DENNY’S CORPORATION DENN Income Statement

Denny’s corporation (DENN)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Revenue:
Total operating revenue
96,695	113,836	124,258	151,884	151,411	159,549	158,023	157,334	155,273	135,499	132,384	133,376	127,910	129,605	128,386	124,315	124,642	124,025	123,778	123,319	120,171	128,729	117,032	114,614	111,920	114,257	117,275	116,571	114,490	115,949	120,945	124,731	126,738	130,194	136,682	135,853	135,805	139,932	135,077
Costs of company restaurant sales, excluding depreciation and amortization:
Product costs
10,130	11,849	15,603	23,363	23,905	25,240	25,303	25,054	24,935	25,027	24,896	24,769	23,133	23,234	22,819	21,781	22,653	23,051	23,289	21,876	21,444	23,551	21,364	21,327	20,583	21,270	21,722	21,402	21,146	20,789	21,449	22,702	23,533	24,701	25,847	25,613	25,635	25,405	24,500
Payroll and benefits
17,106	18,331	23,777	36,866	39,832	40,982	41,041	41,065	41,226	39,816	37,332	38,492	37,397	38,275	35,999	34,088	34,461	35,508	34,249	33,665	33,204	35,696	32,507	31,978	33,099	32,793	33,746	33,220	31,546	32,524	34,409	36,617	37,753	39,698	41,261	42,419	44,196	41,533	43,363
Occupancy
3,163	3,030	4,301	5,498	5,784	6,063	6,083	5,435	5,647	5,511	5,054	5,503	4,734	4,836	4,928	4,993	4,800	5,471	5,164	4,913	4,895	5,400	5,418	4,899	5,128	5,180	5,598	5,513	5,228	5,629	5,780	6,222	5,774	6,791	6,928	6,793	6,860	7,097	6,908
Other operating expenses
5,719	6,937	10,625	14,103	14,592	15,218	15,419	15,021	15,050	13,505	14,040	12,933	12,571	11,685	13,372	11,975	12,197	11,609	12,388	11,866	11,765	12,536	12,514	11,443	11,365	10,654	12,022	11,316	11,200	11,758	12,170	12,202	12,895	14,580	15,851	15,329	15,257	17,158	15,994
Total costs of company restaurant sales
36,118	40,147	54,306	79,830	84,113	87,503	87,846	86,575	86,858	83,859	81,322	81,697	77,835	78,030	77,118	72,837	74,111	75,639	75,090	72,320	71,308	77,183	71,803	69,647	70,175	69,897	73,088	71,451	69,120	70,700	73,808	77,743	79,955	85,770	89,887	90,154	91,948	91,193	90,765
Costs of franchise and license revenue, excluding depreciation and amortization
29,170	33,261	31,136	28,871	27,058	28,517	28,174	29,049	28,556	9,811	9,493	10,244	9,746	9,768	10,275	10,759	10,003	10,502	10,649	11,216	10,978	12,122	11,309	10,633	10,697	11,523	11,599	11,585	11,402	11,899	12,078	11,386	11,312	10,971	10,747	11,085	11,565	12,009	11,123
General and administrative expenses
7,742	15,359	16,395	18,453	18,811	15,690	15,981	15,597	16,560	15,879	16,446	16,581	17,509	17,269	17,558	16,206	16,927	16,831	16,008	16,827	16,936	17,284	13,439	14,068	14,116	13,887	13,704	14,085	15,159	15,157	14,702	14,785	15,663	13,786	13,335	14,092	14,139	14,375	13,111
Depreciation and amortization
4,146	4,227	4,338	5,048	6,233	7,074	6,760	6,691	6,514	6,227	5,958	5,799	5,736	5,971	5,609	5,105	5,493	5,712	5,422	5,314	5,024	5,514	5,185	5,281	5,238	5,727	5,198	5,352	5,224	5,130	5,287	5,827	6,060	6,602	6,955	7,234	7,188	7,320	7,291
Operating (gains), losses and other charges, net
-1,473	5,721	50,091	26,433	8,935	-1,005	-793	-462	-360	-870	-630	-2,046	-783	-2,545	-249	-24,241	125	-644	-886	-228	-608	-221	-587	-40	-422	-8,528	-161	1,484	134	312	3,380	-4,009	-165	1,259	1,791	-419	-529	-1,900	-117
Total operating costs and expenses, net
78,649	87,273	56,084	105,769	127,280	139,789	139,554	138,374	138,848	116,646	113,849	116,367	111,609	113,583	110,809	129,148	106,409	109,328	108,055	105,905	104,854	112,324	102,323	99,669	100,648	106,326	103,750	103,957	101,039	104,162	109,255	105,732	112,825	118,388	122,715	122,146	124,311	122,997	122,173
Operating income
