Cash flow FAT Brands Inc.

Equities

FAT

US30258N1054

Restaurants & Bars

Market Closed - Nasdaq Other stock markets 04:00:00 2025-01-13 pm EST			5-day change	1st Jan Change
5.260 ^USD	+0.77%		-1.87%	-1.13%

Dec. 18	FAT Brands Inc. Announces the Opening of Five New Great American Cookies and Marble Slab Creamery Locations in Texas	CI
Dec. 03	Fat Brands Inc. Opens Fifth Round Table Pizza Opens Reno-Area Location	CI

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Published financial data: FAT BRANDS INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	22.44M	18.08M	119M	407M	476M
Other Revenues, Total	66K	41K	-	-	4.94M
Total Revenues	22.5M	18.12M	119M	407M	480M
Cost of Goods Sold, Total	4.11M	5.22M	62.22M	266M	331M
Gross Profit	18.39M	12.9M	56.67M	141M	150M
Selling General & Admin Expenses, Total	11.47M	14.88M	50.25M	113M	110M
Depreciation & Amortization - (IS)	-	-	-	27.02M	31.13M
Other Operating Expenses	219K	3.83M	314K	4.18M	2.87M
Other Operating Expenses, Total	11.69M	18.7M	50.56M	144M	144M
Operating Income	6.7M	-5.8M	6.1M	-3.02M	6.43M
Interest Expense, Total	-8.66M	-8.55M	-29.06M	-94.85M	-118M
Interest And Investment Income	2.13M	3.63M	-	-	-
Net Interest Expenses	-6.53M	-4.92M	-29.06M	-94.85M	-118M
Other Non Operating Income (Expenses)	-681K	480K	750K	5.38M	1.23M
EBT, Excl. Unusual Items	-508K	-10.24M	-22.2M	-92.5M	-110M
Merger & Related Restructuring Charges	-	-604K	-4.24M	-383K	-
Impairment of Goodwill	-	-1.46M	-261K	-	-
Asset Writedown	-	-7.83M	-776K	-14.5M	-1M
Other Unusual Items	-	1.59M	-7.64M	-	14.5M
EBT, Incl. Unusual Items	-508K	-18.55M	-35.12M	-107M	-96.36M
Income Tax Expense	510K	-3.69M	-3.54M	18.81M	-6.26M
Earnings From Continuing Operations	-1.02M	-14.86M	-31.58M	-126M	-90.11M
Net Income to Company	-1.02M	-14.86M	-31.58M	-126M	-90.11M
Net Income - (IS)	-1.02M	-14.86M	-31.58M	-126M	-90.11M
Preferred Dividend and Other Adjustments	-	-	-	-	7.01M
Net Income to Common Incl Extra Items	-1.02M	-14.86M	-31.58M	-126M	-97.12M
Net Income to Common Excl. Extra Items	-1.02M	-14.86M	-31.58M	-126M	-97.12M
Per Share Items
Net EPS - Basic	-0.07	-1.01	-2.15	-7.66	-5.85
Basic EPS - Continuing Operations	-0.07	-1.01	-2.15	-7.66	-5.85
Basic Weighted Average Shares Outstanding	14.57M	14.66M	14.66M	16.48M	16.6M
Net EPS - Diluted	-0.07	-1.01	-2.15	-7.66	-5.85
Diluted EPS - Continuing Operations	-0.07	-1.01	-2.15	-7.66	-5.85
Diluted Weighted Average Shares Outstanding	14.57M	14.66M	14.66M	16.48M	16.6M
Normalized Basic EPS	-0.02	-0.44	-0.95	-3.51	-4.14
Normalized Diluted EPS	-0.02	-0.44	-0.95	-3.51	-4.14
Dividend Per Share	-	-	0.52	0.54	0.56
Payout Ratio	-	-2.14	-42.14	-13.16	-18.14
Supplemental Items
EBITDA	7.49M	-4.63M	14.67M	23.99M	37.56M
EBITA	6.97M	-5.64M	6.1M	11.88M	21.73M
EBIT	6.7M	-5.8M	6.1M	-3.02M	6.43M
EBITDAR	8.93M	-2.68M	-	-	59.76M
Total Revenues (As Reported)	22.5M	18.12M	119M	407M	480M
Effective Tax Rate - (Ratio)	-100.39	19.89	10.07	-17.52	6.49
Current Domestic Taxes	63K	-78K	952K	400K	800K
Current Foreign Taxes	244K	466K	815K	1M	1.3M
Total Current Taxes	307K	388K	1.77M	1.4M	2.1M
Deferred Domestic Taxes	203K	-4.08M	-5.3M	17.4M	-8.4M
Total Deferred Taxes	203K	-4.08M	-5.3M	17.4M	-8.4M
Normalized Net Income	-318K	-6.4M	-13.88M	-57.81M	-68.67M
Interest on Long-Term Debt	8.66M	7.57M	28.14M	94.77M	104M
