Jack In The Box 2012 Annual Report Download - page 19
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ITEM 6. SELECTED FINANCIAL DATA
Our fiscal year is 52 or 53 weeks, ending the Sunday closest to September 30. All years presented include 52 weeks, except 2010 which includes 53
weeks. The selected financial data reflects as discontinued operations, our distribution business for fiscal years 2008 through 2012 and Quick Stuff, a
convenience store and fuel station concept sold in fiscal 2009, for fiscal years 2008 and 2009. The following selected financial data of Jack in the Box Inc. for
each fiscal year was extracted or derived from our audited financial statements. This selected financial data should be read in conjunction with our audited
consolidated financial statements and accompanying notes and Management’s Discussion and Analysis of Financial Condition and Results of Operations
included elsewhere in this Annual Report on Form 10-K. Our consolidated financial information may not be indicative of our future performance.
(in thousands, except per share data)
Total revenues
$1,545,026
$1,662,339
$1,899,554
$2,168,961
$2,264,336
Total operating costs and expenses
$1,461,682
$1,578,403
$1,830,979
$2,018,172
$2,117,151
Gains on the sale of company-operated restaurants, net
(29,145)
(61,125)
(54,988)
(78,642)
(66,349)
Total operating costs and expenses, net
$1,432,537
$1,517,278
$1,775,991
$1,939,530
$2,050,802
Earnings from continuing operations
$62,972
$81,731
$71,038
$129,672
$116,533
Earnings per share from continuing operations:
Basic
$1.43
$1.66
$1.29
$2.28
$2.00
Diluted
$1.40
$1.63
$1.27
$2.25
$1.96
Weighted-average shares outstanding — Diluted (1)
44,948
50,085
55,843
57,733
59,445
Market price at year-end
$28.11
$19.92
$21.47
$20.07
$22.06
Jack in the Box restaurants:
Company-operated average unit volume (2)
$1,557
$1,405
$1,297
$1,420
$1,439
Franchise-operated average unit volume (2)(3)
$1,313
$1,286
$1,287
$1,400
$1,410
System average unit volume (2)(3)
$1,379
$1,331
$1,292
$1,412
$1,429
Change in company-operated same-store sales
4.6%
3.1%
(8.6)%
(1.2)%
0.2%
Change in franchise-operated same-store sales (3)
3.0%
1.3%
(7.8)%
(1.3)%
0.1%
Change in system same-store sales (3)
3.4%
1.8%
(8.2)%
(1.3)%
0.2%
Qdoba restaurants:
Company-operated average unit volume (2)
$ 976
$ 922
$885
$905
$1,037
Franchise-operated average unit volume (2)(3)
$958
$987
$ 943
$905
$919
System average unit volume (2)(3)
$ 966
$961
$ 923
$905
$ 946
Change in company-operated same-store sales
2.8%
5.1%
0.8 %
(5.0)%
3.3%
Change in franchise-operated same-store sales (3)
1.9%
5.4%
3.6 %
(1.3)%
1.0%
Change in system same-store sales (3)
2.4%
5.3%
2.8 %
(2.3)%
1.6%
Capital expenditures
$80,200
$129,312
$95,610
$153,500
$178,605
Total assets
$1,463,725
$1,432,322
$ 1,407,092
$ 1,455,910
$1,498,418
Long-term debt
$405,276
$447,350
$352,630
$357,270
$516,250
Stockholders’ equity
$411,945
$405,956
$520,463
$524,489
$457,111
____________________________
(1) Weighted-average shares reflect the impact of common stock repurchases under Board-approved programs.
(2) Fiscal 2010 average unit volumes have been adjusted to exclude the 53 rd week for the purpose of comparison to other years.
(3) Changes in same-store sales and average unit volume are presented for franchise restaurants and on a system-wide basis, which includes company and franchise restaurants.
Franchise sales represent sales at franchise restaurants and are revenues of our franchisees. We do not record franchise sales as revenues; however, our royalty revenues are
calculated based on a percentage of franchise sales. We believe franchise and system sales growth and average unit volume information is useful to investors as a significant
indicator of the overall strength of our business as it incorporates our significant revenue drivers which are company and franchise same-store sales as well as net unit
development. Company, franchise and system changes in same-store sales include the results of all restaurants that have been open more than one year.
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