Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Noodles &.
Income Statement
| Breakdown | January 02, 2024 | January 03, 2023 | December 28, 2021 | December 29, 2020 | December 31, 2019 | January 01, 2019 | January 02, 2018 | January 03, 2017 | December 29, 2015 | December 30, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $503.40M | $509.48M | $475.15M | $393.65M | $462.41M | $457.84M | $456.49M | $487.47M | $455.45M | $403.74M |
| Cost of Revenue | $445.99M | $429.31M | $393.07M | $342.12M | $383.29M | $385.44M | $387.60M | $420.77M | $377.45M | $322.83M |
| Gross Profit | $57.42M | $80.17M | $82.08M | $51.54M | $79.12M | $72.40M | $68.89M | $66.70M | $78.00M | $80.91M |
| Gross Profit Ratio | 11.41% | 15.73% | 17.27% | 13.09% | 17.11% | 15.81% | 15.09% | 13.68% | 17.13% | 20.04% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $51.83M | $49.90M | $48.20M | $43.32M | $43.85M | $46.09M | $39.75M | $55.65M | $37.24M | $31.39M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $51.83M | $49.90M | $48.20M | $43.32M | $43.85M | $46.09M | $39.75M | $55.65M | $37.24M | $31.39M |
| Other Expenses | $37.41M | $24.93M | $22.33M | $21.71M | $22.09M | $22.87M | $24.61M | $28.13M | $27.80M | $24.79M |
| Operating Expenses | $51.83M | $74.83M | $70.53M | $65.03M | $65.93M | $69.01M | $65.29M | $86.92M | $69.45M | $60.61M |
| Cost and Expenses | $497.82M | $504.15M | $463.61M | $407.14M | $449.23M | $454.46M | $452.90M | $507.69M | $446.90M | $383.44M |
| Interest Income | $- | $2.44M | $2.08M | $3.15M | $2.94M | $- | $- | $- | $- | $- |
| Interest Expense | $5.70M | $2.44M | $2.08M | $3.15M | $2.94M | $4.30M | $3.84M | $2.92M | $1.43M | $365.00K |
| Depreciation and Amortization | $26.79M | $23.27M | $22.33M | $21.71M | $22.09M | $22.87M | $24.61M | $28.13M | $27.80M | $24.79M |
| EBITDA | $32.38M | $28.60M | $33.88M | $8.22M | $35.27M | $26.26M | $28.21M | $7.92M | $36.35M | $45.09M |
| EBITDA Ratio | 6.43% | 5.61% | 7.13% | 2.09% | 7.63% | 5.73% | 6.18% | 1.62% | 7.98% | 11.17% |
| Operating Income | $5.59M | $5.33M | $11.54M | $-13.49M | $13.19M | $-3.76M | $-33.85M | $-67.53M | $-21.07M | $18.91M |
| Operating Income Ratio | 1.11% | 1.05% | 2.43% | -3.43% | 2.85% | -0.82% | -7.42% | -13.85% | -4.63% | 4.68% |
| Total Other Income Expenses Net | $-15.42M | $-8.61M | $-7.81M | $-9.69M | $-11.44M | $-7.77M | $-37.45M | $-47.31M | $-29.62M | $-1.39M |
| Income Before Tax | $-9.83M | $-3.28M | $3.73M | $-23.18M | $1.75M | $-8.69M | $-37.69M | $-70.44M | $-22.50M | $18.55M |
| Income Before Tax Ratio | -1.95% | -0.64% | 0.79% | -5.89% | 0.38% | -1.90% | -8.26% | -14.45% | -4.94% | 4.59% |
| Income Tax Expense | $24.00K | $37.00K | $70.00K | $84.00K | $104.00K | $-248.00K | $-207.00K | $1.23M | $-8.73M | $7.12M |
| Net Income | $-9.86M | $-3.31M | $3.67M | $-23.26M | $1.65M | $-8.44M | $-45.45M | $-71.68M | $-13.77M | $11.43M |
| Net Income Ratio | -1.96% | -0.65% | 0.77% | -5.91% | 0.36% | -1.84% | -9.96% | -14.70% | -3.02% | 2.83% |
| EPS | $-0.21 | $-0.07 | $0.08 | $-0.53 | $0.04 | $-0.20 | $-1.20 | $-2.58 | $-0.48 | $0.38 |
