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10-Q Filing

DRIVEN BRANDS HOLDINGS INC. CIK: 1804745 Q2 2023
Filing Information
Form Type 10-Q
Accession Number 0001804745-23-000016
Period End Date 20230630
Filing Date 20230809
Fiscal Year 2023
Fiscal Period Q2
XBRL Instance drvn-20230701_htm.xml
Balance Sheet 98 line items
Line Item Tag Value Unit Period
Preferred stock, par value (in dollars per share) PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Preferred stock, par value (in dollars per share) PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Preferred stock, par value (in dollars per share) PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Preferred stock, shares authorized (in shares) PreferredStockSharesAuthorized 100.00M shares Point-in-time
Preferred stock, shares authorized (in shares) PreferredStockSharesAuthorized 100.00M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $197.85M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $523.41M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $212.12M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $227.11M USD Point-in-time
Preferred stock, shares issued (in shares) PreferredStockSharesIssued 0.00 shares Point-in-time
Preferred stock, shares issued (in shares) PreferredStockSharesIssued 0.00 shares Point-in-time
Preferred stock, shares outstanding (in shares) PreferredStockSharesOutstanding 0.00 shares Point-in-time
Restricted cash RestrictedCashAndCashEquivalentsAtCarryingValue $792.00K USD Point-in-time
Preferred stock, shares outstanding (in shares) PreferredStockSharesOutstanding 0.00 shares Point-in-time
Restricted cash RestrictedCashAndCashEquivalentsAtCarryingValue $657.00K USD Point-in-time
Preferred stock, shares outstanding (in shares) PreferredStockSharesOutstanding 0.00 shares Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Accounts and notes receivable, net AccountsNotesAndLoansReceivableNetCurrent $200.38M USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Accounts and notes receivable, net AccountsNotesAndLoansReceivableNetCurrent $179.89M USD Point-in-time
Inventory InventoryNet $83.04M USD Point-in-time
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 900.00M shares Point-in-time
Inventory InventoryNet $72.04M USD Point-in-time
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 900.00M shares Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 167.37M shares Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 167.40M shares Point-in-time
Prepaid and other assets PrepaidExpenseCurrent $40.08M USD Point-in-time
Prepaid and other assets PrepaidExpenseCurrent $52.35M USD Point-in-time
Income tax receivable IncomeTaxesReceivable $14.34M USD Point-in-time
Income tax receivable IncomeTaxesReceivable $15.07M USD Point-in-time
Advertising fund assets, restricted AdvertisingFundAssetCurrent $51.21M USD Point-in-time
Advertising fund assets, restricted AdvertisingFundAssetCurrent $36.42M USD Point-in-time
Total current assets AssetsCurrent $571.41M USD Point-in-time
Total current assets AssetsCurrent $614.10M USD Point-in-time
Other assets OtherAssets $36.92M USD Point-in-time
Other assets OtherAssets $30.56M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $1.68B USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $1.55B USD Point-in-time
Operating lease right-of-use assets OperatingLeaseRightOfUseAsset $1.30B USD Point-in-time
Operating lease right-of-use assets OperatingLeaseRightOfUseAsset $1.45B USD Point-in-time
Deferred commissions CapitalizedContractCostNetNoncurrent $6.40M USD Point-in-time
Deferred commissions CapitalizedContractCostNetNoncurrent $7.12M USD Point-in-time
Intangibles, net IntangibleAssetsNetExcludingGoodwill $765.90M USD Point-in-time
Intangibles, net IntangibleAssetsNetExcludingGoodwill $755.99M USD Point-in-time
Goodwill Goodwill $2.28B USD Point-in-time
Goodwill Goodwill $2.30B USD Point-in-time
Deferred tax assets DeferredIncomeTaxAssetsNet $2.91M USD Point-in-time
Deferred tax assets DeferredIncomeTaxAssetsNet $3.03M USD Point-in-time
Total assets Assets $6.84B USD Point-in-time
Total assets Assets $6.50B USD Point-in-time
Accounts payable AccountsPayableCurrent $60.61M USD Point-in-time
Accounts payable AccountsPayableCurrent $81.75M USD Point-in-time
