ONE GROUP HOSPITALITY, INC. STKS Income Statement

One group hospitality, inc. (STKS)

Income statement / TTM

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:
Owned restaurant net revenue
127,239	108,775	84,147	82,339	79,050	74,033	62,462	60,339	59,502	58,654	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Owned food, beverage and other net revenues
-	-	8,561	8,456	-	-	7,815	7,999	8,347	10,227	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total owned revenue
-	-	82,298	80,385	-	-	0	0	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total owned revenue
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Management, license and incentive fee revenue
11,385	11,906	11,996	11,763	11,815	11,568	11,034	10,825	10,901	10,779	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Owned unit net revenues
-	-	-	-	-	-	-	-	-	-	-	-	-	-	62,771	59,768	57,264	52,610	47,595	44,725	42,070	40,499	37,827	36,331	35,335	36,568	0	0	0	-	-	-	-	-	-	-	-	-	-
Management and incentive fee revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,828	7,706	7,884	7,921	8,728	8,734	8,755	8,823	7,958	8,150	7,860	7,336	0	0	0	-	-	-	-	-	-	-	-	-	-
Total revenues
138,624	120,681	94,294	92,148	88,860	85,601	81,311	79,163	78,750	79,660	78,550	79,118	76,447	72,414	70,600	67,474	65,149	60,531	56,323	53,460	50,826	49,322	45,786	44,481	43,195	43,904	93,169	82,084	71,102	60,120	0	0	0	0	0	0	0	0	0
Cost and expenses:
Owned operating expenses:
Owned operating expenses:
Owned restaurant cost of sales
33,092	28,005	21,434	21,012	19,981	18,989	16,515	15,901	15,702	15,544	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Owned restaurant operating expenses
81,665	67,883	52,495	51,491	49,034	45,695	37,944	37,076	37,085	37,076	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total owned restaurant expenses
-	-	63,805	62,379	-	-	54,459	52,977	52,787	52,620	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Owned food, beverage and other expenses
-	-	8,538	8,635	-	-	7,886	7,862	8,152	9,400	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total owned operating expenses
114,757	95,888	70,015	68,250	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total owned operating expenses
-	-	-	-	-	-	-	-	60,939	62,020	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Food and beverage costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	15,573	14,800	14,259	13,228	12,025	11,490	10,777	10,425	9,920	9,491	9,353	9,650	0	0	0	-	-	-	-	-	-	-	-	-	-
Unit operating expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	39,932	37,938	36,509	34,271	30,574	28,019	25,898	24,344	23,221	22,794	22,445	22,447	0	0	0	-	-	-	-	-	-	-	-	-	-
General and administrative (including stock-based compensation of $338 and $181 for the three months ended March 31, 2020 and 2019 respectively)
12,219	11,472	10,889	10,803	10,714	11,119	11,350	11,351	12,027	11,893	11,519	11,887	11,409	11,172	11,162	11,170	10,950	10,711	10,342	9,622	9,224	8,687	13,828	12,987	11,801	10,777	4,895	3,942	3,035	2,207	535	432	336	291	47	34	0	0	0
Settlements
-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
6,902	5,404	3,298	3,091	2,988	2,824	3,005	3,059	2,963	3,051	3,439	3,247	2,990	2,647	2,399	2,271	2,293	2,191	0	0	0	-	-	1,273	1,304	1,456	0	0	0	-	-	-	-	-	-	-	-	-	-
Transaction and integration costs
0	-	0	0	-	-	-	-	-	-	0	0	-	-	0	0	-	-	0	0	-	-	0	0	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
COVID-19 related expenses
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Lease termination expenses
0	-	0	0	-	-	0	0	-	-2,225	-1,412	-1,010	-802	-529	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Management and royalty fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	39	0	0	0	-	-	138	84	83	0	0	0	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Management and royalty fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Pre-opening expenses
-	565	580	1,029	1,637	1,365	1,639	1,284	1,335	1,595	2,798	4,740	5,563	5,994	5,347	4,946	5,091	5,265	7,140	5,822	4,718	3,890	1,786	1,309	1,055	848	0	0	0	-	-	-	-	-	-	-	-	-	-
