← NOODLES & Co
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net loss | — | ($71.7m) | ($37.5m) | ($8.4m) | ($23.3m) | $3.7m | — | ($3.3m) | ($9.9m) | ($42.6m) | — | |
| Net Income (Loss) Attributable to Parent | ($71.7m) |
($37.5m)
+47.71%
|
— | $1.6m |
($23.3m)
-1512.20%
|
$3.7m
+115.76%
|
($3.3m)
-190.42%
|
— | ($36.2m) |
($42.6m)
-17.55%
|
— | |
| Net Income (Loss) Available to Common Stockholders, Basic | — | ($45.4m) | — | $1.6m | — | — | — | — | — | — | — | |
| Depreciation, Depletion and Amortization | $28.1m | $24.6m | $24.6m | $22.1m | $21.7m | $22.3m | $23.3m | $23.3m | $29.1m | $27.0m | $24.7m | |
| Amortization of Debt Issuance Costs | $140k | $465k | $465k | $474k | $371k | $444k | $723k | $723k | $606k | $878k | — | |
| Depreciation | — | $24.5m | $24.6m | $22.0m | $21.6m | $22.3m | $23.2m | $23.3m | $29.0m | $27.0m | $26.7m | |
| Deferred Income Tax Expense (Benefit) | $1.1m | ($228k) | — | $68k | $40k | $29k | ($40k) | — | $21k | $40k | $23k | |
| Deferred income taxes, net | — | $1.1m | ($228k) | ($283k) | $40k | $29k | — | ($40k) | $26k | $40k | $23k | |
| Share-based Payment Arrangement, Noncash Expense | $2.3m | $1.5m | — | $2.4m | $2.5m | $4.1m | $4.3m | — | $3.6m | $3.0m | $3.4m | |
| Stock-based compensation | — | $2.3m | $1.5m | $3.0m | $2.5m | $4.1m | — | $4.3m | $4.2m | $3.0m | $3.4m | |
| Stock plan transactions and tax withholding on share-based compensation awards | — | — | $83k | ($252k) | ($174k) | $101k | — | ($356k) | ($649k) | ($157k) | — | |
| Goodwill, Impairment Loss | — | $0 | — | $0 | $0 | $0 | $0 | — | $0 | $0 | $14.7m | |
| Impairment of Intangible Assets, Finite-lived | $0 | $0 | — | $0 | — | — | — | — | — | — | — | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | — | — | — | — | $0 | $0 | $0 | — | $0 | $0 | — | |
| Operating Lease, Impairment Loss | — | — | — | — | $500k | $100k | $200k | — | $1.7m | $5.0m | — | |
| Restaurant impairments, closure costs and asset disposals | — | $45.5m | $30.9m | $7.0m | $4.8m | $3.5m | — | $2.3m | $4.0m | $22.2m | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | — | — | — | — | — | $491k | $2.6m | — | ($1.1m) | $171k | ($1.0m) | |
| Accounts receivable | — | ($443k) | $3.0m | $91k | ($392k) | ($491k) | — | ($2.6m) | $1.2m | ($171k) | ($1.0m) | |
| Increase (Decrease) in Inventories | $790k | $387k | — | $625k | ($61k) | $382k | $743k | — | $702k | $613k | $73k | |
| Inventories | — | ($790k) | ($387k) | ($541k) | $61k | ($382k) | — | ($743k) | ($303k) | ($613k) | $73k | |
| Increase (Decrease) in Accounts Payable | ($2.4m) | ($1.3m) | — | $406k | ($1.3m) | $4.7m | ($563k) | — | ($1.9m) | $3.9m | ($1.6m) | |
| Accounts payable | — | ($2.4m) | ($1.3m) | ($1.6m) | ($1.3m) | $4.7m | — | ($563k) | $2.2m | $3.9m | ($1.6m) | |
| Accrued capital expenditures | $43.3m | $20.8m | — | $17.4m | $11.8m | $18.8m | $33.9m | — | $28.8m | $12.4m | — | |
| Accrued expenses and other liabilities | — | $17.3m | ($19.1m) | ($16.3m) | $1.9m | $951k | — | ($9.5m) | $758k | ($3.5m) | — | |
| Prepaid expenses and other assets | — | $162k | $332k | $185k | ($14k) | ($492k) | — | $1.2m | ($520k) | $1.2m | — | |
| Net Cash Provided by (Used in) Operating Activities | $24.7m |
$4.1m
-83.42%
|
$4.1m
0.00%
|
$30.1m
+632.81%
|
$9.1m
-69.65%
|
$36.2m
+296.37%
|
$9.6m
-73.57%
|
$9.6m
0.00%
|
$7.6m
-20.89%
|
$7.3m
-3.66%
|
$13.4m
+84.29%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $43.3m | $20.8m | ($20.8m) | $17.4m | $11.8m | $18.8m | $33.9m | ($33.9m) | $28.8m | $12.4m | ($9.7m) | |
| Gain (Loss) on Disposition of Property Plant Equipment | ($3.4m) | ($1.2m) | — | ($1.6m) | ($1.9m) | ($1.1m) | ($3.5m) | — | ($4.5m) | ($4.3m) | $746k | |
| Gain on insurance proceeds received for property damage | — | ($494k) | $0 | ($370k) | ($200k) | ($406k) | — | $0 | ($205k) | $0 | — | |
