← Driven Brands Holdings Inc.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|
| Net income (loss) | $7.8m | ($4.2m) | $9.5m | $43.2m | ($745.0m) | ($292.5m) | $140.2m | |
| Cash and cash equivalents from continuing operations, beginning of period | $34.9m | $172.6m | $523.4m | $227.1m | $176.5m | $170.0m | $102.9m | |
| Restricted cash from continuing operations, beginning of period | $0 | $15.8m | $792k | $792k | $657k | $358k | $162k | |
| Cash, cash equivalents, and restricted cash from discontinued operations, beginning of period | — | — | — | — | $23.4m | $38.4m | $29.7m | |
| Depreciation and amortization | $24.2m | $62.1m | $112.8m | $147.2m | $175.3m | $180.1m | $134.4m | |
| Amortization of deferred financing costs and bond discounts | $3.7m | $10.9m | $7.0m | $8.4m | $10.3m | $9.8m | $9.7m | |
| Amortization of cloud computing | — | — | — | $0 | $1.9m | $8.3m | $17.7m | |
| Benefit for deferred income taxes | $3.2m | $3.9m | $9.9m | $20.6m | ($125.8m) | ($66.6m) | ($20.4m) | |
| Goodwill impairment | — | — | $0 | $0 | $851.0m | $0 | $28.3m | |
| Share-based compensation expense | — | $1.3m | $4.3m | $20.6m | $15.3m | $48.1m | $32.3m | |
| Asset impairment charges and lease terminations | — | — | $3.3m | $5.7m | $132.9m | $389.2m | $28.9m | |
| Tax obligations for share-based compensation | — | — | — | $0 | $0 | ($1.6m) | ($4.4m) | |
| Loss on extinguishment of debt | $595k | $5.5m | $45.6m | $0 | $0 | $205k | $5.4m | |
| (Gain) loss on foreign denominated transactions | $0 | ($23.2m) | $25.3m | $17.1m | ($2.0m) | $29.4m | ($23.1m) | |
| Loss (gain) on foreign currency derivatives | $0 | $10.0m | ($4.6m) | $21k | ($1.1m) | ($9.2m) | $8.3m | |
| (Gain) loss on sale and disposal of businesses, fixed assets, and sale leaseback transactions | — | ($558k) | ($11.4m) | ($34.9m) | $4.9m | $35.7m | ($28.0m) | |
| Loss on fair value of Seller Note | — | — | — | — | $0 | $0 | $17.0m | |
| Reclassification of interest rate hedge to income | — | — | $0 | ($542k) | ($2.1m) | ($2.1m) | ($6.2m) | |
| Bad debt expense | $1.7m | $7.1m | $1.9m | $5.8m | $1.9m | $6.7m | $18.7m | |
| Other, net | $0 | $1.4m | $89k | $1.6m | ($326k) | $0 | $0 | |
| Accounts and notes receivable, net | ($7.2m) | ($11.8m) | ($35.9m) | ($58.8m) | $13.6m | ($48.2m) | ($12.1m) | |
| Inventory | ($5.5m) | ($2.9m) | ($5.7m) | ($22.7m) | ($11.7m) | $2.6m | ($1.5m) | |
| Prepaid and other assets | ($2.3m) | ($5.7m) | ($30.3m) | ($30.4m) | ($6.9m) | $3.5m | ($25.0m) | |
| Advertising fund assets and liabilities, restricted | $6.5m | ($369k) | $9.4m | $12.7m | ($16.9m) | ($5.0m) | $771k | |
| Other assets | — | $3.5m | $483k | ($23.4m) | ($39.8m) | ($85.5m) | ($21.4m) | |
| Deferred commissions | ($2.0m) | ($1.9m) | ($1.9m) | $3.4m | $418k | $934k | ($578k) | |
| Deferred revenue | $2.5m | $6.3m | $6.7m | $1.9m | $1.9m | $832k | ($1.5m) | |
| Accounts payable | $13.8m | ($4.5m) | $6.9m | ($34.6m) | $7.4m | $29.4m | $604k | |
| Accrued expenses and other liabilities | ($7.6m) | $16.0m | $119.1m | $2.9m | ($52.9m) | $17.6m | $30.3m | |
| Income tax receivable | — | — | $4.5m | ($12.3m) | $53k | $10.8m | ($6.3m) | |
| Cash provided by operating activities | $41.4m | $84.0m | $283.8m | $197.2m | $235.2m | $241.4m | $330.5m | |
