$PTLO
Portillo's Inc.

2023 Q3 Form 10-Q Financial Statement

#000187150923000099 Filed on August 03, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $166.8M $169.2M
YoY Change 10.38% 12.32%
Cost Of Revenue $55.60M $56.23M
YoY Change 4.17% 8.6%
Gross Profit $111.3M $113.0M
YoY Change 13.87% 14.27%
Gross Profit Margin 66.72% 66.76%
Selling, General & Admin $69.70M $71.00M
YoY Change 7.5% 16.92%
% of Gross Profit 62.62% 62.86%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $6.178M $5.940M
YoY Change 16.81% 11.89%
% of Gross Profit 5.55% 5.26%
Operating Expenses $96.50M $95.57M
YoY Change 10.34% 17.14%
Operating Profit $15.10M $17.38M
YoY Change 42.61% -0.34%
Interest Expense -$6.100M -$6.142M
YoY Change -8.7% 5.5%
% of Operating Profit -40.41% -35.34%
Other Income/Expense, Net $500.0K $579.0K
YoY Change -29.38% -66.99%
Pretax Income $9.168M $11.44M
YoY Change 118.08% -12.65%
Income Tax $2.622M $1.542M
% Of Pretax Income 28.6% 13.48%
Net Earnings $4.361M $6.788M
YoY Change 173.93% 32.81%
Net Earnings / Revenue 2.61% 4.01%
Basic Earnings Per Share $0.08 $0.12
Diluted Earnings Per Share $0.07 $0.12
COMMON SHARES
Basic Shares Outstanding 55.10M shares 55.00M shares
Diluted Shares Outstanding 58.77M shares 58.55M shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $12.90M $22.46M
YoY Change -72.39% -54.84%
Cash & Equivalents $12.95M $22.46M
Short-Term Investments
Other Short-Term Assets $4.800M $5.139M
YoY Change 15.11% 1.12%
Inventory $6.418M $6.493M
Prepaid Expenses $4.798M $5.139M
Receivables $14.96M $11.50M
Other Receivables $0.00 $0.00
Total Short-Term Assets $39.13M $45.59M
YoY Change -39.75% -34.2%
LONG-TERM ASSETS
Property, Plant & Equipment $274.6M $429.9M
YoY Change 29.69% 121.81%
Goodwill $394.3M $394.3M
YoY Change 0.0% 0.0%
Intangibles $253.6M $254.3M
YoY Change -1.49% -1.51%
Long-Term Investments $16.54M $16.37M
YoY Change 1.83% 1.8%
Other Assets $852.6M $191.1M
YoY Change 8.28% -74.35%
Total Long-Term Assets $1.319B $1.286B
YoY Change 31.99% 37.0%
TOTAL ASSETS
Total Short-Term Assets $39.13M $45.59M
Total Long-Term Assets $1.319B $1.286B
Total Assets $1.358B $1.331B
YoY Change 27.61% 32.11%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $33.48M $24.15M
YoY Change 22.01% 18.47%
Accrued Expenses $33.36M $36.38M
YoY Change 43.38% 44.79%
Deferred Revenue $4.094M $4.696M
YoY Change 1.51% 1.01%
Short-Term Debt $0.00 $10.00M
YoY Change
Long-Term Debt Due $7.500M $7.500M
YoY Change 125.63% 125.63%
Total Short-Term Liabilities $90.01M $89.03M
YoY Change 55.01% 66.47%
LONG-TERM LIABILITIES
Long-Term Debt $287.5M $289.2M
YoY Change -8.82% -8.32%
Other Long-Term Liabilities $2.973M $516.8M
YoY Change -20.61% 13500.95%
Total Long-Term Liabilities $820.1M $806.0M
YoY Change 45.96% 57.85%
TOTAL LIABILITIES
Total Short-Term Liabilities $90.01M $89.03M
Total Long-Term Liabilities $820.1M $806.0M
Total Liabilities $910.1M $1.028B
YoY Change 46.8% 82.22%
SHAREHOLDERS EQUITY
Retained Earnings $5.823M $1.462M
YoY Change -164.32% -113.73%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $311.9M $303.6M
YoY Change
Total Liabilities & Shareholders Equity $1.358B $1.331B
YoY Change 27.61% 32.11%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income $4.361M $6.788M
YoY Change 173.93% 32.81%
Depreciation, Depletion And Amortization $6.178M $5.940M
YoY Change 16.81% 11.89%
Cash From Operating Activities $22.26M $24.82M
YoY Change 63.56% 1.07%
INVESTING ACTIVITIES
Capital Expenditures $20.30M $17.14M
YoY Change -226.31% -323.77%
Acquisitions
YoY Change
Other Investing Activities $50.00K $7.000K
YoY Change 257.14% -76.67%
Cash From Investing Activities -$20.25M -$17.14M
YoY Change 26.11% 124.56%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -11.52M 159.0K
YoY Change 1957.14% -74.35%
NET CHANGE
Cash From Operating Activities 22.26M 24.82M
Cash From Investing Activities -20.25M -17.14M
Cash From Financing Activities -11.52M 159.0K
Net Change In Cash -9.510M 7.846M
YoY Change 216.16% -55.29%
FREE CASH FLOW
Cash From Operating Activities $22.26M $24.82M
Capital Expenditures $20.30M $17.14M
Free Cash Flow $1.960M $7.680M
YoY Change -93.4% -76.16%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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us-gaap Fiscal Period
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<div><span style="color:#d22630;font-family:'Arial Narrow',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Fiscal Year </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Arial Narrow',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company uses a 52- or 53-week fiscal year ending on the Sunday prior to or on December 31. In a 52-week fiscal year, each quarterly period is comprised of 13 weeks. The additional week in a 53-week fiscal year is added to the fourth quarter. Fiscal 2023 and 2022 consist of 53 and 52 weeks, respectively. The fiscal periods presented in this report are the quarters and two quarters ended June 25, 2023 and June 26, 2022, respectively.</span></div>
