Driven Brands Holdings Inc
For the period ended Sep 28, 2024. Filed Nov 7, 2024.
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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.
Sep 28, 2024 · Filed Nov 7, 2024
DRVN$12.26+3.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
CONSOLIDATED BALANCE SHEETS (Unaudited)
| (in thousands, except share and per share amounts) | September 28, 2024 | December 30, 2023 |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $204,181 | $176,522 |
| Restricted cash | 4,414 | 657 |
| Accounts and notes receivable, net | 171,887 | 151,259 |
| Inventory | 69,857 | 83,171 |
| Prepaid and other assets | 37,483 | 46,714 |
| Income tax receivable | 18,429 | 15,928 |
| Assets held for sale | 185,985 | 301,229 |
| Advertising fund assets, restricted | 54,939 | 45,627 |
| Total current assets | 747,175 | 821,107 |
| Other assets | 116,046 | 56,565 |
| Property and equipment, net | 1,418,352 | 1,438,496 |
| Operating lease right-of-use assets | 1,362,917 | 1,389,316 |
| Deferred commissions | 6,955 | 6,312 |
| Intangibles, net | 677,277 | 739,402 |
| Goodwill | 1,427,467 | 1,455,946 |
| Deferred tax assets | 3,627 | 3,660 |
| Total assets | $5,759,816 | $5,910,804 |
| Liabilities and shareholders' equity | ||
| Current liabilities: | ||
| Accounts payable | $78,759 | $67,526 |
| Accrued expenses and other liabilities | 254,341 | 242,171 |
| Income tax payable | 1,016 | 5,404 |
| Current portion of long-term debt | 32,872 | 32,673 |
| Income tax receivable liability | — | 56,001 |
| Advertising fund liabilities | 26,668 | 23,392 |
| Total current liabilities | 393,656 | 427,167 |
| Long-term debt | 2,732,572 | 2,910,812 |
| Deferred tax liabilities | 164,713 | 154,742 |
| Operating lease liabilities | 1,311,895 | 1,332,519 |
| Income tax receivable liability | 133,611 | 117,915 |
| Deferred revenue | 31,750 | 30,507 |
| Long-term accrued expenses and other liabilities | 28,812 | 30,419 |
| Total liabilities | 4,797,009 | 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 164,113,794 and 163,965,231 shares outstanding; respectively | 1,641 | 1,640 |
| Additional paid-in capital | 1,687,948 | 1,652,401 |
| Accumulated deficit | (690,614) | (710,087) |
| Accumulated other comprehensive loss | (36,168) | (37,875) |
| Total shareholders’ equity attributable to Driven Brands Holdings Inc. | 962,807 | 906,079 |
| Non-controlling interests | — | 644 |
| Total shareholders' equity | 962,807 | 906,723 |
| Total liabilities and shareholders' equity | $5,759,816 | $5,910,804 |
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