| EPS Diluted | $-0.21 | $-0.07 | $0.08 | $-0.53 | $0.04 | $-0.20 | $-1.20 | $-2.58 | $-0.48 | $0.37 |
| Weighted Average Shares Outstanding | 45.86M | 45.91M | 45.48M | 44.27M | 44.04M | 42.21M | 37.76M | 27.78M | 28.68M | 29.72M |
| Weighted Average Shares Outstanding Diluted | 45.86M | 45.91M | 46.13M | 44.27M | 44.98M | 42.33M | 37.76M | 27.81M | 28.94M | 31.00M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | January 02, 2024 | January 03, 2023 | December 28, 2021 | December 29, 2020 | December 31, 2019 | January 01, 2019 | January 02, 2018 | January 03, 2017 | December 29, 2015 | December 30, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $3.01M | $1.52M | $2.25M | $7.84M | $10.46M | $4.66M | $3.36M | $1.84M | $1.91M | $1.91M |
| Short Term Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $3.01M | $1.52M | $2.25M | $7.84M | $10.46M | $4.66M | $3.36M | $1.84M | $1.91M | $1.91M |
| Net Receivables | $5.48M | $6.62M | $4.07M | $3.47M | $3.61M | $2.58M | $2.51M | $5.69M | $5.81M | $5.18M |
| Inventory | $10.25M | $10.04M | $9.40M | $9.64M | $9.87M | $9.65M | $9.93M | $11.29M | $10.49M | $9.41M |
| Other Current Assets | $3.88M | $55.00K | $125.00K | $39.00K | $1.75M | $5.00K | $41.00K | $203.00K | $219.00K | $139.00K |
| Total Current Assets | $22.62M | $21.64M | $22.56M | $23.71M | $29.32M | $23.35M | $22.06M | $25.79M | $25.40M | $22.78M |
| Property Plant Equipment Net | $336.03M | $312.78M | $307.72M | $318.54M | $338.58M | $138.77M | $152.59M | $173.53M | $203.71M | $205.57M |
| Goodwill | $7.15M | $7.15M | $7.15M | $7.15M | $7.15M | $6.40M | $6.40M | $6.40M | $6.40M | $6.40M |
| Intangible Assets | $538.00K | $608.00K | $668.00K | $757.00K | $883.00K | $1.29M | $1.56M | $1.72M | $1.81M | $1.93M |
| Goodwill and Intangible Assets | $7.69M | $7.76M | $7.82M | $7.91M | $8.04M | $7.69M | $7.96M | $8.12M | $8.21M | $8.33M |
| Long Term Investments | $- | $- | $- | $- | $- | $- | $- | $-46.98M | $- | $- |
| Tax Assets | $- | $- | $- | $- | $- | $- | $- | $46.98M | $664.00K | $- |
| Other Non-Current Assets | $1.75M | $1.67M | $3.36M | $3.47M | $2.58M | $2.22M | $2.62M | $2.02M | $1.97M | $2.23M |
| Total Non-Current Assets | $345.47M | $322.21M | $318.90M | $329.92M | $349.20M | $148.68M | $163.18M | $183.67M | $214.56M | $216.13M |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $368.10M | $343.84M | $341.46M | $353.63M | $378.52M | $172.03M | $185.23M | $209.46M | $239.96M | $238.90M |
| Account Payables | $16.69M | $15.31M | $15.54M | $6.40M | $9.35M | $7.85M | $10.93M | $10.60M | $15.07M | $10.87M |
| Short Term Debt | $32.44M | $30.79M | $30.60M | $29.02M | $24.04M | $719.00K | $21.26M | $22.95M | $11.14M | $9.56M |
| Tax Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $3.12M | $2.43M | $2.85M | $2.98M | $2.95M | $3.28M | $4.08M | $3.86M | $3.35M | $2.70M |
| Other Current Liabilities | $15.26M | $15.58M | $27.59M | $19.73M | $21.70M | $21.29M | $7.61M | $11.62M | $3.35M | $2.70M |
| Total Current Liabilities | $67.51M | $64.11M | $76.58M | $58.13M | $58.03M | $33.15M | $43.87M | $49.03M | $32.91M | $25.83M |