us-gaap Use Of Estimates
UseOfEstimates
Use of EstimatesThe preparation of these condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of sales and expenses during the period. Actual results could differ from those estimates.
CY2023Q2 ptlo Deferred Revenue Gift Card Sales That Will Not Be Redeemed Percent
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ptlo Gift Card Breakage
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CY2023Q2 us-gaap Property Plant And Equipment Net
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250443000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
227036000 usd
CY2023Q2 us-gaap Depreciation
Depreciation
5200000 usd
us-gaap Depreciation
Depreciation
10200000 usd
CY2022Q2 us-gaap Depreciation
Depreciation
4500000 usd
us-gaap Depreciation
Depreciation
8900000 usd
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CY2023Q2 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
223925000 usd
CY2023Q2 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
223925000 usd
CY2023Q2 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
280042000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
25761000 usd
CY2023Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
254281000 usd
CY2022Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
223925000 usd
CY2022Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
323832000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
66965000 usd
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
255725000 usd
CY2022Q2 us-gaap Adjustment For Amortization
AdjustmentForAmortization
800000 usd
us-gaap Adjustment For Amortization
AdjustmentForAmortization
1600000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
1445000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
2813000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
2707000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
2707000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
2707000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
2707000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
15270000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
30356000 usd
CY2022Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
CY2023Q2 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
3332000 usd
CY2022Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
3848000 usd
CY2023Q2 us-gaap Long Term Debt
LongTermDebt
306668000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
318580000 usd
CY2023Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
289168000 usd
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
314425000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
300000 usd
CY2022Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
500000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
900000 usd
CY2023Q2 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
200000 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
300000 usd
CY2022Q2 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
100000 usd
CY2023Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
6500000 usd
us-gaap Interest Expense Debt
InterestExpenseDebt
14000000 usd
CY2022Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
6100000 usd
CY2023Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
179449000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
166808000 usd
CY2023Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
179449000 usd
CY2023Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
5053000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
4849000 usd
CY2023Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
217989000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
200166000 usd
CY2023Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
223042000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
205015000 usd
CY2023Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
7007000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
13835000 usd
CY2023Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
180000 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
332000 usd
CY2023Q2 us-gaap Variable Lease Cost
VariableLeaseCost
1028000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
2022000 usd
CY2023Q2 us-gaap Lease Cost
LeaseCost
8215000 usd
us-gaap Lease Cost
LeaseCost
16189000 usd
CY2023Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P25Y4M24D
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P25Y
CY2023Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.098
