Income Statement Krispy Kreme, Inc.

Equities

DNUT

US50101L1061

Restaurants & Bars

Market Closed - Nasdaq Other stock markets 04:00:00 2024-09-19 pm EDT			5-day change	1st Jan Change
12.22 ^USD	+0.16%		+6.08%	-19.02%

Sep. 16	Krispy Kreme, Inc. Introduces Golden Harvest Collection, All-New Flavors to Savor Just in Time for Fall	CI
Sep. 13	Krispy Kreme Keeps Quarterly Dividend Steady at $0.035 per Share, Payable Nov. 6 to Shareholders of Record on Oct. 23	MT

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Published financial data: KRISPY KREME, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	959M	1.12B	1.38B	1.53B	1.69B
Total Revenues	959M	1.12B	1.38B	1.53B	1.69B
Cost of Goods Sold, Total	653M	799M	984M	1.11B	1.21B
Gross Profit	307M	323M	400M	419M	476M
Selling General & Admin Expenses, Total	190M	216M	262M	266M	313M
Pre-Opening Costs	7.08M	11.58M	5.57M	4.23M	4.12M
Depreciation & Amortization - (IS)	63.77M	80.4M	102M	110M	126M
Other Operating Expenses	6.38M	1.8M	-13M	8.31M	1.92M
Other Operating Expenses, Total	267M	310M	356M	389M	445M
Operating Income	39.08M	12.96M	44M	30.83M	31.7M
Interest Expense, Total	-60.03M	-57.21M	-43.01M	-34.1M	-50.34M
Interest And Investment Income	-	-	-	-	-
Net Interest Expenses	-60.03M	-57.21M	-43.01M	-34.1M	-50.34M
Income (Loss) On Equity Invest.	-	-	-	-	-
Currency Exchange Gains (Loss)	-248K	-21K	-62K	-90K	-175K
Other Non Operating Income (Expenses)	857K	1.12M	-2.13M	-2.95M	-3.62M
EBT, Excl. Unusual Items	-20.34M	-43.14M	-1.2M	-6.31M	-22.44M
Restructuring Charges	-	-	-	-	-10.1M
Merger & Related Restructuring Charges	-	-	-	-	-
Gain (Loss) On Sale Of Assets	-585K	-2.77M	-	6.55M	9.65M
Asset Writedown	-500K	-300K	-2.9M	-8.4M	-18.1M
Legal Settlements	-	-	-	-	-
Other Unusual Items	-	-5.61M	-	-	-
EBT, Incl. Unusual Items	-21.42M	-51.83M	-4.1M	-8.16M	-40.99M
Income Tax Expense	12.58M	9.11M	10.74M	612K	-4.35M
Earnings From Continuing Operations	-34M	-60.94M	-14.84M	-8.78M	-36.65M
Net Income to Company	-34M	-60.94M	-14.84M	-8.78M	-36.65M
Minority Interest	-3.41M	-3.36M	-9.66M	-6.85M	-1.28M
Net Income - (IS)	-37.41M	-64.3M	-24.51M	-15.62M	-37.92M
Preferred Dividend and Other Adjustments	-278K	477K	1.47M	374K	-
Net Income to Common Incl Extra Items	-37.13M	-64.78M	-25.97M	-16M	-37.92M
Net Income to Common Excl. Extra Items	-37.13M	-64.78M	-25.97M	-16M	-37.92M
Per Share Items
Net EPS - Basic	-0.3	-0.52	-0.18	-0.1	-0.23
Basic EPS - Continuing Operations	-0.3	-0.52	-0.18	-0.1	-0.23
Basic Weighted Average Shares Outstanding	125M	125M	148M	167M	168M
Net EPS - Diluted	-0.3	-0.52	-0.18	-0.1	-0.23
Diluted EPS - Continuing Operations	-0.3	-0.52	-0.18	-0.1	-0.23
Diluted Weighted Average Shares Outstanding	125M	125M	148M	167M	168M
Normalized Basic EPS	-0.13	-0.24	-0.07	-0.06	-0.09
Normalized Diluted EPS	-0.13	-0.24	-0.07	-0.06	-0.09
Dividend Per Share	-	-	0.07	0.14	0.14
Payout Ratio	-7.03	-0.07	-196.63	-149.98	-62.12
Supplemental Items
EBITDA	100M	90.77M	142M	136M	158M
EBITA	60.38M	39.26M	73.8M	59.33M	61.1M
EBIT	39.08M	12.96M	44M	30.83M	31.7M
EBITDAR	163M	176M	249M	254M	287M
Total Revenues (As Reported)	959M	1.12B	1.38B	1.53B	1.69B
Effective Tax Rate - (Ratio)	-58.71	-17.58	-262.2	-7.5	10.6
Current Domestic Taxes	1.81M	156K	347K	1.03M	-2.08M
Current Foreign Taxes	2.34M	8.99M	13.89M	13.82M	16.21M
Total Current Taxes	4.16M	9.15M	14.24M	14.85M	14.14M
Deferred Domestic Taxes	9.37M	4.63M	-1.43M	-9.68M	-13.52M
Deferred Foreign Taxes	-952K	-4.66M	-2.07M	-4.56M	-4.96M
Total Deferred Taxes	8.42M	-36K	-3.5M	-14.24M	-18.49M
Normalized Net Income	-16.12M	-30.33M	-10.41M	-10.79M	-15.3M
Interest on Long-Term Debt	25.56M	24.51M	12.39M	1.96M	2.71M
Supplemental Operating Expense Items
Marketing Expenses	28.8M	34M	39.49M	42.57M	45.87M
Selling and Marketing Expenses	-	-	39.49M	42.57M	45.87M
General and Administrative Expenses	-	-	-	-	-
