What was the amount of capital in excess of par value for Del Taco on January 19, 2025?
Del_Taco Franchise · 2025 FDDAnswer from 2025 FDD Document
PART I. FINANCIAL INFORMATION
ITEM 1. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
JACK IN THE BOX INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands, except share and per share data) (Unaudited)
| January 19, 2025 | September 29, 2024 | ||
|---|---|---|---|
| ASSETS | |||
| Current assets: | |||
| Cash | $ 74,978 | $ | 24,745 |
| Restricted cash | 29,655 | 29,422 | |
| Accounts and other receivables, net | 68,081 | 83,567 | |
| Inventories | 3,856 | 3,922 | |
| Prepaid expenses | 8,130 | 13,126 | |
| Assets held for sale | 12,432 | 16,493 | |
| Other current assets | 16,854 | 10,002 | |
| Total current assets | 213,986 | 181,277 | |
| Property and equipment: | |||
| Property and equipment, at cost | 1,293,448 | 1,278,530 | |
| Less accumulated depreciation and amortization | (856,923) | (848,491) | |
| Property and equipment, net | 436,525 | 430,039 | |
| Other assets: | |||
| Operating lease right-of-use assets | 1,416,958 | 1,410,083 | |
| Intangible assets, net | 10,270 | 10,515 | |
| Trademarks | 283,500 | 283,500 | |
| Goodwill | 161,344 | 161,209 | |
| Other assets, net | 251,321 | 259,006 | |
| Total other assets | 2,123,393 | 2,124,313 | |
| $ 2,773,904 | $ | 2,735,629 | |
| LIABILITIES AND STOCKHOLDERS' DEFICIT | |||
| Current liabilities: | |||
| Current maturities of long-term debt | $ 29,725 | $ | 35,880 |
| Current operating lease liabilities | 159,219 | 162,017 | |
| Accounts payable | 69,394 | 69,494 | |
| Accrued liabilities | 168,359 | 166,868 | |
| Total current liabilities | 426,697 | 434,259 | |
| Long-term liabilities: | |||
| Long-term debt, net of current maturities | 1,693,453 | 1,699,433 | |
| Long-term operating lease liabilities, net of current portion | 1,290,800 | 1,286,415 | |
| Deferred tax liabilities | 11,624 | 13,612 | |
| Other long-term liabilities | 178,461 | 153,708 | |
| Total long-term liabilities | 3,174,338 | 3,153,168 | |
| Stockholders' deficit: | |||
| Preferred stock $0.01 par value, 15,000,000 shares authorized, none issued | — | — | |
| Common stock $0.01 par value, 175,000,000 shares authorized, 82,971,349 and 82,825,851 issued and outstanding, | 829 | 828 | |
| respectively | |||
| Capital in excess of par value | 537,568 | 533,818 | |
| Retained earnings | 1,891,977 | 1,866,660 | |
| Accum |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 58)
What This Means (2025 FDD)
According to Del Taco's 2025 Franchise Disclosure Document, the capital in excess of par value on January 19, 2025, was $537,568. This figure represents the amount of proceeds from the sale of stock that exceeds the par value of the stock. Par value is a nominal value assigned to shares in the company's charter.
For a prospective Del Taco franchisee, this information provides insight into the company's equity structure and how it has raised capital. Capital in excess of par value is a component of stockholders' equity, reflecting the additional funds investors have paid for the company's stock beyond its stated par value. This can be an indicator of investor confidence and the perceived value of the company's shares.
It's important to note that this figure is a snapshot in time and can change due to various factors, such as additional stock issuances or stock repurchases. Reviewing this value in conjunction with other financial statement data, such as retained earnings and total stockholders' equity, can provide a more comprehensive understanding of Del Taco's financial position.