Accrued expenses and other liabilities AccruedLiabilitiesAndOtherLiabilities $317.32M USD Point-in-time
Accrued expenses and other liabilities AccruedLiabilitiesAndOtherLiabilities $311.35M USD Point-in-time
Income tax payable TaxesPayableCurrent $4.45M USD Point-in-time
Income tax payable TaxesPayableCurrent $3.15M USD Point-in-time
Current portion of long-term debt LongTermDebtCurrent $32.99M USD Point-in-time
Current portion of long-term debt LongTermDebtCurrent $32.04M USD Point-in-time
Income tax receivable liability IncomeTaxReceivableLiabilityCurrent $53.33M USD Point-in-time
Income tax receivable liability IncomeTaxReceivableLiabilityCurrent $53.78M USD Point-in-time
Advertising fund liabilities AdvertisingFundLiabilityCurrent $36.73M USD Point-in-time
Advertising fund liabilities AdvertisingFundLiabilityCurrent $36.91M USD Point-in-time
Total current liabilities LiabilitiesCurrent $518.98M USD Point-in-time
Total current liabilities LiabilitiesCurrent $505.42M USD Point-in-time
Long-term debt LongTermDebtNoncurrent $2.78B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $2.71B USD Point-in-time
Deferred tax liabilities DeferredIncomeTaxLiabilitiesNet $297.88M USD Point-in-time
Deferred tax liabilities DeferredIncomeTaxLiabilitiesNet $276.75M USD Point-in-time
Operating lease liabilities OperatingLeaseLiabilityNoncurrent $1.18B USD Point-in-time
Operating lease liabilities OperatingLeaseLiabilityNoncurrent $1.32B USD Point-in-time
Income tax receivable liability IncomeTaxReceivableLiabilityNoncurrent $117.92M USD Point-in-time
Income tax receivable liability IncomeTaxReceivableLiabilityNoncurrent $117.92M USD Point-in-time
Deferred revenue ContractWithCustomerLiabilityNoncurrent $30.16M USD Point-in-time
Deferred revenue ContractWithCustomerLiabilityNoncurrent $30.05M USD Point-in-time
Long-term accrued expenses and other liabilities OtherAccruedLiabilitiesNoncurrent $33.42M USD Point-in-time
Long-term accrued expenses and other liabilities OtherAccruedLiabilitiesNoncurrent $31.13M USD Point-in-time
Total liabilities Liabilities $4.85B USD Point-in-time
Total liabilities Liabilities $5.10B USD Point-in-time
Preferred Stock $0.01 par value; 100,000,000 shares authorized; none issued or outstanding PreferredStockValue - USD Point-in-time
Preferred Stock $0.01 par value; 100,000,000 shares authorized; none issued or outstanding PreferredStockValue - USD Point-in-time
Common stock, $0.01 par value, 900,000,000 shares authorized: and 167,366,561 and 167,404,047 shares outstanding; respectively CommonStockValue $1.67M USD Point-in-time
Common stock, $0.01 par value, 900,000,000 shares authorized: and 167,366,561 and 167,404,047 shares outstanding; respectively CommonStockValue $1.67M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $1.64B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $1.63B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $152.29M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $84.80M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-44.90M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-62.44M USD Point-in-time
Total shareholders equity attributable to Driven Brands Holdings Inc. StockholdersEquity $1.75B USD Point-in-time
Total shareholders equity attributable to Driven Brands Holdings Inc. StockholdersEquity $1.65B USD Point-in-time
Non-controlling interests MinorityInterest $644.00K USD Point-in-time
Non-controlling interests MinorityInterest $631.00K USD Point-in-time
Total shareholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.75B USD Point-in-time
Total shareholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.65B USD Point-in-time
Total shareholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.58B USD Point-in-time
Total liabilities and shareholders' equity LiabilitiesAndStockholdersEquity $6.84B USD Point-in-time
Total liabilities and shareholders' equity LiabilitiesAndStockholdersEquity $6.50B USD Point-in-time
Income Statement 84 line items
Line Item Tag Value Unit Period
Revenue RevenueFromContractWithCustomerExcludingAssessedTax $1.17B USD 2 Qtrs
Revenue RevenueFromContractWithCustomerExcludingAssessedTax $976.95M USD 2 Qtrs
Revenue RevenueFromContractWithCustomerExcludingAssessedTax $508.62M USD 1 Quarter
Revenue RevenueFromContractWithCustomerExcludingAssessedTax $606.85M USD 1 Quarter
