Chili's 2012 Annual Report Download - page 50

Download and view the complete annual report

Please find page 50 of the 2012 Chili's annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 80

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80

BRINKER INTERNATIONAL, INC.
CONSOLIDATED STATEMENTS OF INCOME
(In thousands, except per share amounts)
Fiscal Years
2012 2011 2010
Revenues .................................................. $2,820,722 $2,761,386 $2,858,498
Operating Costs and Expenses:
Cost of sales ........................................... 769,729 742,283 816,015
Restaurant labor ......................................... 891,910 886,559 926,474
Restaurant expenses ..................................... 649,830 655,060 660,922
Depreciation and amortization ............................. 125,054 128,447 135,832
General and administrative ................................ 143,388 132,834 136,270
Other gains and charges .................................. 8,974 10,783 28,485
Total operating costs and expenses .......................... 2,588,885 2,555,966 2,703,998
Operating income ........................................... 231,837 205,420 154,500
Interest expense ............................................. 26,800 28,311 28,515
Other, net .................................................. (3,772) (6,220) (6,001)
Income before provision for income taxes ........................ 208,809 183,329 131,986
Provision for income taxes .................................... 57,577 42,269 28,264
Income from continuing operations ......................... 151,232 141,060 103,722
Income from discontinued operations, net of taxes ............. 0 0 33,982
Net income ............................................ $ 151,232 $ 141,060 $ 137,704
Basic net income per share:
Income from continuing operations ......................... $ 1.93 $ 1.55 $ 1.02
Income from discontinued operations ........................ $ 0.00 $ 0.00 $ 0.33
Net income per share ..................................... $ 1.93 $ 1.55 $ 1.35
Diluted net income per share:
Income from continuing operations ......................... $ 1.87 $ 1.53 $ 1.01
Income from discontinued operations ........................ $ 0.00 $ 0.00 $ 0.33
Net income per share ..................................... $ 1.87 $ 1.53 $ 1.34
Basic weighted average shares outstanding ....................... 78,559 90,807 102,287
Diluted weighted average shares outstanding ...................... 80,664 92,320 103,044
Dividends per share .......................................... $ 0.64 $ 0.56 $ 0.47
See accompanying notes to consolidated financial statements.
F-14