Net Rental Expense, Total	63.08M	85.54M	106M	118M	130M
Imputed Operating Lease Interest Expense	-	24.92M	25.95M	26.38M	39.71M
Imputed Operating Lease Depreciation	-	60.62M	80.51M	91.2M	90.02M
Stock-Based Comp., COGS (Total)	-	-	-	-	-
Stock-Based Comp., G&A Exp. (Total)	-	-	-	-	-
Stock-Based Comp., SG&A Exp. (Total)	10.74M	11.62M	22.92M	18.17M	24.2M
Total Stock-Based Compensation	10.74M	11.62M	22.92M	18.17M	24.2M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	35.37M	37.46M	38.56M	35.37M	38.18M
Short Term Investments	2.02M	1.05M	-	-	-
Trading Asset Securities, Total	-	-	-	7.22M	1.6M
Total Cash And Short Term Investments	37.4M	38.51M	38.56M	42.59M	39.78M
Accounts Receivable, Total	34.2M	39.62M	41.13M	40.13M	45.86M
Other Receivables	14.15M	34.73M	21.02M	29.22M	29.03M
Notes Receivable	-	-	-	-	-
Total Receivables	48.35M	74.35M	62.15M	69.35M	74.89M
Inventory	22.56M	38.52M	34.85M	46.24M	34.72M
Prepaid Expenses	9.18M	12.14M	19.22M	19.22M	23.77M
Deferred Tax Assets Current	-	-	-	-	-
Restricted Cash	77K	23K	630K	359K	429K
Other Current Assets, Total	305K	551K	1.49M	514K	-
Total Current Assets	118M	164M	157M	178M	174M
Gross Property Plant And Equipment	836M	1.01B	1.14B	1.21B	1.4B
Accumulated Depreciation	-127M	-214M	-265M	-321M	-405M
Net Property Plant And Equipment	709M	795M	874M	890M	995M
Long-term Investments	-	-	-	3.24M	-
Goodwill	1.05B	1.09B	1.11B	1.09B	1.1B
Other Intangibles, Total	985M	998M	993M	966M	946M
Loans Receivable Long-Term	-	-	-	-	-
Deferred Tax Assets Long-Term	-	92K	377K	2.73M	2.11M
Deferred Charges Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	13.48M	17.31M	16.05M	20.55M	21.43M
Total Assets	2.87B	3.06B	3.15B	3.15B	3.24B
Liabilities
Accounts Payable, Total	139M	149M	182M	225M	156M
Accrued Expenses, Total	66.16M	98.67M	115M	84.84M	111M
Current Portion of Long-Term Debt	44.43M	45.24M	43.54M	35M	46M
Current Portion of Leases	49.55M	51.92M	51.94M	48.19M	59M
Unearned Revenue Current, Total	13.62M	16.04M	17.46M	19.42M	22.07M
Other Current Liabilities	69.98M	137M	116M	104M	131M
Total Current Liabilities	382M	498M	526M	516M	526M
Long-Term Debt	1.04B	1.13B	664M	712M	798M
Long-Term Leases	379M	396M	438M	440M	493M
Unearned Revenue Non Current	3.38M	2.84M	2.98M	3.95M	6M
Deferred Tax Liability Non Current	153M	145M	145M	143M	124M
Other Non Current Liabilities	30.93M	38.03M	33.4M	34.31M	30.09M
Total Liabilities	1.99B	2.21B	1.81B	1.85B	1.98B
Common Stock, Total	1K	1K	1.67M	1.68M	1.69M
Additional Paid In Capital	835M	847M	1.42B	1.43B	1.44B
Retained Earnings	-77.88M	-142M	-178M	-217M	-279M
Comprehensive Income and Other	-22.78M	-19.87M	-6.86M	-13.96M	3.4M
Total Common Equity	735M	685M	1.23B	1.2B	1.17B
Minority Interest	149M	164M	104M	103M	94.1M
Total Equity	883M	848M	1.34B	1.3B	1.26B
Total Liabilities And Equity	2.87B	3.06B	3.15B	3.15B	3.24B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	125M	125M	167M	168M	169M
ECS Total Common Shares Outstanding	125M	125M	167M	168M	169M
Book Value / Share	5.88	5.48	7.36	7.12	6.94
Tangible Book Value	-1.3B	-1.4B	-866M	-858M	-879M
Tangible Book Value Per Share	-10.4	-11.2	-5.18	-5.1	-5.21
Total Debt	1.52B	1.63B	1.2B	1.24B	1.4B
Net Debt	1.48B	1.59B	1.16B	1.19B	1.36B
Debt Equivalent Oper. Leases	505M	684M	852M	941M	1.04B
Minority Interest, Total (Incl. Fin. Div)	149M	164M	104M	103M	94.1M
Account Code - Inventory Valuation	-	5	5	5	5
Inventories - Raw Materials, Total	14.17M	16.26M	15.28M	20.71M	21M
Inventories - Work In Process, Total	82K	871K	700K	476K	211K
Inventories - Finished Goods, Total	8.31M	21.38M	18.87M	25.05M	13.5M
Land - (BS)	13M	13.19M	12.93M	11.53M	12.12M
Buildings, Total	108M	142M	147M	155M	159M
Machinery, Total	21.29M	34.58M	244M	282M	355M
Full Time Employees	-	21K	21.5K	23.5K	22.8K
Part Time Employees	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	896K	282K	564K

