Jack In The Box 2005 Annual Report Download - page 12

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Consolidated Statements of Earnings
(In thousands, except per share data)
JACK IN THE BOX INC. AND SUBSIDIARIES
FISCAL YEAR
2005 2004 2003
Revenues:
Restaurant sales $ 2,045,400 $ 2,033,482 $ 1,864,180
Distribution and other sales 348,482 197,762 108,738
Franchise rents and royalties 80,390 66,653 54,371
Other 32,966 24,467 31,001
2,507,238 2,322,364 2,058,290
Costs of revenues:
Restaurant costs of sales 646,705 630,942 573,751
Restaurant operating costs 1,052,262 1,056,156 989,981
Costs of distribution and other sales 343,836 194,251 106,003
Franchised restaurant costs 35,318 31,936 25,974
2,078,121 1,913,285 1,695,709
Selling, general and administrative 273,821 264,257 228,141
Earnings from operations 155,296 144,822 134,440
Interest expense 17,092 27,318 24,838
Earnings before income taxes 138,204 117,504 109,602
Income taxes 46,667 42,820 39,518
Net earnings $ 91,537 $ 74,684 $ 70,084
Net earnings per share:
Basic $ 2.57 $ 2.06 $ 1.92
Diluted $ 2.48 $ 2.02 $ 1.90
Weighted-average shares outstanding:
Basic 35,625 36,237 36,473
Diluted 36,938 36,961 36,968
See accompanying notes to consolidated financial statements in the company’s Form 10-K, incorporated as part of this summary annual report.