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SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF THE REGISTRANT | 12 Months Ended
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Jan. 02, 2022
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)
|  | January 2, |  |  | January 3, |
|  | 2022 |  |  | 2021 |
ASSETS |  |  |  |  |  |
ASSETS: |  |  |  |  |  |
Cash |  | $ | 6 |  |  | $ | 6 |
Total assets |  | $ | 6 |  |  | $ | 6 |
LIABILITIES AND STOCKHOLDERS’ DEFICIT |  |  |  |  |  |
LIABILITIES: |  |  |  |  |  |
Equity in net deficit of subsidiaries |  | $ | 4,209,536 |  |  | $ | 3,300,405 |
Due to subsidiary |  |  | 6 |  |  |  | 6 |
Total liabilities |  |  | 4,209,542 |  |  |  | 3,300,411 |
STOCKHOLDERS’ DEFICIT: |  |  |  |  |  |
Common stock, par value $0.01 per share; 170,000,000 shares authorized; 36,138,273 in 2021 and 38,868,350 in 2020 issued and outstanding |  |  | 361 |  |  |  | 389 |
Preferred stock, par value $0.01 per share; 5,000,000 shares authorized, no ne issued |  |  | — |  |  |  | — |
Additional paid-in capital |  |  | 840 |  |  |  | 5,122 |
Retained deficit |  |  | (4,207,917 | ) |  |  | (3,303,492 | )
Accumulated other comprehensive loss |  |  | (2,820 | ) |  |  | (2,424 | )
Total stockholders’ deficit |  |  | (4,209,536 | ) |  |  | (3,300,405 | )
Total liabilities and stockholders’ deficit |  | $ | 6 |  |  | $ | 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 |
|  | January 2, |  |  | January 3, |  |  | December 29, |
|  | 2022 |  |  | 2021 |  |  | 2019 |
REVENUES |  | $ | — |  |  | $ | — |  |  | $ | — |
Total revenues |  |  | — |  |  |  | — |  |  |  | — |
OPERATING EXPENSES |  |  | — |  |  |  | — |  |  |  | — |
Total operating expenses |  |  | — |  |  |  | — |  |  |  | — |
INCOME FROM OPERATIONS |  |  | — |  |  |  | — |  |  |  | — |
Equity earnings in subsidiaries |  |  | 510,467 |  |  |  | 491,296 |  |  |  | 400,709 |
INCOME BEFORE PROVISION FOR INCOME TAXES |  |  | 510,467 |  |  |  | 491,296 |  |  |  | 400,709 |
PROVISION FOR INCOME TAXES |  |  | — |  |  |  | — |  |  |  | — |
NET INCOME |  | $ | 510,467 |  |  | $ | 491,296 |  |  | $ | 400,709 |
COMPREHENSIVE INCOME |  | $ | 510,071 |  |  | $ | 492,614 |  |  | $ | 401,396 |
EARNINGS PER SHARE: |  |  |  |  |  |  |  |  |
Common Stock – basic |  | $ | 13.72 |  |  | $ | 12.61 |  |  | $ | 9.83 |
Common Stock – diluted |  | $ | 13.54 |  |  | $ | 12.39 |  |  | $ | 9.56 |
See accompanying notes to the Schedule I. Domino’s Pizza, Inc. PARENT COMPANY CONDENSED STATEMENTS OF CASH FLOWS (In thousands)
|  | For the Years Ended |
|  | January 2, |  |  | January 3, |  |  | December 29, |
|  | 2022 |  |  | 2021 |  |  | 2019 |
CASH FLOWS FROM OPERATING ACTIVITIES: |  |  |  |  |  |  |  |  |
Net cash provided by operating activities |  | $ | 538,741 |  |  | $ | 402,348 |  |  | $ | 421,661 |
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |  |  |  |  |
Dividends from subsidiaries |  |  | 908,698 |  |  |  | — |  |  |  | 375,948 |
Net cash provided by investing activities |  |  | 908,698 |  |  |  | — |  |  |  | 375,948 |
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |  |  |  |  |
Payments of common stock dividends and equivalents |  |  | (139,399 | ) |  |  | (121,925 | ) |  |  | (105,715 | )
Purchases of common stock |  |  | (1,320,902 | ) |  |  | (304,590 | ) |  |  | (699,007 | )
Other |  |  | 12,862 |  |  |  | 24,167 |  |  |  | 7,113 |
Net cash used in financing activities |  |  | (1,447,439 | ) |  |  | (402,348 | ) |  |  | (797,609 | )
CHANGE IN CASH |  |  | — |  |  |  | — |  |  |  | — |
CASH, AT BEGINNING OF PERIOD |  |  | 6 |  |  |  | 6 |  |  |  | 6 |
CASH, AT END OF PERIOD |  | $ | 6 |  |  | $ | 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. New Accounting Pronouncements The Company has adopted the below new accounting pronouncements that impacted the Parent Company financial statements. Accounting Standards Update (“ASU”) 2016-13, Financial Instruments – Credit Losses (Topic 326) In June 2016, the Financial Accounting Standards Board (“FASB”) issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (“ASC 326”). ASC 326 requires companies to measure credit losses utilizing a methodology that reflects expected credit losses and requires a consideration of a broader range of reasonable and supportable information to inform credit loss estimates. On December 30, 2019, the Company adopted ASC 326 using the modified retrospective method. The Parent Company recorded a $1.1 million adjustment to equity in net deficit of subsidiaries and recorded a $1.1 million adjustment to retained deficit related to this new accounting standard in 2020. See Note 1 to the Company’s consolidated financial statements as filed in this Form 10-K for additional information related to the adoption of this new accounting standard. (2) Supplemental Disclosures of Cash Flow Information During 2021, 2020 and 2019, the Parent Company received dividends from its subsidiaries primarily consisting of amounts received to pay dividends and repurchase common stock in connection with the Company’s recapitalization transactions. See Note 3 to the Company’s consolidated financial statements as filed in this Form 10-K for a description of these recapitalization transactions. In 2021 and 2019, 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.

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(Schedule I)) -URI http://asc.fasb.org/extlink&oid=120391182&loc=d3e5864-122674 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=123454820&loc=d3e5283-111683 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 + Details
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