Jack In The Box 2008 Annual Report Download - page 27

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ITEM 6. SELECTED FINANCIAL DATA
Our fiscal year is 52 or 53 weeks, ending the Sunday closest to September 30. Fiscal 2004 includes 53 weeks;
all other years include 52 weeks. The selected financial data reflects Quick Stuff as a discontinued operation for all
years presented. The following selected financial data of Jack in the Box Inc. for each fiscal year was extracted or
derived from our audited financial statements.
2008 2007 2006 2005 2004(1)
Fiscal Year
(in thousands, except per share data)
Statements of Earnings Data:
Total revenues....................... $2,539,561 $2,513,431 $2,381,244 $2,269,477 $2,192,612
Costs of revenues .................... 2,102,467 2,042,781 1,945,947 1,871,128 1,805,537
Selling, general and administrative
expenses ......................... 287,555 291,745 298,436 272,087 262,809
Gains on sale of company-operated
restaurants........................ (66,349) (38,091) (40,464) (22,093) (16,146)
Total operating costs and expenses........ 2,323,673 2,296,435 2,203,919 2,121,122 2,052,200
Earnings from operations............... 215,888 216,996 177,325 148,355 140,412
Interest expense, net(2) ................ 27,428 23,335 12,056 13,389 25,391
Income taxes........................ 70,251 68,982 58,845 45,405 41,850
Earnings from continuing operations ...... $ 118,209 $ 124,679 $ 106,424 $ 89,561 $ 73,171
Earnings per Share and Share Data:
Earnings per share from continuing
operations:
Basic . ............................ $ 2.03 $ 1.91 $ 1.52 $ 1.26 $ 1.01
Diluted ............................ $ 1.99 $ 1.85 $ 1.48 $ 1.21 $ 0.99
Weighted-average shares outstanding —
Diluted(3) ........................ 59,445 67,263 71,834 73,876 73,923
Market price at year-end ............... $ 22.06 $ 32.42 $ 26.09 $ 14.95 $ 16.16
Other Operating Data:
Jack in the Box change in same-store
sales ............................ 0.2% 6.1% 4.8% 2.4% 4.6%
Jack in the Box restaurant operating
margin .......................... 16.0% 17.9% 17.5% 16.9% 17.0%
SG&A rate ......................... 11.3% 11.6% 12.5% 12.0% 12.0%
Capital expenditures .................. $ 180,569 $ 154,182 $ 150,032 $ 126,134 $ 120,065
Balance Sheet Data (at end of period):
Total assets ......................... $1,498,418 $1,374,690 $1,513,499 $1,332,606 $1,320,527
Long-term debt(2).................... 516,250 427,516 254,231 290,213 297,092
Stockholders’ equity(4) ................ 457,111 409,585 706,633 562,085 550,870
(1) Fiscal 2004 includes 53 weeks. All other periods presented include 52 weeks. The additional week in fiscal
2004 added approximately $0.01 per diluted share to net earnings.
(2) Fiscal 2008 and 2007 reflect higher bank borrowings associated with our revolver and credit facility.
(3) Weighted-average shares reflects the impact of common stock repurchases under Board approved programs.
(4) Fiscal 2007 includes a reduction in stockholders’ equity of $363.4 million related to shares repurchased and
retired during the year.
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