Cash flow Cracker Barrel Old Country Store, Inc.

Equities

CBRL

US22410J1060

Restaurants & Bars

Market Closed - Nasdaq Other stock markets 01:30:00 14/09/2024 am IST			5-day change	1st Jan Change
39.22 ^USD	+7.07%		+5.06%	-49.12%

05/09	Truist Securities Adjusts Price Target on Cracker Barrel Old Country Store to $42 From $46, Maintains Hold Rating	MT
21/08	Biglari Capital Nominates Candidates to the Board of Cracker Barrel Old Country Store	CI

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Published financial data: CRACKER BARREL OLD COUNTRY STORE, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: July	2019	2020	2021	2022	2023
Revenues	3.07B	2.52B	2.82B	3.27B	3.44B
Total Revenues	3.07B	2.52B	2.82B	3.27B	3.44B
Cost of Goods Sold, Total	2.01B	1.7B	1.85B	2.2B	2.34B
Gross Profit	1.06B	818M	973M	1.07B	1.11B
Selling General & Admin Expenses, Total	779M	756M	824M	916M	972M
Other Operating Expenses, Total	779M	756M	824M	916M	972M
Operating Income	283M	61.38M	149M	153M	135M
Interest Expense, Total	-16.49M	-22.33M	-56.11M	-9.62M	-17.01M
Net Interest Expenses	-16.49M	-22.33M	-56.11M	-9.62M	-17.01M
Income (Loss) On Equity Invest.	-	-142M	-	-	-
EBT, Excl. Unusual Items	266M	-103M	92.83M	143M	118M
Restructuring Charges	-	-3.96M	-	-	-2.31M
Merger & Related Restructuring Charges	-	-1.27M	-	-	-
Gain (Loss) On Sale Of Assets	-	69.95M	218M	-	-
Asset Writedown	-	-22.5M	-	-	-11.69M
Legal Settlements	-	-	-	-	-
EBT, Incl. Unusual Items	266M	-61.16M	311M	143M	104M
Income Tax Expense	42.96M	-28.68M	56.04M	11.5M	4.56M
Earnings From Continuing Operations	223M	-32.48M	255M	132M	99.05M
Net Income to Company	223M	-32.48M	255M	132M	99.05M
Net Income - (IS)	223M	-32.48M	255M	132M	99.05M
Net Income to Common Incl Extra Items	223M	-32.48M	255M	132M	99.05M
Net Income to Common Excl. Extra Items	223M	-32.48M	255M	132M	99.05M
Per Share Items
Net EPS - Basic	9.29	-1.36	10.74	5.69	4.47
Basic EPS - Continuing Operations	9.29	-1.36	10.74	5.69	4.47
Basic Weighted Average Shares Outstanding	24.04M	23.87M	23.69M	23.16M	22.17M
Net EPS - Diluted	9.27	-1.36	10.71	5.67	4.45
Diluted EPS - Continuing Operations	9.27	-1.36	10.71	5.67	4.45
Diluted Weighted Average Shares Outstanding	24.1M	23.87M	23.77M	23.25M	22.27M
Normalized Basic EPS	6.93	-2.71	2.45	3.87	3.32
Normalized Diluted EPS	6.91	-2.71	2.44	3.86	3.3
Dividend Per Share	5.05	3.9	1	5.2	5.2
Payout Ratio	54.13	-291.13	12.44	87.07	117.19
Supplemental Items
EBITDA	390M	180M	258M	257M	239M
EBITA	283M	61.38M	149M	153M	135M
EBIT	283M	61.38M	149M	153M	135M
EBITDAR	469M	267M	368M	371M	356M
Effective Tax Rate - (Ratio)	16.13	46.9	18.04	8.02	4.4
Current Domestic Taxes	47.14M	-17.49M	-11.1M	17.65M	10.5M
Total Current Taxes	47.14M	-17.49M	-11.1M	17.65M	10.5M
Deferred Domestic Taxes	-4.19M	-11.19M	67.14M	-6.15M	-5.94M
Total Deferred Taxes	-4.19M	-11.19M	67.14M	-6.15M	-5.94M
Normalized Net Income	166M	-64.62M	58.02M	89.61M	73.51M
Interest on Long-Term Debt	-	-	-	-	3.63M
Supplemental Operating Expense Items
Advertising Expense	81.86M	79.16M	83.63M	89.85M	89.8M
General and Administrative Expenses	153M	142M	148M	157M	174M
Net Rental Expense, Total	78.32M	87.58M	111M	114M	117M
Imputed Operating Lease Interest Expense	25.49M	15.17M	35.83M	7.54M	13.41M
Imputed Operating Lease Depreciation	52.83M	72.41M	75.05M	106M	103M
Stock-Based Comp., G&A Exp. (Total)	8.18M	6.39M	8.73M	8.2M	9.04M
Total Stock-Based Compensation	8.18M	6.39M	8.73M	8.2M	9.04M