Selling, general, and administrative expenses SellingGeneralAndAdministrativeExpense $209.14M USD 2 Qtrs
Selling, general, and administrative expenses SellingGeneralAndAdministrativeExpense $96.81M USD 1 Quarter
Selling, general, and administrative expenses SellingGeneralAndAdministrativeExpense $190.20M USD 2 Qtrs
Selling, general, and administrative expenses SellingGeneralAndAdministrativeExpense $97.98M USD 1 Quarter
Acquisition related costs BusinessCombinationAcquisitionRelatedCosts $3.75M USD 1 Quarter
Acquisition related costs BusinessCombinationAcquisitionRelatedCosts $5.60M USD 2 Qtrs
Acquisition related costs BusinessCombinationAcquisitionRelatedCosts $3.34M USD 1 Quarter
Acquisition related costs BusinessCombinationAcquisitionRelatedCosts $7.66M USD 2 Qtrs
Store opening costs PreOpeningCosts $1.17M USD 2 Qtrs
Store opening costs PreOpeningCosts $2.40M USD 2 Qtrs
Store opening costs PreOpeningCosts $666.00K USD 1 Quarter
Store opening costs PreOpeningCosts $1.38M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $45.42M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $38.09M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $83.62M USD 2 Qtrs
Depreciation and amortization DepreciationAndAmortization $71.11M USD 2 Qtrs
Trade name impairment ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill - USD 1 Quarter
Trade name impairment ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill - USD 2 Qtrs
Trade name impairment ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill $125.45M USD 1 Quarter
Trade name impairment ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill $125.45M USD 2 Qtrs
Asset impairment charges and lease terminations AssetImpairmentChargesAndLeaseTerminations $-882.00K USD 1 Quarter
Asset impairment charges and lease terminations AssetImpairmentChargesAndLeaseTerminations $6.21M USD 2 Qtrs
Asset impairment charges and lease terminations AssetImpairmentChargesAndLeaseTerminations $16.00K USD 2 Qtrs
Asset impairment charges and lease terminations AssetImpairmentChargesAndLeaseTerminations $6.04M USD 1 Quarter
Total operating expenses OperatingExpenses $938.91M USD 2 Qtrs
Total operating expenses OperatingExpenses $509.26M USD 1 Quarter
Total operating expenses OperatingExpenses $994.54M USD 2 Qtrs
Total operating expenses OperatingExpenses $544.31M USD 1 Quarter
Operating income (loss) OperatingIncomeLoss $97.59M USD 1 Quarter
Operating income (loss) OperatingIncomeLoss $-35.69M USD 1 Quarter
Operating income (loss) OperatingIncomeLoss $174.78M USD 2 Qtrs
Operating income (loss) OperatingIncomeLoss $38.03M USD 2 Qtrs
Interest expense, net InterestExpense $40.87M USD 1 Quarter
Interest expense, net InterestExpense $51.62M USD 2 Qtrs
Interest expense, net InterestExpense $79.01M USD 2 Qtrs
Interest expense, net InterestExpense $26.27M USD 1 Quarter
(Gain) loss on foreign currency transactions ForeignCurrencyTransactionGainLossBeforeTax $2.98M USD 2 Qtrs
(Gain) loss on foreign currency transactions ForeignCurrencyTransactionGainLossBeforeTax $-13.94M USD 1 Quarter
(Gain) loss on foreign currency transactions ForeignCurrencyTransactionGainLossBeforeTax $-14.91M USD 2 Qtrs
(Gain) loss on foreign currency transactions ForeignCurrencyTransactionGainLossBeforeTax $1.30M USD 1 Quarter
Other expense, net NonoperatingIncomeExpense $-66.53M USD 2 Qtrs
Other expense, net NonoperatingIncomeExpense $-40.21M USD 1 Quarter
Other expense, net NonoperatingIncomeExpense $-39.57M USD 1 Quarter
Other expense, net NonoperatingIncomeExpense $-76.03M USD 2 Qtrs
Income (loss) before taxes IncomeLossIncludingPortionAttributableToNoncontrollingInterest $58.02M USD 1 Quarter
Income (loss) before taxes IncomeLossIncludingPortionAttributableToNoncontrollingInterest $-75.89M USD 1 Quarter
Income (loss) before taxes IncomeLossIncludingPortionAttributableToNoncontrollingInterest $-28.50M USD 2 Qtrs
Income (loss) before taxes IncomeLossIncludingPortionAttributableToNoncontrollingInterest $98.74M USD 2 Qtrs
Income tax expense (benefit) IncomeTaxExpenseBenefit $-5.88M USD 2 Qtrs
Income tax expense (benefit) IncomeTaxExpenseBenefit $-18.85M USD 1 Quarter
Income tax expense (benefit) IncomeTaxExpenseBenefit $20.27M USD 1 Quarter
Income tax expense (benefit) IncomeTaxExpenseBenefit $31.25M USD 2 Qtrs
Net income (loss) ProfitLoss $37.75M USD 1 Quarter
