Jack In The Box 2013 Annual Report Download - page 20

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 2010 which includes 53
weeks. The selected financial data reflects as discontinued operations, 62 closed Qdoba stores for years 2009 through 2013, our distribution business for
fiscal years 2009 through 2013 and Quick Stuff, a convenience store and fuel station concept sold in fiscal 2009, for fiscal year 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. This selected financial data should be
read in conjunction with our audited consolidated financial statements and accompanying notes and Management’s Discussion and Analysis of Financial
Condition and Results of Operations included elsewhere in this Annual Report on Form 10-K. Our consolidated financial information may not be indicative of
our future performance.
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(in thousands, except per share data)
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Total revenues
$1,489,867
$1,509,295
$1,632,825
$1,878,126
$2,153,640
Total operating costs and expenses
$1,356,302
$1,417,624
$1,542,752
$ 1,805,601
$1,998,444
Gains on the sale of company-operated restaurants, net
(4,640)
(29,145)
(61,125)
(54,988)
(78,642)
Total operating costs and expenses, net
$1,351,662
$1,388,479
$1,481,627
$ 1,750,613
$1,919,802
Earnings from continuing operations
$82,608
$68,104
$85,878
$73,674
$132,407
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Earnings per share from continuing operations:
Basic
$1.91
$1.55
$1.74
$1.34
$2.33
Diluted
$1.84
$1.52
$1.71
$1.32
$2.29
Weighted-average shares outstanding — Diluted (1)
44,899
44,948
50,085
55,843
57,733
Market price at year-end
$40.10
$28.11
$19.92
$21.47
$20.07
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Jack in the Box restaurants:
Company-operated average unit volume (2)
$1,606
$1,557
$1,405
$1,297
$1,420
Franchise-operated average unit volume (2)(3)
$1,312
$1,313
$1,286
$1,287
$1,400
System average unit volume (2)(3)
$1,381
$1,379
$1,331
$1,292
$1,412
Change in company-operated same-store sales
1.0%
4.6%
3.1%
(8.6)%
(1.2)%
Change in franchise-operated same-store sales (3)
0.1%
3.0%
1.3%
(7.8)%
(1.3)%
Change in system same-store sales (3)
0.3%
3.4%
1.8%
(8.2)%
(1.3)%
Qdoba restaurants:
Company-operated average unit volume (2)(4)
$1,080
$1,060
$1,003
$ 972
$1,010
Franchise-operated average unit volume (2)(3)
$961
$958
$987
$ 943
$905
System average unit volume (2)(3)(4)
$1,017
$1,000
$ 992
$951
$930
Change in company-operated same-store sales (4)
0.5%
3.2%
5.4%
0.6 %
(4.3)%
Change in franchise-operated same-store sales (3)
1.1%
1.9%
5.4%
3.6 %
(1.3)%
Change in system same-store sales (3)(4)
0.8%
2.5%
5.4%
2.9 %
(2.1)%
Capital expenditures
$84,690
$80,200
$129,312
$95,610
$153,500
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Total assets
$ 1,319,209
$1,463,725
$1,432,322
$ 1,407,092
$ 1,455,910
Long-term debt
$349,393
$405,276
$447,350
$352,630
$357,270
Stockholders’ equity
$472,018
$411,945
$405,956
$520,463
$524,489
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(1) Weighted-average shares reflect the impact of common stock repurchases under Board-approved programs.
(2) Fiscal 2010 average unit volumes have been adjusted to exclude the 53 rd week for the purpose of comparison to other years.
(3) Changes in same-store sales and average unit volume are presented for franchise restaurants and on a system-wide basis, which includes company and franchise restaurants.
Franchise sales represent sales at franchise restaurants and are revenues of 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 and average unit volume 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 changes in same-store sales include the results of all restaurants that have been open more than one year.
(4) Average unit volumes and same-store sales for all periods presented have been restated to exclude sales for restaurants reported as discontinued operations.
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