Fiscal Period: July	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	36.88M	437M	145M	45.1M	25.15M
Trading Asset Securities, Total	-	-	-	-	-
Total Cash And Short Term Investments	36.88M	437M	145M	45.1M	25.15M
Accounts Receivable, Total	22.76M	20.16M	27.37M	32.25M	30.45M
Other Receivables	9.45M	28.85M	21.12M	2.45M	2.06M
Total Receivables	32.21M	49.01M	48.5M	34.7M	32.51M
Inventory	155M	139M	138M	213M	189M
Prepaid Expenses	18.33M	17.92M	22.19M	24.22M	35.27M
Deferred Tax Assets Current	-	-	-	-	-
Total Current Assets	242M	643M	354M	317M	282M
Gross Property Plant And Equipment	2.31B	3.06B	3.21B	3.24B	3.27B
Accumulated Depreciation	-1.14B	-1.23B	-1.25B	-1.34B	-1.41B
Net Property Plant And Equipment	1.17B	1.82B	1.95B	1.9B	1.86B
Long-term Investments	89.1M	-	-	-	-
Goodwill	-	4.69M	4.69M	4.69M	4.69M
Other Intangibles, Total	-	20.96M	21.28M	21.21M	23.43M
Loans Receivable Long-Term	-	48M	-	-	-
Other Long-Term Assets, Total	80.78M	5.59M	57.8M	48.6M	46.44M
Total Assets	1.58B	2.54B	2.39B	2.29B	2.22B
Liabilities
Accounts Payable, Total	132M	104M	135M	170M	165M
Accrued Expenses, Total	92.81M	80.69M	88.52M	76.67M	89.24M
Current Portion of Long-Term Debt	-	43.28M	124K	124K	75K
Current Portion of Leases	-	42.3M	50.45M	54.57M	46.34M
Unearned Revenue Current, Total	81.73M	94.76M	93.16M	93.62M	95.02M
Other Current Liabilities	85.71M	86.52M	97.84M	107M	92.82M
Total Current Liabilities	392M	451M	465M	502M	489M
Long-Term Debt	410M	934M	327M	423M	415M
Long-Term Leases	-	633M	748M	722M	702M
Pension & Other Post Retirement Benefits	30.59M	28.53M	32.53M	27.84M	27.13M
Deferred Tax Liability Non Current	44.12M	27.72M	98.63M	80.19M	74.26M
Other Non Current Liabilities	98.85M	52.08M	56.09M	27.66M	26.6M
Total Liabilities	977M	2.13B	1.73B	1.78B	1.73B
Common Stock, Total	241K	237K	235K	223K	221K
Additional Paid In Capital	49.73M	-	-	-	3.89M
Retained Earnings	562M	438M	663M	511M	480M
Comprehensive Income and Other	-6.91M	-20.35M	-	-	-
Total Common Equity	605M	418M	664M	511M	484M
Total Equity	605M	418M	664M	511M	484M
Total Liabilities And Equity	1.58B	2.54B	2.39B	2.29B	2.22B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	24.05M	23.7M	23.5M	22.16M	22.16M
ECS Total Common Shares Outstanding	24.05M	23.7M	23.5M	22.28M	22.15M
Book Value / Share	25.14	17.66	28.24	22.96	21.84
Tangible Book Value	605M	393M	638M	486M	456M
Tangible Book Value Per Share	25.14	16.57	27.14	21.79	20.57
Total Debt	410M	1.65B	1.13B	1.2B	1.16B
Net Debt	374M	1.22B	982M	1.15B	1.14B
Debt Equivalent Oper. Leases	627M	701M	887M	912M	932M
Equity Method Investments, Total	89.1M	-	-	-	-
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Finished Goods, Total	138M	125M	126M	196M	170M
Inventories - Others	17.32M	13.95M	12.59M	17.12M	19.76M
Land - (BS)	307M	306M	255M	255M	255M
Buildings, Total	882M	897M	776M	792M	808M
Machinery, Total	724M	749M	783M	817M	852M
Full Time Employees	73K	55K	70K	73K	77K
Assets under Capital Lease - Gross	3.29M	-	-	-	-

