,824) |
| Net loss available to common stockholders, diluted | (197,626) | (97,117) | (132,824) |
| Basic loss per common share (in dollars per share) | (11.60) | (5.85) | (8.06) |
| Diluted loss per common share (in dollars per share) | (11.60) | (5.85) | (8.06) |
| Basic weighted average shares outstanding (in shares) | 17,041,888 | 16,599,015 | 16,476,090 |
| Diluted weighted average shares outstanding (in shares) | 17,041,888 | 16,599,015 | 16,476,090 |
| Cash dividends declared per common share (in dollars per share) | 0.56 | 0.56 | 0.54 |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.