Equity in income of investee companies
-	-	-	-	-	182	123	353	100	168	337	252	636	674	802	829	952	1,038	1,288	1,351	1,203	1,149	974	868	830	948	0	0	0	-	-	-	-	-	-	-	-	-	-
Other income, net
72	246	322	324	299	235	-34	23	87	-36	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total costs and expenses
131,318	107,890	85,719	83,926	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other (income) expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-274	-378	-41	513	1,313	2,643	2,398	1,968	2,086	768	501	649	0	0	0	-	-	-	-	-	-	-	-	-	-
Total costs and expenses
-	-	-	-	-	-	-	-	80,695	82,318	82,805	85,233	81,698	78,043	76,566	72,038	66,186	62,744	54,155	49,013	45,400	41,972	59,120	58,712	60,085	59,126	0	0	0	-	-	-	-	-	-	-	-	-	-
Net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-19,061	-22,740	-21,853	0	0	0	-	-	-	-	-	-	-	-	-	-
Less: net income attributable to noncontrolling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-216	-461	-384	0	0	0	-	-	-	-	-	-	-	-	-	-
Operating (loss) income
7,306	12,791	6,629	6,190	6,486	5,813	1,434	589	-1,945	-2,658	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-535	-432	-336	-291	-47	-34	0	0	0
Other expenses, net:
Derivative income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,324	3,463	6,855	6,141	5,977	3,847	3,288	3,854	1,793	2,784	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Interest expense, net of interest income
-2,860	-1,954	-1,008	-1,072	-1,144	-1,193	-1,265	-1,296	-1,226	-1,167	-990	-745	-624	-464	-311	-233	-133	-30	-19	-12	-51	-75	-205	-447	-632	-768	0	0	0	-	-	-	-	-	-	-	-	-	-
Loss on early debt extinguishment
-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest income - Trust
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	22	12	0	-	0	0	-	-	-
Interest expense - related party
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	1	2	3	4	0	0	0
Total other expenses, net
-3,718	-2,812	-1,445	-1,509	-1,144	-1,193	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	22	12	0	-2	-3	-4	0	0	0
(Loss) income before (benefit) provision for income taxes
3,588	9,979	5,184	4,681	5,342	4,620	169	-707	-3,171	-3,825	-5,423	-6,957	-5,874	-5,993	-5,965	-4,563	-1,037	-2,212	2,167	4,447	5,425	7,349	-13,334	-14,230	-16,889	-15,221	0	0	0	-	-	-	-	-	-	-	-	-	-
(Benefit) provision for income taxes
-11,903	-11,154	425	600	784	713	680	608	642	600	14,302	10,076	10,418	10,370	-7,264	-2,294	-8,771	-9,316	-5,615	-6,075	-28	817	1,189	805	705	518	0	0	0	-	-	-	-	-	-	-	-	-	-
Net income (loss)
-	-	-	-	-	-	-	-	-	-4,425	-19,725	-17,034	-16,293	-16,363	1,298	-2,268	7,734	7,103	7,783	10,522	5,453	6,532	-14,523	-15,035	-17,595	-15,740	0	0	0	-	-	-	-	-	-	-	-	-	-
Income from discontinued operations
-	-	-	-	-	-	-	-	-	397	-196	-199	-199	-92	-27	37	2	-2	-374	-259	-570	-1,492	-6,195	-4,025	-5,145	-6,112	0	0	0	-	-	-	-	-	-	-	-	-	-
Net (loss) income
15,491	21,133	4,759	4,081	4,558	3,907	-8	-812	-3,310	-4,028	-19,927	-17,233	-16,493	-16,455	1,276	-2,231	7,736	7,101	6,527	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less: net income attributable to noncontrolling interest
113	302	600	687	661	633	233	290	273	188	91	139	139	233	165	154	172	170	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (loss) income attributable to The ONE Group Hospitality, Inc.
15,378	20,831	4,159	3,394	3,897	3,274	-241	-1,102	-3,583	-4,216	-20,019	-17,372	-16,633	-16,688	1,110	-2,386	7,564	6,930	6,874	9,638	4,261	4,630	-15,803	-18,844	-22,279	-21,469	-4,710	-2,533	-2,202	-2,346	-513	-420	-336	-293	-50	-38	0	0	0
Currency translation loss
225	341	970	1,100	839	754	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Loss) income from continuing operations, net of taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,132	-2,423	7,561	6,933	5,830	11,258	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (loss) from discontinued operations, net of taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-27	37	2	-2	200	-198	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (loss) income attributable to The ONE Group Hospitality, Inc.