Fiscal Period: July	2019	2020	2021	2022	2023
Net Income	223M	-32.48M	255M	132M	99.05M
Depreciation & Amortization - CF	108M	118M	109M	104M	104M
Depreciation & Amortization, Total	108M	118M	109M	104M	104M
Amortization of Deferred Charges, Total - (CF)	-	-	864K	1.76M	1.73M
(Gain) Loss From Sale Of Asset	10.26M	-63.48M	-201M	18.37M	19.34M
Asset Writedown & Restructuring Costs	-	23.16M	-	-	11.69M
(Income) Loss On Equity Investments - (CF)	-	142M	-	-	-
Stock-Based Compensation (CF)	8.18M	6.39M	8.73M	8.2M	9.04M
Tax Benefit from Stock Options	-	-	-	-	-
Other Operating Activities, Total	-	63.44M	55.82M	58.5M	59.77M
Change In Accounts Receivable	-3.26M	3.12M	-7.02M	-2.04M	3.4M
Change In Inventories	1.3M	16.09M	771K	-74.93M	23.88M
Change In Accounts Payable	9.89M	-30.59M	31.67M	34.7M	-4.39M
Change in Unearned Revenues	5.44M	13.03M	-1.6M	458K	1.4M
Change In Income Taxes	-9.45M	-19.4M	7.73M	18.67M	389K
Change In Deferred Taxes	-4.17M	-11.94M	67.14M	-6.15M	-5.94M
Change in Other Net Operating Assets	13.67M	-66.96M	-24.39M	-87.73M	-73.4M
Cash from Operations	363M	161M	302M	205M	250M
Capital Expenditure	-138M	-297M	-71.41M	-98.34M	-127M
Sale of Property, Plant, and Equipment	151K	207M	150M	105K	1.07M
Cash Acquisitions	-	-32.97M	-1.5M	-1.5M	-
Investment in Marketable and Equity Securities, Total	-89.1M	-	-	-	-
Other Investing Activities, Total	-14.33M	-34.18M	1.28M	1.24M	1.6M
Cash from Investing	-242M	-157M	78.33M	-98.5M	-124M
Long-Term Debt Issued, Total	400M	801M	352M	230M	180M
Total Debt Issued	400M	801M	352M	230M	180M
Long-Term Debt Repaid, Total	-400M	-252M	-925M	-185M	-190M
Total Debt Repaid	-400M	-252M	-925M	-185M	-190M
Repurchase of Common Stock	-2.5M	-57.17M	-37.28M	-134M	-19.9M
Common Dividends Paid	-121M	-94.54M	-31.67M	-115M	-116M
Common & Preferred Stock Dividends Paid	-121M	-94.54M	-31.67M	-115M	-116M
Special Dividend Paid	-72.55M	-	-	-	-
Other Financing Activities, Total	-3.02M	-1.35M	-30.72M	-2.15M	-
Cash from Financing	-199M	396M	-673M	-206M	-146M
Net Change in Cash	-77.77M	400M	-292M	-99.49M	-19.96M
Supplemental Items
Cash Interest Paid	12.1M	20.27M	40.8M	7.7M	13.6M
Cash Income Tax Paid (Refund)	56.45M	5.67M	2.91M	25.95M	6.49M
Levered Free Cash Flow	158M	-176M	151M	74.57M	71.74M
Unlevered Free Cash Flow	168M	-162M	185M	78.83M	80.64M
Change In Net Working Capital	-14.29M	27.52M	-46.23M	30.23M	-9.96M
Net Debt Issued / Repaid	0	549M	-573M	44.88M	-10.12M

Fiscal Period: July	2019	2020	2021	2022	2023
Profitability
Return on Assets	11.37	1.86	3.77	4.08	3.73
Return on Total Capital	17.7	2.49	4.82	5.46	5.01
Return On Equity %	37.66	-6.35	47.04	22.45	19.9
Return on Common Equity	37.66	-6.35	47.04	22.45	19.9
Margin Analysis
Gross Profit Margin %	34.57	32.42	34.49	32.71	32.14
SG&A Margin	25.37	29.99	29.21	28.03	28.23
EBITDA Margin %	12.71	7.12	9.13	7.85	6.94
EBITA Margin %	9.21	2.43	5.28	4.68	3.91
EBIT Margin %	9.21	2.43	5.28	4.68	3.91
Income From Continuing Operations Margin %	7.27	-1.29	9.02	4.04	2.88
Net Income Margin %	7.27	-1.29	9.02	4.04	2.88
Net Avail. For Common Margin %	7.27	-1.29	9.02	4.04	2.88
Normalized Net Income Margin	5.42	-2.56	2.06	2.74	2.14
Levered Free Cash Flow Margin	5.15	-6.97	5.35	2.28	2.08
Unlevered Free Cash Flow Margin	5.48	-6.42	6.57	2.41	2.34
Asset Turnover
Asset Turnover	1.98	1.22	1.14	1.39	1.53
Fixed Assets Turnover	2.65	1.69	1.49	1.69	1.83
Receivables Turnover (Average Receivables)	145.41	117.57	118.73	109.62	109.83
Inventory Turnover (Average Inventory)	12.92	11.6	13.33	12.51	11.61
Short Term Liquidity
Current Ratio	0.62	1.43	0.76	0.63	0.58
Quick Ratio	0.18	1.08	0.42	0.16	0.12
Operating Cash Flow to Current Liabilities	0.92	0.36	0.65	0.41	0.51
Days Sales Outstanding (Average Receivables)	2.5	3.1	3.07	3.32	3.31
Days Outstanding Inventory (Average Inventory)	28.18	31.39	27.31	29.1	31.36
Average Days Payable Outstanding	23.07	25.4	23.51	24.42	26.39
Cash Conversion Cycle (Average Days)	7.62	9.09	6.87	8	8.28
Long Term Solvency
Total Debt/Equity	67.88	394.86	169.69	234.63	240.53
Total Debt / Total Capital	40.43	79.79	62.92	70.12	70.63
LT Debt/Equity	67.88	374.41	162.07	223.94	230.93
Long-Term Debt / Total Capital	40.43	75.66	60.09	66.92	67.82
Total Liabilities / Total Assets	61.76	83.56	72.25	77.71	78.19
EBIT / Interest Expense	17.15