Net income (loss) ProfitLoss $67.50M USD 2 Qtrs
Net income (loss) ProfitLoss $-22.62M USD 2 Qtrs
Net income (loss) ProfitLoss $-57.04M USD 1 Quarter
Net loss attributable to non-controlling interest NetIncomeLossAttributableToNoncontrollingInterest $-15.00K USD 2 Qtrs
Net loss attributable to non-controlling interest NetIncomeLossAttributableToNoncontrollingInterest - USD 1 Quarter
Net loss attributable to non-controlling interest NetIncomeLossAttributableToNoncontrollingInterest - USD 2 Qtrs
Net loss attributable to non-controlling interest NetIncomeLossAttributableToNoncontrollingInterest - USD 1 Quarter
Net income (loss) attributable to Driven Brands Holdings Inc. NetIncomeLoss $-22.60M USD 2 Qtrs
Net income (loss) attributable to Driven Brands Holdings Inc. NetIncomeLoss $-57.04M USD 1 Quarter
Net income (loss) attributable to Driven Brands Holdings Inc. NetIncomeLoss $67.50M USD 2 Qtrs
Net income (loss) attributable to Driven Brands Holdings Inc. NetIncomeLoss $37.75M USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $0.23 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $0.41 USD 2 Qtrs
Basic (in dollars per share) EarningsPerShareBasic $-0.14 USD 2 Qtrs
Basic (in dollars per share) EarningsPerShareBasic $-0.34 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $-0.34 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $0.40 USD 2 Qtrs
Diluted (in dollars per share) EarningsPerShareDiluted $-0.14 USD 2 Qtrs
Diluted (in dollars per share) EarningsPerShareDiluted $0.22 USD 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 162.77M shares 2 Qtrs
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 162.85M shares 2 Qtrs
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 162.91M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 162.78M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 166.89M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 162.78M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 162.77M shares 2 Qtrs
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 166.88M shares 2 Qtrs
Cash Flow Statement 132 line items
Line Item Tag Value Unit Period
Unrealized (loss) gain from cash flow hedges, net of tax benefit OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax $-19.00K USD 1 Quarter
Unrealized (loss) gain from cash flow hedges, net of tax benefit OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax $-26.00K USD 1 Quarter
Net income (loss) ProfitLoss $37.75M USD 1 Quarter
Unrealized (loss) gain from cash flow hedges, net of tax benefit OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax $-21.00K USD 2 Qtrs
Net income (loss) ProfitLoss $67.50M USD 2 Qtrs
Net income (loss) ProfitLoss $-22.62M USD 2 Qtrs
Unrealized (loss) gain from cash flow hedges, net of tax benefit OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax $-26.00K USD 2 Qtrs
Net income (loss) ProfitLoss $-57.04M USD 1 Quarter
Actuarial gain of defined benefit pension plan, tax expense OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax - USD 1 Quarter
Actuarial gain of defined benefit pension plan, tax expense OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax - USD 1 Quarter
Actuarial gain of defined benefit pension plan, tax expense OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax - USD 2 Qtrs
Actuarial gain of defined benefit pension plan, tax expense OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax - USD 2 Qtrs
Depreciation and amortization DepreciationDepletionAndAmortization $83.62M USD 2 Qtrs
Depreciation and amortization DepreciationDepletionAndAmortization $71.11M USD 2 Qtrs
Trade name impairment ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill - USD 1 Quarter
Trade name impairment ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill - USD 2 Qtrs
Trade name impairment ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill $125.45M USD 1 Quarter
Trade name impairment ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill $125.45M USD 2 Qtrs
Equity-based compensation expense AllocatedShareBasedCompensationExpense $4.00M USD 1 Quarter
Equity-based compensation expense AllocatedShareBasedCompensationExpense $6.85M USD 2 Qtrs
Equity-based compensation expense AllocatedShareBasedCompensationExpense $4.00M USD 1 Quarter
