Dine Brands Global, Inc.

Listed Company

DINCIK 0000049754NYSEAcceleratedRetail-Eating PlacesDelawareFY ends Dec 31

Period

FY 2025

Revenue

$879.30M

Net Income

$17.10M

Total Assets

$1.74B

Equity

$-273.90M

Shares Out

13.05M

Op. Cash Flow

$89.00M

Business

Dine Brands Global, Inc. owns and franchises three restaurant concepts—Applebee’s, IHOP and Fuzzy’s Taco Shop—and manages related brand operations. The company offers full-service casual American dining (Applebee’s), midscale family dining focused on pancakes and day-part expansion (IHOP), and fast-casual Baja-style Mexican offerings with a full bar (Fuzzy’s), together with franchising, brand marketing, supply chain support, and ancillary rental and financing services. Its key reporting segments are franchise operations, rental operations, financing operations and company restaurant operations. The company primarily generates revenue from domestic franchised and company-operated restaurants, with additional international presence via franchisees and area licensees and channels including dine‑in, online ordering, mobile app, off‑premise, Carside To Go and third‑party delivery.

Summary from filing dated 2025-03-05

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Rental revenues	109	117	123	116	114
Total revenues	879	812	831	909	896
Franchise expenses	323	340	344	322	296
Company-owned restaurant expenses	113	10	2	122	137
Rental expenses	84	87	88	88	88
Total cost of revenues	520	437	434	532	521
Gross profit	359	375	397	377	375
General and administrative expenses	204	197	198	191	172
Interest expense, net	78	72	70	61	—
Closure and impairment charges	40	9	4	3	5
Amortization of intangible assets	12	11	11	11	11
Loss on extinguishment of debt	900,000	0	0	−210,000	34,000
(Gain) loss on disposition of assets	−500,000	−3	2	−3	2
Income before income taxes	25	90	112	115	122
Income tax provision	−8	−25	−15	−34	−24
Net income	17	65	97	81	98
Foreign currency translation adjustment	0	0	0	−6,000	−4,000
Total comprehensive income	17	65	97	81	98
Less: Net income allocated to unvested restricted stock	−1	−2	−2	−2	−2
Net income available to common stockholders	16	63	95	79	96
Net income available to common stockholders	16	63	95	—	—
Basic (in dollars per share)	1.11	4.22	6.23	4.97	5.69
Diluted (in dollars per share)	1.11	4.22	6.22	4.96	5.66
Basic (in shares)	14	15	15	16	17
Diluted (in shares)	14	15	15	16	17

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	128	187	146	270	361
Receivables, net of allowance of $5.1 (2025) and $3.4 (2024)	119	115	128	120	120
Restricted cash	52	42	—	—	—
Prepaid expenses	49	39	—	—	—
Other current assets	4	2	16	18	7
Total current assets	352	386	358	480	574
Other intangible assets, net	534	576	586	597	539
Operating lease right-of-use assets	329	324	275	289	335
Goodwill	250	249	254	254	252
Property and equipment, net	161	156	162	145	179
Long-term receivables, net of allowance of $1.2 (2025) and $1.4 (2024)	34	36	36	40	42
Non-current restricted cash	22	20	—	—	—
Other non-current assets, net	57	45	17	18	10
Total assets	1,738	1,791	1,740	1,882	1,999
Accounts payable and other accrued liabilities	93	76	—	—	—
Gift card liability	183	178	176	172	166
Current portion of operating leases obligations	68	65	63	59	72
Current portion of finance leases	7	6	7	8	11
Accrued interest payable	7	6	—	—	—
Dividends payable	3	8	8	8	7
Deferred franchise revenue, short-term	6	6	—	—	7
Current portion of long-term debt	0	100	100	100	0
Total current liabilities	366	445	460	471	411
Long-term debt, net, less current portion	1,188	1,087	1,085	1,242	1,280
Operating lease obligations, less current portion	305	311	269	275	321
Finance lease obligations, less current portion	32	34	34	30	60
Deferred income taxes, net	51	55	61	75	76
Deferred franchise revenue, long-term	34	37	39	42	46
Other non-current liabilities	35	39	16	19	17
Total liabilities	2,012	2,007	1,991	2,183	2,242
Preferred stock, $1 par value, 10,000,000 shares authorized, no shares issued and outstanding	0	0	0	0	0
Common stock, $0.01 par value; shares: 40,000,000 authorized; 2025 - 24,623,226 issued, 13,326,537 outstanding; 2024 - 24,756,637 issued, 15,273,210 outstanding	200,000	200,000	249,000	250,000	250,000
Additional paid-in-capital	240	255	257	259	256
Retained earnings	175	184	150	85	35
Accumulated other comprehensive loss	−100,000	−100,000	−64,000	−65,000	−59,000
Treasury stock, at cost; shares: 2025 - 11,296,689; 2024 - 9,483,427	−689	−655	−658	−645	−535
Total stockholders' deficit	−274	−216	−251	−301	−243
Total liabilities and stockholders' deficit	1,738	1,791	1,740	1,881	1,999

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	43	39	36	38	40
Non-cash stock-based compensation expense	13	16	12	16	12
Non-cash closure and impairment charges	40	9	4	3	5
Non-cash interest expense	4	3	4	3	3
Deferred income taxes	−4	−7	−14	−1	—
Provision for doubtful accounts	3	700,000	0	—	—
(Gain) loss on disposition of assets	−400,000	−3	2	−3	2
Other	−3	−4	−4	−5	−2
Receivables	−10	−1	2	−3	7
Prepaid expenses	−10	8	3	—	—
Other assets	−9	5	9	—	—
Operating lease assets and liabilities	−14	−13	7	−12	−18
Gift card receivables and payables	5	−700,000	5	—	—
Accounts payable and other accrued expenses	14	−7	−29	—	—
Accrued interest payable	900,000	−100,000	1	—	—
Deferred revenue	−3	−3	−4	−4	−7
Cash flows provided by operating activities	89	108	131	89	196
Principal receipts from notes, equipment contracts and other long-term receivables	8	12	9	17	20
Additions to property and equipment	−36	−14	−37	−35	−17
Proceeds from sale of property and equipment	1	3	0	17	946,000
Additions to long-term receivables	−5	−700,000	−1	−1	0
Acquisition of business, net of cash acquired	2	−9	−100,000	−78	0
Other	−2	−500,000	−1	−338,000	−466,000
Cash flows used in investing activities	−32	−9	−30	−81	4
Proceeds from issuance of long-term debt, including revolving line of credit	600	0	530	100	0
Repayment of long-term debt	−594	0	−652	−39	−10
Repayments of revolving credit facility	0	0	−30	0	−220
Payment of debt issuance costs	−12	0	−8	−6	0
Dividends paid on common stock	−31	−31	−32	−31	0
Repurchase of common stock	−61	−12	−26	−120	−4
Principal payments of finance lease and financing obligations	−5	−6	−6	−9	−10
Proceeds from stock options exercised	0	0	4	200,000	25
Repurchase of restricted stock for tax payments upon vesting	−2	−3	−4	−3	−2
Tax payments for share settlement of restricted stock units	0	0	−900,000	−955,000	−10
Cash flows used in financing activities	−104	−52	−225	−109	−230
Net change in cash, cash equivalents and restricted cash	−47	48	−124	−100	−31
Interest paid	84	79	74	65	65
Income taxes paid	16	38	28	28	31
Non-cash conversion of notes receivable	2	3	1	—	—
Non-cash balance sheet gross-up of receivables and other accrued expenses	0	11	−11	0	—

Filings

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