Buffalo Wild Wings 2015 Annual Report Download - page 25

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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 27, 2015 Dec 28, 2014 Dec 29, 2013 Dec 30, 2012 Dec 25, 2011
(in thousands, except per share data)
Consolidated Statements of Earnings Data:
Revenue:
Restaurant sales $ 1,715,000 1,422,990 1,185,351 963,963 717,395
Franchise royalties and fees 97,722 93,233 81,368 76,567 67,083
Total revenue 1,812,722 1,516,223 1,266,719 1,040,530 784,478
Costs and expenses:
Restaurant operating costs:
Cost of sales 507,812 413,890 363,755 303,653 203,291
Labor 542,847 444,232 360,302 289,167 215,649
Operating 250,755 209,583 174,338 141,417 109,654
Occupancy 94,569 78,931 68,394 54,147 44,005
Depreciation and amortization 127,503 98,454 84,978 67,462 49,913
General and administrative 129,133 118,038 96,182 84,149 72,689
Preopening 14,154 13,544 14,647 14,630 14,564
Loss on asset disposals and impairment 7,462 3,827 3,262 3,291 1,929
Total costs and expenses 1,674,235 1,380,499 1,165,858 957,916 711,694
Income from operations 138,487 135,724 100,861 82,614 72,784
Interest and other income (expense) (2,346) (317) 674 754 118
Earnings before income taxes 136,141 135,407 101,535 83,368 72,902
Income tax expense 41,265 41,352 29,981 26,093 22,476
Net earnings including non-controlling interests 94,876 94,055 71,554 57,275 50,426
Net loss attributable to noncontrolling interests (193) (39) — — —
Net earnings attributable to Buffalo Wild Wings $ 95,069 94,094 71,554 57,275 50,426
Earnings per common share – basic $ 5.00 4.98 3.81 3.08 2.75
Earnings per common share – diluted $ 4.97 4.95 3.79 3.06 2.73
Weighted average shares outstanding – basic 19,013 18,908 18,770 18,582 18,337
Weighted average shares outstanding – diluted 19,131 19,002 18,872 18,705 18,483
Consolidated Statements of Cash Flow Data:
Net cash provided by operating activities $ 237,260 217,866 179,360 145,188 148,260
Net cash used in investing activities (365,191) (179,029) (145,741) (142,753) (146,682)
Net cash provided by (used in) financing activities 45,499 (1,942) 3,039 (1,588) 3,690
As Of (1)
Dec 27, 2015 Dec 28, 2014 Dec 29, 2013 Dec 30, 2012 Dec 25, 2011
(in thousands)
Consolidated Balance Sheets Data:
Total current assets $ 197,751 263,929 182,756 125,536 139,245
Total assets 1,072,382 853,466 705,728 591,087 495,359
Total current liabilities 263,623 195,485 166,474 140,843 114,270
Total liabilities 416,645 279,167 239,920 207,715 177,373
Retained earnings 499,085 427,695 333,601 262,047 204,772
Total equity 655,737 574,299 465,808 383,372 317,986
(1) We utilize a 52- or 53-week accounting period that ends on the last Sunday in December. The fiscal year ended December 25, 2011 was comprised of 52
weeks. The fiscal year ended December 30, 2012 was a 53-week year. Each of the fiscal years in the three years ended December 27, 2015 were
comprised of 52 weeks. Our next 53-week year will be the fiscal year ended December 31, 2017.