Jack In The Box 2010 Annual Report Download - page 44

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Table of Contents




  
Revenues:
Company restaurant sales $ 1,668,527 $ 1,975,842 $ 2,101,576
Distribution sales 397,977 302,135 275,225
Franchise revenues 231,027 193,119 162,760
2,297,531 2,471,096 2,539,561
Operating costs and expenses, net:
Company restaurant costs:
Food and packaging 530,613 639,916 700,755
Payroll and employee benefits 505,138 587,551 624,600
Occupancy and other 398,066 428,979 438,788
Total company restaurant costs 1,433,817 1,656,446 1,764,143
Distribution costs 399,707 300,934 273,369
Franchise costs 104,845 78,414 64,955
Selling, general and administrative expenses 243,353 260,662 264,798
Impairment and other charges, net 48,887 22,014 22,757
Gains on the sale of company-operated restaurants, net (54,988) (78,642) (66,349)
2,175,621 2,239,828 2,323,673
Earnings from operations 121,910 231,268 215,888
Interest expense, net 15,894 20,767 27,428
Earnings from continuing operations and before income taxes 106,016 210,501 188,460
Income taxes 35,806 79,455 70,251
Earnings from continuing operations 70,210 131,046 118,209
Earnings (losses) from discontinued operations, net - (12,638) 1,070
Net earnings $ 70,210 $ 118,408 $ 119,279
Net earnings per share – basic:
Earnings from continuing operations $ 1.27 $ 2.31 $ 2.03
Earnings (losses) from discontinued operations, net - (0.23) 0.02
Net earnings per share $ 1.27 $ 2.08 $ 2.05
Net earnings per share – diluted:
Earnings from continuing operations $ 1.26 $ 2.27 $ 1.99
Earnings (losses) from discontinued operations, net - (0.22) 0.02
Net earnings per share $ 1.26 $ 2.05 $ 2.01
Weighted-average shares outstanding:
Basic 55,070 56,795 58,249
Diluted 55,843 57,733 59,445
See accompanying notes to consolidated financial statements.
F-4