SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF THE REGISTRANT

12 Months Ended

Dec. 31, 2023

Condensed Financial Information Disclosure [Abstract]

SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF THE REGISTRANT

SCHEDULE I – CONDENSED FINANCIAL INFORMATION OF THE REGISTRANT

Domino’s Pizza, Inc.

PARENT COMPANY CONDENSED BALANCE SHEETS

(In thousands, except share and per share amounts)


		December 31,				January 1,
		2023				2023
ASSETS
ASSETS:
Cash		$	—			$	6
Total assets		$	—			$	6
LIABILITIES AND STOCKHOLDERS’ DEFICIT
LIABILITIES:
Equity in net deficit of subsidiaries		$	4,070,367			$	4,189,065
Due to subsidiary			—				6
Total liabilities			4,070,367				4,189,071
STOCKHOLDERS’ DEFICIT:
Common stock, par value $0.01 per share; 170,000,000 shares authorized; 34,726,182 in 2023 and 35,419,718 in 2022 issued and outstanding			347				354
Preferred stock, par value $0.01 per share; 5,000,000 shares authorized, none issued			—				—
Additional paid-in capital			2,801				9,693
Retained deficit			(4,069,648	)			(4,194,418	)
Accumulated other comprehensive loss			(3,867	)			(4,694	)
Total stockholders’ deficit			(4,070,367	)			(4,189,065	)
Total liabilities and stockholders’ deficit		$	—			$	6

See accompanying notes to the Schedule I.

Domino’s Pizza, Inc.

PARENT COMPANY CONDENSED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME

(In thousands, except share and per share amounts)


		For the Years Ended
		December 31,				January 1,				January 2,
		2023				2023				2022
REVENUES		$	—			$	—			$	—
Total revenues			—				—				—
OPERATING EXPENSES			—				—				—
Total operating expenses			—				—				—
INCOME FROM OPERATIONS			—				—				—
Equity earnings in subsidiaries			519,118				452,263				510,467
INCOME BEFORE PROVISION FOR INCOME TAXES			519,118				452,263				510,467
PROVISION FOR INCOME TAXES			—				—				—
NET INCOME		$	519,118			$	452,263			$	510,467
COMPREHENSIVE INCOME		$	519,945			$	450,389			$	510,071
EARNINGS PER SHARE:
Common Stock – basic		$	14.80			$	12.66			$	13.72
Common Stock – diluted		$	14.66			$	12.53			$	13.54

See accompanying notes to the Schedule I.

Domino’s Pizza, Inc.

PARENT COMPANY CONDENSED STATEMENTS OF CASH FLOWS

(In thousands)


		For the Years Ended
		December 31,				January 1,				January 2,
		2023				2023				2022
CASH FLOWS FROM OPERATING ACTIVITIES:
Net cash provided by operating activities		$	435,551			$	458,679			$	538,741
CASH FLOWS FROM INVESTING ACTIVITIES:
Dividends from subsidiaries			—				—				908,698
Investment in subsidiaries			(6	)			—				—
Net cash (used in) provided by investing activities			(6	)			—				908,698
CASH FLOWS FROM FINANCING ACTIVITIES:
Payments of common stock dividends and equivalents			(169,772	)			(157,531	)			(139,399	)
Purchases of common stock			(269,025	)			(293,740	)			(1,320,902	)
Other			3,246				(7,408	)			12,862
Net cash used in financing activities			(435,551	)			(458,679	)			(1,447,439	)
CHANGE IN CASH			(6	)			—				—
CASH, AT BEGINNING OF PERIOD			6				6				6
CASH, AT END OF PERIOD		$	—			$	6			$	6

(1)

Introduction and Basis of Presentation

Domino’s Pizza, Inc., on a stand-alone basis, (the “Parent Company”) has accounted for majority-owned subsidiaries using the equity method of accounting. The accompanying condensed financial statements of the Parent Company should be read in conjunction with the consolidated financial statements of Domino’s Pizza, Inc. and its subsidiaries (the “Company”) and the notes thereto included in Item 8 of this Form 10-K. These financial statements have been provided to comply with Rule 4-08(e) of Regulation S-X.

Use of Estimates

The use of estimates is inherent in the preparation of financial statements in accordance with generally accepted accounting principles. Actual results could differ from those estimates.

(2)

Supplemental Disclosures of Cash Flow Information

During 2023, 2022 and 2021, the Parent Company received dividends from its subsidiaries primarily consisting of amounts received to pay dividends and repurchase common stock, and in 2021, such amounts were received in connection with the Company’s recapitalization transaction. See Note 3 to the Company’s consolidated financial statements as filed in this Form 10-K for a description of the Company's recapitalization transactions. In 2021 and in connection with the Company's recapitalization, the amount of dividends received was in excess of current year equity in earnings from its subsidiaries, and thus a portion of these dividends was considered to be a return of investment and is classified as a cash inflow from investing activities.