DEL TACO RESTAURANTS, INC. TACO Balance Sheet

Del taco restaurants, inc. (TACO)

Balance Sheet / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Jan'19	Jan'19	Aug'18	Jun'18	Mar'18	Jan'18	Dec'17	Aug'17	Jun'17	Mar'17	Dec'16	May'16	Mar'16	Dec'15	Aug'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13
Assets
Current assets:
Cash and cash equivalents
38,138	1,421	8,568	5,250	9,024	7,153	7,153	6,628	13,146	10,038	-	6,559	7,022	4,925	9,316	8,795	7,298	13,404	10,194	7,174	0	68	230	519	696	896	1,078
Accounts and other receivables, net
2,254	3,580	2,980	2,269	3,215	3,167	3,167	3,565	3,269	3,524	-	3,828	3,353	3,118	3,147	4,141	2,361	2,631	3,220	2,290	-	-	-	-	-	-	-
Inventories
3,037	3,123	2,877	2,831	2,673	2,932	2,932	2,596	2,710	2,739	-	2,712	2,642	2,585	2,630	2,718	2,427	2,526	2,806	2,758	-	-	-	-	-	-	-
Prepaid expenses and other current assets
1,852	2,289	3,457	2,960	2,487	2,371	4,935	4,793	2,667	3,216	-	6,784	4,273	3,129	2,290	4,204	3,174	2,519	3,545	4,058	-	-	-	-	-	-	-
Assets held for sale
0	8,411	14,260	0	2,747	14,794	14,794	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred tax assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,014	-	-	-	-	-	-	-
Prepaid expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	29	50	0	4	38	24	7
Income tax receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	0
Prepaid insurance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12	33	59	84	101	101	101
Total current assets
45,281	18,824	32,142	13,310	20,146	30,417	32,981	17,582	21,792	19,517	-	19,883	17,290	13,757	17,383	19,858	15,260	21,080	19,765	18,294	42	152	290	608	836	1,022	1,187
Property and equipment, net
156,553	156,921	148,903	153,498	149,549	147,590	161,429	172,094	161,883	157,643	-	156,124	146,308	135,142	138,082	138,320	119,459	113,332	114,030	110,341	-	-	-	-	-	-	-
Operating lease right-of-use assets
258,573	258,278	232,935	228,763	223,542	218,855	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Goodwill
108,979	192,739	310,989	324,120	324,120	321,531	321,531	321,531	320,638	320,638	320,638	320,638	319,778	319,778	319,778	320,025	319,056	319,100	318,300	317,174	-	-	-	-	-	-	-
Trademarks
208,400	220,300	220,300	220,300	220,300	220,300	220,300	220,300	220,300	220,300	-	220,300	220,300	220,300	220,300	220,300	220,300	220,300	220,300	220,300	-	-	-	-	-	-	-
Intangible assets, net
10,998	10,827	11,049	11,370	11,691	10,931	18,507	19,450	20,006	20,711	-	21,498	22,523	23,276	24,030	24,782	26,692	27,481	28,373	29,521	-	-	-	-	-	-	-
Other assets, net
4,600	4,568	3,918	3,994	4,158	4,208	4,208	4,562	4,498	4,325	-	3,881	3,622	3,658	3,825	3,872	3,050	2,883	2,829	4,790	-	-	-	-	-	-	-
Prepaid insurance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	8	33	59
Investments held in trust
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	150,000	150,000	150,056	150,045	150,039	150,047	150,035
Total assets
793,384	862,457	960,236	955,355	953,506	953,832	758,956	755,519	749,117	743,134	-	742,324	729,821	715,911	723,398	727,157	703,817	704,158	703,572	700,420	150,042	150,153	150,347	150,653	150,884	151,104	151,282
Liabilities and shareholders’ equity
Current liabilities:
Accounts payable
18,601	19,652	20,749	19,688	19,014	19,877	19,877	20,172	17,608	16,040	-	18,759	20,060	16,462	16,025	16,427	17,266	15,977	16,831	18,039	-	-	-	-	-	-	-
Other accrued liabilities
41,150	34,577	38,286	35,094	32,901	34,360	34,785	40,706	37,319	32,947	-	35,257	39,065	36,403	36,430	36,653	29,319	31,523	32,897	30,426	-	-	-	-	-	-	-
Current portion of finance lease obligations and other debt
212	220	363	423	481	486	1,033	1,109	1,194	1,309	-	1,415	1,497	1,546	1,575	1,588	1,667	1,684	1,725	1,665	-	-	-	-	-	-	-
Current portion of operating lease liabilities
21,107	17,848	18,800	19,861	20,146	17,303	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Franchise tax payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10	45	159	119	79	45	25
Accrued operating expenses and accounts payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,302	847	500	115	129	90	45
Notes payable-related party
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	255	-	0	-	-	-	-
Total current liabilities
81,070	72,297	78,198	75,066	72,542	72,026	55,695	61,987	56,121	50,296	-	55,431	60,622	54,411	54,030	54,668	48,252	49,184	51,453	50,130	3,568	892	660	235	209	135	71
Long-term debt, finance lease obligations and other debt, excluding current portion, net
174,356	144,581	150,601	146,587	154,573	159,624	178,664	169,174	170,324	171,472	-	170,639	161,968	160,204	173,466	173,743	167,387	167,677	167,968	174,720	-	-	-	-	-	-	-
Operating lease liabilities, excluding current portion
261,781	257,361	231,002	225,100	217,967	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
-	-	-	-	-	70,179	69,471	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
59,369	69,510	71,290	69,958	70,332	-	-	69,137	68,896	68,644	-	68,574	93,700	91,908	91,408	91,273	83,355	81,429	79,523	77,078	-	-	-	-	-	-	-
Other non-current liabilities
16,004	16,601	14,631	15,336	15,396	14,504	32,852	31,945	32,604	32,562	-	31,431	31,058	30,142	30,011	30,140	33,835	34,709	36,251	36,306	-	-	-	-	-	-	-
Deferred underwriter compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,250	5,250	5,250	5,250	5,250	-	5,250
Deferred underwriter compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,250	-
Total liabilities