Equity-based compensation expense AllocatedShareBasedCompensationExpense $7.05M USD 2 Qtrs
(Gain) loss on foreign denominated transactions GainLossForeignCurrencyTransactionBeforeTaxExcludingDerivativeAssetsAndLiabilities $1.72M USD 2 Qtrs
(Gain) loss on foreign denominated transactions GainLossForeignCurrencyTransactionBeforeTaxExcludingDerivativeAssetsAndLiabilities $-14.91M USD 2 Qtrs
Gain on foreign currency derivatives IncreaseDecreaseInDerivativeAssetsAndLiabilities $1.25M USD 2 Qtrs
Gain on foreign currency derivatives IncreaseDecreaseInDerivativeAssetsAndLiabilities - USD 2 Qtrs
Gain on sale of businesses, fixed assets, and sale-leaseback transactions GainLossOnDispositionOfAssets1 $9.06M USD 2 Qtrs
Gain on sale of businesses, fixed assets, and sale-leaseback transactions GainLossOnDispositionOfAssets1 $12.23M USD 2 Qtrs
Reclassification of interest rate hedge to income InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet $1.04M USD 2 Qtrs
Reclassification of interest rate hedge to income InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet - USD 2 Qtrs
Bad debt expense ProvisionForDoubtfulAccounts $936.00K USD 2 Qtrs
Bad debt expense ProvisionForDoubtfulAccounts $602.00K USD 2 Qtrs
Asset impairment costs AssetImpairmentChargesExcludingTradeNames $16.00K USD 2 Qtrs
Asset impairment costs AssetImpairmentChargesExcludingTradeNames $6.21M USD 2 Qtrs
Amortization of deferred financing costs and bond discounts AmortizationOfFinancingCostsAndDiscounts $4.34M USD 2 Qtrs
Amortization of deferred financing costs and bond discounts AmortizationOfFinancingCostsAndDiscounts $4.57M USD 2 Qtrs
Provision (benefit) for deferred income taxes DeferredIncomeTaxesAndTaxCredits $-31.91M USD 2 Qtrs
Provision (benefit) for deferred income taxes DeferredIncomeTaxesAndTaxCredits $18.81M USD 2 Qtrs
Other, net OtherNoncashIncomeExpense $-9.68M USD 2 Qtrs
Other, net OtherNoncashIncomeExpense $-9.64M USD 2 Qtrs
Accounts and notes receivable, net IncreaseDecreaseInAccountsAndNotesReceivable $30.37M USD 2 Qtrs
Accounts and notes receivable, net IncreaseDecreaseInAccountsAndNotesReceivable $59.58M USD 2 Qtrs
Inventory IncreaseDecreaseInInventories $6.90M USD 2 Qtrs
Inventory IncreaseDecreaseInInventories $11.11M USD 2 Qtrs
Prepaid and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $19.08M USD 2 Qtrs
Prepaid and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $7.89M USD 2 Qtrs
Advertising fund assets and liabilities, restricted IncreaseDecreaseInAdvertisingFundsAssetsAndLiabilitiesRestricted $8.77M USD 2 Qtrs
Advertising fund assets and liabilities, restricted IncreaseDecreaseInAdvertisingFundsAssetsAndLiabilitiesRestricted $1.32M USD 2 Qtrs
Other Assets IncreaseDecreaseInOtherOperatingAssets $1.88M USD 2 Qtrs
Other Assets IncreaseDecreaseInOtherOperatingAssets $25.46M USD 2 Qtrs
Deferred commissions IncreaseDecreaseCapitalizedContractCostNet $-178.00K USD 2 Qtrs
Deferred commissions IncreaseDecreaseCapitalizedContractCostNet $330.00K USD 2 Qtrs
Deferred revenue IncreaseDecreaseInContractWithCustomerLiability $1.58M USD 2 Qtrs
Deferred revenue IncreaseDecreaseInContractWithCustomerLiability $497.00K USD 2 Qtrs
Accounts payable IncreaseDecreaseInAccountsPayable $20.21M USD 2 Qtrs
Accounts payable IncreaseDecreaseInAccountsPayable $16.23M USD 2 Qtrs
Accrued expenses and other liabilities IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities $-1.17M USD 2 Qtrs
Accrued expenses and other liabilities IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities $-45.95M USD 2 Qtrs
Income tax receivable IncreaseDecreaseInIncomeTaxesReceivable $320.00K USD 2 Qtrs
Income tax receivable IncreaseDecreaseInIncomeTaxesReceivable $-19.64M USD 2 Qtrs
Cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $75.39M USD 2 Qtrs
Cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $114.58M USD 2 Qtrs
Capital expenditures PaymentsToAcquireProductiveAssets $148.76M USD 2 Qtrs
Capital expenditures PaymentsToAcquireProductiveAssets $320.07M USD 2 Qtrs
Cash used in business acquisitions, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $394.39M USD 2 Qtrs
Cash used in business acquisitions, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $44.87M USD 2 Qtrs
Proceeds from sale-leaseback transactions ProceedsFromSaleLeasebackTransactions $143.62M USD 2 Qtrs
