Summary - Funding Rounds

Founding Date

1981

Del Frisco's Restaurant Group Revenue Breakdown

Embed Graph

Del Frisco's Restaurant Group revenue breakdown by business segment: 48.4% from Double Eagle, 9.0% from Barcelona, 10.6% from bartaco and 32.0% from Grille

Del Frisco's Restaurant Group Income Statement

Annual

USDFY, 2018

Revenue

378.2m

Cost of goods sold

106.0m

Gross profit

272.2m

Gross profit Margin, %

72%

Sales and marketing expense

8.3m

General and administrative expense

39.7m

Operating expense total

294.8m

Depreciation and amortization

21.7m

EBIT

(22.5m)

EBIT margin, %

(6%)

Interest expense

32.2m

Pre tax profit

(55.5m)

Income tax expense

(5.7m)

Net Income

(76.3m)

EPS

(3.0)

Quarterly

USDQ1, 2019Q2, 2019

Revenue

120.4m131.7m

Cost of goods sold

33.3m35.9m

Gross profit

87.1m95.8m

Gross profit Margin, %

72%73%

Sales and marketing expense

2.3m2.3m

General and administrative expense

16.4m17.1m

Operating expense total

98.9m96.4m

Depreciation and amortization

7.7m8.1m

EBIT

(11.8m)(608.0k)

EBIT margin, %

(10%)0%

Interest expense

7.7m8.4m

Pre tax profit

(19.5m)(9.0m)

Income tax expense

(1.2m)(2.7m)

Net Income

(18.3m)(6.4m)

EPS

(0.5)(0.2)

Del Frisco's Restaurant Group Balance Sheet

Annual

USDFY, 2018

Cash

8.5m

Prepaid Expenses

8.3m

Inventories

22.5m

Current Assets

58.0m

PP&E

287.8m

Goodwill

156.1m

Total Assets

726.0m

Accounts Payable

43.5m

Short-term debt

4.8m

Current Liabilities

89.7m

Long-term debt

332.6m

Total Debt

337.4m

Total Liabilities

512.5m

Common Stock

37.0k

Additional Paid-in Capital

248.6m

Retained Earnings

33.4m

Total Equity

213.6m

Debt to Equity Ratio

1.6 x

Debt to Assets Ratio

0.5 x

Financial Leverage

3.4 x

Quarterly

USDQ1, 2019Q2, 2019

Cash

4.7m10.7m

Prepaid Expenses

3.8m3.6m

Inventories

22.6m23.1m

Current Assets

45.0m48.6m

PP&E

291.1m296.3m

Goodwill

156.1m159.3m

Total Assets

870.8m896.6m

Accounts Payable

35.0m38.4m

Short-term debt

33.1m31.4m

Current Liabilities

104.8m105.6m

Long-term debt

527.9m556.2m

Total Debt

561.0m587.6m

Total Liabilities

666.5m697.7m

Common Stock

37.0k37.0k

Additional Paid-in Capital

249.7m250.6m

Retained Earnings

23.8m17.4m

Total Equity

204.3m198.9m

Debt to Equity Ratio

2.7 x3 x

Debt to Assets Ratio

0.6 x0.7 x

Financial Leverage

4.3 x4.5 x

Del Frisco's Restaurant Group Cash Flow

Annual

USDFY, 2018

Net Income

(76.3m)

Depreciation and Amortization

24.7m

Inventories

(4.6m)

Accounts Payable

19.4m

Cash From Operating Activities

11.2m

Purchases of PP&E

(85.8m)

Cash From Investing Activities

(382.5m)

Short-term Borrowings

(176.9m)

Long-term Borrowings

(138.0k)

Cash From Financing Activities

375.3m

Net Change in Cash

4.0m

Interest Paid

11.0m

Income Taxes Paid

1.2m

Quarterly

USDQ1, 2019Q2, 2019

Net Income

(18.3m)(24.7m)

Depreciation and Amortization

9.2m18.8m

Inventories

(152.0k)(594.0k)

Accounts Payable

(4.5m)(2.2m)

Cash From Operating Activities

(3.4m)1.2m

Purchases of PP&E

(15.3m)(27.9m)

Cash From Investing Activities

(15.3m)(27.7m)

Short-term Borrowings

(32.1m)(43.2m)

Long-term Borrowings

(291.0k)(625.0k)

Cash From Financing Activities

14.8m28.6m

Net Change in Cash

(3.9m)2.1m

Interest Paid

6.7m14.8m

Income Taxes Paid

2.7m2.1m

Del Frisco's Restaurant Group Ratios

USDFY, 2018

Revenue/Employee

57.3k

Debt/Equity

1.6 x

Debt/Assets

0.5 x

Financial Leverage

3.4 x

Del Frisco's Restaurant Group Operating Metrics

FY, 2018Q1, 2019Q2, 2019

Restaurants

73

Average check (Del Frisco’s Double Eagle Steak House)

$123

Average check (Del Frisco’s Grille)

$51

Average Check (Barcelona Wine Bar)

$34

Restaurant Operating Weeks

2.82 k982 1.01 k

Restaurant Operating Weeks (Del Frisco's)

717 209 208

Average Check (bartaco)

$23

Restaurant Operating Weeks (Barcelona)

416 217 211

Restaurant Operating Weeks (bartaco)

459 244 270

Restaurant Operating Weeks (Grille)

1.23 k312 312

Average Weekly Volume

$134 $123 $130

Average Weekly Volume (Del Frisco's)

$255 $239 $238

Average Weekly Volume (Barcelona)

$82 $80 $95

Average Weekly Volume (bartaco)

$88 $85 $105

Average Weekly Volume (Grille)

$98 $104 $106