Jack In The Box 2012 Annual Report Download - page 43

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


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
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Revenues:
Company restaurant sales
$ 1,219,214
$1,380,273
$1,668,527
Franchise revenues
325,812
282,066
231,027
1,545,026
1,662,339
1,899,554
Operating costs and expenses, net:
Company restaurant costs:
Food and packaging
400,012
460,790
530,613
Payroll and employee benefits
354,141
414,463
505,138
Occupancy and other
281,516
329,766
398,066
Total company restaurant costs
1,035,669
1,205,019
1,433,817
Franchise costs
166,078
136,148
104,845
Selling, general and administrative expenses
227,003
224,653
243,453
Impairment and other charges, net
32,932
12,583
48,864
Gains on the sale of company-operated restaurants
(29,145)
(61,125)
(54,988)
1,432,537
1,517,278
1,775,991
Earnings from operations
112,489
145,061
123,563
Interest expense, net
18,874
16,855
15,894
Earnings from continuing operations and before income taxes
93,615
128,206
107,669
Income taxes
30,643
46,475
36,631
Earnings from continuing operations
62,972
81,731
71,038
Losses from discontinued operations, net of income tax benefit
(5,321)
(1,131)
(828)
Net earnings
$57,651
$80,600
$70,210
Net earnings per share — basic:
Earnings from continuing operations
$1.43
$1.66
$1.29
Losses from discontinued operations
(0.12)
(0.02)
(0.01)
Net earnings per share
$1.31
$1.63
$1.28
Net earnings per share — diluted:
Earnings from continuing operations
$1.40
$1.63
$1.27
Losses from discontinued operations
(0.12)
(0.02)
(0.01)
Net earnings per share
$1.28
$1.61
$1.26
Weighted-average shares outstanding:
Basic
43,999
49,302
55,070
Diluted
44,948
50,085
55,843
See accompanying notes to consolidated financial statements.
F-3