Jack In The Box 2010 Annual Report Download - page 20

Table of Contents
ITEM 6. SELECTED FINANCIAL DATA
Our fiscal year is 52 or 53 weeks, ending the Sunday closest to September 30. All years presented include 52 weeks, except for 2010
which includes 53 weeks. The selected financial data reflects Quick Stuff as discontinued operations for fiscal years 2006 through 2009.
The following selected financial data of Jack in the Box Inc. for each fiscal year was extracted or derived from our audited financial
statements.
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    


Total revenues $ 2,297,531 $ 2,471,096 $ 2,539,561 $ 2,513,431 $ 2,381,244
Total operating costs and expenses 2,230,609 2,318,470 2,390,022 2,334,526 2,244,383
Gains on the sale of company-operated
restaurants, net (54,988) (78,642) (66,349) (38,091) (40,464)
Total operating costs and expenses, net 2,175,621 2,239,828 2,323,673 2,296,435 2,203,919
Earnings from operations 121,910 231,268 215,888 216,996 177,325
Interest expense, net 15,894 20,767 27,428 23,335 12,056
Income taxes 35,806 79,455 70,251 68,982 58,845
Earnings from continuing operations $ 70,210 $ 131,046 $ 118,209 $ 124,679 $ 106,424

Earnings per share from continuing operations:
Basic $ 1.27 $ 2.31 $ 2.03 $ 1.91 $ 1.52
Diluted $ 1.26 $ 2.27 $ 1.99 $ 1.85 $ 1.48
Weighted-average shares outstanding – Diluted (1) 55,843 57,733 59,445 67,263 71,834
Market price at year-end $ 21.47 $ 20.07 $ 22.06 $ 32.42 $ 26.09
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Jack in the Box restaurants:
Company-operated average unit volume (3) $ 1,297 $ 1,420 $ 1,439 $ 1,430 $ 1,358
Change in company-operated same-store sales (4) (8.6)% (1.2)% 0.2% 6.1% 4.8%
Change in franchise-operated same-store sales (4) (7.8)% (1.3)% 0.1% 5.3% 3.5%
Change in system same-store sales (4) (8.2)% (1.3)% 0.2% 5.8% 4.5%
Qdoba restaurants:
System average unit volume (3) $ 923 $ 905 $ 946 $ 953 $ 933
Change in system same-store sales(4) 2.8% (2.3)% 1.6% 4.6% 5.9%
SG&A rate 10.6% 10.5% 10.4% 11.6% 12.5%
Capital expenditures related to continuing operations $ 95,610 $ 153,500 $ 178,605 $ 148,508 $ 135,022
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Total assets $ 1,407,092 $ 1,455,910 $ 1,498,418 $ 1,374,690 $ 1,513,499
Long-term debt 352,630 357,270 516,250 427,516 254,231
Stockholders’ equity (2) 520,463 524,489 457,111 409,585 706,633
(1) Weighted-average shares reflect the impact of common stock repurchases under Board-approved programs.
(2) Fiscal 2007 includes a reduction in stockholders’ equity of $363.4 million related to shares repurchased and retired during the year.
(3) 2010 average unit volume is adjusted to exclude the 53rd week for the purpose of comparison to prior years.
(4) Same-store sales, sales growth and average unit volume presented on a system-wide basis include company and franchise restaurants. Franchise sales
represent sales at all franchise restaurants and are revenues to our franchisees. We do not record franchise sales as revenues; however, our royalty revenues
are calculated based on a percentage of franchise sales. We believe franchise and system sales growth information is useful to investors as a significant
indicator of the overall strength of our business as it incorporates our significant revenue drivers which are company and franchise same-store sales as well as
net unit development. Company, franchise and system same-store sales growth includes the results of all restaurants that have been open more than one year.
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