$13.4 B

DRI Mkt cap, 04-Dec-2018

Darden Restaurants Revenue Breakdown

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Darden Restaurants revenue breakdown by business segment: 15.0% from Other business, 7.5% from Fine Dining, 22.6% from LongHorn Steakhouse and 54.9% from Olive Garden

Darden Restaurants Income Statement

Annual

USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

6.3b6.8b6.9b7.2b

Revenue growth, %

8%3%3%

Cost of goods sold

5.0b5.3b5.4b5.6b

Gross profit

1.3b1.4b1.5b1.6b

Gross profit Margin, %

21%21%22%22%

Sales and marketing expense

243.3m238.0m239.7m

General and administrative expense

663.5m430.2m384.9m387.7m

Operating expense total

816.1m735.6m628.7m619.0m

Depreciation and amortization

304.4m319.3m384.9m272.9m

EBIT

308.9m367.6m622.2m677.5m

EBIT margin, %

5%5%9%9%

Interest expense

134.3m192.3m172.5m40.2m

Pre tax profit

174.6m175.3m449.7m637.3m

Income tax expense

(8.6m)(21.1m)90.0m154.8m

Net Income

286.2m709.5m359.7m482.5m596.0m

Quarterly

USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q1, 2017Q3, 2017Q1, 2018Q2, 2018

