Krispy Kreme, Inc.

DNUT

DNUTKrispy Kreme, Inc. US flag

NASDAQ Global Select

3.30

USD

-0.05

- -

568.92MMarket Cap

Income Statement (USD)

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	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Sales/Revenue/Turnover	796	959	1,122	1,384	1,530	1,686	1,665	1,523
+ Sales & Services Revenue	796	959	1,122	1,384	1,530	1,686	1,665	1,523
- Cost of Revenue	246	262	311	354	406	443	409	373
+ Cost of Goods & Services	246	262	311	354	406	443	409	373
Gross Profit	549	697	811	1,030	1,124	1,243	1,256	1,150
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	506	645	795	984	1,090	1,201	1,257	1,183
+ Selling, General & Admin	161	190	216	262	266	313	322	271
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	345	455	579	722	825	888	935	912
Operating Income (Loss)	43	53	16	47	33	42	-1	-33
- Non-Operating (Income) Loss	61	74	68	51	41	83	-21	511
+ Interest Expense, Net	47	60	57	43	34	50	60	66
+ Interest Expense	47	60	57	43	34	50	60	66
- Interest Income	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	14	14	10	8	7	33	-81	446
Pretax Income	-18	-21	-52	-4	-8	-41	20	-545
- Income Tax Expense (Benefit)	-5	13	9	11	1	-4	16	-21
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	-12	-34	-61	-15	-9	-37	4	-524
- Net Extraordinary Losses (Gains)	3	7	7	19	14	3	1	-16
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	3	7	7	19	14	3	1	-16
Income (Loss) Incl. MI	-16	-41	-68	-34	-22	-39	2	-508
- Minority Interest	-2	-3	-3	-10	-7	-1	-1	8
Net Income, GAAP	-14	-37	-64	-25	-16	-38	3	-516
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	-14	-37	-64	-25	-16	-38	3	-516
EBIT	43	53	16	47	33	42	-1	-33
EBITDA	93	116	96	148	143	168	133	104
EBITDA Margin (%)	11.63	12.12	8.58	10.71	9.38	9.97	7.97	6.82
EBITA	43	53	16	47	33	42	-1	-33
Gross Margin (%)	69.03	72.69	72.29	74.42	73.45	73.71	75.43	75.53
Operating Margin (%)	5.41	5.48	1.41	3.37	2.17	2.5	-0.05	-2.19
Profit Margin (%)	-1.77	-3.9	-5.73	-1.77	-1.02	-2.25	0.19	-33.87
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	0.19	0.02	- -	0.33	0.14	0.14	0.14	0.07
Depreciation Expense	49	64	80	102	110	126	134	137
Basic Weighted Avg Shares	160	160	160	148	167	168	169	171
Basic EPS, GAAP	-0.09	-0.23	-0.4	-0.17	-0.09	-0.23	0.02	-3.02
Basic EPS from Cont Ops	-0.08	-0.21	-0.38	-0.1	-0.05	-0.22	0.02	-3.06
Diluted Weighted Avg Shares	160	160	160	148	167	168	172	171
Diluted EPS, GAAP	-0.09	-0.23	-0.4	-0.17	-0.09	-0.23	0.02	-3.02
Diluted EPS from Cont Ops	-0.08	-0.21	-0.38	-0.1	-0.05	-0.22	0.02	-3.06

Balance Sheet (USD)

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	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Current Assets	- -	118	164	157	178	174	173	174
+ Cash, Cash Equivalents & STI	- -	37	39	39	35	38	29	42
+ Cash & Cash Equivalents	- -	35	37	39	35	38	29	42
+ ST Investments	- -	2	1	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	- -	48	74	62	69	75	84	72
+ Accounts Receivable, Net	- -	34	40	41	40	46	57	56
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	14	35	21	29	29	26	17
+ Inventories	- -	23	39	35	46	35	28	27
+ Raw Materials	- -	14	16	15	21	21	21	18
+ Work In Process	- -	- -	1	1	- -	- -	- -	- -
+ Finished Goods	- -	8	21	19	25	14	7	9
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	- -	10	13	21	27	26	32	33
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	- -	2,757	2,897	2,988	2,970	3,067	2,899	2,419
+ Property, Plant & Equip, Net	- -	709	795	874	890	995	921	856
+ Property, Plant & Equip	- -	836	1,009	1,139	1,211	1,401	1,367	1,404
- Accumulated Depreciation	- -	127	214	265	321	405	446	547
+ LT Investments & Receivables	- -	- -	- -	- -	- -	3	91	7
+ LT Investments	- -	- -	- -	- -	- -	3	91	7
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	- -	2,048	2,102	2,114	2,081	2,069	1,887	1,555
+ Total Intangible Assets	- -	2,035	2,085	2,098	2,054	2,048	1,868	1,510
+ Goodwill	- -	1,050	1,087	1,105	1,088	1,102	1,048	712
+ Other Intangible Assets	- -	985	998	993	966	946	820	798
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	- -	13	17	16	27	21	19	45
Total Assets	- -	2,875	3,061	3,145	3,149	3,241	3,072	2,593
+ Payables & Accruals	- -	289	411	439	433	421	383	327
+ Accounts Payable	- -	139	149	182	225	156	123	134
+ Accrued Taxes	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	- -	150	262	257	208	264	260	192
+ ST Debt	- -	93	87	87	83	105	103	117
+ ST Borrowings	- -	46	41	37	40	55	56	66
+ ST Finance Leases	- -	47	46	50	43	50	47	51
+ Other ST Liabilities	- -	- -	- -	- -	- -	- -	- -	14
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	- -	- -	- -	- -	- -	- -	- -	14
Total Current Liabilities	- -	382	498	526	516	526	486	457
+ LT Debt	- -	1,409	1,506	1,096	1,152	1,291	1,250	1,308
+ LT Borrowings	- -	1,054	1,130	680	739	837	845	912
+ LT Finance Leases	- -	355	376	415	413	455	405	396
+ Other LT Liabilities	- -	200	208	188	181	160	199	175
+ Accrued Liabilities	- -	153	145	145	143	124	131	96
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	- -	47	63	43	38	36	68	79
Total Noncurrent Liabilities	- -	1,609	1,715	1,283	1,333	1,451	1,449	1,483
Total Liabilities	- -	1,991	2,213	1,810	1,850	1,977	1,935	1,940
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	- -	835	847	1,417	1,428	1,445	1,468	1,475
+ Common Stock	- -	- -	1	2	2	2	2	2
+ Additional Paid in Capital	- -	835	845	1,415	1,426	1,444	1,467	1,474
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	- -	-78	-142	-178	-217	-279	-300	-821
+ Other Equity	- -	-6	-1	-2	-9	7	-32	-2
Equity Before Minority Interest	- -	735	685	1,232	1,196	1,170	1,135	650
+ Minority/Non Controlling Interest	- -	149	164	104	103	94	3	3
Total Equity	- -	883	848	1,336	1,299	1,264	1,137	653
Total Liabilities & Equity	- -	2,875	3,061	3,145	3,149	3,241	3,072	2,593
Shares Outstanding	- -	161	161	167	168	169	170	172
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	402	422	466	456	505	452	447
Net Debt	- -	1,065	1,134	678	744	853	872	935
Net Debt to Equity	- -	120.54	133.69	50.79	57.26	67.5	76.68	143.3
Tangible Common Equity Ratio	- -	-137.02	-126.6	-72.77	-68.99	-65.8	-60.64	-79.16
Current Ratio	- -	0.31	0.33	0.3	0.35	0.33	0.36	0.38
Cash Conversion Cycle	- -	-66.76	-112.6	-123.79	-131.9	-118.74	-87.49	-86.15

