Driven Brands Holdings Inc

For the period ended Mar 30, 2024. Filed May 8, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 30, 2024 · Filed May 8, 2024

DRVN$12.26+3.1%Stored close · as of Nov 9, 2026

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Contents

Consolidated Balance Sheets

CONSOLIDATED BALANCE SHEETS (Unaudited)

(in thousands, except share and per share amounts)	March 30, 2024	December 30, 2023
Assets
Current assets:
Cash and cash equivalents	$165,513	$176,522
Restricted cash	657	657
Accounts and notes receivable, net	165,992	151,259
Inventory	82,875	83,171
Prepaid and other assets	49,901	46,714
Income tax receivable	7,337	15,928
Assets held for sale	290,818	301,229
Advertising fund assets, restricted	52,711	45,627
Total current assets	815,804	821,107
Other assets	90,175	56,565
Property and equipment, net	1,425,882	1,438,496
Operating lease right-of-use assets	1,383,400	1,389,316
Deferred commissions	6,643	6,312
Intangibles, net	729,354	739,402
Goodwill	1,435,618	1,455,946
Deferred tax assets	3,453	3,660
Total assets	$5,890,329	$5,910,804
Liabilities and shareholders' equity
Current liabilities:
Accounts payable	$82,843	$67,526
Accrued expenses and other liabilities	246,522	242,171
Income tax payable	2,022	5,404
Current portion of long-term debt	33,020	32,673
Income tax receivable liability	41,437	56,001
Advertising fund liabilities	33,208	23,392
Total current liabilities	439,052	427,167
Long-term debt	2,905,033	2,910,812
Deferred tax liabilities	149,931	154,742
Operating lease liabilities	1,319,936	1,332,519
Income tax receivable liability	108,215	117,915
Deferred revenue	32,159	30,507
Long-term accrued expenses and other liabilities	29,187	30,419
Total liabilities	4,983,513	5,004,081
Commitments and contingencies (Note 12)
Preferred Stock $0.01 par value; 100,000,000 shares authorized; none issued or outstanding	—	—
Common stock, $0.01 par value, 900,000,000 shares authorized: and 164,079,581 and 163,965,231 shares outstanding; respectively	1,641	1,640
Additional paid-in capital	1,664,764	1,652,401
Accumulated deficit	(705,826)	(710,087)
Accumulated other comprehensive loss	(54,407)	(37,875)
Total shareholders’ equity attributable to Driven Brands Holdings Inc.	906,172	906,079
Non-controlling interests	644	644
Total shareholders' equity	906,816	906,723
Total liabilities and shareholders' equity	$5,890,329	$5,910,804

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.