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10-Q Filing

DRIVEN BRANDS HOLDINGS INC. CIK: 1804745 Q3 2021
Filing Information
Form Type 10-Q
Accession Number 0001628280-21-022535
Period End Date 20210930
Filing Date 20211109
Fiscal Year 2021
Fiscal Period Q3
XBRL Instance drvn-20210925_htm.xml
Balance Sheet 78 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $172.61M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $115.36M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $34.94M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $184.36M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalentsAtCarryingValue $15.83M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalentsAtCarryingValue $135.00K USD Point-in-time
Accounts and notes receivable, net AccountsNotesAndLoansReceivableNetCurrent $84.81M USD Point-in-time
Accounts and notes receivable, net AccountsNotesAndLoansReceivableNetCurrent $110.91M USD Point-in-time
Inventory InventoryNet $44.26M USD Point-in-time
Inventory InventoryNet $43.04M USD Point-in-time
Prepaid and other assets PrepaidExpenseCurrent $25.07M USD Point-in-time
Prepaid and other assets PrepaidExpenseCurrent $26.02M USD Point-in-time
Income tax receivable IncomeTaxesReceivable $2.62M USD Point-in-time
Income tax receivable IncomeTaxesReceivable $3.06M USD Point-in-time
Advertising fund assets, restricted AdvertisingFundAssetCurrent $29.28M USD Point-in-time
Advertising fund assets, restricted AdvertisingFundAssetCurrent $39.70M USD Point-in-time
Total current assets AssetsCurrent $373.68M USD Point-in-time
Total current assets AssetsCurrent $339.00M USD Point-in-time
Notes receivable, net NotesAndLoansReceivableNetNoncurrent $2.75M USD Point-in-time
Notes receivable, net NotesAndLoansReceivableNetNoncurrent $3.83M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $1.12B USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $827.39M USD Point-in-time
Operating lease right-of-use assets OperatingLeaseRightOfUseAsset $884.93M USD Point-in-time
Operating lease right-of-use assets OperatingLeaseRightOfUseAsset $905.53M USD Point-in-time
Deferred commissions CapitalizedContractCostNetNoncurrent $9.88M USD Point-in-time
Deferred commissions CapitalizedContractCostNetNoncurrent $8.66M USD Point-in-time
Intangibles, net IntangibleAssetsNetExcludingGoodwill $817.66M USD Point-in-time
Intangibles, net IntangibleAssetsNetExcludingGoodwill $829.31M USD Point-in-time
Goodwill Goodwill $1.81B USD Point-in-time
Goodwill Goodwill $1.73B USD Point-in-time
Total assets Assets $4.66B USD Point-in-time
Total assets Assets $5.01B USD Point-in-time
Accounts payable AccountsPayableCurrent $72.46M USD Point-in-time
Accounts payable AccountsPayableCurrent $67.80M USD Point-in-time
Accrued expenses and other liabilities AccountsPayableAndOtherAccruedLiabilitiesCurrent $190.87M USD Point-in-time
Accrued expenses and other liabilities AccountsPayableAndOtherAccruedLiabilitiesCurrent $217.59M USD Point-in-time
Income tax payable TaxesPayableCurrent $3.51M USD Point-in-time
Income tax payable TaxesPayableCurrent $2.79M USD Point-in-time
Current portion of long term debt LongTermDebtCurrent $22.99M USD Point-in-time
Current portion of long term debt LongTermDebtCurrent $18.34M USD Point-in-time
Advertising fund liabilities AdvertisingFundLiabilityCurrent $20.28M USD Point-in-time
Advertising fund liabilities AdvertisingFundLiabilityCurrent $25.46M USD Point-in-time
Total current liabilities LiabilitiesCurrent $336.64M USD Point-in-time
Total current liabilities LiabilitiesCurrent $305.45M USD Point-in-time
Long-term debt, net LongTermDebtNoncurrent $1.68B USD Point-in-time
Long-term debt, net LongTermDebtNoncurrent $2.10B USD Point-in-time
Deferred tax liability DeferredIncomeTaxLiabilitiesNet $249.04M USD Point-in-time
Deferred tax liability DeferredIncomeTaxLiabilitiesNet $261.91M USD Point-in-time
Operating lease liabilities OperatingLeaseLiabilityNoncurrent $818.00M USD Point-in-time
Operating lease liabilities OperatingLeaseLiabilityNoncurrent $843.92M USD Point-in-time
Income tax receivable liability IncomeTaxReceivableLiabilityNoncurrent $155.97M USD Point-in-time
Income tax receivable liability IncomeTaxReceivableLiabilityNoncurrent - USD Point-in-time
