$KRUS
KURA SUSHI USA, INC.

2022 Q1 Form 10-Q Financial Statement

#000156459022013859 Filed on April 07, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $31.29M $9.080M
YoY Change 244.6% -53.17%
Cost Of Revenue $25.33M $8.290M
YoY Change 205.54% -45.35%
Gross Profit $5.961M $790.0K
YoY Change 654.56% -81.28%
Gross Profit Margin 19.05% 8.7%
Selling, General & Admin $7.756M $4.500M
YoY Change 72.36% 1.81%
% of Gross Profit 130.11% 569.62%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.400M $1.100M
YoY Change 27.27% 57.14%
% of Gross Profit 23.49% 139.24%
Operating Expenses $33.17M $4.590M
YoY Change 622.61% -76.62%
Operating Profit -$1.878M -$3.800M
YoY Change -50.58% 1483.33%
Interest Expense $22.00K -$50.00K
YoY Change -144.0% -251.52%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$1.876M -$3.850M
YoY Change -51.27% 3637.86%
Income Tax $3.000K $29.00K
% Of Pretax Income
Net Earnings -$1.879M -$3.881M
YoY Change -51.58% 2818.05%
Net Earnings / Revenue -6.01% -42.74%
Basic Earnings Per Share -$0.19
Diluted Earnings Per Share -$0.19 -$463.0K
COMMON SHARES
Basic Shares Outstanding 9.712K
Diluted Shares Outstanding 9.712K

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $36.35M $1.700M
YoY Change 2038.24% -94.33%
Cash & Equivalents $36.35M $2.271M
Short-Term Investments
Other Short-Term Assets $176.0K $416.0K
YoY Change -57.69% -75.53%
Inventory $880.0K $400.0K
Prepaid Expenses $2.046M $1.083M
Receivables $2.508M $2.500M
Other Receivables $25.00K $200.0K
Total Short-Term Assets $46.04M $11.30M
YoY Change 307.44% -66.27%
LONG-TERM ASSETS
Property, Plant & Equipment $62.87M $105.1M
YoY Change -40.18% 18.22%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $2.799M $2.000M
YoY Change 39.95% -23.08%
Total Long-Term Assets $138.0M $107.1M
YoY Change 28.86% 17.05%
TOTAL ASSETS
Total Short-Term Assets $46.04M $11.30M
Total Long-Term Assets $138.0M $107.1M
Total Assets $184.0M $118.4M
YoY Change 55.45% -5.28%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.770M $3.000M
YoY Change 59.0% 15.38%
Accrued Expenses $15.12M $8.400M
YoY Change 80.02% 10.53%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $768.0K $1.000M
YoY Change -23.2% 0.0%
Total Short-Term Liabilities $20.76M $13.40M
YoY Change 54.91% 16.52%
LONG-TERM LIABILITIES
Long-Term Debt $221.0K $12.90M
YoY Change -98.29% 545.0%
Other Long-Term Liabilities $74.45M $55.70M
YoY Change 33.66% 17360.82%
Total Long-Term Liabilities $74.67M $68.60M
YoY Change 8.84% 21404.7%
TOTAL LIABILITIES
Total Short-Term Liabilities $20.76M $13.40M
Total Long-Term Liabilities $74.67M $68.60M
Total Liabilities $95.43M $82.00M
YoY Change 16.37% 28.42%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $88.62M $36.42M
YoY Change
Total Liabilities & Shareholders Equity $184.0M $118.4M
YoY Change 55.45% -5.3%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income -$1.879M -$3.881M
YoY Change -51.58% 2818.05%
Depreciation, Depletion And Amortization $1.400M $1.100M
YoY Change 27.27% 57.14%
Cash From Operating Activities -$854.0K -$6.200M
YoY Change -86.23% -588.19%
INVESTING ACTIVITIES
Capital Expenditures -$6.737M -$3.280M
YoY Change 105.4% -15.68%
Acquisitions
YoY Change
Other Investing Activities -$90.00K
YoY Change
Cash From Investing Activities -$6.827M -$3.280M
YoY Change 108.14% -19.21%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -390.0K 9.010M
YoY Change -104.33% -3854.17%
NET CHANGE
Cash From Operating Activities -854.0K -6.200M
Cash From Investing Activities -6.827M -3.280M
Cash From Financing Activities -390.0K 9.010M
Net Change In Cash -8.071M -470.0K
YoY Change 1617.23% -84.49%
FREE CASH FLOW
Cash From Operating Activities -$854.0K -$6.200M
Capital Expenditures -$6.737M -$3.280M
Free Cash Flow $5.883M -$2.920M
YoY Change -301.47% -156.59%

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