Bloomin' Brands Financials

$948.9 M

Revenue Q3, 2017

$2 B

Mkt cap, 16-Feb-2018
Gross profit (Q3, 2017)366.9 M
Gross profit margin (Q3, 2017), %39%
Net income (Q3, 2017)4 M
EBIT (Q3, 2017)3.2 M
Cash, 24-Sep-201798.7 M
EV3.1 B

Financials

Market Value

Revenue/Financials

Income Statement

Annual

USDFY, 2014FY, 2015FY, 2016

Revenue

4.4 b4.4 b4.3 b

Revenue growth, %

8%(1%)(3%)

Cost of goods sold

2.7 b2.6 b2.6 b

Gross profit

1.8 b1.8 b1.7 b

Gross profit Margin, %

40%40%40%

General and administrative expense

304.4 m287.6 m268 m

Operating expense total

1.4 b1.3 b1.4 b

Depreciation and amortization

190.9 m190.4 m193.8 m

EBIT

192 m230.9 m127.6 m

EBIT margin, %

4%5%3%

Interest expense

59.7 m56.2 m45.7 m

Pre tax profit

120 m170.9 m56.5 m

Income tax expense

24 m39.3 m10.1 m

Net Income

95.9 m131.6 m46.3 m

    Balance Sheet

    Annual

    USDFY, 2013FY, 2014FY, 2015FY, 2016

    Cash

    209.9 m165.7 m132.3 m127.2 m

    Inventories

    80.6 m80.8 m80.7 m65.2 m

    Current Assets

    484 m600.6 m418.6 m390.5 m

    PP&E

    1.6 b1.6 b1.2 b

    Goodwill

    346.3 m341.5 m300.9 m310.1 m

    Total Assets

    3.3 b3.3 b3 b2.6 b

    Accounts Payable

    164.6 m191.2 m193.1 m195.4 m

    Short-term debt

    13.5 m26 m31.9 m35.1 m

    Current Liabilities

    744.5 m840.1 m814.2 m823.4 m

    Long-term debt

    1.3 b1.3 b1.1 b

    Total Debt

    13.5 m1.3 b1.3 b1.1 b

    Total Liabilities

    2.8 b2.6 b2.4 b

    Common Stock

    1.3 m1.2 m1 m

    Additional Paid-in Capital

    1.1 b1.1 b1.1 b1.1 b

    Retained Earnings

    (565.2 m)(475 m)(518.4 m)(786.8 m)

    Total Equity

    556.4 m421.9 m195.4 m

    Debt to Equity Ratio

    2.4 x3.1 x5.6 x

    Debt to Assets Ratio

    0 x0.4 x0.4 x0.4 x

    Financial Leverage

    6 x7.2 x13.5 x

    Quarterly

    USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

    Cash

    183.7 m172.6 m155.8 m144.7 m135.6 m132.8 m135.6 m128.8 m102.1 m91.5 m98.4 m103.5 m98.7 m

    Inventories

    70.7 m66.8 m65.3 m64.7 m73.2 m72.1 m79.6 m74.4 m67.7 m66.5 m52.3 m52.6 m51 m

    Current Assets

    407.4 m431.3 m427.9 m451.5 m484.3 m446.5 m440.8 m300.7 m296.1 m250.4 m241.3 m253.2 m258.7 m

    PP&E

    1.6 b1.6 b1.6 b1.6 b1.5 b1.4 b1.2 b1.2 b1.2 b

    Goodwill

    271.2 m346.4 m353.1 m359.2 m329.8 m318.2 m306.3 m297.9 m304.6 m314.6 m316.5 m312.9 m315.3 m

    Total Assets

    3 b3.2 b3.2 b3.2 b3.2 b3.1 b3.1 b2.9 b2.8 b2.7 b2.5 b2.5 b2.5 b

    Accounts Payable

    155.4 m176.9 m188.3 m200.3 m207.1 m202.7 m197.3 m217 m203 m189.7 m197.6 m187.8 m183.4 m

    Short-term debt

    13.3 m12 m22.3 m40.8 m25.5 m25.6 m21.7 m113.4 m28.3 m39.6 m48.8 m44.5 m58.8 m

    Current Liabilities

    555.8 m657.6 m660.2 m684.8 m735.5 m702.5 m652.8 m803.1 m724.8 m674 m746.8 m724.2 m716.8 m

    Long-term debt

    1.3 b1.3 b1.4 b1.2 b1.2 b1.2 b953.6 m1.1 b1.1 b

    Total Debt

    13.3 m12 m22.3 m40.8 m1.3 b1.3 b1.4 b1.3 b1.2 b1.2 b1 b1.1 b1.2 b

    Total Liabilities

    2.6 b2.7 b2.6 b2.6 b2.7 b2.6 b2.7 b2.5 b2.5 b2.4 b2.3 b2.4 b2.4 b

    Common Stock

    1.2 m1.2 m1.2 m1.2 m1.1 m1.1 m1 m950 k912 k

    Additional Paid-in Capital

    1.1 b1.1 b1.1 b1.1 b1.1 b1.1 b1.1 b1.1 b1.1 b1.1 b1.1 b1.1 b1.1 b

    Retained Earnings

    (624.1 m)(511.9 m)(485.8 m)(497.3 m)(484.6 m)(482.7 m)(526 m)(559 m)(633.2 m)(747.5 m)(781.7 m)(891.6 m)(961.3 m)

