Dunkin' Donuts 2013 Annual Report Download - page 64

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See accompanying notes to consolidated financial statements.
-54-
DUNKIN’ BRANDS GROUP, INC. AND SUBSIDIARIES
Consolidated Statements of Operations
(In thousands, except per share data)
Fiscal year ended
December 28,
2013
December 29,
2012
December 31,
2011
Revenues:
Franchise fees and royalty income $ 453,976 418,940 398,474
Rental income 96,082 96,816 92,145
Sales of ice cream products 112,276 94,659 100,068
Sales at company-owned restaurants 24,976 22,922 12,154
Other revenues 26,530 24,844 25,357
Total revenues 713,840 658,181 628,198
Operating costs and expenses:
Occupancy expenses—franchised restaurants 52,097 52,072 51,878
Cost of ice cream products 79,278 69,019 72,329
Company-owned restaurant expenses 24,480 23,133 12,854
General and administrative expenses, net 228,010 239,574 227,771
Depreciation 22,423 29,084 24,497
Amortization of other intangible assets 26,943 26,943 28,025
Long-lived asset impairment charges 563 1,278 2,060
Total operating costs and expenses 433,794 441,103 419,414
Net income (loss) of equity method investments:
Net income, excluding impairment 19,243 22,351 16,277
Impairment charge, net of tax (873)—
(19,752)
Total net income (loss) of equity method investments 18,370 22,351 (3,475)
Other operating income, net 6,320 — —
Operating income 304,736 239,429 205,309
Other income (expense):
Interest income 404 543 623
Interest expense (80,235)(74,031)(105,072)
Loss on debt extinguishment and refinancing transactions (5,018)(3,963)(34,222)
Other gains (losses), net (1,799) 23 175
Total other expense (86,648)(77,428)(138,496)
Income before income taxes 218,088 162,001 66,813
Provision for income taxes 71,784 54,377 32,371
Net income including noncontrolling interests 146,304 107,624 34,442
Net loss attributable to noncontrolling interests (599)(684)—
Net income attributable to Dunkin' Brands $ 146,903 108,308 34,442
Earnings (loss) per share:
Class L—basic and diluted n/a n/a $ 6.14
Common—basic $ 1.38 0.94 (1.41)
Common—diluted 1.36 0.93 (1.41)
Cash dividends declared per common share 0.76 0.60 —