达美乐披萨 2025年季度报告

ORTRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT Cash flows from investing activities:Capital expendituresSale of investments Net cash provided by (used in) investing activities Cash flows from financing activities: Repayments of long-term debt and finance lease obligations(1,861)Proceeds from exercise of stock options12,319Purchases of common stock(203,041)Tax payments for restricted stock upon vesting(8,472)Payments of common stock dividends and equivalents(60,257)Net cash used in financing activities(261,312) Restricted cash and cash equivalents, beginning of period195,370Cash and cash equivalents included in advertising fund assets, restricted,beginning of period80,928Cash and cash equivalents, restricted cash and cash equivalents and cash andcash equivalents included in advertising fund assets, restricted, beginning of period462,424 Restricted cash and cash equivalents, end of periodCash and cash equivalents included in advertising fund assets, restricted, end of period 6Cash and cash equivalents, restricted cash and cash equivalents and cash andcash equivalents included in advertising fund assets, restricted, end of period$584,615$The accompanying notes are an integral part of these condensed consolidated financial statements. (Unaudited; tabular amounts in thousands, except share and per share amounts)June 15, 2025 The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accountingprinciples generally accepted in the United States for interim financial information and with the instructions to Form 10-Q and Rule10-01 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by accounting principles information and footnotes required by accounting principles generally accepted in the United States for complete financialstatements. Certain captions have been conformed to the current period presentation. For further information, refer to theconsolidated financial statements and footnotes for the fiscal year ended December 29, 2024 included in the Company’s 2024 U.S.Stores U.S. Company-owned stores$184,054$—$—$U.S. franchise royalties and fees307,261——Supply chain—1,412,567—1,412,567Supply chain - intersegment revenues—(55,581)— Segment revenues$364,796$659,244$73,696$1,097,736Cost of sales - food26,321468,461— The denominators used in calculating diluted earnings per share for common stock for thesecond quarters and two fiscalquarters each ended June 15, 2025 and June 16, 2024 do not include the following because the effect of including these shares The following tables summarize the changes in stockholders’ deficit for thesecond quarter and two fiscal quarters of 2024. AccumulatedAdditionalCommon StockPaid-inRetainedComprehensive Net income—Dividends declared on common stock and equivalents($1.51per share)—Issuance and cancellation of stock awards, net17,616Tax payments for restricted stock upon vesting(5,175) Exercise of stock optionsNon-cash equity-based compensation expense Currency translation adjustment—— Issuance and cancellation of stock awards, netTax payments for restricted stock upon vesting Purchases of common stock(56,372)(1)(17,021)(8,099)Exercise of stock options245,532331,464—Non-cash equity-based compensation expense——22,024—Currency translation adjustment————Balance at June 16, 202434,956,623$350$30,008$(3,916,008)$ by establishing a hierarchy for ranking the quality and reliability of the information used to determine fair values. The Companyclassifies and discloses assets and liabilities carried at fair value in one of the following three categories:Level 1: Quoted market prices in active markets for identical assets or liabilities.Level 2: Observable market-based inputs or unobservable inputs that are corroborated by market data. Fair Value of Cash Equivalents and Marketable Securities of$7.3millionin the two fiscal quarters of 2024 to the carrying amount of its investment in DPC Dash, with the unrealized gainsand losses recorded in other income (expense) in the Company’s condensed consolidated statements of income. The following tables summarize the carrying amounts and fair values of certain assets atJune 15, 2025 and December 29, 2024:At June 15, 2025Fair Value Estimated UsingCarryingLevel 1Level 2Level 3 Advertising fund cash equivalents, restricted79,32579,325Investment in DPC Dash46,66746,667 Principal AmountFair ValuePrincipal AmountFair Value2015 Ten-Year Notes$742,000$739,774$742,000$2017 Ten-Year Notes940,000924,020940,0002018 7.5-Year Notes402,688401,077402,6882018 9.25-Year Notes379,000374,452379,0002019 Ten-Year Notes648,000613,008648,000 if the Holdco Leverage Ratio is less than or equal to5.0x total debt to Consolidated Adjusted EBITDA, each as defined in theindenture governing the securitized debt, and no catch-up provisions are applicable. As of the end of thesecond quarter of 2025andthe end of the fourth quarter o