NATHANS FAMOUS, INC.

Annual Trend FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
Net income $7.5m $2.6m $21.5m $13.4m $11.1m $13.6m $19.6m $19.6m $24.0m $20.0m
Depreciation and amortization $1.3m $1.4m $1.2m $1.2m $1.2m $1.1m $1.1m $1.1m $957k $925k
Amortization of debt issuance costs $1.2m $1.1m $691k $691k $691k $660k $508k $345k $153k $70k
Deferred income taxes $101k ($512k) $86k $352k ($147k) ($444k) $207k $165k ($235k) ($88k)
Share-based compensation expense $582k $398k $162k $116k $116k $74k $258k $733k $993k $1.1m
Payments of withholding tax on net share settlement of share-based compensation plans ($994k) ($157k) ($174k) ($8k) ($6k) ($7k) $0 ($362k) ($437k) ($459k)
Loss on debt extinguishment $8.9m $0 $1.4m $357k $169k $389k $0
Operating lease assets and liabilities $120k ($133k) ($153k) ($146k) ($157k) ($193k)
Provision for expected credit losses $53k $34k $100k $71k $101k $186k $457k $157k $275k $129k
Accounts and other receivables, net ($280k) ($1.6m) $229k ($1.0m) ($645k) ($1.9m) ($2.1m) ($74k) $392k ($5.9m)
Inventories $108k $195k ($151k) $157k ($246k) $102k ($17k) ($303k) ($379k) $330k
Prepaid expenses and other current assets $250k ($1.8m) $1.9m ($174k) ($144k) ($116k) ($454k) ($281k) $128k $64k
Other assets ($189k) $5k ($172k) $122k $15k $133k $27k $27k $28k $28k
Accounts payable, accrued expenses and other current liabilities ($673k) $7.1m ($3.4m) ($2.0m) ($287k) $1.7m $377k ($1.2m) ($1.2m) $2.2m
Deferred franchise fees ($39k) $95k ($161k) ($1.1m) ($144k) $324k ($489k) ($382k) ($220k) ($305k)
Other liabilities ($151k) $38k $35k $8k $78k ($100k) $63k $73k $117k ($210k)
Purchase of property and equipment ($1.1m) ($563k) ($447k) ($870k) ($551k) ($636k) ($626k) ($313k) ($225k) ($370k)
Proceeds from Credit Facility $150.0m $60.0m $0
Repayment of Senior Secured Notes $0 ($40.0m) ($30.0m) ($20.0m) ($60.0m) $0
Repayment of Credit Facility ($135.0m) ($20.2m) ($9.2m) ($2.4m)
Interest $13.5m $9.0m $9.9m $9.9m $9.9m $10.6m $8.1m $5.5m $5.5m $2.9m
Income taxes $4.0m $3.6m $6.3m $3.9m $5k $5.0m $7.2m $8.3m $8.5m $8.2m
Net cash provided by operating activities $10.4m $18.9m $11.2m $12.3m $11.8m $16.5m $19.8m $20.0m $25.2m $18.2m
Net cash used in investing activities ($1.1m) ($550k) $12.3m ($870k) ($551k) ($636k) ($584k) ($313k) ($225k) ($370k)
Debt issuance costs ($4.9m) ($431k) $0
Dividends paid to stockholders ($375k) ($21.1m) ($4.3m) ($5.9m) ($5.8m) ($6.2m) ($7.6m) ($8.2m) ($8.2m) ($18.4m)
Net cash used in financing activities ($2.6m) ($17.9m) ($5.4m) ($9.8m) ($7.3m) ($46.8m) ($39.5m) ($28.5m) ($18.2m) ($21.3m)
Net increase in cash and cash equivalents $6.7m $424k $18.1m $1.7m $3.9m ($31.0m) ($20.2m) ($8.8m) $6.8m ($3.4m)
Cash and cash equivalents, beginning of period $77k $81k $50.1m $29.9m $21.0m $27.8m $24.4m