Revenue

1.6b1.7b1.7b1.6b1.7b1.9b1.9b

Cost of goods sold

1.3b1.3b1.3b1.3b1.4b1.5b

Gross profit

289.3m388.6m324.9m371.7m438.5m364.7m

Gross profit Margin, %

19%22%20%22%23%19%

Sales and marketing expense

63.7m54.6m58.1m

General and administrative expense

190.4m134.2m101.9m87.7m87.2m98.0m98.9m

Operating expense total

230.1m138.6m167.9m143.6m141.1m98.0m157.0m

Depreciation and amortization

80.1m79.6m75.3m66.8m67.9m78.8m

EBIT

(88.3m)170.4m81.7m161.3m229.5m128.9m

EBIT margin, %

(6%)10%5%9%12%7%

Interest expense

33.7m23.3m57.3m9.9m9.3m15.0m15.5m

Pre tax profit

(54.6m)147.1m111.8m24.4m151.4m220.2m113.4m

Income tax expense

(23.8m)18.7m(5.7m)40.3m53.9m24.8m

Net Income

(30.8m)133.8m43.2m111.1m166.3m119.0m88.6m

Darden Restaurants Balance Sheet

Annual

USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

98.3m535.9m274.8m233.1m

Accounts Receivable

83.8m78.0m64.0m75.9m

Prepaid Expenses

72.3m69.4m76.4m80.7m

Inventories

196.8m163.9m175.4m178.9m

Current Assets

2.0b1.1b820.3m799.8m

PP&E

3.4b3.2b2.0b2.3b

Goodwill

872.5m872.4m872.3m1.2b

Total Assets

7.1b6.0b4.6b5.5b

Accounts Payable

233.1m198.8m241.9m249.5m277.0m

Short-term debt

15.0m15.0m

Current Liabilities

1.6b1.2b1.2b1.3b

Long-term debt

2.5b1.5b440.0m936.6m

Total Debt

2.5b1.5b440.0m936.6m

Total Liabilities

4.9b3.7b2.6b3.4b

Additional Paid-in Capital

1.3b1.4b1.5b1.6b

Retained Earnings

995.8m1.0b547.5m560.1m

Total Equity

2.2b2.3b2.0b2.1b

Debt to Equity Ratio

1.2 x0.6 x0.2 x0.4 x

Debt to Assets Ratio

0.4 x0.2 x0.1 x0.2 x

Financial Leverage

3.3 x2.6 x2.3 x2.6 x

Quarterly

USDQ2, 2014Q3, 2014Q1, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

127.0m116.8m

Accounts Receivable

60.8m63.3m53.8m56.3m69.8m43.6m57.6m66.7m

Prepaid Expenses

74.3m76.8m73.0m82.3m82.2m77.5m88.3m90.4m

Inventories

418.0m461.0m170.0m183.6m168.0m208.0m

Current Assets

683.4m483.0m

PP&E

3.1b2.1b2.1b2.0b2.1b2.1b2.3b2.4b

Goodwill

872.3m1.2b

Total Assets

4.5b

Accounts Payable

249.6m262.0m

Short-term debt

15.0m15.0m115.0m15.0m8.0m153.5m

Current Liabilities

1.2b1.4b

Long-term debt

1.4b439.5m439.7m440.2m440.5m440.7m

Total Debt

15.0m15.0m115.0m1.5b1.2b447.7m440.2m440.5m440.7m936.6m1.1b

Total Liabilities

2.6b2.6b2.7b

Additional Paid-in Capital

1.5b1.5b1.5b1.5b1.5b1.5b1.6b1.6b

Retained Earnings

982.0m424.4m520.0m515.0m

Total Equity

1.9b

Debt to Equity Ratio

0.2 x

Debt to Assets Ratio

0.1 x

Financial Leverage

2.4 x

Darden Restaurants Cash Flow

Annual

USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

286.2m709.5m375.0m596.0m

Depreciation and Amortization

304.4m319.3m290.2m

Accounts Receivable

(1.5m)7.8m14.0m(6.5m)

Inventories

(25.6m)64.5m(11.8m)5.0m

Accounts Payable

27.2m(20.9m)45.6m(9.0m)

Cash From Operating Activities

770.1m471.0m778.0m899.9m

Purchases of PP&E

(414.8m)(296.5m)(228.3m)(293.0m)

Cash From Investing Activities

580.8m1.8b81.7m(1.1b)

Short-term Borrowings

(2.6b)(605.0m)

Long-term Borrowings

(1.1b)(1.1b)

Dividends Paid

(288.3m)(278.9m)(268.2m)

Cash From Financing Activities

(179.2m)(1.8b)(1.1b)129.2m

Net Change in Cash

10.1m437.6m(261.1m)(41.7m)

Quarterly

USDQ2, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q1, 2019

Net Income

90.0m503.2m470.4m604.2m110.2m189.7m355.3m119.0m

Depreciation and Amortization

78.7m158.8m238.4m66.8m134.6m202.5m

Accounts Receivable

12.5m16.2m18.7m18.4m15.9m25.3m11.8m(1.7m)24.5m18.9m9.5m

Inventories

26.8m34.9m55.6m13.6m(8.3m)7.3m

Accounts Payable

(39.8m)(36.9m)(43.5m)(5.0m)(27.7m)(3.5m)(46.8m)(9.0m)

Cash From Operating Activities

44.6m(25.7m)339.4m109.6m159.0m564.0m166.1m283.9m689.4m174.8m307.9m

Purchases of PP&E

(81.7m)(167.4m)(230.1m)(64.9m)(122.2m)(172.8m)(60.1m)(135.3m)(214.0m)(95.7m)(197.7m)

Cash From Investing Activities

1.9b1.8b1.8b61.6m185.8m136.6m(263.1m)(140.7m)(351.4m)(96.7m)(240.8m)

Short-term Borrowings

(585.0m)(585.0m)(605.0m)(440.1m)

Long-term Borrowings

(949.9m)(1.1b)(1.1b)(15.0m)(270.0m)

Dividends Paid

(72.8m)(140.9m)(209.3m)(70.0m)(70.5m)(139.5m)(208.9m)(157.0m)(93.0m)

Cash From Financing Activities

(1.6b)(1.7b)(1.8b)(17.0m)(23.1m)(1.0b)(263.1m)(301.2m)(351.4m)(164.4m)(185.5m)

Net Change in Cash

315.4m59.2m337.9m154.2m321.7m(320.1m)(160.1m)(158.0m)116.6m(86.3m)(118.4m)
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Darden Restaurants Operating Metrics

Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018

Franchised Restaurants

34 38 47 48 50 52 53 52 78 78 70

Restaurants

1.50 k1.52 k1.53 k1.53 k1.53 k1.53 k1.54 k1.54 k1.54 k1.54 k1.55 k1.70 k1.70 k1.72 k
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Darden Restaurants Employee Rating

3.81476 votes
Culture & Values
3.5
Work/Life Balance
3.3
Senior Management
3.1
Salary & Benefits
3.4
Career Opportunities
3.4
Source