Supplemental Operating Expense Items
General and Administrative Expenses	11.47M	14.88M	50.25M	113M	110M
Net Rental Expense, Total	1.44M	1.95M	-	-	22.2M
Imputed Operating Lease Interest Expense	2.64M	1.76M	-	-	15.55M
Imputed Operating Lease Depreciation	-1.2M	193K	-	-	6.65M
Stock-Based Comp., Other (Total)	262K	99K	1.64M	7.62M	3.62M
Total Stock-Based Compensation	262K	99K	1.64M	7.62M	3.62M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	25K	3.94M	56.66M	28.67M	37.04M
Total Cash And Short Term Investments	25K	3.94M	56.66M	28.67M	37.04M
Accounts Receivable, Total	4.41M	4.42M	19.79M	23.88M	21.15M
Total Receivables	4.41M	4.42M	19.79M	23.88M	21.15M
Inventory	-	-	-	6.92M	9.31M
Restricted Cash	-	2.87M	24.74M	25.38M	39.27M
Other Current Assets, Total	6.06M	13.2M	17.33M	10.85M	14.24M
Total Current Assets	10.49M	24.42M	119M	95.7M	121M
Gross Property Plant And Equipment	-	-	-	195M	348M
Accumulated Depreciation	-	-	-	-15M	-27.9M
Net Property Plant And Equipment	860K	4.47M	179M	180M	321M
Goodwill	10.91M	10.91M	295M	293M	305M
Other Intangibles, Total	29.73M	47.71M	653M	625M	621M
Accounts Receivable Long-Term	1.8M	1.62M	3.49M	-	-
Loans Receivable Long-Term	25.97M	-	-	-	-
Deferred Tax Assets Long-Term	2.03M	30.55M	-	-	-
Other Long-Term Assets, Total	755K	1.46M	21.06M	18.72M	20.96M
Total Assets	82.55M	121M	1.27B	1.21B	1.39B
Liabilities
Accounts Payable, Total	7.18M	8.62M	27.53M	18.33M	21.81M
Accrued Expenses, Total	8.04M	23.84M	67.83M	80.86M	91.86M
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	24.5M	27.28M	68.13M	141M	134M
Current Portion of Leases	241K	748K	14.34M	14.82M	17.25M
Unearned Revenue Current, Total	895K	1.89M	2.64M	2.02M	2.49M
Other Current Liabilities	4.75M	10.8M	18.03M	9.55M	8.75M
Total Current Liabilities	45.61M	73.18M	198M	267M	277M
Long-Term Debt	20.54M	73.85M	904M	959M	1.11B
Long-Term Leases	639K	4.01M	92.92M	95.62M	212M
Unearned Revenue Non Current	5.25M	9.1M	17.66M	21.7M	21.96M
Deferred Tax Liability Non Current	-	-	12.92M	27.18M	18.8M
Other Non Current Liabilities	5.13M	2.89M	976K	2.33M	4.68M
Total Liabilities	77.17M	163M	1.23B	1.37B	1.64B
Preferred Stock Redeemable	-	-	64.46M	-	-
Preferred Stock - Others	-	21.79M	55.66M	45.5M	44.1M
Total Preferred Equity	-	21.79M	120M	45.5M	44.1M
Common Stock, Total	1K	1K	2K	2K	2K
Additional Paid In Capital	11.41M	-	-	-	-
Retained Earnings	-6.04M	-20.9M	-52.48M	-179M	-269M
Comprehensive Income and Other	-	-42.78M	-24.84M	-26.02M	-31.19M
Total Common Equity	5.38M	-63.67M	-77.32M	-205M	-300M
Total Equity	5.38M	-41.88M	42.8M	-159M	-256M
Total Liabilities And Equity	82.55M	121M	1.27B	1.21B	1.39B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	14.63M	14.82M	16.39M	16.59M	16.97M
ECS Total Common Shares Outstanding	14.61M	14.69M	16.38M	16.57M	16.9M
Book Value / Share	0.37	-4.33	-4.72	-12.35	-17.75
Tangible Book Value	-35.27M	-122M	-1.03B	-1.12B	-1.23B
Tangible Book Value Per Share	-2.41	-8.32	-62.59	-67.78	-72.52
Total Debt	45.92M	106M	1.08B	1.21B	1.47B
Net Debt	45.9M	102M	1.02B	1.18B	1.44B
Debt Equivalent Oper. Leases	11.53M	15.6M	-	-	178M
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	-	-	-	26.5M	44.9M
Full Time Employees	58	179	1.1K	1.1K	2.6K
Part Time Employees	-	-	4.1K	4.3K	4.79K
