Baskin Robbins 2015 Annual Report Download - page 38

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-28-
Item 6. Selected Financial Data.
The following table sets forth our selected historical consolidated financial and other data, and should be read in conjunction
with “Management’s discussion and analysis of financial condition and results of operations” and the consolidated financial
statements and the related notes thereto appearing elsewhere in this Annual Report on Form 10-K. The selected historical
financial data has been derived from our audited consolidated financial statements. Historical results are not necessarily
indicative of the results to be expected for future periods. The data in the following table related to adjusted operating income,
adjusted net income, points of distribution, comparable store sales growth, franchisee-reported sales, company-operated POD
sales by brand, and systemwide sales growth are unaudited for all periods presented. The data for fiscal year 2011 reflects the
results of operations for a 53-week period. All other periods presented reflect the results of operations for 52-week periods.
Fiscal Year
2015 2014 2013 2012 2011
($ in thousands, except per share data)
Consolidated Statements of Operations
Data:
Franchise fees and royalty income $ 513,222 482,329 453,976 418,940 398,474
Rental income 100,422 97,663 96,082 96,816 92,145
Sales of ice cream and other products(1) 115,252 117,484 112,276 94,659 100,068
Sales at company-operated restaurants 28,340 22,206 24,976 22,922 12,154
Other revenues(1) 53,697 29,027 26,530 24,844 25,357
Total revenues 810,933 748,709 713,840 658,181 628,198
Amortization of intangible assets 24,688 25,760 26,943 26,943 28,025
Other operating costs and expenses(2)(3) 426,363 406,775 409,688 416,469 392,448
Total operating costs and expenses 451,051 432,535 436,631 443,412 420,473
Net income (loss) of equity method
investments(4) (41,745) 14,846 18,370 22,351 (3,475)
Other operating income, net 1,430 7,838 9,157 2,309 1,059
Operating income 319,567 338,858 304,736 239,429 205,309
Interest expense, net (96,341) (67,824)(79,831)(73,488)(104,449)
Loss on debt extinguishment and refinancing
transactions (20,554) (13,735)(5,018)(3,963)(34,222)
Other gains (losses), net (1,084) (1,566)(1,799) 23 175
Income before income taxes 201,588 255,733 218,088 162,001 66,813
Net income attributable to Dunkin’ Brands $ 105,227 176,357 146,903 108,308 34,442
Earnings (loss) per share:
Class L—basic and diluted n/a n/a n/a n/a 6.14
Common—basic $ 1.10 1.67 1.38 0.94 (1.41)
Common—diluted 1.08 1.65 1.36 0.93 (1.41)