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.098
CY2023Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
5808000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
11581000 usd
CY2023Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
7834000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
15097000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
11987000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
24548000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
24558000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
24638000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
23933000 usd
CY2023Q2 ptlo Lessee Operating Lease Liability To Be Paid Due After Year Four
LesseeOperatingLeaseLiabilityToBePaidDueAfterYearFour
583994000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
693658000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
470616000 usd
CY2023Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
223042000 usd
ptlo Lessee Operating Lease Lease Not Yet Commenced Option To Extend Reasonably Certain Amount
LesseeOperatingLeaseLeaseNotYetCommencedOptionToExtendReasonablyCertainAmount
398700000 usd
CY2023Q2 ptlo Lessee Operating Lease Lease Not Yet Commenced Option To Extend Amount
LesseeOperatingLeaseLeaseNotYetCommencedOptionToExtendAmount
53100000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
6788000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
5111000 usd
us-gaap Net Income Loss
NetIncomeLoss
6274000 usd
CY2023Q2 ptlo Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Shares Issued For Equity Based Compensation Plans
ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesSharesIssuedForEquityBasedCompensationPlans
577000 usd
CY2022Q2 ptlo Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Shares Issued For Equity Based Compensation Plans
ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesSharesIssuedForEquityBasedCompensationPlans
1447000 usd
ptlo Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Shares Issued For Equity Based Compensation Plans
ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesSharesIssuedForEquityBasedCompensationPlans
1288000 usd
CY2023Q2 us-gaap Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Issuance Of Equity By Subsidiary To Noncontrolling Interests
ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesIssuanceOfEquityBySubsidiaryToNoncontrollingInterests
4109000 usd
CY2022Q2 us-gaap Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Issuance Of Equity By Subsidiary To Noncontrolling Interests
ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesIssuanceOfEquityBySubsidiaryToNoncontrollingInterests
722000 usd
us-gaap Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Issuance Of Equity By Subsidiary To Noncontrolling Interests
ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesIssuanceOfEquityBySubsidiaryToNoncontrollingInterests
47845000 usd
CY2023Q2 us-gaap Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Repurchase Of Shares By Subsidiary
ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesRepurchaseOfSharesBySubsidiary
5000 usd
CY2022Q2 us-gaap Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Repurchase Of Shares By Subsidiary
ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesRepurchaseOfSharesBySubsidiary
0 usd
us-gaap Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Repurchase Of Shares By Subsidiary
ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesRepurchaseOfSharesBySubsidiary
64000 usd
CY2023Q2 ptlo Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Changes In Tax Basis
ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesChangesInTaxBasis
1189000 usd
CY2022Q2 ptlo Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Changes In Tax Basis
ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesChangesInTaxBasis
0 usd
ptlo Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Changes In Tax Basis
ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesChangesInTaxBasis
13682000 usd
CY2023Q2 us-gaap Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Change Due To Net Income Attributable To Parent And Effects Of Changes Net
ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangeDueToNetIncomeAttributableToParentAndEffectsOfChangesNet
10280000 usd
CY2022Q2 us-gaap Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Change Due To Net Income Attributable To Parent And Effects Of Changes Net
ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangeDueToNetIncomeAttributableToParentAndEffectsOfChangesNet
7280000 usd
us-gaap Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Change Due To Net Income Attributable To Parent And Effects Of Changes Net
ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangeDueToNetIncomeAttributableToParentAndEffectsOfChangesNet
