DEL TACO RESTAURANTS, INC. TACO Income Statement

Del taco restaurants, inc. (TACO)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Jan'19	Sep'18	Aug'18	Jun'18	Jun'18	Mar'18	Mar'18	Jan'18	Aug'17	Jun'17	Mar'17	Aug'16	May'16	Mar'16	Dec'15	Aug'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13
Revenue:
Company restaurant sales
-	-	-	-	-	-	-	-	0	-	0	-	-	-	0	0	417,705	396,406	300,489	206,939	78,874	0	0	0	0	0	0	0	0
Franchise revenue
-	-	-	-	-	-	-	-	0	-	0	-	-	-	0	0	15,225	14,233	0	0	0	-	-	-	-	-	-	-	-
Franchise advertising contributions
-	-	-	-	-	-	-	-	0	-	0	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Franchise sublease income
-	-	-	-	-	-	-	-	0	-	0	-	-	-	0	0	2,333	2,240	0	0	0	-	-	-	-	-	-	-	-
Total revenue
508,564	512,951	513,148	510,780	507,133	505,490	0	494,739	0	487,897	0	478,665	471,456	0	0	0	435,263	412,879	0	0	0	-	-	-	-	-	-	-	-
Operating expenses:
Restaurant operating expenses:
Cost, Direct Material
-	-	0	0	-	-	0	-	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Food and paper costs
-	-	-	-	-	-	-	-	0	-	0	-	-	-	0	0	116,757	111,750	0	0	0	-	-	-	-	-	-	-	-
Labor and related expenses
155,131	156,095	154,955	153,952	153,036	151,954	0	150,512	0	148,846	0	146,609	145,012	0	0	0	128,717	121,481	0	0	0	-	-	-	-	-	-	-	-
Occupancy and other operating expenses
105,351	105,376	103,810	101,268	100,192	97,745	0	96,038	0	95,802	0	94,093	92,825	0	0	0	86,727	82,840	65,388	46,041	0	0	0	-	-	0	0	-	-
General and administrative
43,278	43,877	45,152	44,337	43,809	43,773	0	41,333	0	40,544	0	39,278	38,154	0	0	0	36,749	34,007	26,462	18,313	6,851	1,249	794	861	747	541	0	0	0
Franchise advertising expenses
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Franchise advertising expenses
-	-	0	0	-	-	0	0	-	0	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Franchise advertising expenses
-	-	-	-	-	-	-	-	0	-	0	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
25,718	25,488	25,839	25,753	25,787	25,794	0	25,075	0	24,742	0	24,173	23,362	0	0	0	23,304	22,294	0	0	0	-	-	-	-	-	-	-	-
Occupancy and other - franchise subleases and other
5,204	4,463	3,974	3,725	3,383	3,167	0	2,922	0	2,814	0	2,765	2,608	0	0	0	2,237	2,153	0	0	0	-	-	-	-	-	-	-	-
Pre-opening costs
1,783	1,650	1,420	1,214	1,258	1,600	0	1,960	2,055	2,055	2,007	2,007	1,591	0	0	0	581	528	0	0	0	-	-	-	-	-	-	-	-
Impairment of goodwill
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of trademarks
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of long-lived assets
15,300	7,000	7,301	5,894	3,861	3,861	0	1,661	0	1,661	-	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restaurant closure charges, net
2,815	2,961	1,477	1,561	1,047	394	0	827	0	139	0	169	191	0	0	0	1,875	2,027	0	0	0	-	-	-	-	-	-	-	-
Loss on disposal of assets and adjustments to assets held for sale, net
-9,280	-9,448	-9,042	-1,716	-1,209	-1,012	0	-1,311	0	-964	0	-1,217	-1,075	0	0	0	-193	-140	0	0	0	-	-	-	-	-	-	-	-
Total operating expenses
726,217	619,994	497,726	482,713	475,779	471,457	0	458,577	0	451,397	0	439,693	430,209	0	0	0	397,106	377,186	0	0	0	-	-	-	-	-	-	-	-
(Loss) income from operations
-217,653	-107,043	15,422	28,067	31,354	34,033	0	36,162	0	36,500	0	38,972	41,247	0	0	0	38,157	35,693	23,243	15,584	4,048	-4,636	-2,106	-1,397	-747	-541	0	0	0
Other expense (income), net
Interest expense
6,959	7,235	8,260	8,659	8,949	9,075	0	8,386	0	7,952	0	7,567	7,200	0	0	0	6,216	6,529	0	0	0	-	-	-	-	-	-	-	-
Other income
0	-	0	0	0	-	0	0	-	0	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transaction-related costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-
Transaction-related costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-