Deferred revenue ContractWithCustomerLiabilityNoncurrent $24.77M USD Point-in-time
Deferred revenue ContractWithCustomerLiabilityNoncurrent $20.76M USD Point-in-time
Long-term accrued expenses and other liabilities OtherAccruedLiabilitiesNoncurrent $30.07M USD Point-in-time
Long-term accrued expenses and other liabilities OtherAccruedLiabilitiesNoncurrent $53.32M USD Point-in-time
Total liabilities Liabilities $3.33B USD Point-in-time
Total liabilities Liabilities $3.55B USD Point-in-time
Common stock CommonStockValue $565.00K USD Point-in-time
Common stock CommonStockValue $1.67M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $1.06B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $1.60B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $80.36M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $31.98M USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $16.53M USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-12.05M USD Point-in-time
Total shareholders equity attributable to Driven Brands Holdings Inc. StockholdersEquity $1.67B USD Point-in-time
Total shareholders equity attributable to Driven Brands Holdings Inc. StockholdersEquity $1.10B USD Point-in-time
Non-controlling interests MinorityInterest $1.16M USD Point-in-time
Non-controlling interests MinorityInterest $2.12M USD Point-in-time
Total shareholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.63B USD Point-in-time
Total shareholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.11B USD Point-in-time
Total shareholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $289.88M USD Point-in-time
Total shareholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.08B USD Point-in-time
Total shareholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.67B USD Point-in-time
Total shareholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.68B USD Point-in-time
Total liabilities and shareholders' equity LiabilitiesAndStockholdersEquity $4.66B USD Point-in-time
Total liabilities and shareholders' equity LiabilitiesAndStockholdersEquity $5.01B USD Point-in-time
Income Statement 88 line items
Line Item Tag Value Unit Period
Stock split StockholdersEquityNoteStockSplitConversionRatio1 88,990.00 pure Point-in-time
Revenue RevenueFromContractWithCustomerExcludingAssessedTax $615.69M USD 3 Qtrs
Revenue RevenueFromContractWithCustomerExcludingAssessedTax $267.76M USD 1 Quarter
Revenue RevenueFromContractWithCustomerExcludingAssessedTax $1.08B USD 3 Qtrs
Revenue RevenueFromContractWithCustomerExcludingAssessedTax $371.15M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $56.59M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $71.56M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $218.55M USD 3 Qtrs
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $153.11M USD 3 Qtrs
Acquisition costs BusinessCombinationAcquisitionRelatedCosts $12.08M USD 1 Quarter
Acquisition costs BusinessCombinationAcquisitionRelatedCosts $636.00K USD 1 Quarter
Acquisition costs BusinessCombinationAcquisitionRelatedCosts $2.67M USD 3 Qtrs
Acquisition costs BusinessCombinationAcquisitionRelatedCosts $13.29M USD 3 Qtrs
Store opening costs PreOpeningCosts $1.92M USD 3 Qtrs
Store opening costs PreOpeningCosts $119.00K USD 1 Quarter
Store opening costs PreOpeningCosts $666.00K USD 1 Quarter
Store opening costs PreOpeningCosts $1.36M USD 3 Qtrs
Depreciation and amortization DepreciationAndAmortization $32.66M USD 3 Qtrs
Depreciation and amortization DepreciationAndAmortization $78.72M USD 3 Qtrs
Depreciation and amortization DepreciationAndAmortization $28.45M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $16.22M USD 1 Quarter
Asset impairment charges and lease terminations AssetImpairmentChargesAndLeaseTerminations $3.16M USD 3 Qtrs
Asset impairment charges and lease terminations AssetImpairmentChargesAndLeaseTerminations $6.73M USD 3 Qtrs
Asset impairment charges and lease terminations AssetImpairmentChargesAndLeaseTerminations $-270.00K USD 1 Quarter
Asset impairment charges and lease terminations AssetImpairmentChargesAndLeaseTerminations $321.00K USD 1 Quarter
Total operating expenses OperatingExpenses $898.31M USD 3 Qtrs
Total operating expenses OperatingExpenses $540.63M USD 3 Qtrs
Total operating expenses OperatingExpenses $229.73M USD 1 Quarter
