← 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | $7.5m |
$2.6m
-64.86%
|
$21.5m
+717.22%
|
$13.4m
-37.49%
|
$11.1m
-17.57%
|
$13.6m
+22.76%
|
$19.6m
+44.33%
|
$19.6m
-0.04%
|
$24.0m
+22.48%
|
$20.0m
-16.67%
|
|
| Net Income (Loss) Available to Common Stockholders, Basic | $7.5m |
$2.6m
-64.86%
|
$21.5m
+717.22%
|
$13.4m
-37.49%
|
$11.1m
-17.57%
|
$13.6m
+22.76%
|
$19.6m
+44.33%
|
$19.6m
-0.04%
|
$24.0m
+22.48%
|
$20.0m
-16.67%
|
|
| Depreciation, Depletion and Amortization | $1.3m | $1.4m | $1.2m | $1.2m | $1.2m | $1.1m | $1.1m | $1.1m | $957k | $925k | |
| Depreciation, Depletion and Amortization, Nonproduction | $1.3m | $1.4m | $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 | |
| Amortization of Intangible Assets | — | — | — | — | $113k | $113k | $174k | $174k | $173k | $174k | |
| Deferred Income Tax Expense (Benefit) | $101k | ($512k) | $86k | — | ($147k) | ($444k) | $207k | $165k | ($235k) | ($88k) | |
| Deferred income taxes | $101k | ($512k) | $86k | $352k | ($147k) | ($444k) | $207k | $165k | ($235k) | ($88k) | |
| Share-based Payment Arrangement, Noncash Expense | $582k | $398k | $162k | — | $116k | $74k | $258k | $733k | $993k | $1.1m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $994k | $157k | $174k | — | $6k | $7k | $0 | $362k | $437k | $459k | |
| Share-based Payment Arrangement, Expense | $582k | $398k | $162k | — | $116k | $74k | $258k | $733k | $993k | $1.1m | |
| 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) | |
| Goodwill and Intangible Asset Impairment | — | — | — | — | — | — | — | — | — | — | |
| Goodwill, Impairment Loss | — | — | — | — | $0 | $0 | — | — | — | — | |
| Marketable Securities, Gain (Loss), Excluding Other-than-temporary Impairment Loss | — | — | — | — | — | — | — | — | — | — | |
| Other Nonoperating Income (Expense) | $85k | $99k | $209k | — | $47k | $52k | $18k | $86k | $87k | $165k | |
| Changes in operating assets and liabilities: | |||||||||||
| Accounts Receivable, Credit Loss Expense (Reversal) | $53k | $34k | $100k | — | $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) | |
| Increase (Decrease) in Inventories | ($108k) | ($195k) | $151k | — | $246k | ($102k) | $17k | $303k | $379k | ($330k) | |
| Inventories | $108k | $195k | ($151k) | $157k | ($246k) | $102k | ($17k) | ($303k) | ($379k) | $330k | |
| 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 | |
| Accrued capital expenditures | $1.1m | $563k | $447k | — | $551k | $636k | $626k | $313k | $225k | $370k | |
| 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 | |
| Other liabilities | ($151k) | $38k | $35k | $8k | $78k | ($100k) | $63k | $73k | $117k | ($210k) | |
| Net Cash Provided by (Used in) Operating Activities | $10.4m |
$18.9m
+81.16%
|
$11.2m
-40.85%
|
$12.3m
+10.69%
|
$11.8m
-4.72%
|
$16.5m
+40.04%
|
$19.8m
+20.39%
|
$20.0m
+0.83%
|
$25.2m
+26.19%
|
$18.2m
-27.76%
|
|
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $1.1m | $563k | $447k | ($870k) | $551k | $636k | $626k | $313k | $225k | $370k | |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | — | — | — | — | — | — | ($87k) | $0 | — | — | |
| Gain (Loss) on Disposition of Property Plant Equipment | — | — | $11.2m | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Investing Activities | ($1.1m) | ($550k) | $12.3m | ($870k) | ($551k) | ($636k) | ($584k) | ($313k) | ($225k) | ($370k) | |