| Proceeds from sale leaseback transactions | $0 | $100.2m | $144.1m | $333.8m | $194.7m | $51.4m | $73.1m | |
| Proceeds from Seller Note | — | — | — | — | $0 | $0 | $113.0m | |
| Proceeds from sale or disposal of businesses and fixed assets, net of cash sold | $0 | $0 | $990k | $25.2m | $10.0m | $299.1m | $280.7m | |
| Cash provided by (used in) investing activities | ($482.4m) | ($57.3m) | ($814.9m) | ($840.3m) | ($451.4m) | $59.0m | $232.7m | |
| Repayment of principal portion of finance lease liability | $0 | ($595k) | ($2.2m) | ($3.4m) | ($5.2m) | ($3.9m) | ($5.5m) | |
| Payment of Tax Receivable Agreement | — | — | — | $0 | $0 | ($38.4m) | $0 | |
| Acquisition of non-controlling interest | — | — | — | $0 | $0 | ($644k) | $0 | |
| Share repurchases | $0 | $0 | ($43.0m) | $0 | ($50.0m) | $0 | $0 | |
| Stock option exercises | $0 | $0 | $505k | $340k | $6.1m | $0 | $0 | |
| Cash (used in) provided by financing activities | $446.5m | $118.6m | $885.5m | $343.4m | $170.7m | ($302.8m) | ($565.0m) | |
| Capital expenditures included in accrued expenses and other liabilities | $8.8m | $5.7m | $4.8m | $18.9m | $33.7m | $16.5m | $3.8m | |
| Working capital adjustments included in accrued expenses and other liabilities | — | — | — | — | $0 | $0 | $3.6m | |
| Deferred consideration included in accrued expenses and other liabilities | — | $4.7m | $16.0m | $35.0m | $3.3m | $1.6m | $977k | |
| Proceeds from sale of fixed assets included in accounts and notes receivable, net | — | — | — | — | $0 | $8.8m | $0 | |
| Interest | $51.2m | $88.8m | $75.8m | $113.2m | $156.1m | $147.7m | $120.8m | |
| Income taxes | $1.8m | $6.2m | $12.8m | $17.2m | $22.9m | $37.1m | $24.9m | |
| Capital expenditures | ($28.2m) | ($52.5m) | ($160.8m) | ($436.2m) | ($596.5m) | ($288.5m) | ($222.8m) | |
| Cash used in business acquisitions, net of cash acquired | ($454.2m) | ($105.0m) | ($800.8m) | ($763.1m) | ($59.6m) | ($3.0m) | ($11.3m) | |
| Payment of debt extinguishment and issuance costs | — | — | ($19.8m) | ($7.2m) | $0 | ($9.6m) | ($10.5m) | |
| Proceeds from the issuance of long-term debt | $575.0m | $625.0m | $950.0m | $365.0m | $0 | $274.8m | $500.0m | |
| Proceeds from revolving lines of credit and short-term debt | $59.5m | $391.3m | $526.8m | $435.0m | $378.0m | $46.0m | $282.0m | |
| Repayment of long-term debt | ($11.0m) | ($448.2m) | ($721.5m) | ($23.9m) | ($28.0m) | ($465.4m) | ($994.6m) | |
| Repayment of revolving lines of credit and short-term debt | $0 | ($432.8m) | ($544.8m) | ($435.0m) | ($130.0m) | ($104.0m) | ($332.0m) | |
| Effect of exchange rate changes on cash | ($120k) | $4.5m | $558k | ($2.3m) | $484k | ($4.1m) | $5.7m | |
| Net change in cash, cash equivalents, restricted cash, and cash included in advertising fund assets, restricted | $5.4m | $149.8m | $355.0m | ($302.0m) | ($45.1m) | ($6.5m) | $4.0m | |
| Cash included in advertising fund assets, restricted, beginning of period | $23.1m | $19.4m | $38.6m | $32.9m | $38.5m | $38.9m | $52.2m | |
| Cash, cash equivalents, restricted cash, and cash included in advertising fund assets, restricted, beginning of period | $52.7m | $58.0m | $207.8m | $562.8m | $260.8m | $215.7m | $185.0m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.