Total operating expenses OperatingExpenses $307.42M USD 1 Quarter
Operating income OperatingIncomeLoss $63.73M USD 1 Quarter
Operating income OperatingIncomeLoss $177.09M USD 3 Qtrs
Operating income OperatingIncomeLoss $38.04M USD 1 Quarter
Operating income OperatingIncomeLoss $75.06M USD 3 Qtrs
Interest expense, net InterestExpense $17.69M USD 1 Quarter
Interest expense, net InterestExpense $64.97M USD 3 Qtrs
Interest expense, net InterestExpense $52.39M USD 3 Qtrs
Interest expense, net InterestExpense $29.59M USD 1 Quarter
Net loss (gain) on foreign currency transactions ForeignCurrencyTransactionGainLossBeforeTax $-1.07M USD 1 Quarter
Net loss (gain) on foreign currency transactions ForeignCurrencyTransactionGainLossBeforeTax $-6.36M USD 3 Qtrs
Net loss (gain) on foreign currency transactions ForeignCurrencyTransactionGainLossBeforeTax $-55.00K USD 3 Qtrs
Net loss (gain) on foreign currency transactions ForeignCurrencyTransactionGainLossBeforeTax $2.23M USD 1 Quarter
Loss on debt extinguishment GainsLossesOnExtinguishmentOfDebt $-46.00M USD Point-in-time
Loss on debt extinguishment GainsLossesOnExtinguishmentOfDebt - USD 1 Quarter
Loss on debt extinguishment GainsLossesOnExtinguishmentOfDebt $-673.00K USD 1 Quarter
Loss on debt extinguishment GainsLossesOnExtinguishmentOfDebt $-45.58M USD 3 Qtrs
Loss on debt extinguishment GainsLossesOnExtinguishmentOfDebt $-673.00K USD 3 Qtrs
Total other expenses, net NonoperatingIncomeExpense $-28.04M USD 1 Quarter
Total other expenses, net NonoperatingIncomeExpense $-18.76M USD 1 Quarter
Total other expenses, net NonoperatingIncomeExpense $-65.70M USD 3 Qtrs
Total other expenses, net NonoperatingIncomeExpense $-104.32M USD 3 Qtrs
Net income before taxes IncomeLossIncludingPortionAttributableToNoncontrollingInterest $10.00M USD 1 Quarter
Net income before taxes IncomeLossIncludingPortionAttributableToNoncontrollingInterest $44.97M USD 1 Quarter
Net income before taxes IncomeLossIncludingPortionAttributableToNoncontrollingInterest $72.77M USD 3 Qtrs
Net income before taxes IncomeLossIncludingPortionAttributableToNoncontrollingInterest $9.36M USD 3 Qtrs
Income tax expense IncomeTaxExpenseBenefit $24.45M USD 3 Qtrs
Income tax expense IncomeTaxExpenseBenefit $5.89M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $11.88M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $6.11M USD 3 Qtrs
Net income ProfitLoss $48.32M USD 3 Qtrs
Net income ProfitLoss $3.25M USD 3 Qtrs
Net income ProfitLoss $35.17M USD 1 Quarter
Net income ProfitLoss $4.11M USD 1 Quarter
Net income ProfitLoss $33.09M USD 1 Quarter
Net income ProfitLoss $-19.93M USD 1 Quarter
Net (loss) income attributable to non-controlling interests NetIncomeLossAttributableToNoncontrollingInterest $32.00K USD 1 Quarter
Net (loss) income attributable to non-controlling interests NetIncomeLossAttributableToNoncontrollingInterest $-38.00K USD 1 Quarter
Net (loss) income attributable to non-controlling interests NetIncomeLossAttributableToNoncontrollingInterest $-34.00K USD 3 Qtrs
Net (loss) income attributable to non-controlling interests NetIncomeLossAttributableToNoncontrollingInterest $-68.00K USD 3 Qtrs
Net income attributable to Driven Brands Holdings Inc. NetIncomeLoss $48.39M USD 3 Qtrs
Net income attributable to Driven Brands Holdings Inc. NetIncomeLoss $4.08M USD 1 Quarter
Net income attributable to Driven Brands Holdings Inc. NetIncomeLoss $3.29M USD 3 Qtrs
Net income attributable to Driven Brands Holdings Inc. NetIncomeLoss $33.12M USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $0.04 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $0.03 USD 3 Qtrs
Basic (in dollars per share) EarningsPerShareBasic $0.20 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $0.30 USD 3 Qtrs
Diluted (in dollars per share) EarningsPerShareDiluted $0.04 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $0.03 USD 3 Qtrs
Diluted (in dollars per share) EarningsPerShareDiluted $0.29 USD 3 Qtrs
Diluted (in dollars per share) EarningsPerShareDiluted $0.19 USD 1 Quarter
Basic (shares) WeightedAverageNumberOfSharesOutstandingBasic 160.03M shares 3 Qtrs
Basic (shares) WeightedAverageNumberOfSharesOutstandingBasic 111.95M shares 1 Quarter
Basic (shares) WeightedAverageNumberOfSharesOutstandingBasic 96.64M shares 3 Qtrs