| Long Term Debt | $80.22M | $233.37M | $219.17M | $251.40M | $265.51M | $44.18M | $57.62M | $84.68M | $67.73M | $27.50M |
| Deferred Revenue Non-Current | $1.00M | $700.00K | $600.00K | $600.00K | $900.00K | $-32.46M | $38.87M | $44.93M | $39.60M | $35.50M |
| Deferred Tax Liabilities Non-Current | $255.00K | $229.00K | $269.00K | $240.00K | $200.00K | $133.00K | $416.00K | $435.00K | $30.08M | $6.51M |
| Other Non-Current Liabilities | $191.95M | $7.07M | $7.20M | $13.56M | $3.30M | $74.35M | $8.59M | $4.57M | $-24.14M | $3.45M |
| Total Non-Current Liabilities | $273.42M | $241.37M | $227.24M | $265.80M | $269.91M | $86.20M | $105.50M | $134.61M | $113.28M | $72.96M |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $340.94M | $305.48M | $303.83M | $323.93M | $327.95M | $119.35M | $149.37M | $183.64M | $146.19M | $98.79M |
| Preferred Stock | $- | $- | $- | $- | $-0.00B | $- | $- | $- | $- | $- |
| Common Stock | $474.00K | $485.00K | $481.00K | $468.00K | $466.00K | $464.00K | $436.00K | $303.00K | $301.00K | $298.00K |
| Retained Earnings | $-148.24M | $-138.39M | $-135.07M | $-138.74M | $-115.48M | $-111.14M | $-101.19M | $-63.71M | $7.97M | $21.74M |
| Accumulated Other Comprehensive Income Loss | $- | $- | $- | $- | $--0.00B | $-183.90M | $-169.44M | $-51.00K | $-134.00K | $-129.33M |
| Other Total Stockholders Equity | $174.93M | $176.27M | $172.23M | $167.97M | $165.59M | $347.25M | $306.06M | $89.27M | $85.63M | $247.41M |
| Total Stockholders Equity | $27.16M | $38.36M | $37.63M | $29.70M | $50.57M | $52.68M | $35.86M | $25.82M | $93.77M | $140.12M |
| Total Equity | $27.16M | $38.36M | $37.63M | $29.70M | $50.57M | $52.68M | $35.86M | $25.82M | $93.77M | $140.12M |
| Total Liabilities and Stockholders Equity | $368.10M | $343.84M | $341.46M | $353.63M | $378.52M | $172.03M | $185.23M | $209.46M | $239.96M | $238.90M |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $368.10M | $343.84M | $341.46M | $353.63M | $378.52M | $172.03M | $185.23M | $209.46M | $239.96M | $238.90M |
| Total Investments | $- | $- | $- | $- | $- | $- | $- | $-46.98M | $- | $- |
| Total Debt | $300.41M | $264.16M | $249.78M | $280.42M | $289.55M | $44.90M | $57.62M | $84.68M | $67.73M | $27.50M |
| Net Debt | $297.40M | $262.64M | $247.52M | $272.58M | $279.09M | $40.25M | $54.26M | $82.84M | $65.82M | $25.59M |
Cash Flow Statement
| Breakdown | January 02, 2024 | January 03, 2023 | December 28, 2021 | December 29, 2020 | December 31, 2019 | January 01, 2019 | January 02, 2018 | January 03, 2017 | December 29, 2015 | December 30, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-9.86M | $-3.31M | $3.67M | $-23.26M | $1.65M | $-8.44M | $-37.48M | $-71.68M | $-13.77M | $11.43M |
| Depreciation and Amortization | $26.79M | $23.27M | $22.33M | $21.71M | $22.09M | $22.87M | $24.61M | $28.13M | $27.80M | $24.79M |
| Deferred Income Tax | $26.00K | $-40.00K | $29.00K | $40.00K | $68.00K | $-283.00K | $-228.00K | $1.10M | $-8.88M | $6.33M |
