Jack In The Box 2014 Annual Report Download - page 22
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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 and our distribution business for years 2010 through 2014. 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.
(in thousands, except per share data)
Total revenues
$ 1,484,131
$ 1,489,867
$ 1,509,295
$ 1,632,825
$ 1,878,126
Total operating costs and expenses
$ 1,318,275
$ 1,356,302
$ 1,417,624
$ 1,542,752
$ 1,805,601
Losses (gains) on the sale of company-operated restaurants, net
3,548
(4,640)
(29,145)
(61,125)
(54,988)
Total operating costs and expenses, net
$ 1,321,823
$ 1,351,662
$ 1,388,479
$ 1,481,627
$ 1,750,613
Earnings from continuing operations
$ 94,844
$ 82,608
$ 68,104
$ 85,878
$ 73,674
Earnings per share from continuing operations:
Basic
$ 2.33
$ 1.91
$ 1.55
$ 1.74
$ 1.34
Diluted
$ 2.26
$ 1.84
$ 1.52
$ 1.71
$ 1.32
Cash dividends declared per common share
$ 0.40
$ —
$ —
—
—
Weighted-average shares outstanding — Diluted (1)
41,973
44,899
44,948
50,085
55,843
Market price at year-end
$ 65.73
$ 40.10
$ 28.11
$ 19.92
$ 21.47
Jack in the Box restaurants:
Company-operated average unit volume (2)
$ 1,708
$ 1,606
$ 1,557
$ 1,405
$ 1,297
Franchise-operated average unit volume (2)(3)
$ 1,337
$ 1,312
$ 1,313
$ 1,286
$ 1,287
System average unit volume (2)(3)
$ 1,412
$ 1,381
$ 1,379
$ 1,331
$ 1,292
Change in company-operated same-store sales
2.0%
1.0%
4.6%
3.1%
(8.6)%
Change in franchise-operated same-store sales (3)
2.0%
0.1%
3.0%
1.3%
(7.8)%
Change in system same-store sales (3)
2.0%
0.3%
3.4%
1.8%
(8.2)%
Qdoba restaurants:
Company-operated average unit volume (2)(4)
$ 1,114
$ 1,080
$ 1,060
$ 1,003
$ 972
Franchise-operated average unit volume (2)(3)
$ 1,028
$ 961
$ 958
$ 987
$ 943
System average unit volume (2)(3)(4)
$ 1,070
$ 1,017
$ 1,000
$ 992
$ 951
Change in company-operated same-store sales (4)
5.7%
0.5%
3.2%
5.4%
0.6 %
Change in franchise-operated same-store sales (3)
6.3%
1.1%
1.9%
5.4%
3.6 %
Change in system same-store sales (3)(4)
6.0%
0.8%
2.5%
5.4%
2.9 %
Capital expenditures
$ 60,525
$ 84,690
$ 80,200
$ 129,312
$ 95,610
Total assets
$ 1,270,665
$ 1,319,209
$ 1,463,725
$ 1,432,322
$ 1,407,092
Long-term debt, excluding current maturities
$ 497,012
$ 349,393
$ 405,276
$ 447,350
$ 352,630
Stockholders’ equity
$ 257,911
$ 472,018
$ 411,945
$ 405,956
$ 520,463
____________________________
(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 53rd 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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