Basic (shares) WeightedAverageNumberOfSharesOutstandingBasic 162.63M shares 1 Quarter
Diluted (shares) WeightedAverageNumberOfDilutedSharesOutstanding 111.95M shares 1 Quarter
Diluted (shares) WeightedAverageNumberOfDilutedSharesOutstanding 163.97M shares 3 Qtrs
Diluted (shares) WeightedAverageNumberOfDilutedSharesOutstanding 96.64M shares 3 Qtrs
Diluted (shares) WeightedAverageNumberOfDilutedSharesOutstanding 166.63M shares 1 Quarter
Cash Flow Statement 145 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $48.32M USD 3 Qtrs
Net income ProfitLoss $3.25M USD 3 Qtrs
Net income ProfitLoss $35.17M USD 1 Quarter
Net income ProfitLoss $4.11M USD 1 Quarter
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Net income ProfitLoss $33.09M USD 1 Quarter
Net income ProfitLoss $-19.93M USD 1 Quarter
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 900.00M shares Point-in-time
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 900.00M shares Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 127.00M shares Point-in-time
Depreciation and amortization DepreciationDepletionAndAmortization $16.22M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $32.66M USD 3 Qtrs
Common stock, shares issued (in shares) CommonStockSharesIssued 167.00M shares Point-in-time
Depreciation and amortization DepreciationDepletionAndAmortization $78.72M USD 3 Qtrs
Depreciation and amortization DepreciationDepletionAndAmortization $28.45M USD 1 Quarter
Non-cash lease cost OperatingLeaseRightOfUseAssetAmortizationExpense $26.25M USD 3 Qtrs
Non-cash lease cost OperatingLeaseRightOfUseAssetAmortizationExpense $56.56M USD 3 Qtrs
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 127.00M shares Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 167.00M shares Point-in-time
Loss on foreign denominated transactions ForeignCurrencyTransactionLossBeforeTax $55.00K USD 3 Qtrs
Loss on foreign denominated transactions ForeignCurrencyTransactionLossBeforeTax $9.30M USD 3 Qtrs
Gain on derivatives not designed as hedges DerivativeGainLossOnDerivativeNet $2.94M USD 3 Qtrs
Gain on derivatives not designed as hedges DerivativeGainLossOnDerivativeNet - USD 3 Qtrs
Bad debt expense ProvisionForDoubtfulAccounts $2.54M USD 3 Qtrs
Bad debt expense ProvisionForDoubtfulAccounts $4.83M USD 3 Qtrs
Asset impairment charges and lease terminations AssetImpairmentCharges $6.73M USD 3 Qtrs
Asset impairment charges and lease terminations AssetImpairmentCharges $3.16M USD 3 Qtrs
Amortization of deferred financing costs and bond discounts AmortizationOfFinancingCostsAndDiscounts $7.18M USD 3 Qtrs
Amortization of deferred financing costs and bond discounts AmortizationOfFinancingCostsAndDiscounts $5.14M USD 3 Qtrs
Benefit (provision) for deferred income taxes DeferredIncomeTaxesAndTaxCredits $-4.52M USD 3 Qtrs
Benefit (provision) for deferred income taxes DeferredIncomeTaxesAndTaxCredits $15.90M USD 3 Qtrs
Loss on debt extinguishment GainsLossesOnExtinguishmentOfDebt $-46.00M USD Point-in-time
Loss on debt extinguishment GainsLossesOnExtinguishmentOfDebt - USD 1 Quarter
Loss on debt extinguishment GainsLossesOnExtinguishmentOfDebt $-673.00K USD 1 Quarter
Loss on debt extinguishment GainsLossesOnExtinguishmentOfDebt $-45.58M USD 3 Qtrs
Loss on debt extinguishment GainsLossesOnExtinguishmentOfDebt $-673.00K USD 3 Qtrs
Other, net OtherNoncashIncomeExpense $-4.26M USD 3 Qtrs
Other, net OtherNoncashIncomeExpense $-1.57M USD 3 Qtrs
Accounts and notes receivable, net IncreaseDecreaseInAccountsAndNotesReceivable $28.79M USD 3 Qtrs
Accounts and notes receivable, net IncreaseDecreaseInAccountsAndNotesReceivable $12.35M USD 3 Qtrs
Inventory IncreaseDecreaseInInventories $3.28M USD 3 Qtrs
Inventory IncreaseDecreaseInInventories $1.33M USD 3 Qtrs
Prepaid and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $18.41M USD 3 Qtrs
Prepaid and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-1.75M USD 3 Qtrs
Advertising fund assets and liabilities, restricted IncreaseDecreaseInAdvertisingFundsAssetsAndLiabilitiesRestricted $-5.82M USD 3 Qtrs
Advertising fund assets and liabilities, restricted IncreaseDecreaseInAdvertisingFundsAssetsAndLiabilitiesRestricted $554.00K USD 3 Qtrs
Deferred commissions IncreaseDecreaseCapitalizedContractCostNet $-1.21M USD 3 Qtrs
