FAT · As filed with the SEC
Fat Brands balance sheet, 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 BALANCE SHEETS · USD thousands
| USD thousands | FY2024 Dec 29, 2024 | FY2023 Dec 31, 2023 | FY2022 Dec 25, 2022 | FY2021 Dec 26, 2021 |
|---|---|---|---|---|
| Assets | ||||
| Current assets | ||||
| Cash | 23,383 | 37,044 | 28,668 | 56,656 |
| Restricted cash | 25,239 | 39,271 | 25,375 | 24,740 |
| Accounts receivable, net | 19,422 | 21,146 | 23,880 | 19,555 |
| Trade and other notes receivable, net of allowance for doubtful accounts of $129 and $103 as of December 26, 2021 and December 27, 2020, respectively | — | — | — | 231 |
| Inventory | 8,420 | 9,306 | 6,925 | — |
| Assets classified as held-for-sale | 370 | 3,756 | 4,767 | 5,476 |
| Other current assets | 11,200 | 10,486 | 6,086 | 11,853 |
| Total current assets | 88,034 | 121,009 | 95,701 | 118,511 |
| Non-current restricted cash | 18,767 | 15,588 | 14,720 | 18,525 |
| Notes receivable – noncurrent, net of allowance for doubtful accounts of $271, as of December 26, 2021 and December 27, 2020 | — | — | — | 3,493 |
| Deferred income tax asset, net | — | — | — | 0 |
| Operating lease right of use assets | — | — | — | 98,552 |
| Operating lease right-of-use assets | 198,091 | 220,035 | 101,114 | — |
| Goodwill | 285,337 | 305,089 | 293,282 | 295,128 |
| Other intangible assets, net | 595,689 | 620,622 | 625,294 | 652,788 |
| Property and equipment, net | 97,390 | 100,524 | 79,189 | 80,501 |
| Other assets | 5,870 | 5,371 | 4,003 | 2,534 |
| Total assets | 1,289,178 | 1,388,238 | 1,213,303 | 1,270,032 |
| Liabilities and Stockholders’ Deficit | ||||
| Liabilities | ||||
| Current liabilities | ||||
| Accounts payable | 38,725 | 21,809 | 18,328 | 27,527 |
| Accrued expenses and other liabilities | 68,084 | 58,903 | 52,800 | 46,295 |
| Deferred income, current portion | 2,275 | 2,490 | 2,019 | 2,636 |
| Accrued advertising | 5,307 | 7,992 | 14,819 | 10,853 |
| Accrued interest payable | 24,837 | 24,961 | 13,241 | 10,678 |
| Dividend payable on preferred shares | — | 1,325 | 1,467 | 1,574 |
| Dividend payable on preferred shares | 1,389 | — | — | — |
| Liabilities related to assets classified as held- for-sale | 393 | 3,421 | 4,084 | 4,780 |
| Operating lease liability, current portion | 16,229 | 17,254 | 14,815 | 14,341 |
| Redeemable preferred stock | 91,836 | 91,836 | 91,836 | 67,500 |
| Long-term debt, current portion | 49,241 | 42,611 | 49,611 | 631 |
| Acquisition purchase price payable | 0 | 4,000 | 4,000 | 1,173 |
| Other current liabilities | — | — | 0 | 10,500 |
| Total current liabilities | 298,316 | 276,602 | 267,020 | 198,488 |
| Deferred income, net of current portion | 20,347 | 21,958 | 21,698 | 17,662 |
| Acquisition purchase price payable | — | — | — | 0 |
| Deferred income tax liabilities, net | 13,772 | 18,805 | 27,181 | 12,921 |
| Operating lease liability, net of current portion | 200,132 | 211,744 | 95,620 | 92,920 |
| Long-term debt, net of current portion | 1,208,997 | 1,110,308 | 958,630 | 904,265 |
| Other liabilities | 3,326 | 4,684 | 2,332 | 976 |
| Total liabilities | 1,744,890 | 1,644,101 | 1,372,481 | 1,227,232 |
| Redeemable preferred stock | — | — | 0 | 64,455 |
| Stockholders’ deficit | ||||
| Preferred stock: $0.0001 par value; 15,000,000 shares authorized; 3,591,706 shares issued and outstanding at December 29, 2024 and 3,591,804 shares issued and outstanding at December 31, 2023; liquidation preference $25 per share | 40,837 | 44,103 | 45,504 | 55,661 |
| Class A and Class B common stock and additional paid-in capital as of December 25, 2022: $0.0001 par value per share; 51,600,000 shares authorized (Class A 50,000,000, Class B 1,600,000); 16,571,675 shares issued and outstanding (Class A 15,300,870, Class B 1,270,805). Common stock and additional paid-in capital as of December 26, 2021: $0.0001 par value; 51,600,000 shares authorized (Class A 50,000,000, Class B 1,600,000); 16,380,552 shares issued and outstanding (Class A 15,109,747, Class B 1,270,805) | — | — | (26,015) | (24,837) |
| Class A and Class B common stock and additional paid-in capital as of December 31, 2023: $0.0001 par value per share; 51,600,000 shares authorized (Class A 50,000,000, Class B 1,600,000); 16,900,099 shares issued and outstanding (Class A 15,629,294, Class B 1,270,805). Common stock and additional paid-in capital as of December 25, 2022: $0.0001 par value; 51,600,000 shares authorized (Class A 50,000,000, Class B 1,600,000); 16,571,675 shares issued and outstanding (Class A 15,300,870, Class B 1,270,805) | — | (31,189) | — | — |
| Class A and Class B common stock and additional paid-in capital as of December 29, 2024: $0.0001 par value per share; 51,600,000 shares authorized (Class A 50,000,000, Class B 1,600,000); 17,254,683 shares issued and outstanding (Class A 15,983,878, Class B 1,270,805). Common stock and additional paid-in capital as of December 31, 2023: $0.0001 par value; 51,600,000 shares authorized (Class A 50,000,000, Class B 1,600,000); 16,900,099 shares issued and outstanding (Class A 15,629,294, Class B 1,270,805) | (37,925) | — | — | — |
| Accumulated deficit | (458,624) | (268,777) | (178,667) | (52,479) |
| Total stockholders’ deficit | — | — | (159,178) | (21,655) |
| Total stockholders’ deficit | (455,712) | (255,863) | — | — |
| Total liabilities and stockholders’ deficit | 1,289,178 | 1,388,238 | 1,213,303 | 1,270,032 |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.