Cash Flow Statement (USD)

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	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
+ Net Income	-12	-34	-61	-15	-9	-37	4	-524
+ Depreciation & Amortization	49	64	80	102	110	126	134	137
+ Non-Cash Items	9	54	20	21	28	33	-57	425
+ Stock-Based Compensation	9	11	12	23	18	24	35	13
+ Deferred Income Taxes	-18	8	- -	-3	-14	-18	3	-36
+ Asset Impairment Charge	3	3	5	8	19	36	7	439
+ Other Non-Cash Adj	14	31	3	-6	5	-9	-102	9
+ Chg in Non-Cash Work Cap	103	-3	-10	33	10	-77	-35	-4
+ (Inc) Dec in Accts Receiv	-1	-1	-12	-4	-9	-4	-14	5
+ (Inc) Dec in Inventories	4	-3	-15	- -	-13	1	-2	-20
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	91	-10	13	30	32	-74	-20	15
+ Inc (Dec) in Other	9	12	4	7	- -	1	1	-5
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	148	81	29	141	140	46	46	34
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	79	- -	- -	11	8	10	6	11
+ Disp of Fixed Prod Assets	79	- -	- -	11	8	10	6	11
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-244	-227	-173	-166	-112	-121	-121	-98
+ Acq of Fixed Prod Assets	-43	-76	-98	-119	-112	-121	-121	-98
+ Acq of Intangible Assets	-201	-150	-75	-46	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	- -	- -	- -	509	-4	-1	-5	-1
+ Increase in Capital Stock	- -	- -	- -	648	- -	1	1	- -
+ Decrease in Capital Stock	- -	- -	- -	-139	-4	-2	-5	-1
+ Net Change in LT Investment	- -	-1	1	1	- -	- -	- -	- -
+ Dec in LT Investment	- -	- -	1	1	- -	- -	- -	- -
+ Inc in LT Investment	-1	-1	- -	- -	- -	- -	- -	- -
+ Net Cash From Acq & Div	-341	-150	-75	-46	-18	-1	89	72
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	124	75
+ Cash for Acq of Subs	-341	-150	-75	-46	-18	-1	-35	-3
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	202	151	78	47	- -	- -	45	3
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-303	-227	-168	-153	-121	-113	19	-12
+ Dividends Paid	-30	-3	- -	-48	-23	-24	-24	-12
+ Net Cash From Debt	105	89	63	-452	48	91	-37	50
+ Cash From Debt	255	804	288	695	149	1,176	676	779
+ Repayments of Debt	-151	-715	-226	-1,147	-101	-1,084	-713	-729
+ Other Financing Activities	92	42	77	8	-37	5	-9	-44
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	166	129	139	16	-17	72	-74	-8
Effect of Foreign Exchange Rates	- -	-1	2	-2	-5	-2	- -	- -
Net Changes in Cash	11	-17	- -	4	2	5	-9	14
EBITDA	93	116	96	148	143	168	133	104
EBITDA Margin (%)	11.63	12.12	8.58	10.71	9.38	9.97	7.97	6.82
Free Cash Flow	-95	-146	-144	-25	28	-76	-75	-64
Net Cash Paid for Acquisitions	341	150	75	46	18	1	-89	-72
Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	-63	- -
Free Cash Flow to Equity	- -	94	-7	-419	84	25	-105	-3
Free Cash Flow per Basic Share	-0.6	-0.91	-0.9	-0.17	0.17	-0.45	-0.44	-0.37
Price/Free Cash Flow	- -	- -	- -	9.1	6.87	15.21	10.22	5.21
Cash Flow to Net Income	-10.54	-2.16	-0.45	-5.76	-8.95	-1.2	14.81	-0.07
Capital Expenditures	-244	-227	-173	-166	-112	-121	-121	-98