Proceeds from sale-leaseback transactions ProceedsFromSaleLeasebackTransactions $56.08M USD 2 Qtrs
Proceeds from sale or disposal of businesses and fixed assets ProceedsFromSaleOfPropertyPlantAndEquipment $217.00K USD 2 Qtrs
Proceeds from sale or disposal of businesses and fixed assets ProceedsFromSaleOfPropertyPlantAndEquipment $2.18M USD 2 Qtrs
Cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-221.10M USD 2 Qtrs
Cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-484.88M USD 2 Qtrs
Repayment of long-term debt RepaymentsOfLongTermDebt $13.96M USD 2 Qtrs
Repayment of long-term debt RepaymentsOfLongTermDebt $9.68M USD 2 Qtrs
Proceeds from revolving lines of credit and short-term debt ProceedsFromShortTermDebt $230.00M USD 2 Qtrs
Proceeds from revolving lines of credit and short-term debt ProceedsFromShortTermDebt $105.00M USD 2 Qtrs
Repayments of revolving lines of credit and short-term debt RepaymentsOfShortTermDebt - USD 2 Qtrs
Repayments of revolving lines of credit and short-term debt RepaymentsOfShortTermDebt $120.00M USD 2 Qtrs
Repayment of principal portion of finance lease liability RepaymentsOfDebtAndCapitalLeaseObligations $1.89M USD 2 Qtrs
Repayment of principal portion of finance lease liability RepaymentsOfDebtAndCapitalLeaseObligations $1.16M USD 2 Qtrs
Purchase of equity securities PaymentsForRepurchaseOfEquity - USD 2 Qtrs
Purchase of equity securities PaymentsForRepurchaseOfEquity $716.00K USD 2 Qtrs
Stock option exercises ProceedsFromStockOptionsExercised $188.00K USD 2 Qtrs
Stock option exercises ProceedsFromStockOptionsExercised $1.76M USD 2 Qtrs
Other, net ProceedsFromPaymentsForOtherFinancingActivities $-36.00K USD 2 Qtrs
Other, net ProceedsFromPaymentsForOtherFinancingActivities $-64.00K USD 2 Qtrs
Cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $94.31M USD 2 Qtrs
Cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $95.13M USD 2 Qtrs
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $2.09M USD 2 Qtrs
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $-4.45M USD 2 Qtrs
Net change in cash, cash equivalents, restricted cash, and cash included in advertising fund assets, restricted CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-319.64M USD 2 Qtrs
Net change in cash, cash equivalents, restricted cash, and cash included in advertising fund assets, restricted CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-9.30M USD 2 Qtrs
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $197.85M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $523.41M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $212.12M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $227.11M USD Point-in-time
Cash included in advertising fund assets, restricted, beginning of period CashIncludedInAdvertisingFundsRestrictedCashAndRestrictedCashEquivalents $38.59M USD Point-in-time
Cash included in advertising fund assets, restricted, beginning of period CashIncludedInAdvertisingFundsRestrictedCashAndRestrictedCashEquivalents $44.51M USD Point-in-time
Cash included in advertising fund assets, restricted, beginning of period CashIncludedInAdvertisingFundsRestrictedCashAndRestrictedCashEquivalents $32.87M USD Point-in-time
Cash included in advertising fund assets, restricted, beginning of period CashIncludedInAdvertisingFundsRestrictedCashAndRestrictedCashEquivalents $38.69M USD Point-in-time
Restricted cash, beginning of period RestrictedCashAndCashEquivalents $657.00K USD Point-in-time
Restricted cash, beginning of period RestrictedCashAndCashEquivalents $792.00K USD Point-in-time
Restricted cash, beginning of period RestrictedCashAndCashEquivalents $792.00K USD Point-in-time
Restricted cash, beginning of period RestrictedCashAndCashEquivalents $792.00K USD Point-in-time
Cash, cash equivalents, restricted cash, and cash included in advertising fund assets, restricted, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $260.77M USD Point-in-time
Cash, cash equivalents, restricted cash, and cash included in advertising fund assets, restricted, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $251.47M USD Point-in-time
Cash, cash equivalents, restricted cash, and cash included in advertising fund assets, restricted, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $243.16M USD Point-in-time
