El Pollo Loco 2015 Annual Report Download - page 42

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Table of Contents
ITEM 6. SELECTED FINANCIAL DATA
The following tables contain selected historical consolidated financial data as of and for fiscal 2014, 2013, and 2012, derived from our audited
consolidated financial statements included elsewhere in this Annual Report. The selected historical financial data for fiscal 2011 is derived from
audited consolidated financial statements not included in this Annual Report. You should read these tables in conjunction with Item 7,
“Management’s Discussion and Analysis of Financial Condition and Results of Operations,” and our audited consolidated financial statements
and the notes thereto.
38
Fiscal Year
2014
2013
2012
2011
Statement of Operations Data:
Revenue
Company
-
operated restaurant revenue
322,516
$
294,327
$
274,928
255,361
Franchise revenue
22,345
20,400
18,682
17,877
Total revenue
344,861
314,727
293,610
273,238
Cost of operations
Food and paper costs
102,611
93,589
85,428
78,873
Labor and related expenses
80,646
75,669
73,406
69,584
Occupancy and other operating expenses
68,538
63,150
61,636
59,269
Company restaurant expenses
251,795
232,408
220,470
207,726
General and administrative expenses
29,519
25,506
24,451
22,828
Franchise expenses
3,704
3,841
3,647
3,862
Depreciation and amortization
11,538
10,213
9,530
9,615
Loss on disposal of assets
646
868
966
197
Asset impairment and close
-
store reserves
1,033
(101
)
1,494
2,014
Total expenses
298,235
272,735
260,558
246,242
Gain on disposition of restaurants
2,658
400
—
—
Income from operations
49,284
42,392
33,052
26,996
Interest expense, net
18,062
36,334
38,890
37,715
Early extinguishment of debt
9,718
21,530
—
20,173
Secondary offering expense
667
—
—
—
Income tax receivable agreement expense
41,382
—
—
—
Income (loss) before benefit (provision) for income taxes
(20,545
)
(15,472
)
(5,838
)
(30,892
)
Benefit (provision) for income taxes
63,008
(1,401
)
(2,027
)
(1,579
)
Net income (loss)
42,463
$
(16,873
)
$
(7,865
)
(32,471
)
Per Share Data:
Net income (loss) per share
Basic
1.32
$
(0.59
)
$
(0.27
)
(1.35
)
Diluted
1.24
$
(0.59
)
$
(0.27
)
(1.35
)
Weighted average shares used in computing net income (loss) per
share
Basic
32,285,484
28,712,622
28,712,194
24,106,380
Diluted
34,346,241
28,712,622
28,712,194
24,106,380
Consolidated Statement of Cash Flows Data:
Net cash provided by operating activities
26,085
$
19,700
$
19,409
6,454
Net cash used in investing activities
(21,401
)
(13,787
)
(14,993
)
(3,709
)
Net cash provided by (used in) financing activities
(10,200
)
(10,385
)
(1,920
)
(6,469
)