Deferred commissions IncreaseDecreaseCapitalizedContractCostNet $-1.81M USD 3 Qtrs
Deferred revenue IncreaseDecreaseInContractWithCustomerLiability $3.44M USD 3 Qtrs
Deferred revenue IncreaseDecreaseInContractWithCustomerLiability $3.98M USD 3 Qtrs
Accounts payable IncreaseDecreaseInAccountsPayable $10.31M USD 3 Qtrs
Accounts payable IncreaseDecreaseInAccountsPayable $-3.90M USD 3 Qtrs
Accrued expenses and other liabilities IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities $8.93M USD 3 Qtrs
Accrued expenses and other liabilities IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities $25.59M USD 3 Qtrs
Income tax receivable IncreaseDecreaseInIncomeTaxesReceivable $-7.55M USD 3 Qtrs
Income tax receivable IncreaseDecreaseInIncomeTaxesReceivable $320.00K USD 3 Qtrs
Operating lease liabilities IncreaseDecreaseInOperatingLeaseLiability $-28.16M USD 3 Qtrs
Operating lease liabilities IncreaseDecreaseInOperatingLeaseLiability $-47.82M USD 3 Qtrs
Cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $198.19M USD 3 Qtrs
Cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $66.45M USD 3 Qtrs
Capital expenditures PaymentsToAcquireProductiveAssets $35.12M USD 3 Qtrs
Capital expenditures PaymentsToAcquireProductiveAssets $93.63M USD 3 Qtrs
Cash used in business acquisitions, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $442.49M USD 3 Qtrs
Cash used in business acquisitions, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $-8.57M USD 3 Qtrs
Proceeds from sale-leaseback transactions ProceedsFromSaleLeasebackTransactions $66.39M USD 3 Qtrs
Proceeds from sale-leaseback transactions ProceedsFromSaleLeasebackTransactions - USD 3 Qtrs
Proceeds from sale of At-Pac business ProceedsFromDivestitureOfBusinesses $1.53M USD 3 Qtrs
Proceeds from sale of At-Pac business ProceedsFromDivestitureOfBusinesses - USD 3 Qtrs
Proceeds from disposal of property and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $5.47M USD 3 Qtrs
Proceeds from disposal of property and equipment ProceedsFromSaleOfPropertyPlantAndEquipment - USD 3 Qtrs
Cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-26.55M USD 3 Qtrs
Cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-462.72M USD 3 Qtrs
Payment of contingent consideration related to acquisitions PaymentForContingentConsiderationLiabilityFinancingActivities - USD 3 Qtrs
Payment of contingent consideration related to acquisitions PaymentForContingentConsiderationLiabilityFinancingActivities $2.78M USD 3 Qtrs
Payment of debt extinguishment and issuance costs PaymentForDebtExtinguishmentAndDebtIssuanceCosts $2.15M USD 3 Qtrs
Payment of debt extinguishment and issuance costs PaymentForDebtExtinguishmentAndDebtIssuanceCosts $12.64M USD 3 Qtrs
Proceeds from the issuance of long-term debt ProceedsFromIssuanceOfLongTermDebt - USD 3 Qtrs
Proceeds from the issuance of long-term debt ProceedsFromIssuanceOfLongTermDebt $175.00M USD 3 Qtrs
Repayment of long-term debt RepaymentsOfLongTermDebt $11.62M USD 3 Qtrs
Repayment of long-term debt RepaymentsOfLongTermDebt $716.54M USD 3 Qtrs
Proceeds from revolving lines of credit and short-term debt ProceedsFromShortTermDebt $152.10M USD 3 Qtrs
Proceeds from revolving lines of credit and short-term debt ProceedsFromShortTermDebt $441.80M USD 3 Qtrs
Repayments of revolving lines of credit and short-term debt RepaymentsOfShortTermDebt $212.80M USD 3 Qtrs
Repayments of revolving lines of credit and short-term debt RepaymentsOfShortTermDebt $191.60M USD 3 Qtrs
Repayment of principal portion of finance lease liability RepaymentsOfDebtAndCapitalLeaseObligations $1.76M USD 3 Qtrs
Repayment of principal portion of finance lease liability RepaymentsOfDebtAndCapitalLeaseObligations $731.00K USD 3 Qtrs
Proceeds from failed sale-leaseback transactions ProceedsFromFailedSaleLeasebackTransactions - USD 3 Qtrs
Proceeds from failed sale-leaseback transactions ProceedsFromFailedSaleLeasebackTransactions $3.43M USD 3 Qtrs
Proceeds from initial public offering, net of underwriting discounts ProceedsFromIssuanceInitialPublicOffering - USD 3 Qtrs
Proceeds from initial public offering, net of underwriting discounts ProceedsFromIssuanceInitialPublicOffering $661.50M USD 3 Qtrs
Net proceeds from underwriters' exercise of over-allotment option ProceedsFromAdditionalPublicOffering $99.22M USD 3 Qtrs