Debt modification costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-
Transaction reimbursement income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-
Interest income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	29	57	62	86	75	0	0	0
State franchise taxes, other than income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	176	180	180	156	111	0	0	0
Total other expense, net
-6,699	-6,871	-7,922	-7,798	-8,185	-8,415	0	-7,863	0	-7,952	0	-7,567	-7,200	0	0	0	-7,671	-19,550	-18,056	-16,020	-13,357	389	413	-118	-69	-35	0	0	0
(Loss) income from operations before (benefit) provision for income taxes
-224,352	-113,914	7,500	20,269	23,169	25,618	0	28,299	0	28,548	0	31,405	34,047	0	0	0	30,486	16,143	0	0	0	-	-	-	-	-	-	-	-
Loss before income tax expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4,247	-1,693	-1,515	-817	-576	0	0	0
(Benefit) provision for income taxes
-2,229	4,371	6,078	5,260	6,060	6,659	0	-20,198	0	-19,176	0	-17,457	-15,824	0	0	0	12,773	5,565	2,259	123	-3,121	10	14	8	22	22	0	0	0
Net (loss) income
-222,178	-118,285	1,494	15,037	17,155	18,959	0	48,515	0	47,742	0	48,862	49,871	0	0	0	17,713	10,578	2,927	-559	-6,187	-4,258	-1,707	-1,524	-839	-598	0	0	0
Other comprehensive income (loss):
Change in fair value of interest rate cap, net of tax
-225	-364	-535	-437	-191	122	0	421	0	363	0	100	-162	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-
Reclassification of interest rate cap amortization included in net income, net of tax
156	132	92	75	59	44	0	35	0	20	0	10	4	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Total other comprehensive income (loss), net
-69	-232	-443	-362	-132	166	0	456	0	383	0	110	-158	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-
Comprehensive (loss) income
-222,247	-118,517	1,051	14,675	17,023	19,125	0	48,971	0	48,125	0	48,972	49,713	0	0	0	17,591	10,578	0	0	0	-	-	-	-	-	-	-	-
(Loss) earnings per share:
Basic (in dollars per share)
-2.76	-3.09	-0.21	0.06	0.04	0.16	0.15	0.15	0.11	0.11	0.08	0.08	0.91	0.13	0.14	0.11	0.13	0.13	0.08	0.13	-0.06	-	-	-	-	-	-	-	-
Diluted (in dollars per share)
-2.76	-3.09	-0.21	0.06	0.04	0.15	0.15	0.15	0.11	0.11	0.08	0.08	0.89	0.13	0.13	0.10	0.13	0.13	0.08	0.13	-0.06	-	-	-	-	-	-	-	-
Weighted-average shares outstanding
Basic (in shares)
37,075	37,072	37,023	36,821	37,155	37,491	38,191	38,191	38,299	38,299	38,441	38,441	38,523	38,695	38,535	39,003	38,465	38,292	38,798	38,802	38,802	-	-	-	-	-	-	-	-
Diluted (in shares)
37,075	36,620	37,023	37,083	37,346	37,476	39,391	39,391	38,643	38,643	39,224	39,224	39,776	39,839	39,808	40,375	38,688	38,442	38,798	41,697	38,802	-	-	-	-	-	-	-	-
Weighted average number of common shares outstanding, excludes shares subject to possible redemption - basic and diluted (in shares)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,127	4,848	4,897	4,733	4,701	4,678	4,508	4,312
Net loss per common share, excludes shares subject to possible redemption - basic and diluted (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.54	-0.09	-0.17	-0.05	-0.05	-0.05	-0.03	0.00
Company restaurant sales
Revenue
468,421	473,991	475,867	474,367	471,987	471,193	0	-	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Franchise revenue
Revenue
19,328	19,002	18,513	18,331	17,842	17,569	0	-	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Franchise advertising contributions
Revenue
14,596	14,516	14,121	13,818	13,495	13,300	0	-	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Franchise sublease and other income
Revenue
6,219	5,442	4,647	4,264	3,809	3,428	0	-	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Food and paper costs
Cost, Direct Material
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-