| Stock Based Compensation | $4.24M | $4.33M | $4.11M | $2.50M | $2.44M | $2.98M | $1.51M | $2.32M | $1.47M | $1.33M |
| Change in Working Capital | $2.16M | $-17.67M | $2.45M | $3.18M | $-4.72M | $-19.64M | $-15.71M | $19.68M | $8.85M | $3.91M |
| Accounts Receivables | $1.20M | $-2.58M | $-491.00K | $-392.00K | $-630.00K | $91.00K | $2.98M | $-443.00K | $-437.00K | $-75.00K |
| Inventory | $-303.00K | $-743.00K | $-382.00K | $61.00K | $-625.00K | $-541.00K | $-387.00K | $-790.00K | $-1.06M | $-1.84M |
| Accounts Payables | $2.21M | $-563.00K | $4.69M | $-1.29M | $406.00K | $-1.58M | $-1.30M | $-2.44M | $2.79M | $2.66M |
| Other Working Capital | $-948.00K | $-13.79M | $-1.36M | $4.80M | $-3.87M | $-17.61M | $-17.00M | $23.35M | $7.55M | $3.17M |
| Other Non Cash Items | $4.14M | $2.98M | $3.58M | $4.95M | $8.54M | $7.86M | $31.39M | $45.18M | $29.02M | $1.24M |
| Net Cash Provided by Operating Activities | $27.50M | $9.56M | $36.16M | $9.12M | $30.06M | $5.35M | $4.10M | $24.74M | $44.51M | $49.03M |
| Investments in Property Plant and Equipment | $-52.04M | $-33.89M | $-18.78M | $-11.78M | $-18.79M | $-14.34M | $-20.83M | $-43.34M | $-50.72M | $-72.06M |
| Acquisitions Net | $- | $- | $- | $- | $-1.39M | $- | $- | $- | $-628.00K | $-15.71M |
| Purchases of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $243.00K | $1.58M | $406.00K | $837.00K | $1.74M | $500.00K | $- | $578.00K | $628.00K | $15.71M |
| Net Cash Used for Investing Activities | $-51.80M | $-32.31M | $-18.37M | $-10.95M | $-18.44M | $-13.84M | $-20.83M | $-42.76M | $-50.72M | $-72.06M |
| Debt Repayment | $-31.43M | $-34.84M | $-23.48M | $-55.39M | $-6.57M | $-87.13M | $-37.11M | $-2.65M | $-384.77M | $-289.29M |
| Common Stock Issued | $- | $- | $- | $- | $-252.00K | $22.99M | $29.11M | $1.10M | $952.00K | $- |
| Common Stock Repurchased | $-4.98M | $- | $- | $- | $- | $- | $- | $- | $-35.00M | $-71.00K |
| Dividends Paid | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Financing Activities | $62.20M | $56.86M | $101.00K | $54.59M | $1.00M | $73.92M | $26.27M | $20.55M | $426.13M | $313.33M |
| Net Cash Used Provided by Financing Activities | $25.80M | $22.02M | $-23.38M | $-798.00K | $-5.82M | $9.79M | $18.27M | $17.90M | $6.36M | $23.97M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- | $- | $-15.00K | $41.00K | $-134.00K | $- |
| Net Change in Cash | $1.49M | $-732.00K | $-5.58M | $-2.62M | $5.80M | $1.29M | $1.52M | $-75.00K | $6.00K | $938.00K |
| Cash at End of Period | $3.01M | $1.52M | $2.25M | $7.84M | $10.46M | $4.66M | $3.36M | $1.84M | $1.91M | $1.91M |
| Cash at Beginning of Period | $1.52M | $2.25M | $7.84M | $10.46M | $4.66M | $3.36M | $1.84M | $1.91M | $1.91M | $968.00K |
| Operating Cash Flow | $27.50M | $9.56M | $36.16M | $9.12M | $30.06M | $5.35M | $4.10M | $24.74M | $44.51M | $49.03M |
| Capital Expenditure | $-52.04M | $-33.89M | $-18.78M | $-11.78M | $-18.79M | $-14.34M | $-20.83M | $-43.34M | $-50.72M | $-72.06M |
| Free Cash Flow | $-24.55M | $-24.33M | $17.39M | $-2.66M | $11.27M | $-8.99M | $-16.73M | $-18.60M | $-6.21M | $-23.03M |