Net proceeds from underwriters' exercise of over-allotment option ProceedsFromAdditionalPublicOffering - USD 3 Qtrs
Repurchases of common stock PaymentsForRepurchaseOfCommonStock - USD 3 Qtrs
Repurchases of common stock PaymentsForRepurchaseOfCommonStock $43.04M USD 3 Qtrs
Payment for termination of interest rate swaps PaymentsForDerivativeInstrumentFinancingActivities - USD 3 Qtrs
Payment for termination of interest rate swaps PaymentsForDerivativeInstrumentFinancingActivities $21.83M USD 3 Qtrs
Stock option exercises ProceedsFromStockOptionsExercised - USD 3 Qtrs
Stock option exercises ProceedsFromStockOptionsExercised $339.00K USD 3 Qtrs
Other, net ProceedsFromPaymentsForOtherFinancingActivities $102.00K USD 3 Qtrs
Other, net ProceedsFromPaymentsForOtherFinancingActivities - USD 3 Qtrs
Cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $204.84M USD 3 Qtrs
Cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $111.16M USD 3 Qtrs
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $468.00K USD 3 Qtrs
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $-2.29M USD 3 Qtrs
Net change in cash, cash equivalents, restricted cash, and cash included in advertising fund assets, restricted CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $151.53M USD 3 Qtrs
Net change in cash, cash equivalents, restricted cash, and cash included in advertising fund assets, restricted CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-61.97M USD 3 Qtrs
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $172.61M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $115.36M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $34.94M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $184.36M USD Point-in-time
Cash Included In Advertising Funds, Restricted Cash And Restricted Cash Equivalents CashIncludedInAdvertisingFundsRestrictedCashAndRestrictedCashEquivalents $25.20M USD Point-in-time
Cash Included In Advertising Funds, Restricted Cash And Restricted Cash Equivalents CashIncludedInAdvertisingFundsRestrictedCashAndRestrictedCashEquivalents $30.34M USD Point-in-time
Cash Included In Advertising Funds, Restricted Cash And Restricted Cash Equivalents CashIncludedInAdvertisingFundsRestrictedCashAndRestrictedCashEquivalents $19.37M USD Point-in-time
Cash Included In Advertising Funds, Restricted Cash And Restricted Cash Equivalents CashIncludedInAdvertisingFundsRestrictedCashAndRestrictedCashEquivalents $23.09M USD Point-in-time
Restricted cash, beginning of period RestrictedCashAndCashEquivalents - USD Point-in-time
Restricted cash, beginning of period RestrictedCashAndCashEquivalents - USD Point-in-time
Restricted cash, beginning of period RestrictedCashAndCashEquivalents $15.83M USD Point-in-time
Restricted cash, beginning of period RestrictedCashAndCashEquivalents $135.00K USD Point-in-time
Cash, cash equivalents, restricted cash, and cash included in advertising fund assets, restricted, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $207.81M USD Point-in-time
Cash, cash equivalents, restricted cash, and cash included in advertising fund assets, restricted, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $209.56M USD Point-in-time
Cash, cash equivalents, restricted cash, and cash included in advertising fund assets, restricted, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $145.84M USD Point-in-time
Cash, cash equivalents, restricted cash, and cash included in advertising fund assets, restricted, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $58.03M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $172.61M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $115.36M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $34.94M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $184.36M USD Point-in-time
Cash included in advertising fund assets, restricted, end of period CashIncludedInAdvertisingFundsRestrictedCashAndRestrictedCashEquivalents $25.20M USD Point-in-time
Cash included in advertising fund assets, restricted, end of period CashIncludedInAdvertisingFundsRestrictedCashAndRestrictedCashEquivalents $30.34M USD Point-in-time
Cash included in advertising fund assets, restricted, end of period CashIncludedInAdvertisingFundsRestrictedCashAndRestrictedCashEquivalents $19.37M USD Point-in-time
