Dine Brands Global, Inc. DIN Income Statement

Dine brands global, inc. (DIN)

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
Revenues:
Rental revenues
29,009	31,107	28,970	29,878	30,711	30,642	30,127	30,324	30,841	30,585	30,263	30,124	30,465	30,291	30,507	30,830	31,409	33,895	31,221	31,132	31,402	30,709	30,761	30,709	30,753	32,045	30,990	30,731	31,003	30,763	30,920	29,171	32,005	30,957	31,163	31,624	32,216	32,210	32,187
Total revenues
206,900	227,500	217,400	228,100	237,200	214,100	194,100	184,500	188,200	176,682	174,903	188,654	191,461	307,767	156,017	160,258	163,524	171,300	162,437	171,549	175,814	164,413	162,853	160,521	167,201	157,901	161,283	158,114	163,169	158,637	216,318	229,391	245,582	242,179	264,481	268,338	300,200	335,515	340,136
Cost of revenues:
Franchise expenses
69,450	78,967	74,577	78,907	80,303	87,462	78,341	82,944	81,872	84,264	70,033	69,522	70,167	171,371	41,553	39,707	40,869	41,553	41,984	51,423	52,026	49,008	47,570	42,155	45,678	42,357	44,091	42,308	44,476	45,772	95,689	105,920	111,815	484,793	25,006	26,207	27,443	25,298	26,027
Company restaurant expenses
30,332	30,141	30,361	31,232	31,538	5,872	0	0	0	31	17	3,447	4,343	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	113,976	117,279	131,766	177,253	182,064
Interest expense from finance leases
1,210	1,277	1,351	1,445	1,529	1,579	1,668	1,770	1,877	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other rental expenses
21,323	21,316	21,251	21,495	21,095	20,766	21,314	21,018	20,764	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Rental expenses
22,533	22,593	22,602	22,940	22,624	22,345	22,982	22,788	22,641	22,927	22,318	22,681	22,666	22,508	22,771	23,030	23,231	24,515	23,264	23,319	23,490	23,464	23,654	23,653	23,866	24,345	24,149	24,535	24,269	24,090	24,237	24,301	24,537	24,413	24,521	24,566	24,647	24,628	24,645
Financing expenses
142	142	145	146	146	148	150	149	150	149	449	0	0	-	9	146	-	4	504	0	12	0	0	240	585	0	0	245	0	37	15	916	655	-28	425	1	5,575	763	2
Total cost of revenues
122,457	131,843	127,685	133,225	134,611	115,827	101,473	105,881	104,663	107,371	92,817	95,650	97,176	212,103	64,333	62,883	64,100	66,072	65,752	74,742	75,528	72,472	71,224	66,048	70,129	66,702	68,240	67,088	68,745	69,899	119,941	131,137	137,007	146,157	163,928	168,053	189,431	227,942	232,738
Gross profit
84,427	95,668	89,720	94,855	102,571	98,371	92,626	78,590	83,500	69,336	82,086	93,004	94,285	95,664	91,684	97,375	99,424	105,228	96,685	96,807	100,286	91,941	91,629	94,473	97,072	91,199	93,043	91,026	94,424	88,738	96,377	98,254	108,575	96,022	100,553	100,285	110,769	107,573	107,398
General and administrative expenses
37,608	41,710	38,922	39,364	42,819	45,260	40,753	38,759	41,911	39,978	38,030	37,366	50,305	36,998	36,002	36,511	39,424	45,044	41,577	34,577	34,230	43,074	33,835	34,816	34,185	38,582	35,331	35,641	34,032	37,607	48,737	37,239	39,632	40,670	38,733	38,450	37,969	39,594	37,034
Interest expense, net
15,172	15,160	15,238	14,602	15,393	15,576	15,430	15,481	15,199	15,483	15,353	15,780	15,363	15,372	15,358	15,383	15,366	16,497	15,434	15,677	15,646	21,742	24,984	24,942	24,969	25,034	24,979	24,956	25,295	25,571	28,896	29,650	30,221	31,364	32,170	32,867	36,306	42,814	43,668
Amortization of intangible assets
2,826	2,928	2,925	2,925	2,924	2,592	2,505	2,506	2,502	2,502	2,507	2,500	2,500	2,501	2,500	2,500	2,480	2,500	2,500	2,500	2,500	2,851	3,071	3,070	3,071	3,070	3,072	3,069	3,071	3,071	3,072	3,075	3,075	3,075	3,075	3,075	3,075	3,077	3,076
Closure and impairment (credit) charges
