Jack In The Box 2014 Annual Report Download - page 47

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





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Revenues:
Company restaurant sales
$ 1,120,912
$ 1,143,780
$ 1,183,483
Franchise revenues
363,219
346,087
325,812
1,484,131
1,489,867
1,509,295
Operating costs and expenses, net:
Company restaurant costs:
Food and packaging
357,338
372,685
389,235
Payroll and employee benefits
308,494
320,384
338,210
Occupancy and other
247,861
255,586
266,440
Total company restaurant costs
913,693
948,655
993,885
Franchise costs
182,886
173,567
166,078
Selling, general and administrative expenses
206,788
220,641
224,852
Impairment and other charges, net
14,908
13,439
32,809
Losses (gains) on the sale of company-operated restaurants
3,548
(4,640)
(29,145)
1,321,823
1,351,662
1,388,479
Earnings from operations
162,308
138,205
120,816
Interest expense, net
15,678
15,251
18,874
Earnings from continuing operations and before income taxes
146,630
122,954
101,942
Income taxes
51,786
40,346
33,838
Earnings from continuing operations
94,844
82,608
68,104
Losses from discontinued operations, net of income tax benefit
(5,894)
(31,456)
(10,453)
Net earnings
$ 88,950
$ 51,152
$ 57,651
Net earnings per share — basic:
Earnings from continuing operations
$ 2.33
$ 1.91
$ 1.55
Losses from discontinued operations
(0.14)
(0.73)
(0.24)
Net earnings per share
$ 2.18
$ 1.18
$ 1.31
Net earnings per share — diluted:
Earnings from continuing operations
$ 2.26
$ 1.84
$ 1.52
Losses from discontinued operations
(0.14)
(0.70)
(0.23)
Net earnings per share
$ 2.12
$ 1.14
$ 1.28
Weighted-average shares outstanding:
Basic
40,781
43,351
43,999
Diluted
41,973
44,899
44,948
Cash dividends declared per common share
$ 0.40
$ —
$ —
See accompanying notes to consolidated financial statements.
F-4