Chili's 2015 Annual Report Download - page 37

EXHIBIT 13
BRINKER INTERNATIONAL, INC.
SELECTED FINANCIAL DATA
(In thousands, except per share amounts and number of restaurants)
Fiscal Years
2015 2014 2013 2012 2011
Income Statement Data:
Revenues:
Company sales ........................................ $2,904,746 $2,823,069 $2,766,618 $2,748,462 $2,685,441
Franchise and other revenues(a) .......................... 97,532 86,426 83,100 75,678 79,009
Total revenues .................................... 3,002,278 2,909,495 2,849,718 2,824,140 2,764,450
Operating Costs and Expenses:
Company restaurants (excluding depreciation and amortization)
Cost of sales ...................................... 775,063 758,028 758,377 769,729 742,283
Restaurant labor ................................... 929,206 905,589 892,413 891,910 886,559
Restaurant expenses(a) .............................. 703,334 686,314 658,834 653,248 658,124
Company restaurant expenses ............................ 2,407,603 2,349,931 2,309,624 2,314,887 2,286,966
Depreciation and amortization ............................ 145,242 136,081 131,481 125,054 128,447
General and administrative .............................. 133,467 132,094 134,538 143,388 132,834
Other gains and charges ................................. 4,764 49,224 17,300 8,974 10,783
Total operating costs and expenses .................... 2,691,076 2,667,330 2,592,943 2,592,303 2,559,030
Operating income .......................................... 311,202 242,165 256,775 231,837 205,420
Interest expense ........................................... 29,006 28,091 29,118 26,800 28,311
Other, net ................................................ (2,081) (2,214) (2,658) (3,772) (6,220)
Income before provision for income taxes ....................... 284,277 216,288 230,315 208,809 183,329
Provision for income taxes ................................... 87,583 62,249 66,956 57,577 42,269
Net income ....................................... $ 196,694 $ 154,039 $ 163,359 $ 151,232 $ 141,060
Basic net income per share .................................. $ 3.12 $ 2.33 $ 2.28 $ 1.93 $ 1.55
Diluted net income per share ................................. $ 3.05 $ 2.26 $ 2.20 $ 1.87 $ 1.53
Basic weighted average shares outstanding ...................... 63,072 66,251 71,788 78,559 90,807
Diluted weighted average shares outstanding .................... 64,404 68,152 74,158 80,664 92,320
Balance Sheet Data:
Working capital ........................................... $ (228,758) $ (255,256) $ (192,641) $ (203,974) $ (181,047)
Total assets ............................................... 1,435,873 1,490,604 1,452,603 1,439,408 1,487,762
Long-term obligations ...................................... 1,095,858 961,400 912,014 727,379 643,251
Shareholders’ (deficit) equity................................. (78,460) 63,094 149,357 309,873 438,910
Dividends per share ........................................ $ 1.12 $ 0.96 $ 0.80 $ 0.64 $ 0.56
Number of Restaurants Open (End of Period):
Company-operated ......................................... 888 884 877 865 868
Franchised/Joint venture .................................... 741 731 714 716 711
Total ............................................ 1,629 1,615 1,591 1,581 1,579
Revenues of franchisees(b) ................................. $1,644,015 $1,616,747 $1,632,076 $1,609,893 $1,558,886
(a) Prior year amounts have been updated to conform with fiscal 2015 presentation.
(b) Revenues of Franchisees are not recorded as revenues by the Company. Management believes that franchisee revenue information is
important in understanding the Company’s financial performance because these revenues are the basis on which the Company calculates
and records franchise revenues.
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