-12	860	157	289	194	1,981	217	-2,702	2,604	194	888	2,701	217	1,168	206	3,291	435	346	-72	475	1,827	2,692	192	637	200	1,030	-392	324	838	2,954	420	122	722	2,918	193	21,816	4,938	1,143	1,871
Loss on extinguishment of debt
-	-	0	-8,276	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-64,846	-1	-6	-6	-22	0	-16	-20	-637	-2,306	0	-2,611	-3,274	0	-939	-6,946	0	1,055
Debt refinancing costs
-	-	0	-	-	-	-2,532	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	1,296	0	0	0	0	8,176	-21	-10	-4,114	0	-
(Gain) loss on disposition of assets
233	1,519	-746	-332	-109	-910	58	50	1,427	-138	35	6,243	109	-130	-113	48	-614	-1,393	2,351	-66	9	263	205	130	-927	-103	72	-64	318	12,955	73,650	-741	16,733	21,966	-1,176	-1,291	23,754	-745	-431
Impairment of goodwill and intangible assets
-	-	-	-	-	-	-	-	-	-	531,634	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income before income tax provision
29,100	36,600	31,700	29,100	41,100	32,100	31,200	24,600	22,700	11,091	-506,300	40,900	26,009	39,503	37,505	39,738	41,105	39,448	39,597	43,512	46,092	-43,001	29,751	31,132	33,714	23,346	30,125	26,956	30,190	31,853	86,596	27,427	49,047	36,759	25,227	1,837	41,175	20,200	22,373
Income Tax Expense (Benefit)
6,738	9,119	7,815	7,677	9,489	5,119	7,660	11,883	5,638	-58,868	-55,939	18,793	10,414	15,146	13,232	12,909	15,562	14,091	15,340	16,615	17,680	-20,576	10,864	11,965	12,890	5,215	11,395	10,019	11,951	13,034	26,023	10,489	17,703	8,139	8,702	1,489	11,476	5,869	8,332
Net income
22,328	27,396	23,917	21,390	31,643	26,981	23,587	12,713	17,073	69,900	-450,352	22,107	15,595	24,357	24,273	26,829	25,543	25,357	24,257	26,897	28,412	-22,425	18,887	19,167	20,824	18,131	18,730	16,937	18,239	18,819	60,573	16,938	31,344	28,620	16,525	348	29,699	-	-
Other comprehensive income (loss) net of tax:
Adjustment to unrealized loss on available-for-sale investments
-	-	0	0	-	0	0	0	50	0	0	0	0	-	-	-	-	-	-	-	-	-	0	107	-	-	0	0	-	0	0	0	140	0	0	0	0	-	-
Foreign currency translation adjustment
0	2	-1	2	-1	1	0	-3	-3	4	-2	0	0	0	-1	0	1	-8	-14	3	-15	-8	-9	7	-6	-7	3	-4	-4	-2	5	-3	2	18	-50	-1	21	-	-
Total comprehensive income
22,328	27,398	23,916	21,392	31,642	26,982	23,587	12,710	17,120	69,904	-450,354	22,107	15,595	24,357	24,272	26,829	25,544	25,349	24,243	26,900	28,397	-22,433	18,878	19,281	20,818	18,124	18,733	16,933	18,235	18,817	60,578	16,935	31,486	28,638	16,475	347	29,720	-	-
Net income available to common stockholders:
Net Income (Loss) Attributable to Parent
22,328	27,396	23,917	21,390	31,643	26,981	23,587	12,713	17,073	69,900	-450,352	22,107	15,595	24,357	24,273	26,829	25,543	25,357	24,257	26,897	28,412	-22,425	18,887	19,167	20,824	18,131	18,730	16,937	18,239	18,819	60,573	16,938	31,344	28,620	16,525	348	29,699	14,331	14,041
Less: Series A preferred stock dividends
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,640	5,700
Less: Net income allocated to unvested participating restricted stock
748	907	795	719	1,111	916	799	428	568	1,062	-8,469	356	283	326	338	384	382	353	316	359	372	-408	279	307	343	277	296	298	329	347	1,187	388	796	520	359	-7	1,014	307	296
Less: Accretion of Series B preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	465	688	677	668	658	647	639	629	612	603
Net income available to common stockholders - basic
21,580	26,489	23,122	20,671	30,532	26,065	22,788	12,285	16,505	68,838	-441,883	21,751	15,312	24,031	23,935	26,445	25,161	25,004	23,941	26,538	28,040	-22,017	18,608	18,860	20,481	17,854	18,434	16,639	17,910	18,007	58,698	15,873	29,880	27,442	15,519	-284	28,056	7,772	7,442
