Papa Johns 2000 Annual Report Download - page 29

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24
Selected Financial Data
(In thousands, except per share data) Year Ended (1)
Dec. 31, Dec. 26, Dec. 27, Dec. 28, Dec. 29,
2000 1999 1998 1997 1996
Systemwide Restaurant Sales
Domestic: Company-owned 456,637$ 394,636$ 344,089$ 262,272$ 171,457$
Domestic: Franchised 1,212,369 1,031,277 812,005 605,337 447,739
International: Franchised 17,723 6,803 177 - -
United Kingdom: Company-owned 4,305 455 - - -
United Kingdom: Franchised 60,578 5,175 - - -
Total 1,751,612$ 1,438,346$ 1,156,271$ 867,609$ 619,196$
Income Statement Data
Domestic revenues:
Restaurant sales 456,637$ 394,636$ 344,089$ 262,272$ 171,457$
Franchise royalties 47,145 40,567 32,120 23,875 17,688
Franchise and development fees 5,559 6,511 5,325 5,162 4,061
Commissary sales 351,255 306,909 255,083 184,407 141,654
Equipment and other sales 53,233 53,078 45,404 39,952 26,959
International revenues:
Royalties and franchise and development fees 5,302 1,063 131 - -
Restaurant and commissary sales 25,546 2,561 - - -
Total revenues 944,677 805,325 682,152 515,668 361,819
Operating income before special charges 82,511 78,588 53,688 35,437 22,761
Advertising litigation 1,017 6,104 - - -
Special charge 24,105 - - - -
Operating income 57,389 72,484 53,688 35,437 22,761
Investment income 1,943 3,384 4,100 4,196 3,484
Interest expense (7,746) (151) (643) (296) (188)
Income before income taxes and cumulative effect
of a change in accounting principle 51,586 75,717 57,145 39,337 26,057
Income tax expense 19,762 28,431 22,181 15,772 10,932
Income before cumulative effect of a change in
accounting principle 31,824 47,286 34,964 23,565 15,125
Cumulative effect of accounting change, net of tax (2) - - (2,603) - -
Net income 31,824$ 47,286$ 32,361$ 23,565$ 15,125$
Basic earnings per common share:
Income before cumulative effect of a change in
accounting principle 1.29$ 1.57$ 1.18$ .81$ .54$
Cumulative effect of accounting change, net of tax (2) - - (.09) - -
Basic earnings per common share 1.29$ 1.57$ 1.09$ .81$ .54$
Earnings per common share - assuming dilution:
Income before cumulative effect of a change in
accounting principle 1.28$ 1.52$ 1.15$ .79$ .53$
Cumulative effect of accounting change, net of tax (2) - - (.09) - -
Earnings per common share - assuming dilution: 1.28$ 1.52$ 1.06$ .79$ .53$
Basic weighted average shares outstanding 24,703 30,195 29,537 29,044 28,138
Diluted weighted average shares outstanding 24,907 31,080 30,455 29,720 28,798
Balance Sheet Data
Total assets 395,658$ 372,051$ 319,724$ 253,413$ 214,392$
Total debt 146,607 6,233 8,420 5,905 5,230
Stockholders’ equity 166,321 292,133 254,170 206,996 178,194