Cash, cash equivalents, restricted cash, and cash included in advertising fund assets, restricted, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $562.79M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $197.85M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $523.41M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $212.12M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $227.11M USD Point-in-time
Cash included in advertising fund assets, restricted, end of period CashIncludedInAdvertisingFundsRestrictedCashAndRestrictedCashEquivalents $38.59M USD Point-in-time
Cash included in advertising fund assets, restricted, end of period CashIncludedInAdvertisingFundsRestrictedCashAndRestrictedCashEquivalents $44.51M USD Point-in-time
Cash included in advertising fund assets, restricted, end of period CashIncludedInAdvertisingFundsRestrictedCashAndRestrictedCashEquivalents $32.87M USD Point-in-time
Cash included in advertising fund assets, restricted, end of period CashIncludedInAdvertisingFundsRestrictedCashAndRestrictedCashEquivalents $38.69M USD Point-in-time
Restricted cash, end of period RestrictedCashAndCashEquivalents $657.00K USD Point-in-time
Restricted cash, end of period RestrictedCashAndCashEquivalents $792.00K USD Point-in-time
Restricted cash, end of period RestrictedCashAndCashEquivalents $792.00K USD Point-in-time
Restricted cash, end of period RestrictedCashAndCashEquivalents $792.00K USD Point-in-time
Cash, cash equivalents, restricted cash, and cash included in advertising fund assets, restricted, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $260.77M USD Point-in-time
Cash, cash equivalents, restricted cash, and cash included in advertising fund assets, restricted, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $251.47M USD Point-in-time
Cash, cash equivalents, restricted cash, and cash included in advertising fund assets, restricted, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $243.16M USD Point-in-time
Cash, cash equivalents, restricted cash, and cash included in advertising fund assets, restricted, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $562.79M USD Point-in-time
Capital expenditures included in accrued expenses and other liabilities CapitalExpendituresIncurredButNotYetPaid $43.19M USD 2 Qtrs
Capital expenditures included in accrued expenses and other liabilities CapitalExpendituresIncurredButNotYetPaid $5.46M USD 2 Qtrs
Deferred consideration included in accrued expenses and other liabilities BusinessCombinationContingentConsiderationDeferredConsiderationIncludedInAccruals $16.13M USD 2 Qtrs
Deferred consideration included in accrued expenses and other liabilities BusinessCombinationContingentConsiderationDeferredConsiderationIncludedInAccruals $14.23M USD 2 Qtrs
Interest InterestPaidNet $51.49M USD 2 Qtrs
Interest InterestPaidNet $78.95M USD 2 Qtrs
Income taxes IncomeTaxesPaid $5.46M USD 2 Qtrs
Income taxes IncomeTaxesPaid $13.61M USD 2 Qtrs
Stockholders Equity 29 line items
Line Item Tag Value Unit Period
Preferred stock, par value (in dollars per share) PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Preferred stock, par value (in dollars per share) PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Preferred stock, par value (in dollars per share) PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Preferred stock (in shares) PreferredStockSharesOutstanding 0.00 shares Point-in-time
Preferred stock (in shares) PreferredStockSharesOutstanding 0.00 shares Point-in-time
Preferred stock (in shares) PreferredStockSharesOutstanding 0.00 shares Point-in-time
Preferred stock PreferredStockValueOutstanding - USD Point-in-time
Preferred stock PreferredStockValueOutstanding - USD Point-in-time
Beginning balance (in shares) CommonStockSharesOutstanding 167.37M shares Point-in-time
Beginning balance (in shares) CommonStockSharesOutstanding 167.40M shares Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.75B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.65B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.58B USD Point-in-time
Net income (loss) ProfitLoss $37.75M USD 1 Quarter
Net income (loss) ProfitLoss $67.50M USD 2 Qtrs
Net income (loss) ProfitLoss $-22.62M USD 2 Qtrs
Net income (loss) ProfitLoss $-57.04M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $17.55M USD 2 Qtrs