Cash included in advertising fund assets, restricted, end of period CashIncludedInAdvertisingFundsRestrictedCashAndRestrictedCashEquivalents $23.09M USD Point-in-time
Restricted cash, end of period RestrictedCashAndCashEquivalents - USD Point-in-time
Restricted cash, end of period RestrictedCashAndCashEquivalents - USD Point-in-time
Restricted cash, end of period RestrictedCashAndCashEquivalents $15.83M USD Point-in-time
Restricted cash, end of period RestrictedCashAndCashEquivalents $135.00K USD Point-in-time
Cash, cash equivalents, restricted cash, and cash included in advertising fund assets, restricted, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $207.81M USD Point-in-time
Cash, cash equivalents, restricted cash, and cash included in advertising fund assets, restricted, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $209.56M USD Point-in-time
Cash, cash equivalents, restricted cash, and cash included in advertising fund assets, restricted, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $145.84M USD Point-in-time
Cash, cash equivalents, restricted cash, and cash included in advertising fund assets, restricted, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $58.03M USD Point-in-time
Accrued capital expenditures, end of period CapitalExpendituresIncurredButNotYetPaid $984.00K USD 3 Qtrs
Accrued capital expenditures, end of period CapitalExpendituresIncurredButNotYetPaid $6.12M USD 3 Qtrs
Interest InterestPaidNet $61.89M USD 3 Qtrs
Interest InterestPaidNet $53.84M USD 3 Qtrs
Income taxes IncomeTaxesPaid $3.14M USD 3 Qtrs
Income taxes IncomeTaxesPaid $10.59M USD 3 Qtrs
Stockholders Equity 41 line items
Line Item Tag Value Unit Period
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.63B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.11B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $289.88M USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.08B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.67B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.68B USD Point-in-time
Net income (loss) ProfitLoss $48.32M USD 3 Qtrs
Net income (loss) ProfitLoss $3.25M USD 3 Qtrs
Net income (loss) ProfitLoss $35.17M USD 1 Quarter
Net income (loss) ProfitLoss $4.11M USD 1 Quarter
Net income (loss) ProfitLoss $33.09M USD 1 Quarter
Net income (loss) ProfitLoss $-19.93M USD 1 Quarter
Other comprehensive (loss) OtherComprehensiveIncomeLossNetOfTax $-9.09M USD 1 Quarter
Other comprehensive (loss) OtherComprehensiveIncomeLossNetOfTax $-28.52M USD 3 Qtrs
Other comprehensive (loss) OtherComprehensiveIncomeLossNetOfTax $-13.54M USD 3 Qtrs
Other comprehensive (loss) OtherComprehensiveIncomeLossNetOfTax $11.41M USD 1 Quarter
Other comprehensive (loss) OtherComprehensiveIncomeLossNetOfTax $-2.30M USD 1 Quarter
Other comprehensive (loss) OtherComprehensiveIncomeLossNetOfTax $-30.84M USD 1 Quarter
Equity-based compensation expense AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $1.03M USD 1 Quarter
Equity-based compensation expense AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $983.00K USD 1 Quarter
Equity-based compensation expense AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $508.00K USD 3 Qtrs
Equity-based compensation expense AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $933.00K USD 1 Quarter
Common stock issued in a business combination StockIssuedDuringPeriodValueAcquisitions $809.00M USD 3 Qtrs
Acquisition of subsidiary with noncontrolling interest NoncontrollingInterestIncreaseFromBusinessCombination $400.00K USD 3 Qtrs
At-Pac divestiture NoncontrollingInterestDecreaseFromBusinessDivestiture $948.00K USD 1 Quarter
Issuance of common stock upon initial public offering, net of underwriting discounts and commissions StockIssuedDuringPeriodValueNewIssues $661.50M USD 1 Quarter
Common stock issued upon underwriter's exercise of over-allotment StockIssuedDuringPeriodUnderwritersExerciseOfOverAllotment $99.22M USD 1 Quarter
Repurchase of common stock StockRepurchasedDuringPeriodValue $42.98M USD 1 Quarter
Exercise of stock options StockIssuedDuringPeriodValueStockOptionsExercised $25.00K USD 1 Quarter
Exercise of stock options StockIssuedDuringPeriodValueStockOptionsExercised $314.00K USD 1 Quarter
