Chipotle 2013 Annual Report Download - page 31
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ITEM 6. SELECTED FINANCIAL DATA
Our selected consolidated financial data shown below should be read together with Item 7. “Management’s
Discussion and Analysis of Financial Condition and Results of Operations” and our consolidated financial
statements and respective notes included in Item 8. “Financial Statements and Supplementary Data.” The data
shown below are not necessarily indicative of results to be expected for any future period (in thousands, except
per share data).
For the years ended December 31
2013 2012 2011 2010 2009
Statement of Income:
Revenue ................ $ 3,214,591 $ 2,731,224 $ 2,269,548 $ 1,835,922 $ 1,518,417
Food, beverage and
packaging costs ........ 1,073,514 891,003 738,720 561,107 466,027
Labor costs ............. 739,800 641,836 543,119 453,573 385,072
Occupancy costs ......... 199,107 171,435 147,274 128,933 114,218
Other operating costs ...... 347,401 286,610 251,208 202,904 174,581
General and administrative
expenses ............. 203,733 183,409 149,426 118,590 99,149
Depreciation and
amortization ........... 96,054 84,130 74,938 68,921 61,308
Pre-opening costs ........ 15,511 11,909 8,495 7,767 8,401
Loss on disposal of assets . . 6,751 5,027 5,806 6,296 5,956
Total operating expenses . . . 2,681,871 2,275,359 1,918,986 1,548,091 1,314,712
Income from operations . . . 532,720 455,865 350,562 287,831 203,705
Interest and other income
(expense), net ......... 1,751 1,820 (857) 1,230 520
Income before income
taxes ................. 534,471 457,685 349,705 289,061 204,225
Provision for income
taxes ................. (207,033) (179,685) (134,760) (110,080) (77,380)
Net income ............. $ 327,438 $ 278,000 $ 214,945 $ 178,981 $ 126,845
Earnings per share
Basic .............. $ 10.58 $ 8.82 $ 6.89 $ 5.73 $ 3.99
Diluted ............. $ 10.47 $ 8.75 $ 6.76 $ 5.64 $ 3.95
Weighted average common
shares outstanding
Basic .............. 30,957 31,513 31,217 31,234 31,766
Diluted ............. 31,281 31,783 31,775 31,735 32,102
As of December 31
2013 2012 2011 2010 2009
Balance Sheet Data:
Total current assets ....... $ 666,307 $ 546,607 $ 501,192 $ 406,221 $ 297,454
Total assets ............. $ 2,009,280 $ 1,668,667 $ 1,425,308 $ 1,121,605 $ 961,505
Total current liabilities .... $ 199,228 $ 186,852 $ 157,453 $ 123,054 $ 102,153
Total liabilities .......... $ 470,992 $ 422,741 $ 381,082 $ 310,732 $ 258,044
Total shareholders’
equity ................ $ 1,538,288 $ 1,245,926 $ 1,044,226 $ 810,873 $ 703,461
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Annual Report