2024 Q3 Form 10-Q Financial Statement

#000162828024035863 Filed on August 08, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $506.8M $507.9M
YoY Change -3.06% -1.29%
Cost Of Revenue $355.2M $347.4M
YoY Change -2.63% -2.03%
Gross Profit $151.6M $160.5M
YoY Change -4.06% 0.35%
Gross Profit Margin 29.91% 31.6%
Selling, General & Admin $49.49M $47.59M
YoY Change -2.97% -2.92%
% of Gross Profit 32.65% 29.65%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $17.26M $17.59M
YoY Change 5.22% 12.14%
% of Gross Profit 11.39% 10.96%
Operating Expenses $122.3M $122.1M
YoY Change -2.09% -1.27%
Operating Profit $65.23M $28.23M
YoY Change 104.68% -22.07%
Interest Expense -$10.63M -$10.90M
YoY Change -6.58% -3.36%
% of Operating Profit -16.29% -38.6%
Other Income/Expense, Net
YoY Change
Pretax Income $54.60M $17.33M
YoY Change 166.34% -26.68%
Income Tax $12.81M $4.794M
% Of Pretax Income 23.47% 27.66%
Net Earnings $41.81M $12.24M
YoY Change 163.59% -31.1%
Net Earnings / Revenue 8.25% 2.41%
Basic Earnings Per Share $1.28 $0.37
Diluted Earnings Per Share $1.27 $0.37
COMMON SHARES
Basic Shares Outstanding 32.63M shares 32.97M shares
Diluted Shares Outstanding 32.93M shares 32.85M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $17.55M $24.31M
YoY Change -53.2% -44.47%
Cash & Equivalents $17.55M $24.31M
Short-Term Investments
Other Short-Term Assets $38.47M $50.77M
YoY Change -30.43% -14.7%
Inventory $36.49M $37.66M
Prepaid Expenses
Receivables $101.8M $93.46M
Other Receivables $8.142M $7.352M
Total Short-Term Assets $215.9M $225.7M
YoY Change -12.45% -6.72%
LONG-TERM ASSETS
Property, Plant & Equipment $266.5M $265.7M
YoY Change -0.59% -43.51%
Goodwill $76.46M $75.55M
YoY Change 0.59% -1.4%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $77.98M $78.40M
YoY Change 9.68% 13.88%
Total Long-Term Assets $645.0M $612.7M
YoY Change 2.22% -3.0%
TOTAL ASSETS
Total Short-Term Assets $215.9M $225.7M
Total Long-Term Assets $645.0M $612.7M
Total Assets $860.9M $838.4M
YoY Change -1.9% -4.03%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $62.80M $63.73M
YoY Change -7.67% 15.14%
Accrued Expenses $165.3M $174.5M
YoY Change -8.01% -7.64%
Deferred Revenue $19.65M $19.94M
YoY Change 0.41% 1.81%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $5.650M $2.375M
YoY Change -61.8% -90.39%
Total Short-Term Liabilities $270.5M $275.2M
YoY Change -10.23% -7.27%
LONG-TERM LIABILITIES
Long-Term Debt $721.4M $758.9M
YoY Change -6.22% -4.58%
Other Long-Term Liabilities $64.88M $63.55M
YoY Change -0.93% -74.17%
Total Long-Term Liabilities $786.2M $822.4M
YoY Change -5.81% -21.02%
TOTAL LIABILITIES
Total Short-Term Liabilities $270.5M $275.2M
Total Long-Term Liabilities $786.2M $822.4M
Total Liabilities $1.276B $1.284B
YoY Change -4.56% -5.25%
SHAREHOLDERS EQUITY
Retained Earnings $242.3M $215.8M
YoY Change 16.4% 4.02%
Common Stock $493.0K $493.0K
YoY Change 0.2% 0.2%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$430.9M -$461.7M
YoY Change
Total Liabilities & Shareholders Equity $860.9M $838.4M
YoY Change -1.9% -4.03%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $41.81M $12.24M
YoY Change 163.59% -31.1%
Depreciation, Depletion And Amortization $17.26M $17.59M
YoY Change 5.22% 12.14%
Cash From Operating Activities $13.93M $29.97M
YoY Change -58.05% -43.4%
INVESTING ACTIVITIES
Capital Expenditures $17.78M $16.10M
YoY Change 10.41% -1.54%
Acquisitions
YoY Change
Other Investing Activities $49.07M $2.408M
YoY Change -960.79% -318.31%
Cash From Investing Activities $31.29M -$13.69M
YoY Change -242.22% -21.56%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -52.16M -19.83M
YoY Change 198.03% -48.38%
NET CHANGE
Cash From Operating Activities 13.93M 29.97M
Cash From Investing Activities 31.29M -13.69M
Cash From Financing Activities -52.16M -19.83M
Net Change In Cash -6.940M -3.545M
YoY Change 10.16% 21.7%
FREE CASH FLOW
Cash From Operating Activities $13.93M $29.97M
Capital Expenditures $17.78M $16.10M
Free Cash Flow -$3.849M $13.87M
YoY Change -122.51% -62.09%