Accumulated Allowance for Doubtful Accounts (Supple)	153K	842K	4.14M	24.2M	3.7M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	-1.02M	-14.86M	-31.58M	-126M	-90.11M
Depreciation & Amortization - CF	522K	1.01M	8.57M	12.12M	15.83M
Amortization of Goodwill and Intangible Assets - (CF)	263K	162K	-	14.9M	15.3M
Depreciation & Amortization, Total	785K	1.17M	8.57M	27.02M	31.13M
Amortization of Deferred Charges, Total - (CF)	1.88M	973K	2.79M	10.77M	13.54M
(Gain) Loss From Sale Of Asset	-1.8M	55K	-2.68M	-	-
Asset Writedown & Restructuring Costs	-	9.3M	1.04M	14M	500K
Stock-Based Compensation (CF)	262K	99K	1.64M	7.62M	3.62M
Provision and Write-off of Bad Debts	77K	981K	1.84M	20.72M	-9.83M
Other Operating Activities, Total	1.51M	-4.76M	4.9M	22.84M	-5.92M
Change In Accounts Receivable	-640K	554K	-4.7M	-24.52M	12.57M
Change In Inventories	-	-	-	-	-2.38M
Change In Accounts Payable	3.77M	-9K	5.37M	-9.2M	3.48M
Change in Unearned Revenues	-2.36M	-144K	768K	3.42M	732K
Change in Other Net Operating Assets	601K	-4.84M	12.73M	6.12M	7.07M
Cash from Operations	3.07M	-11.48M	682K	-47.4M	-35.61M
Capital Expenditure	-45K	-460K	-10.42M	-21.42M	-18.9M
Sale of Property, Plant, and Equipment	-	-	-	9.93M	-
Cash Acquisitions	-2.33M	-23.92M	-721M	-1.02M	-38.6M
Divestitures	2.34M	1.09M	2.69M	-	-
Sale (Purchase) of Real Estate properties	-	-	4.23M	-	-
Sale (Purchase) of Intangible assets	-	-	-	-1.75M	-2.61M
Investment in Marketable and Equity Securities, Total	-10.45M	-13.36M	-	-	-
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	212K	1.76M	-
Other Investing Activities, Total	-	69K	1.47M	-	295K
Cash from Investing	-10.49M	-36.58M	-723M	-12.5M	-59.8M
Long-Term Debt Issued, Total	23.02M	74.29M	897M	55.22M	183M
Total Debt Issued	23.02M	74.29M	897M	55.22M	183M
Long-Term Debt Repaid, Total	-17.26M	-25.11M	-96.87M	-10.57M	-54.37M
Total Debt Repaid	-17.26M	-25.11M	-96.87M	-10.57M	-54.37M
Issuance of Common Stock	-	-	2.57M	694K	6.16M
Repurchase of Common Stock	-2K	-	-	-	-
Issuance of Preferred Stock	1.11M	8.12M	26.73M	-	-
Repurchase of Preferred Stock	-	-500K	-	-	-
Common Dividends Paid	-	-	-7.47M	-8.9M	-9.34M
Preferred Dividends Paid	-	-	-5.84M	-7.7M	-7.01M
Common & Preferred Stock Dividends Paid	-	-318K	-	-	-
Common & Preferred Stock Dividends Paid	-	-318K	-13.31M	-16.6M	-16.35M
Other Financing Activities, Total	-80K	-1.24M	-1.1M	-	-
Cash from Financing	6.79M	55.24M	815M	28.74M	119M
Net Change in Cash	-628K	7.19M	92.71M	-31.16M	23.14M
Supplemental Items
Cash Interest Paid	5.99M	6.4M	14.98M	66.85M	109M
Cash Income Tax Paid (Refund)	244K	167K	842K	1.03M	1.75M
Levered Free Cash Flow	2.75M	7.08M	17.71M	-48.84M	-45.45M
Unlevered Free Cash Flow	6.28M	11.45M	33.09M	-333K	14.47M
Change In Net Working Capital	-1.08M	-14.27M	-29.49M	9.91M	2.79M
Net Debt Issued / Repaid	5.77M	49.18M	800M	44.65M	129M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	5.96	-3.56	0.55	-0.15	0.31
Return on Total Capital	9.67	-6.26	0.64	-0.17	0.35
Return On Equity %	-18.31	82.84	-6.89K	216.86	43.42
Return on Common Equity	-18.31	50.98	44.8	89.5	38.49
Margin Analysis
Gross Profit Margin %	81.73	71.2	47.67	34.62	31.21
SG&A Margin	50.98	82.11	42.27	27.7	22.79
EBITDA Margin %	33.27	-25.56	12.34	5.89	7.82
EBITA Margin %	30.95	-31.13	5.13	2.92	4.52