Net income available to common stockholders per share:
Basic (USD per share)
1.33	1.61	1.38	1.20	1.76	1.49	1.31	0.70	0.93	3.85	-24.91	1.23	0.87	1.35	1.33	1.46	1.38	1.36	1.29	1.41	1.49	-1.16	0.99	1.00	1.09	0.94	0.98	0.88	0.95	0.97	3.26	0.89	1.69	1.53	0.86	-0.02	1.59	0.45	0.43
Diluted (USD per share)
1.31	1.58	1.36	1.18	1.73	1.47	1.29	0.69	0.92	3.86	-24.91	1.23	0.86	1.34	1.33	1.45	1.37	1.37	1.28	1.40	1.47	-1.17	0.99	1.00	1.08	0.93	0.97	0.87	0.93	0.97	3.14	0.88	1.64	1.53	0.85	-0.02	1.53	0.44	0.42
Weighted average shares outstanding:
Basic (in shares)
16,263	16,450	16,762	17,181	17,343	17,446	17,439	17,544	17,703	17,745	17,742	17,719	17,694	17,825	17,950	18,085	18,260	18,342	18,573	18,763	18,870	18,739	18,703	18,776	18,794	18,789	18,831	18,953	18,911	18,390	18,006	17,890	17,682	-	17,968	18,072	17,697	17,227	17,226
Diluted (in shares)
16,470	16,672	17,055	17,563	17,690	17,770	17,738	17,803	17,845	17,756	17,742	17,725	17,737	17,898	18,041	18,188	18,373	18,452	18,706	18,895	19,019	18,925	18,890	18,955	19,054	19,064	19,085	19,222	19,193	19,795	18,924	18,138	18,651	17,662	18,243	18,072	18,763	17,568	17,560
Dividends declared per common share (USD per share)
-	-	-	-	-	-	-	-	0.63	-	0.97	0.97	0.97	0.97	0.92	0.92	0.92	0.92	0.87	0.87	0.87	0.87	0.75	0.75	0.75	0.75	0.75	0.75	0.75	0.00	0.00	0.00	0.00	-	-	-	-	-	-
Dividends paid per common share (USD per share)
-	-	-	-	-	-	-	-	0.97	-	0.97	0.97	0.97	0.92	0.92	0.92	0.92	0.87	0.87	0.87	0.87	0.00	0.75	0.75	0.75	0.75	0.75	0.75	0.75	0.00	0.00	0.00	0.00	-	-	-	-	-	-
Franchise revenues
Revenue from Contract with Customer, Excluding Assessed Tax
145,037	163,392	156,200	162,668	168,926	174,602	162,078	151,941	155,313	144,050	142,579	153,064	154,725	257,937	123,259	126,989	129,786	134,832	128,188	137,768	141,818	131,006	129,334	126,444	131,795	122,967	127,137	124,153	128,329	124,779	182,246	196,261	209,294	628,741	97,679	98,551	104,552	92,157	93,327
Royalties, franchise fees and other
Revenue from Contract with Customer, Excluding Assessed Tax
83,314	92,259	88,686	90,930	96,296	99,865	91,062	93,236	91,477	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Advertising revenue
Revenue from Contract with Customer, Excluding Assessed Tax
61,723	71,118	67,514	71,738	72,630	74,743	71,016	58,705	63,836	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Company restaurant sales
Revenue from Contract with Customer, Excluding Assessed Tax
31,300	31,180	30,548	33,751	35,735	7,100	0	0	0	0	0	3,378	4,140	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	131,618	134,634	154,703	206,907	210,694
Financing revenues
Revenue from Contract with Customer, Excluding Assessed Tax
1,538	1,832	1,687	1,783	1,810	1,870	1,894	2,206	2,009	2,072	2,061	2,088	2,131	2,172	2,251	2,439	2,329	2,573	3,028	2,649	2,594	2,698	2,758	3,368	4,653	2,889	3,156	3,230	3,837	3,095	3,152	3,959	4,283	3,436	4,021	3,529	8,729	4,241	3,928
Advertising fees
Revenue from Contract with Customer, Excluding Assessed Tax
61,723	71,133	67,514	71,738	72,630	74,737	71,016	58,705	63,836	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Franchise expenses
61,723	69,899	67,514	71,738	72,630	76,033	71,016	58,705	63,836	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Bad debt expense (credit)
Franchise expenses
518	-	-	-	-467	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other franchise expenses
Franchise expenses
7,209	8,601	7,063	7,169	8,140	11,429	7,325	24,239	18,036	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-