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	-37.41M	-64.3M	-24.51M	-15.62M	-37.92M
Depreciation & Amortization - CF	42.47M	54.1M	71.81M	81.76M	96.49M
Amortization of Goodwill and Intangible Assets - (CF)	21.3M	26.3M	29.8M	28.5M	29.4M
Depreciation & Amortization, Total	63.77M	80.4M	102M	110M	126M
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	-
(Gain) Loss From Sale Of Asset	585K	2.77M	-8.22M	-6.16M	-9.54M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-10.29M
Asset Writedown & Restructuring Costs	3.08M	4.7M	3.51M	18.3M	24.91M
(Income) Loss On Equity Investments - (CF)	-	-	-	-	-
Stock-Based Compensation (CF)	10.74M	11.6M	22.92M	18.17M	24.2M
Provision and Write-off of Bad Debts	365K	1.05M	275K	570K	654K
Other Operating Activities, Total	42.2M	2.94M	12.53M	4.19M	4.32M
Change In Accounts Receivable	-1.26M	-11.94M	-3.82M	-9.48M	-3.52M
Change In Inventories	-3.22M	-15.35M	-301K	-12.52M	780K
Change In Accounts Payable	-10.15M	12.91M	30.24M	32.02M	-74.47M
Change in Other Net Operating Assets	12.11M	3.91M	6.98M	97K	531K
Cash from Operations	80.81M	28.68M	141M	140M	45.54M
Capital Expenditure	-76.37M	-97.83M	-119M	-112M	-121M
Sale of Property, Plant, and Equipment	-	2.84M	218K	1.08M	218K
Cash Acquisitions	-150M	-74.89M	-46.33M	-17.33M	-
Divestitures	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-505K	1.07M	1.02M	-989K	-1.42M
Net (Increase) Decrease in Loans Originated / Sold - Investing	645K	684K	92K	-916K	20K
Other Investing Activities, Total	-	-	11.09M	8.4M	10.02M
Cash from Investing	-227M	-168M	-153M	-121M	-113M
Long-Term Debt Issued, Total	804M	288M	695M	149M	1.18B
Total Debt Issued	804M	288M	695M	149M	1.18B
Long-Term Debt Repaid, Total	-715M	-226M	-1.15B	-101M	-1.08B
Total Debt Repaid	-715M	-226M	-1.15B	-101M	-1.08B
Issuance of Common Stock	-	-	648M	-	764K
Repurchase of Common Stock	-	-	-139M	-4.02M	-1.88M
Common Dividends Paid	-2.63M	-42K	-48.19M	-23.43M	-23.56M
Common & Preferred Stock Dividends Paid	-2.63M	-42K	-48.19M	-23.43M	-23.56M
Other Financing Activities, Total	42.32M	76.93M	7.57M	-37.21M	5.23M
Cash from Financing	129M	139M	16.1M	-16.84M	71.86M
Foreign Exchange Rate Adjustments	-941K	2.04M	-2.2M	-4.97M	-1.93M
Net Change in Cash	-17.66M	2.03M	1.71M	-3.46M	2.88M
Supplemental Items
Cash Interest Paid	40.1M	33.5M	44.3M	30.7M	55.8M
Cash Income Tax Paid (Refund)	9.3M	9.3M	13.6M	16.7M	11.1M
Levered Free Cash Flow	-	33.59M	42.9M	-88.5K	6.22M
Unlevered Free Cash Flow	-	69.35M	69.79M	21.23M	37.68M
Change In Net Working Capital	-	-67.06M	-37.25M	14.76M	10.79M
Net Debt Issued / Repaid	89.38M	62.56M	-452M	47.82M	91.31M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	-	0.27	0.89	0.61	0.62
Return on Total Capital	-	0.33	1.1	0.76	0.76
Return On Equity %	-	-7.04	-1.36	-0.67	-2.86
Return on Common Equity	-	-9.13	-2.71	-1.32	-3.21
Margin Analysis
Gross Profit Margin %	31.95	28.79	28.9	27.41	28.25
SG&A Margin	19.83	19.28	18.92	17.37	18.55
EBITDA Margin %	10.46	8.09	10.29	8.89	9.35
EBITA Margin %