    Total Equity

    518.8 m495.9 m417.5 m367.2 m309.3 m239.6 m219.1 m101.2 m36.6 m

    Debt to Equity Ratio

    2.5 x2.7 x3.4 x3.6 x4 x5.1 x4.6 x11.1 x32.8 x

    Debt to Assets Ratio

    0 x0 x0 x0 x0.4 x0.4 x0.5 x0.5 x0.4 x0.5 x0.4 x0.5 x0.5 x

    Financial Leverage

    6.2 x6.3 x7.4 x7.9 x9 x11.1 x11.5 x24.5 x67.5 x

    Cash Flow

    Annual

    USDFY, 2014FY, 2015FY, 2016

    Net Income

    95.9 m131.6 m46.3 m

    Depreciation and Amortization

    190.9 m190.4 m193.8 m

    Accounts Payable

    32.2 m(9.1 m)(8.2 m)

    Cash From Operating Activities

    352 m397.4 m340.6 m

    Capital Expenditures

    (237.9 m)(210.3 m)(260.6 m)

    Cash From Investing Activities

    (240.3 m)(180.6 m)309.3 m

    Short-term Borrowings

    (194 m)(458.3 m)(539.5 m)

    Long-term Borrowings

    (31.9 m)(43.1 m)(355.6 m)

    Cash From Financing Activities

    (148.7 m)(241 m)(658 m)

    Net Change in Cash

    (44.1 m)(33.4 m)(5.2 m)

    Interest Paid

    57.2 m54 m41.6 m

    Income Taxes Paid

    56.2 m31.6 m88.8 m

    Free Cash Flow

    114.1 m187.2 m80 m

    Quarterly

    USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

    Net Income

    62.1 m95.1 m112.5 m35.9 m27.8 m49 m44.9 m81.3 m85.3 m

    Depreciation and Amortization

    46.5 m93.9 m141.3 m47.7 m96.7 m145.2 m46.6 m94.7 m142.5 m

    Accounts Payable

    1.8 m(6.5 m)(16.9 m)1.8 m(6.5 m)(56.9 m)10.5 m

    Cash From Operating Activities

    96 m197.4 m247.3 m130.7 m205.4 m223.6 m136.2 m183.1 m223 m

    Capital Expenditures

    (47.7 m)(114.3 m)(166.8 m)(43.6 m)(109.3 m)(185.6 m)(58.2 m)(116.3 m)(183.8 m)

    Cash From Investing Activities

    (39.5 m)(89.3 m)(134.9 m)(18.6 m)70.1 m176.1 m(12.4 m)(24.6 m)(62.5 m)

    Short-term Borrowings

    (115 m)(152.3 m)(193.3 m)(133 m)(233 m)(377.5 m)(160.5 m)(364.5 m)(417 m)

    Long-term Borrowings

    (21.1 m)(29.4 m)(36.3 m)(10 m)(103.7 m)(221.3 m)(42.9 m)(64.4 m)(64.6 m)

    Cash From Financing Activities

    (85.8 m)(139.1 m)(134.2 m)(114.6 m)(284.5 m)(445.8 m)(154.4 m)(183.3 m)(196.2 m)

    Net Change in Cash

    (30.1 m)(33 m)(30.2 m)(3.5 m)(30.3 m)(40.9 m)(28.8 m)(23.7 m)(33.8 m)

    Interest Paid

    13.4 m25.7 m39.4 m13.1 m23 m32.7 m8.3 m17.4 m27.9 m

    Income Taxes Paid

    5.6 m10.9 m18.4 m3.6 m15.1 m51.8 m4.9 m22.7 m28.1 m

    Free Cash Flow

    48.3 m83.2 m80.5 m87.2 m96.1 m38 m78 m66.9 m39.2 m

    Ratios

    USDY, 2017

    EV/EBIT

    971.3 x

    EV/CFO

    13.9 x

    EV/FCF

    78.9 x

    Revenue/Employee

    9.8 k

    Debt/Equity

    32.8 x

    Debt/Assets

    0.5 x

    Financial Leverage

    67.5 x

    Operating Metrics

    FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017

    Owned Restaurants

    1.34 k1.31 k1.32 k1.33 k1.34 k1.33 k1.34 k1.27 k1.28 k1.24 k1.19 k1.2 k

    Franchised Restaurants

    166169169170171171166237240244296294

    Restaurants

    1.51 k1.48 k1.49 k1.5 k1.51 k1.5 k1.5 k1.51 k1.52 k1.49 k1.49 k1.49 k

    Countries

    242525252525232323232222