Chipotle 2012 Annual Report Download - page 43
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CHIPOTLE MEXICAN GRILL, INC.
CONSOLIDATED STATEMENT OF INCOME AND COMPREHENSIVE INCOME
(in thousands, except per share data)
Years ended December 31
2012 2011 2010
Revenue .......................................... $ 2,731,224 $ 2,269,548 $ 1,835,922
Restaurant operating costs (exclusive of depreciation and
amortization shown separately below):
Food, beverage and packaging ................. 891,003 738,720 561,107
Labor ..................................... 641,836 543,119 453,573
Occupancy ................................ 171,435 147,274 128,933
Other operating costs ........................ 286,610 251,208 202,904
General and administrative expenses .................... 183,409 149,426 118,590
Depreciation and amortization ......................... 84,130 74,938 68,921
Pre-opening costs ................................... 11,909 8,495 7,767
Loss on disposal of assets ............................. 5,027 5,806 6,296
Total operating expenses ......................... 2,275,359 1,918,986 1,548,091
Income from operations .............................. 455,865 350,562 287,831
Interest and other income (expense), net ................. 1,820 (857) 1,230
Income before income taxes ........................... 457,685 349,705 289,061
Provision for income taxes ............................ (179,685) (134,760) (110,080)
Net income ........................................ $ 278,000 $ 214,945 $ 178,981
Other comprehensive income:
Foreign currency translation adjustments ................. 827 (409) 577
Comprehensive income .............................. $ 278,827 $ 214,536 $ 179,558
Earnings per share:
Basic ............................................. $ 8.82 $ 6.89 $ 5.73
Diluted ........................................... $ 8.75 $ 6.76 $ 5.64
Weighted average common shares outstanding:
Basic ............................................. 31,513 31,217 31,234
Diluted ........................................... 31,783 31,775 31,735
See accompanying notes to consolidated financial statements.
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Annual Report