Does Del Taco's financial statement include consolidated statements of comprehensive income?
Del_Taco Franchise · 2025 FDDAnswer from 2025 FDD Document
were excluded from the purchase price. The awards which are subject to continued service will be recognized ratably as stock-based compensation expense over the requisite service period.
The acquisition of Del Taco was funded by cash on hand and borrowings under our 2022 Class A-2 Notes and 2022 Variable Funding Notes. The Company recognized transaction costs of $12.3 million in fiscal 2022. These costs were associated with advisory, legal, and consulting service
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 58)
What This Means (2025 FDD)
Based on the 2025 FDD, the financial statements provided are for Jack in the Box Inc. and its subsidiaries, which include Del Taco. The notes refer to "consolidated financial statements" and "condensed consolidated financial statements" prepared in accordance with U.S. GAAP. The document mentions a "consolidated statement of operations" when discussing transaction costs related to the acquisition of Del Taco and the expensing of unamortized issuance costs associated with a bridge financing facility.
While the term "consolidated financial statements" is used, it is not explicitly stated whether these statements include a specific "statement of comprehensive income." The notes detail various aspects of the financial statements, such as the basis of presentation, accounting policies, and components of the statement of operations, but do not confirm the presence of a comprehensive income statement.
Therefore, a prospective Del Taco franchisee should verify with the franchisor whether the consolidated financial statements include a statement of comprehensive income to gain a complete understanding of the financial reporting.