Buffalo Wild Wings 2014 Annual Report Download - page 26

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25
ITEM 6. SELECTED FINANCIAL DATA
The following summary information should be read in conjunction with the Consolidated Financial Statements and
related notes thereto set forth in Item 8 of this Form 10-K.
Fiscal Years Ended (1)
Dec 28,
2014 Dec 29,
2013 Dec 30,
2012 Dec 25,
2011 Dec 26,
2010
(in thousands, except per share data)
Consolidated Statements of Earnings Data:
Revenue:
Restaurant sales $ 1,422,990 1,185,351 963,963 717,395 555,184
Franchise royalties and fees 93,233 81,368 76,567 67,083 58,072
Total revenue 1,516,223 1,266,719 1,040,530 784,478 613,256
Costs and expenses:
Restaurant operating costs:
Cost of sales 413,890 363,755 303,653 203,291 160,877
Labor 444,232 360,302 289,167 215,649 167,193
Operating 209,583 174,338 141,417 109,654 88,694
Occupancy 78,931 68,394 54,147 44,005 36,501
Depreciation and amortization 98,454 84,978 67,462 49,913 39,205
General and administrative 118,038 96,182 84,149 72,689 53,996
Preopening 13,544 14,647 14,630 14,564 8,398
Loss on asset disposals and impairment 3,827 3,262 3,291 1,929 2,051
Total costs and expenses 1,380,499 1,165,858 957,916 711,694 556,915
Income from operations 135,724 100,861 82,614 72,784 56,341
Investment income (loss) (317) 674 754 118 684
Earnings before income taxes 135,407 101,535 83,368 72,902 57,025
Income tax expense 41,352 29,981 26,093 22,476 18,625
Net earnings including non-controlling interests 94,055 71,554 57,275 50,426 38,400
Net loss attributable to noncontrolling interests (39) — — — —
Net earnings attributable to Buffalo Wild Wings $ 94,094 71,554 57,275 50,426 38,400
Earnings per common share – basic $ 4.98 3.81 3.08 2.75 2.11
Earnings per common share – diluted $ 4.95 3.79 3.06 2.73 2.10
Weighted average shares outstanding – basic 18,908 18,770 18,582 18,337 18,175
Weighted average shares outstanding – diluted 19,002 18,872 18,705 18,483 18,270
Consolidated Statements of Cash Flow Data:
Net cash provided by operating activities $ 217,866 179,360 145,188 148,260 89,699
Net cash used in investing activities (179,029) (145,741) (142,753) (146,682) (85,226)
Net cash (used in) provided by financing activities (1,942) 3,039 (1,588) 3,690 1,265
As Of (1)
Dec 28,
2014 Dec 29,
2013 Dec 30,
2012 Dec 25,
2011 Dec 26,
2010
(in thousands)
Consolidated Balance Sheets Data:
Total current assets $ 263,929 182,756 125,536 139,245 134,204
Total assets 853,466 705,728 591,087 495,359 380,357
Total current liabilities 195,485 166,474 140,843 114,270 79,116
Total liabilities 279,167 239,920 207,715 177,373 123,536
Retained earnings 427,695 333,601 262,047 204,772 154,346
Total equity 574,299 465,808 383,372 317,986 256,821
(1) We utilize a 52- or 53-week accounting period that ends on the last Sunday in December. Each of the fiscal years in the two years ended December 25,
2011 were comprised of 52 weeks. The fiscal year ended December 30, 2012 was a 53-week year. Each of the fiscal years in the two years ended
December 28, 2014 were comprised of 52 weeks.