15,378	20,831	4,159	3,394	3,897	3,274	-241	-1,102	-3,583	-4,216	-20,019	-17,372	-16,633	-16,688	1,110	-2,386	7,564	6,930	6,874	9,638	4,261	4,630	-15,803	-18,844	-22,279	-21,469	-4,710	-2,533	-2,202	-2,346	-513	-420	-336	-293	-50	-38	0	0	0
Currency translation adjustment
-	-	-	-	-	-	-	-	-	-	-	-1,022	-1,158	-1,124	-78	22	-82	-189	-507	-555	-429	-280	-78	42	14	61	0	0	0	-	-	-	-	-	-	-	-	-	-
Comprehensive (loss) income
15,153	20,490	3,189	2,294	3,058	2,520	-547	-1,131	-3,614	-4,228	-20,803	-18,395	-17,791	-17,812	1,032	-2,363	7,482	6,741	6,367	9,083	3,831	4,350	-15,881	-18,802	-22,264	-21,407	0	0	0	-	-	-	-	-	-	-	-	-	-
Net (loss) income attributable to The ONE Group Hospitality, Inc. per share:
Basic net income (loss) from continuing operations per share
-	-	-	-	-	-	-	-	-	-	-0.05	-0.09	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.04	0.08	-	-	-	-	-	-	-	-	-	-	-
Basic net income from discontinued operations per share
-	-	-	-	-	-	-	-	-	-	0.00	0.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Shares used in computing basic and diluted loss per share (in shares)
-	-	-	-	-	-	-	-	-	-	-	-	-	25,049	25,022	24,989	25,250	24,973	24,972	24,955	24,940	-	-	-	-	-	-	11,631	11,631	9,025	12,500	12,500	12,500	-	-	-	-	-	-
Basic net (loss) income per share
-0.16	0.69	0.02	-0.01	0.03	0.11	-0.01	0.01	0.01	-	-0.05	-0.09	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00
Continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-0.01	-0.64	0.06	-0.06	-0.02	0.06	-0.08	0.34	-0.04	0.09	0.04	0.13	0.00	-	-	-	0.15	-	-	-	-	-	-	-	-	-	-
Discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.01	-	-0.03	0.07	-0.20	-0.13	-0.16	-	-	-	-	-	-	-	-	-	-
Attributable to The ONE Group Hospitality, Inc.
-	-	-	-	-	-	-	-	-	-	-	-	-0.02	-0.64	0.06	-0.06	-0.02	0.06	-0.08	0.34	-0.04	0.07	0.03	0.12	-0.03	-1.26	-0.20	-0.04	0.01	-0.18	-0.01	-0.01	0.00	-0.04	0.00	0.00	0.00	-	-
Diluted net income (loss) from continuing operations per share
-	-	-	-	-	-	-	-	-	-0.03	-0.05	-0.09	-0.01	-	-	-	-	-	-	-	-	-	-	-	-	-	0.04	0.08	-	-	-	-	-	-	-	-	-	-	-
Diluted net income from discontinued operations per share
-	-	-	-	-	-	-	-	-	0.02	0.00	0.00	0.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted net (loss) income per share
-0.16	0.66	0.02	-0.01	0.03	0.11	-0.01	0.01	0.01	-0.01	-0.05	-0.09	-0.02	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Shares used in computing basic (loss) earnings per share (in shares)
28,636	28,532	28,537	28,432	28,314	28,309	27,751	27,366	27,187	26,185	25,228	25,144	25,050	-	-	-	-	-	-	-	-	-	24,940	24,940	24,946	-	11,631	11,631	-	-	-	-	-	-	-	-	-	8,698	8,698
Shares used in computing diluted (loss) earnings per share (in shares)
28,636	30,899	29,901	28,432	29,311	29,690	27,751	27,659	27,388	26,185	25,228	25,144	25,050	-	-	-	-	-	-	-	-	-	24,940	24,972	-	-	11,631	11,631	-	-	-	-	-	-	-	-	-	-	-
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING, BASIC AND DILUTED
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,750	7,544	-	-	-
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING, BASIC AND DILUTED
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,698	-	-