| Insurance proceeds received for property damage | — | $578k | $0 | $500k | $837k | $406k | — | $0 | $243k | $0 | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | $1.4m | $0 | $0 | — | — | — | — | — | |
| Net Cash Provided by (Used in) Investing Activities | ($42.8m) | ($20.8m) | ($20.8m) | ($18.4m) | ($10.9m) | ($18.4m) | ($32.3m) | ($32.3m) | ($26.7m) | ($12.4m) | ($9.7m) | |
| Cash flows from financing activities: | ||||||||||||
| Gain (Loss) on Extinguishment of Debt | — | — | — | ($746k) | $0 | $0 | — | — | — | — | — | |
| Repayments of Long-term Debt | — | — | — | $5.9m | $54.3m | $21.6m | $32.9m | — | $0 | — | ($8.4m) | |
| Proceeds from Issuance of Long-term Debt | $19.8m | $10.5m | — | $1.9m | $55.5m | $0 | $53.5m | — | $19.0m | $13.3m | $4.0m | |
| Net (payments) borrowings from swing line loan | — | ($1.6m) | ($96k) | ($101k) | — | $0 | — | $4.8m | ($9k) | ($6.2m) | — | |
| Proceeds from borrowings on long-term debt | — | $19.8m | $10.5m | $74.9m | $55.5m | $0 | — | $53.5m | $34.5m | $13.3m | — | |
| Debt issuance costs | — | ($347k) | ($938k) | ($1.7m) | ($731k) | $0 | — | ($1.1m) | ($690k) | $0 | — | |
| Payments for Repurchase of Common Stock | — | — | — | — | — | — | — | — | $0 | $0 | — | |
| Proceeds from Issuance of Common Stock | — | $29.1m | — | $0 | $0 | — | — | — | — | — | — | |
| Repurchase of common stock | — | — | — | — | — | $0 | — | $0 | ($5.0m) | $0 | — | |
| Proceeds from (Payments for) Other Financing Activities | $0 | $0 | — | — | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Financing Activities | $17.9m |
$18.3m
+2.02%
|
$18.3m
0.00%
|
($5.8m)
-131.85%
|
($798k)
+86.28%
|
($23.4m)
-2829.82%
|
$22.0m
+194.18%
|
$22.0m
0.00%
|
$17.3m
-21.49%
|
$5.2m
-69.77%
|
($4.7m)
-190.42%
|
|
| Net increase (decrease) in cash and cash equivalents | — | ($75k) | $1.5m | $1.3m | ($2.6m) | ($5.6m) | — | ($732k) | $1.5m | $116k | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | $5.8m | ($2.6m) | ($5.6m) | ($732k) | — | ($1.9m) | $116k | $1.3m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $10.5m | $7.8m | $2.3m | $1.5m | — | $1.1m | $1.3m | $1.3m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Proceeds from Stock Options Exercised | $1.1m | $83k | — | — | — | — | — | — | — | — | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $2.4m | $3.5m | — | $2.8m | $2.5m | $1.4m | $1.5m | — | $7.5m | $9.3m | — | |
| Income Taxes Paid, Net | — | ($158k) | — | ($98k) | ($66k) | $106k | $123k | — | $25k | $7k | — | |
| Additional Financial Items | ||||||||||||
| Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal | — | — | — | — | — | — | ($300k) | — | $500k | — | — | |
| Gain (Loss) on Disposition of Assets | ($47.3m) | ($37.4m) | — | ($7.7m) | — | — | — | — | — | — | — | |
| Gain (Loss) on Termination of Lease | — | — | — | — | $600k | $200k | ($100k) | — | $600k | $600k | — | |
| General and Administrative Expense | $55.7m | $39.7m | — | $43.4m | $42.9m | $47.5m | $49.9m | — | $50.8m | $49.1m | — | |
| Goodwill | $6.4m | $6.4m | — | $7.2m | $7.2m | $7.2m | $7.2m | — | $7.2m | $7.2m | $14.7m | |
| Income Tax Expense (Benefit) | $1.2m | ($207k) | — | $104k | $84k | $70k | $37k | — | $54k | $64k | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $8.4m | $10.9m | — | |
| Operating Lease, Expense | — | — | — | — | $39.9m | $39.1m | $38.5m | — | $39.4m | $36.9m | — | |
| Operating lease assets and liabilities | — | — | $0 | ($2.2m) | $2.8m | ($1.8m) | — | ($5.4m) | ($1.0m) | ($4.1m) | — | |
| Income taxes | — | $564k | $180k | ($109k) | $59k | ($64k) | — | ($68k) | ($161k) | $17k | — | |
| Proceeds from restaurant refranchising | — | — | — | — | $0 | $0 | — | $1.6m | $0 | $0 | — | |
| Payment of finance leases | — | — | $0 | ($690k) | ($1.1m) | ($1.9m) | — | ($2.0m) | ($2.4m) | ($1.8m) | — | |
| Beginning of year | — | $1.9m | $1.8m | $3.4m | $7.8m | $2.3m | — | $1.5m | $3.0m | $1.3m | — |