Dunkin' Donuts 2015 Annual Report Download - page 66

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See accompanying notes to consolidated financial statements.
-56-
DUNKIN’ BRANDS GROUP, INC. AND SUBSIDIARIES
Consolidated Statements of Operations
(In thousands, except per share data)
Fiscal year ended
December 26,
2015
December 27,
2014
December 28,
2013
Revenues:
Franchise fees and royalty income $ 513,222 482,329 453,976
Rental income 100,422 97,663 96,082
Sales of ice cream and other products 115,252 117,484 112,276
Sales at company-operated restaurants 28,340 22,206 24,976
Other revenues 53,697 29,027 26,530
Total revenues 810,933 748,709 713,840
Operating costs and expenses:
Occupancy expenses—franchised restaurants 54,611 53,395 52,097
Cost of ice cream and other products 76,877 83,129 79,278
Company-operated restaurant expenses 29,900 22,687 24,480
General and administrative expenses, net 243,796 226,301 230,847
Depreciation 20,556 19,779 22,423
Amortization of other intangible assets 24,688 25,760 26,943
Long-lived asset impairment charges 623 1,484 563
Total operating costs and expenses 451,051 432,535 436,631
Net income (loss) of equity method investments:
Net income, excluding impairment 12,555 14,846 19,243
Impairment charge (54,300)—
(873)
Net income (loss) of equity method investments (41,745) 14,846 18,370
Other operating income, net 1,430 7,838 9,157
Operating income 319,567 338,858 304,736
Other income (expense), net:
Interest income 424 274 404
Interest expense (96,765)(68,098)(80,235)
Loss on debt extinguishment and refinancing transactions (20,554)(13,735)(5,018)
Other losses, net (1,084)(1,566)(1,799)
Total other expense, net (117,979)(83,125)(86,648)
Income before income taxes 201,588 255,733 218,088
Provision for income taxes 96,359 80,170 71,784
Net income including noncontrolling interests 105,229 175,563 146,304
Net income (loss) attributable to noncontrolling interests 2(794)(599)
Net income attributable to Dunkin’ Brands $ 105,227 176,357 146,903
Earnings per share:
Common—basic $ 1.10 1.67 1.38
Common—diluted 1.08 1.65 1.36
Cash dividends declared per common share 1.06 0.92 0.76