EBIT Margin %	29.78	-32.03	5.13	-0.74	1.34
Income From Continuing Operations Margin %	-4.52	-82.02	-26.57	-30.99	-18.76
Net Income Margin %	-4.52	-82.02	-26.57	-30.99	-18.76
Net Avail. For Common Margin %	-4.52	-82.02	-26.57	-30.99	-20.21
Normalized Net Income Margin	-1.41	-35.33	-11.67	-14.2	-14.29
Levered Free Cash Flow Margin	12.21	39.1	14.9	-11.99	-9.46
Unlevered Free Cash Flow Margin	27.89	63.22	27.83	-0.08	3.01
Asset Turnover
Asset Turnover	0.32	0.18	0.17	0.33	0.37
Fixed Assets Turnover	-	6.8	1.29	2.27	1.92
Receivables Turnover (Average Receivables)	7.18	4.1	9.82	18.53	21.12
Inventory Turnover (Average Inventory)	-	-	-	41.43	40.73
Short Term Liquidity
Current Ratio	0.23	0.33	0.6	0.36	0.44
Quick Ratio	0.1	0.11	0.39	0.2	0.21
Operating Cash Flow to Current Liabilities	0.07	-0.16	0	-0.18	-0.13
Days Sales Outstanding (Average Receivables)	50.69	88.82	37.05	19.65	17.56
Days Outstanding Inventory (Average Inventory)	-	-	-	8.79	9.11
Average Days Payable Outstanding	513.46	551.37	105.76	31.23	22.37
Cash Conversion Cycle (Average Days)	-	-	-	-2.79	4.31
Long Term Solvency
Total Debt/Equity	853.94	-252.81	2.52K	-760.48	-575.99
Total Debt / Total Capital	89.52	165.44	96.19	115.14	121.01
LT Debt/Equity	393.86	-185.91	2.33K	-662.31	-516.7
Long-Term Debt / Total Capital	41.29	121.66	88.84	100.28	108.55
Total Liabilities / Total Assets	93.49	134.57	96.63	113.12	118.43
EBIT / Interest Expense	0.77	-0.68	0.21	-0.03	0.05
EBITDA / Interest Expense	1.03	-0.31	0.53	0.28	0.51
(EBITDA - Capex) / Interest Expense	1.03	-0.37	0.17	0.05	0.35
Total Debt / EBITDA	5.14	-39.49	70.52	45.73	24.66
Net Debt / EBITDA	5.14	-38.02	66.81	44.65	24.04
Total Debt / (EBITDA - Capex)	5.17	-33.71	220.83	239.66	36.06
Net Debt / (EBITDA - Capex)	5.17	-32.46	209.25	233.98	35.16
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	26.19	-19.49	556.15	242.55	17.98
Gross Profit, 1 Yr. Growth %	25.54	-29.87	339.27	148.8	6.36
EBITDA, 1 Yr. Growth %	63	-169.09	-416.8	64.6	56.54
EBITA, 1 Yr. Growth %	64.45	-191.26	-205.17	-1.85	82.93
EBIT, 1 Yr. Growth %	58.24	-198.06	-205.17	-149.5	-312.84
Earnings From Cont. Operations, 1 Yr. Growth %	-43.38	1.36K	112.54	299.54	-28.59
Net Income, 1 Yr. Growth %	-43.38	1.36K	112.54	299.54	-28.59
Normalized Net Income, 1 Yr. Growth %	-75.49	1.92K	129.43	316.57	18.78
Diluted EPS Before Extra, 1 Yr. Growth %	-47.46	1.35K	112.56	255.43	-27.42
Accounts Receivable, 1 Yr. Growth %	138.94	0.23	348.05	18.9	-11.45
Inventory, 1 Yr. Growth %	-	-	-	16.84	34.38
Net Property, Plant and Equip., 1 Yr. Growth %	-	419.65	3.52K	0.7	77.79
Total Assets, 1 Yr. Growth %	42.43	46.75	948.37	-4.47	14.42
Tangible Book Value, 1 Yr. Growth %	26.22	246.75	738.35	9.56	9.12
Common Equity, 1 Yr. Growth %	-6.29	-1.28K	21.43	164.73	46.55
Cash From Operations, 1 Yr. Growth %	67.17	-820.45	-105.94	-7.05K	-24.88
Capital Expenditures, 1 Yr. Growth %	-69.59	922.22	2.17K	105.54	-11.79
Levered Free Cash Flow, 1 Yr. Growth %	-30.22	213.77	150.09	-385.75	-6.95
Unlevered Free Cash Flow, 1 Yr. Growth %	-10.84	97.97	188.88	-101.03	-4.44K
Dividend Per Share, 1 Yr. Growth %	-	-	-	3.85	3.7
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	128.48	0.79	129.84	374.09	101.03
Gross Profit, 2 Yr. CAGR %	106.56	-6.17	75.52	230.59	62.67
EBITDA, 2 Yr. CAGR %	112.34	0.4	47.94