Establishment of income tax receivable liability AdjustmentsToAdditionalPaidInCapitalEstablishmentOfIncomeTaxReceivableLiability $155.97M USD 1 Quarter
IPO fees AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts $14.76M USD 1 Quarter
Other StockholdersEquityOther $63.00K USD 1 Quarter
Other StockholdersEquityOther $-64.00K USD 1 Quarter
Other StockholdersEquityOther $26.00K USD 1 Quarter
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.63B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.11B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $289.88M USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.08B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.67B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.68B USD Point-in-time
Comprehensive Income 36 line items
Line Item Tag Value Unit Period
Net income (loss) ProfitLoss $48.32M USD 3 Qtrs
Net income (loss) ProfitLoss $3.25M USD 3 Qtrs
Net income (loss) ProfitLoss $35.17M USD 1 Quarter
Net income (loss) ProfitLoss $4.11M USD 1 Quarter
Net income (loss) ProfitLoss $33.09M USD 1 Quarter
Net income (loss) ProfitLoss $-19.93M USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-28.68M USD 3 Qtrs
Foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-2.85M USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-30.84M USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-14.10M USD 3 Qtrs
Unrealized gain from cash flow hedges, net of tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax $29.00K USD 3 Qtrs
Unrealized gain from cash flow hedges, net of tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax $552.00K USD 3 Qtrs
Unrealized gain from cash flow hedges, net of tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax $-1.00K USD 1 Quarter
Unrealized gain from cash flow hedges, net of tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax $552.00K USD 1 Quarter
Defined benefit pension plan actuarial gain, net of tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-131.00K USD 3 Qtrs
Defined benefit pension plan actuarial gain, net of tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax - USD 3 Qtrs
Defined benefit pension plan actuarial gain, net of tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax - USD 1 Quarter
Defined benefit pension plan actuarial gain, net of tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-3.00K USD 1 Quarter
Other comprehensive loss, net OtherComprehensiveIncomeLossNetOfTax $-9.09M USD 1 Quarter
Other comprehensive loss, net OtherComprehensiveIncomeLossNetOfTax $-28.52M USD 3 Qtrs
Other comprehensive loss, net OtherComprehensiveIncomeLossNetOfTax $-13.54M USD 3 Qtrs
Other comprehensive loss, net OtherComprehensiveIncomeLossNetOfTax $11.41M USD 1 Quarter
Other comprehensive loss, net OtherComprehensiveIncomeLossNetOfTax $-2.30M USD 1 Quarter
Other comprehensive loss, net OtherComprehensiveIncomeLossNetOfTax $-30.84M USD 1 Quarter
Total comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-10.29M USD 3 Qtrs
Total comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $1.81M USD 1 Quarter
Total comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $2.24M USD 1 Quarter
Total comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $19.81M USD 3 Qtrs
Comprehensive income (loss) attributable to non-controlling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $-47.00K USD 1 Quarter
Comprehensive income (loss) attributable to non-controlling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $97.00K USD 1 Quarter
Comprehensive income (loss) attributable to non-controlling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $-34.00K USD 3 Qtrs
Comprehensive income (loss) attributable to non-controlling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $-8.00K USD 3 Qtrs
Comprehensive income (loss) attributable to Driven Brands Holdings Inc. ComprehensiveIncomeNetOfTax $-10.26M USD 3 Qtrs
Comprehensive income (loss) attributable to Driven Brands Holdings Inc. ComprehensiveIncomeNetOfTax $2.29M USD 1 Quarter
Comprehensive income (loss) attributable to Driven Brands Holdings Inc. ComprehensiveIncomeNetOfTax $19.81M USD 3 Qtrs
Comprehensive income (loss) attributable to Driven Brands Holdings Inc. ComprehensiveIncomeNetOfTax $1.72M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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