Panera Bread 2011 Annual Report Download - page 31

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23
Consolidated Statements of Operations Margin Analysis
The following table sets forth the percentage relationship to total revenues, except where otherwise indicated, of certain items
included in our Consolidated Statements of Operations for the periods indicated. Percentages may not add due to rounding:
Revenues:
Bakery-cafe sales, net
Franchise royalties and fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Fresh dough and other product sales to franchisees . . . . . . . . . . . . . . . . . . .
Total revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Costs and expenses:
Bakery-cafe expenses (1):
Cost of food and paper products . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Labor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Occupancy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Other operating expenses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Total bakery-cafe expenses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Fresh dough and other product cost of sales to franchisees (2) . . . . . . . . . .
Depreciation and amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
General and administrative expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Pre-opening expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Total costs and expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Operating profit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Interest expense. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Other (income) expense, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Income before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Net income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Less: net (loss) income attributable to noncontrolling interest . . . . . . . . . . . .
Net income attributable to Panera Bread Company. . . . . . . . . . . . . . . . .
For the fiscal year ended
December 27,
2011
87.4%
5.1
7.5
100.0%
29.5%
30.4
7.2
13.6
80.7
85.3
4.4
6.2
0.4
87.9
12.1
—
—
12.1
4.6
7.5
—
7.5%
December 28,
2010
85.7%
5.6
8.8
100.0%
28.4%
31.7
7.6
13.4
81.1
82.1
4.5
6.6
0.3
88.0
12.0
—
0.3
11.7
4.4
7.2
—
7.3%
December 29,
2009
85.2%
5.8
9.0
100.0%
29.3%
32.1
8.3
13.5
83.2
82.2
5.0
6.1
0.2
89.6
10.4
0.1
—
10.3
3.9
6.4
0.1
6.4%
(1) As a percentage of net bakery-cafe sales.
(2) As a percentage of fresh dough and other product sales to franchisees.