Facts In Submission

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us-gaap Treasury Stock Value Acquired Cost Method
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us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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pzza Minority Interest Decrease From Distributions To Noncontrolling Interest Holders Including Nonredeemable Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHoldersIncludingNonredeemableNoncontrollingInterestHolders
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us-gaap Stockholders Equity Other
StockholdersEquityOther
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CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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pzza Transaction Costs On Share Repurchases
TransactionCostsOnShareRepurchases
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us-gaap Profit Loss
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us-gaap Profit Loss
ProfitLoss
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us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
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us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
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us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
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us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
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us-gaap Asset Impairment Charges
AssetImpairmentCharges
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us-gaap Asset Impairment Charges
AssetImpairmentCharges
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us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
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us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
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us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
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OtherNoncashIncomeExpense
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us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
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us-gaap Increase Decrease In Income Taxes Receivable
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us-gaap Increase Decrease In Income Taxes Receivable
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us-gaap Increase Decrease In Inventories
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us-gaap Increase Decrease In Inventories
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
5788000 usd
us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
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us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
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us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
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us-gaap Increase Decrease In Accrued Taxes Payable
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us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
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us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
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us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
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pzza Increase Decrease In Contract Liabilities
IncreaseDecreaseInContractLiabilities
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pzza Increase Decrease In Contract Liabilities
IncreaseDecreaseInContractLiabilities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
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us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
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us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
1794000 usd
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
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CY2024Q2 us-gaap Sublease Income
SubleaseIncome
2100000 usd
us-gaap Sublease Income
SubleaseIncome
4400000 usd
CY2023Q2 us-gaap Sublease Income
SubleaseIncome
2700000 usd
us-gaap Sublease Income
SubleaseIncome
5600000 usd
CY2024Q2 pzza Contingent Liability Number Of Leases
ContingentLiabilityNumberOfLeases
47 lease
CY2024Q2 pzza Contingent Liability Assumed In Sale Of Business
ContingentLiabilityAssumedInSaleOfBusiness
6600000 usd
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
759000 usd
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
702000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
4796000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
3669000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
19710000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
18738000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
2988000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
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us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
14343000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
12128000 usd
pzza Proceeds From Subleases
ProceedsFromSubleases
3355000 usd
pzza Proceeds From Subleases
ProceedsFromSubleases
5278000 usd
CY2024Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
8200000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
16300000 usd
CY2023Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
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us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
16300000 usd
CY2024Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
38952000 usd
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
40793000 usd
pzza Contract With Customer Liability Increase Decrease
ContractWithCustomerLiabilityIncreaseDecrease
-1841000 usd
CY2024Q2 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
12200000 usd
CY2023Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
7900000 usd
CY2024Q2 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
1400000 usd
us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
2600000 usd
CY2023Q2 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
900000 usd
us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
1800000 usd
CY2024Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000.0 shares
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
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CY2024Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
32600000 shares
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
32500000 shares
CY2023Q2 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
0 shares
CY2023Q2 pzza Treasury Stock Value Acquired Cost Method Excluding Transaction Costs
TreasuryStockValueAcquiredCostMethodExcludingTransactionCosts
0 usd
CY2023Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
90160000 usd
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
0 shares
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
0
pzza Treasury Stock Value Acquired Cost Method Excluding Transaction Costs
TreasuryStockValueAcquiredCostMethodExcludingTransactionCosts
0 usd
CY2024Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
90160000 usd
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
2523000 shares
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
83.10
pzza Treasury Stock Value Acquired Cost Method Excluding Transaction Costs
TreasuryStockValueAcquiredCostMethodExcludingTransactionCosts
209640000 usd
pzza Transaction Costs On Share Repurchases
TransactionCostsOnShareRepurchases
2800000 usd
pzza Transaction Costs On Share Repurchases Incurred But Not Yet Paid
TransactionCostsOnShareRepurchasesIncurredButNotYetPaid
2100000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
30200000 usd
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.92
CY2024Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
12243000 usd
CY2024Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
12243000 usd
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
17768000 usd
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
17768000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
26879000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
26879000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
40144000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
40144000 usd
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
32730000 shares
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
32563000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
32688000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
33359000 shares
CY2024Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
123000 shares
CY2023Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
87000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
183000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
128000 shares
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
32853000 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
32650000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
32871000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
33487000 shares
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.37
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.55
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.82
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.20
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.37
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.54
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.82
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.20
CY2024Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
377000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
207000 shares
CY2023Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
103000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
49000 shares
CY2024Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
767024000 usd
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
764000000 usd
CY2024Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
5788000 usd
CY2023Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
6578000 usd
CY2024Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
2375000 usd
CY2023Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
0 usd
CY2024Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
758861000 usd
CY2023Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
757422000 usd
CY2024Q2 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-10896000 usd
CY2023Q2 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-11275000 usd
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-21959000 usd
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
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CY2024Q2 us-gaap Interest Paid Net
InterestPaidNet
5800000 usd
us-gaap Interest Paid Net
InterestPaidNet
20400000 usd
CY2023Q2 us-gaap Interest Paid Net
InterestPaidNet
5700000 usd
us-gaap Interest Paid Net
InterestPaidNet
16600000 usd
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
4 segment
CY2024Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
507894000 usd
CY2023Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
34912000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
61944000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
72708000 usd
CY2024Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
551830000 usd
CY2024Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
265693000 usd
CY2024Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
507894000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1041579000 usd
CY2024Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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Financial_Report.xlsx Edgar Link pending
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pzza-20240630_def.xml Edgar Link unprocessable