Does the Del Taco financial statement include an income statement?
Del_Taco Franchise · 2025 FDDAnswer from 2025 FDD Document
ters of credit, all of which were cancelled as of September 29, 2024. As of September 29, 2024, we had no outstanding borrowings and available borrowing capacity of $75.0 million under the facility.
Bridge commitment letter — In connection with the Merger Agreement, the Company secured commitments for a bridge financing facility in an amount of up to $600.0 million (the "Bridge Facility"). No amounts were drawn under the Bridge Facility, which was terminated as a result of our securitization refinancing transaction. The Company expensed approximately $2.1 million for the unamortized issuance costs associated with this commitment which is presented in "Interest expense, net" in the consolidated statement of operations.
Maturities of long-term debt — Assuming repayment by the Anticipated Repayment Dates and based on the leverage ratio as of September 29, 2024, principal payments on our long-term debt outstanding at September 29, 2024 for each of the next five fiscal years and thereafter are as follows (in thousands):
| 2025 | $ | 35,880 |
|---|---|---|
| 2026. |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 58)
What This Means (2025 FDD)
According to the 2025 Del Taco Franchise Disclosure Document, the financial statement includes a consolidated statement of operations. The document mentions that approximately $2.1 million was expensed for unamortized issuance costs associated with a bridge financing facility. This expense is presented in "Interest expense, net" in the consolidated statement of operations.
Additionally, the FDD states that in 2025 and 2024, marketing fund contributions from both Jack in the Box and Del Taco franchise and company-operated restaurants were a percentage of sales. Contributions made by the company are included in "Selling, general and administrative expenses" in the accompanying condensed consolidated statements of earnings. In 2025 and 2024, consolidated advertising costs were $10.5 million and $10.4 million, respectively.
These references to specific expense line items and their placement within the "consolidated statement of operations" and "condensed consolidated statements of earnings" confirm that an income statement is part of Del Taco's financial reporting. This statement provides a summary of the company's revenues, expenses, and profits over a period of time, offering insight into its financial performance.