41661000 usd
CY2023Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4184000 usd
CY2022Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3865000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7720000 usd
CY2023Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.135
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.102
CY2022Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.179
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.181
CY2023Q1 ptlo Deferred Tax Assets Tax Receivable Agreement
DeferredTaxAssetsTaxReceivableAgreement
37500000 usd
CY2023Q1 ptlo Tax Receivable Agreement Liability Increase Decrease
TaxReceivableAgreementLiabilityIncreaseDecrease
51200000 usd
CY2023Q2 ptlo Tax Receivable Agreement Liability
TaxReceivableAgreementLiability
302000000 usd
ptlo Tax Receivable Agreement Amount Paid
TaxReceivableAgreementAmountPaid
800000 usd
CY2022Q2 ptlo Tax Receivable Agreement Amount Paid
TaxReceivableAgreementAmountPaid
0 usd
ptlo Tax Receivable Agreement Amount Paid
TaxReceivableAgreementAmountPaid
0 usd
CY2023Q2 ptlo Tax Receivable Agreement Amount Paid
TaxReceivableAgreementAmountPaid
0 usd
CY2023Q2 ptlo Tax Receivable Agreement Liability Current
TaxReceivableAgreementLiabilityCurrent
6300000 usd
CY2023Q2 us-gaap Profit Loss
ProfitLoss
9898000 usd
CY2022Q2 us-gaap Profit Loss
ProfitLoss
10756000 usd
us-gaap Profit Loss
ProfitLoss
8625000 usd
us-gaap Profit Loss
ProfitLoss
11306000 usd
CY2023Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
3110000 usd
CY2022Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
5645000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
2351000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
6001000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
6788000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
5111000 usd
us-gaap Net Income Loss
NetIncomeLoss
6274000 usd
us-gaap Net Income Loss
NetIncomeLoss
5305000 usd
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
54965000 shares
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
35991000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
52252000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
35899000 shares
CY2023Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
3585000 shares
CY2022Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
3696000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
3554000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
3940000 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
58550000 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
39687000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
55806000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
39839000 shares
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.12
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.14
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.12
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.15
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.12
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.13
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.11
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.13
CY2023Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1829000 shares
CY2022Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1822000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1821000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1812000 shares
CY2021Q4 ptlo Tax Receivable Agreement Tax Payable Percent Of Tax Savings
TaxReceivableAgreementTaxPayablePercentOfTaxSavings
0.85
ptlo Tax Receivable Agreement Amount Paid
TaxReceivableAgreementAmountPaid
800000 usd
CY2022Q2 ptlo Tax Receivable Agreement Amount Paid
TaxReceivableAgreementAmountPaid
0 usd
ptlo Tax Receivable Agreement Amount Paid
TaxReceivableAgreementAmountPaid
0 usd
CY2023Q2 ptlo Tax Receivable Agreement Amount Paid
TaxReceivableAgreementAmountPaid
0 usd
CY2023Q2 ptlo Tax Receivable Agreement Liability Current
TaxReceivableAgreementLiabilityCurrent
6309000 usd
CY2022Q4 ptlo Tax Receivable Agreement Liability Current
TaxReceivableAgreementLiabilityCurrent
813000 usd
CY2023Q2 ptlo Tax Receivable Agreement Liability Noncurrent
TaxReceivableAgreementLiabilityNoncurrent
295696000 usd
CY2022Q4 ptlo Tax Receivable Agreement Liability Noncurrent
TaxReceivableAgreementLiabilityNoncurrent
252003000 usd
CY2023Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2023Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2023Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false

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exhibit31162523.htm Edgar Link pending
exhibit31262523.htm Edgar Link pending
exhibit32162523.htm Edgar Link pending
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