Chipotle 2012 Annual Report Download - page 30
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ITEM 6. SELECTED FINANCIAL DATA
Our selected consolidated financial data shown below should be read together with Item 7. “Management’s
Discussion and Analysis of Financial Condition and Results of Operations” and our consolidated financial
statements and respective notes included in Item 8. “Financial Statements and Supplementary Data.” The data
shown below are not necessarily indicative of results to be expected for any future period (in thousands, except
per share data).
For the years ended December 31
2012 2011 2010 2009 2008
Statement of Income:
Revenue ................ $ 2,731,224 $ 2,269,548 $ 1,835,922 $ 1,518,417 $ 1,331,968
Food, beverage and
packaging costs ........ 891,003 738,720 561,107 466,027 431,947
Labor costs ............. 641,836 543,119 453,573 385,072 351,005
Occupancy costs ......... 171,435 147,274 128,933 114,218 98,071
Other operating costs ...... 286,610 251,208 202,904 174,581 164,018
General and administrative
expenses ............. 183,409 149,426 118,590 99,149 89,155
Depreciation and
amortization ........... 84,130 74,938 68,921 61,308 52,770
Pre-opening costs ........ 11,909 8,495 7,767 8,401 11,624
Loss on disposal of assets . . 5,027 5,806 6,296 5,956 9,339
Total operating expenses . . . 2,275,359 1,918,986 1,548,091 1,314,712 1,207,929
Income from operations . . . 455,865 350,562 287,831 203,705 124,039
Interest and other income
(expense), net ......... 1,820 (857) 1,230 520 3,167
Income before income
taxes ................. 457,685 349,705 289,061 204,225 127,206
Provision for income
taxes ................. (179,685) (134,760) (110,080) (77,380) (49,004)
Net income ............. $ 278,000 $ 214,945 $ 178,981 $ 126,845 $ 78,202
Earnings per share
Basic .............. $ 8.82 $ 6.89 $ 5.73 $ 3.99 $ 2.39
Diluted ............. $ 8.75 $ 6.76 $ 5.64 $ 3.95 $ 2.36
Weighted average common
shares outstanding
Basic .............. 31,513 31,217 31,234 31,766 32,766
Diluted ............. 31,783 31,775 31,735 32,102 33,146
As of December 31
2012 2011 2010 2009 2008
Balance Sheet Data:
Total current assets ....... $ 546,607 $ 501,192 $ 406,221 $ 297,454 $ 211,072
Total assets ............. $ 1,668,667 $ 1,425,308 $ 1,121,605 $ 961,505 $ 824,985
Total current liabilities .... $ 186,852 $ 157,453 $ 123,054 $ 102,153 $ 76,788
Total liabilities .......... $ 422,741 $ 381,082 $ 310,732 $ 258,044 $ 202,395
Total shareholders’
equity ................ $ 1,245,926 $ 1,044,226 $ 810,873 $ 703,461 $ 622,590
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Annual Report