18,046	26,563	68,174	46,115	24,131	19,760	18,469	18,960	16,425	18,853	18,535	17,009	16,301	16,022	17,577	-4,833	18,233	14,697	15,723	17,414	15,317	16,405	14,709	14,945	11,272	7,931	13,525	12,614	13,451	11,787	11,690	18,999	13,913	11,806	13,967	13,707	11,494	16,935	12,904
Interest expense, net
3,951	3,570	4,188	5,382	5,407	5,421	5,314	5,385	4,625	4,292	4,067	3,740	3,541	3,327	3,117	3,014	2,774	2,605	2,327	2,264	2,087	2,302	2,284	2,274	2,322	2,482	2,452	2,548	2,800	2,832	3,088	2,993	4,456	4,650	4,796	4,901	5,693	-6,394	-6,514
Other nonoperating expense (income), net
-2,763	652	415	273	1,423	-1,496	460	629	-212	690	286	410	357	474	543	119	-27	399	-592	83	-29	147	33	332	100	-83	276	-1,331	-1	15	-38	-8,198	295	-81	-780	-268	-1,478	188	570
Total other expenses, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-5,576	-5,169	-7,171	6,582	7,084
Income before income taxes
11,332	23,645	64,401	41,006	20,147	12,843	13,615	14,204	11,588	15,251	14,754	13,679	13,117	13,169	15,003	-7,728	15,432	12,491	12,804	15,233	13,201	14,250	12,458	13,003	9,050	5,366	11,349	8,735	10,650	8,970	8,564	7,808	9,752	7,075	8,391	8,538	4,323	10,353	5,820
Provision for income taxes
2,319	5,086	15,279	6,767	4,657	1,340	2,810	2,578	1,829	2,104	5,429	4,930	4,744	1,895	5,277	3,824	5,478	3,732	3,854	5,499	4,668	4,572	4,115	4,730	2,619	1,104	4,318	2,537	3,569	2,490	3,201	3,207	3,887	-84,973	406	408	199	419	362
Net Income (Loss) Attributable to Parent
9,013	18,559	49,122	34,239	15,490	11,503	10,805	11,626	9,759	13,147	9,325	8,749	8,373	11,274	9,726	-11,552	9,954	8,759	8,950	9,734	8,533	9,678	8,343	8,273	6,431	4,262	7,031	6,198	7,081	6,480	5,363	4,601	5,865	92,048	7,985	8,130	4,124	9,934	5,458
Basic net income per share (in dollars per share)
0.16	0.31	0.83	0.57	0.25	0.19	0.17	0.18	0.15	0.19	0.14	0.13	0.12	0.15	0.13	-0.15	0.13	0.11	0.11	0.12	0.10	0.11	0.10	0.10	0.07	0.04	0.08	0.07	0.08	0.06	0.06	0.05	0.06	-	0.08	-	-	0.10	-
Diluted net income per share (in dollars per share)
0.16	0.31	0.80	0.55	0.24	0.18	0.16	0.18	0.15	0.20	0.13	0.12	0.11	0.14	0.13	-0.15	0.13	0.10	0.11	0.11	0.10	0.11	0.10	0.09	0.07	0.04	0.08	0.07	0.07	0.06	0.06	0.05	0.06	-	0.08	-	-	0.10	-
Basic and diluted net income per share (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.08	0.04	-	0.05
Weighted Average Number of Shares Outstanding, Basic
56,300	58,405	59,430	60,290	61,651	62,134	63,246	63,644	64,432	65,024	66,873	69,407	71,004	72,659	74,851	76,730	77,060	78,735	82,923	83,975	84,875	84,647	85,061	86,781	88,803	89,272	90,035	91,659	92,350	93,379	94,705	95,637	96,075	96,186	96,997	98,421	98,980	99	99,263
Weighted Average Number of Shares Outstanding, Diluted
58,106	60,378	61,189	62,082	63,683	63,652	65,522	66,128	66,946	67,500	69,210	71,661	73,241	76,426	76,791	76,730	78,877	80,315	85,056	86,080	87,465	87,237	86,983	88,384	90,816	91,519	91,967	93,665	94,461	94,985	96,745	97,408	97,878	97,642	98,746	100,602	101,362	101	101,983
Comprehensive income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,631	4,869	6,133	-	7,985	8,130	4,124	-	-
Company restaurant sales
Total operating revenue
42,291	48,803	63,582	95,447	98,545	104,389	103,609	102,741	101,193	100,303	97,915	98,355	93,779	94,592	93,122	89,210	90,386	89,183	89,279	88,629	85,982	91,415	82,827	81,138	79,304	81,092	83,371	82,841	81,030	81,733	86,575	91,239	94,163	98,360	104,659	104,021	104,555	107,171	105,301
Franchise [Member]
Total operating revenue
54,404	65,033	60,676	56,437	52,866	55,160	54,414	54,593	54,080	35,196	34,469	35,021	34,131	35,013	35,264	35,105	34,256	34,842	34,499	34,690	34,189	37,314	34,205	33,476	32,616	33,165	33,904	33,730	33,460	34,216	34,370	33,492	32,575	31,834	32,023	31,832	31,250	32,761	29,776