592,580	560,350	545,722	532,047	530,810	529,646	336,682	332,243	327,945	322,974	-	326,075	347,348	336,665	348,915	349,824	332,829	332,999	335,195	338,234	8,818	6,142	5,910	5,485	5,459	5,385	5,321
Commitments and contingencies (Note 15)
-	-	-	-	-	-	-	0	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Common stock subject to possible redemption: 13,622,394 and 13,943,670 shares (at redemption value) as of June 16, 2015 and December 30, 2014, respectively
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	136,223	139,010	139,436	140,168	-	-	140,961
Common stock subject to possible redemption: 14,042,506 and 14,096,157 shares (at redemption value) as of June 30, 2014 and December 31, 2013, respectively
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	140,425	140,718	-
Shareholders’ equity:
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; no shares issued and outstanding
0	0	0	0	0	0	0	0	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Preferred stock
0	0	0	0	0	0	0	0	0	0	-	0	0	0	-	0	-	-	-	0	0	0	0	0	0	0	0
Common stock, $0.0001 par value; 400,000,000 shares authorized; 37,080,960 shares issued and outstanding at March 24, 2020; 37,059,202 shares issued and outstanding at December 31, 2019
4	4	4	4	4	4	4	4	4	4	-	4	4	4	4	4	4	4	4	4	0	0	0	0	0	0	0
Common stock
4	4	4	4	4	4	4	4	4	4	-	4	4	4	-	4	-	-	-	4	0	0	0	0	0	0	0
Additional paid-in capital
334,499	333,379	331,687	332,769	334,144	336,941	336,941	343,412	347,220	350,543	-	349,334	350,873	352,712	353,131	360,131	366,946	371,981	372,260	370,908	9,856	7,070	6,643	5,912	5,655	4,999	5,118
Accumulated other comprehensive loss
-7	-52	-86	-43	62	180	180	357	319	194	-	14	-99	-64	84	172	-	-	-	-	-	-	-	-	-	-	-
Accumulated deficit
-133,692	-31,224	82,909	90,578	88,486	87,061	85,149	79,503	73,629	69,419	-	66,897	31,695	26,594	21,264	17,026	4,038	-826	-3,887	-8,726	-4,857	-	-1,644	-	-	-	-
Accumulated deficit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,070	-	912	655	0	119
Total shareholders’ equity
200,804	302,107	414,514	423,308	422,696	424,186	422,274	423,276	421,172	420,160	-	416,249	382,473	379,246	374,483	377,333	370,988	371,159	368,377	362,186	5,000	5,000	5,000	5,000	5,000	5,000	5,000
Total liabilities and shareholders’ equity
793,384	862,457	960,236	955,355	953,506	953,832	758,956	755,519	749,117	743,134	-	742,324	729,821	715,911	723,398	727,157	703,817	704,158	703,572	700,420	150,042	150,153	150,347	150,653	150,884	151,104	151,282
Successor [Member]
Cash and Cash Equivalents, at Carrying Value
-	-	-	-	-	-	-	-	-	-	6,559	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts and other receivables, net
-	-	-	-	-	-	-	-	-	-	3,828	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Inventories
-	-	-	-	-	-	-	-	-	-	2,712	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Prepaid expenses and other current assets
-	-	-	-	-	-	-	-	-	-	6,784	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Assets held for sale
-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total current assets
-	-	-	-	-	-	-	-	-	-	19,883	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property, Plant and Equipment, Net
-	-	-	-	-	-	-	-	-	-	156,124	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Goodwill
-	-	-	-	-	-	-	-	-	-	320,638	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Trademarks
-	-	-	-	-	-	-	-	-	-	220,300	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Intangible Assets, Net (Excluding Goodwill)
-	-	-	-	-	-	-	-	-	-	21,498	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets, net
-	-	-	-	-	-	-	-	-	-	3,881	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total assets
-	-	-	-	-	-	-	-	-	-	742,324	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable
-	-	-	-	-	-	-	-	-	-	18,759	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other accrued liabilities
-	-	-	-	-	-	-	-	-	-	35,257	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current portion of capital lease obligations and deemed landlord financing liabilities
-	-	-	-	-	-	-	-	-	-	1,415	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total current liabilities
-	-	-	-	-	-	-	-	-	-	55,431	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term debt, capital lease obligations and deemed landlord financing liabilities, excluding current portion, net
-	-	-	-	-	-	-	-	-	-	170,639	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	68,574	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other non-current liabilities
-	-	-	-	-	-	-	-	-	-	31,431	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total liabilities
-	-	-	-	-	-	-	-	-	-	326,075	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred Stock, Value, Issued
-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common Stock, Value, Issued
-	-	-	-	-	-	-	-	-	-	4	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Additional paid-in capital
-	-	-	-	-	-	-	-	-	-	349,334	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accumulated other comprehensive income
-	-	-	-	-	-	-	-	-	-	14	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Retained earnings
-	-	-	-	-	-	-	-	-	-	66,897	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total shareholders’ equity
-	-	-	-	-	-	-	-	-	-	416,249	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total liabilities and shareholders’ equity
-	-	-	-	-	-	-	-	-	-	742,324	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-