| Cash flows from financing activities: | |||||||||||
| Gain (Loss) on Extinguishment of Debt | — | ($8.9m) | — | — | — | ($1.4m) | ($357k) | ($169k) | ($389k) | $0 | |
| Repayments of Long-term Debt | — | $135.0m | — | — | — | — | — | — | — | $2.4m | |
| Proceeds from Issuance of Long-term Debt | — | $150.0m | — | — | — | — | — | — | — | $0 | |
| Loss on debt extinguishment | — | $8.9m | — | — | $0 | $1.4m | $357k | $169k | $389k | $0 | |
| Debt issuance costs | — | ($4.9m) | — | — | — | — | — | — | ($431k) | $0 | |
| Payments for Repurchase of Common Stock | $1.3m | — | $1.0m | — | $1.5m | $0 | $1.9m | $0 | — | — | |
| Payments of Ordinary Dividends, Common Stock | $0 | — | $4 | — | — | — | $8 | — | — | — | |
| Payments of Dividends | $0 | — | $4 | — | — | — | $8 | — | — | — | |
| Dividends Payable, Current | $0 | $0 | — | — | — | — | — | — | — | — | |
| Dividends paid to stockholders | ($0) | ($21) | ($4) | ($6) | ($6) | ($6) | ($8) | ($8) | ($8) | ($18) | |
| Net Cash Provided by (Used in) Financing Activities | ($2.6m) |
($17.9m)
-588.79%
|
($5.4m)
+69.94%
|
($9.8m)
-82.41%
|
($7.3m)
+25.90%
|
($46.8m)
-544.50%
|
($39.5m)
+15.77%
|
($28.5m)
+27.71%
|
($18.2m)
+36.05%
|
($21.3m)
-16.57%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | — | $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 | |
| Additional Supplementary Disclosures | |||||||||||
| Additional Supplementary Disclosures | |||||||||||
| Additional Supplementary Disclosures | |||||||||||
| Proceeds from Stock Options Exercised | $44k | $0 | $134k | — | $0 | — | — | — | — | — | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $13.5m | $9.0m | $9.9m | — | $9.9m | $10.6m | $8.1m | $5.5m | $5.5m | $2.9m | |
| Income Taxes Paid, Net | $4.0m | $3.6m | $6.3m | — | $5k | $5.0m | $7.2m | $8.3m | $8.5m | $8.2m | |
| Additional Financial Items | |||||||||||
| Gain (Loss) on Disposition of Assets | — | — | $11.2m | — | — | — | — | — | — | — | |
| General and Administrative Expense | $13.7m | $13.5m | $13.9m | — | $12.0m | $13.1m | $14.1m | $15.6m | $14.5m | $17.9m | |
| Goodwill | $95k | $95k | $95k | — | $95k | $95k | $95k | $95k | $95k | $95k | |
| Income Tax Expense (Benefit) | $4.3m | $1.5m | $7.9m | — | $4.2m | $4.9m | $7.2m | $7.8m | $8.7m | $8.2m | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $4.1m | $2.9m | |
| Investment Income, Interest | $104k | $166k | $840k | — | $364k | $110k | $440k | $383k | — | — | |
| Operating Costs and Expenses | $3.4m | $3.5m | $3.5m | — | $3.3m | $3.7m | $4.0m | $4.2m | $4.4m | $4.4m | |
| Operating Lease, Lease Income | — | — | — | — | $47k | $88k | $85k | $87k | $87k | $50k | |
| Provision for expected credit losses | $53k | $34k | $100k | $71k | $101k | $186k | $457k | $157k | $275k | $129k | |
| Operating lease assets and liabilities | — | — | — | — | $120k | ($133k) | ($153k) | ($146k) | ($157k) | ($193k) | |
| Deferred franchise fees | ($39k) | $95k | ($161k) | ($1.1m) | ($144k) | $324k | ($489k) | ($382k) | ($220k) | ($305k) | |
| 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) | |
| 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) | |
| 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 |