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $6.38M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $-42.33M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $-47.77M USD 2 Qtrs
Ending balance (in shares) CommonStockSharesOutstanding 167.37M shares Point-in-time
Ending balance (in shares) CommonStockSharesOutstanding 167.40M shares Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.75B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.65B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.58B USD Point-in-time
Comprehensive Income 32 line items
Line Item Tag Value Unit Period
Net income (loss) ProfitLoss $37.75M USD 1 Quarter
Net income (loss) ProfitLoss $67.50M USD 2 Qtrs
Net income (loss) ProfitLoss $-22.62M USD 2 Qtrs
Net income (loss) ProfitLoss $-57.04M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-42.11M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $6.17M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-47.69M USD 2 Qtrs
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $17.52M USD 2 Qtrs
Unrealized (loss) gain from cash flow hedges, net of tax benefit of ($19), ($26), ($21), and ($26), respectively OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax $-93.00K USD 2 Qtrs
Unrealized (loss) gain from cash flow hedges, net of tax benefit of ($19), ($26), ($21), and ($26), respectively OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax $222.00K USD 1 Quarter
Unrealized (loss) gain from cash flow hedges, net of tax benefit of ($19), ($26), ($21), and ($26), respectively OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax $-225.00K USD 1 Quarter
Unrealized (loss) gain from cash flow hedges, net of tax benefit of ($19), ($26), ($21), and ($26), respectively OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax $22.00K USD 2 Qtrs
Actuarial (loss) gain of defined (benefit) expense pension plan, net of tax expense of $0, OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-12.00K USD 2 Qtrs
Actuarial (loss) gain of defined (benefit) expense pension plan, net of tax expense of $0, OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-7.00K USD 2 Qtrs
Actuarial (loss) gain of defined (benefit) expense pension plan, net of tax expense of $0, OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-7.00K USD 1 Quarter
Actuarial (loss) gain of defined (benefit) expense pension plan, net of tax expense of $0, OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $4.00K USD 1 Quarter
Other comprehensive income (loss), net OtherComprehensiveIncomeLossNetOfTax $17.55M USD 2 Qtrs
Other comprehensive income (loss), net OtherComprehensiveIncomeLossNetOfTax $6.38M USD 1 Quarter
Other comprehensive income (loss), net OtherComprehensiveIncomeLossNetOfTax $-42.33M USD 1 Quarter
Other comprehensive income (loss), net OtherComprehensiveIncomeLossNetOfTax $-47.77M USD 2 Qtrs
Total comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $85.05M USD 2 Qtrs
Total comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-99.38M USD 1 Quarter
Total comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-70.39M USD 2 Qtrs
Total comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $44.13M USD 1 Quarter
Comprehensive income (loss) attributable to non-controlling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $-19.00K USD 1 Quarter
Comprehensive income (loss) attributable to non-controlling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $-21.00K USD 2 Qtrs
Comprehensive income (loss) attributable to non-controlling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $13.00K USD 2 Qtrs
Comprehensive income (loss) attributable to non-controlling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $14.00K USD 1 Quarter
Comprehensive income (loss) attributable to Driven Brands Holdings Inc. ComprehensiveIncomeNetOfTax $-70.37M USD 2 Qtrs
Comprehensive income (loss) attributable to Driven Brands Holdings Inc. ComprehensiveIncomeNetOfTax $-99.36M USD 1 Quarter
Comprehensive income (loss) attributable to Driven Brands Holdings Inc. ComprehensiveIncomeNetOfTax $85.03M USD 2 Qtrs
Comprehensive income (loss) attributable to Driven Brands Holdings Inc. ComprehensiveIncomeNetOfTax $44.12M USD 1 Quarter

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

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