Jack In The Box 2015 Annual Report Download - page 21
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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. The selected financial data reflects as
discontinued operations, 62 closed Qdoba stores and our distribution business for all years presented. 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
$ 1,540,317
$ 1,484,131
$ 1,489,867
$ 1,509,295
$ 1,632,825
Operating costs and expenses
$ 1,340,005
$ 1,318,275
$ 1,356,302
$ 1,417,624
$ 1,542,752
Losses (gains) on the sale of company-operated restaurants, net
3,139
3,548
(4,640)
(29,145)
(61,125)
Total operating costs and expenses, net
$ 1,343,144
$ 1,321,823
$ 1,351,662
$ 1,388,479
$ 1,481,627
Earnings from continuing operations
$ 112,601
$ 94,844
$ 82,608
$ 68,104
$ 85,878
Earnings per share from continuing operations:
Basic
$ 3.00
$ 2.33
$ 1.91
$ 1.55
$ 1.74
Diluted
$ 2.95
$ 2.26
$ 1.84
$ 1.52
$ 1.71
Cash dividends declared per common share
$ 1.00
$ 0.40
$ —
$ —
$ —
Weighted-average shares outstanding — Diluted (2)
38,215
41,973
44,899
44,948
50,085
Market price at year-end
$ 79.71
$ 65.73
$ 40.10
$ 28.11
$ 19.92
Jack in the Box restaurants:
Company-operated average unit volume
$ 1,858
$ 1,708
$ 1,606
$ 1,557
$ 1,405
Franchise-operated average unit volume (3)
$ 1,429
$ 1,337
$ 1,312
$ 1,313
$ 1,286
System average unit volume (3)
$ 1,510
$ 1,412
$ 1,381
$ 1,379
$ 1,331
Change in company-operated same-store sales
5.1%
2.0%
1.0%
4.6%
3.1%
Change in franchise-operated same-store sales (3)
7.0%
2.0%
0.1%
3.0%
1.3%
Change in system same-store sales (3)
6.5%
2.0%
0.3%
3.4%
1.8%
Qdoba restaurants:
Company-operated average unit volume (4)
$ 1,199
$ 1,114
$ 1,080
$ 1,060
$ 1,003
Franchise-operated average unit volume (3)
$ 1,140
$ 1,028
$ 961
$ 958
$ 987
System average unit volume (3)(4)
$ 1,169
$ 1,070
$ 1,017
$ 1,000
$ 992
Change in company-operated same-store sales (4)
8.3%
5.7%
0.5%
3.2%
5.4%
Change in franchise-operated same-store sales (3)
10.4%
6.3%
1.1%
1.9%
5.4%
Change in system same-store sales (3)(4)
9.3%
6.0%
0.8%
2.5%
5.4%
Capital expenditures
$ 86,226
$ 60,525
$ 84,690
$ 80,200
$ 129,312
Total assets
$ 1,303,979
$ 1,270,665
$ 1,319,209
$ 1,463,725
$ 1,432,322
Long-term debt, excluding current maturities
$ 688,579
$ 497,012
$ 349,393
$ 405,276
$ 447,350
Stockholders’ equity
$ 15,953
$ 257,911
$ 472,018
$ 411,945
$ 405,956
____________________________
(1) Financial data was extracted or derived from our audited financial statements.
(2) Weighted-average shares reflect the impact of common stock repurchases under Board-approved programs.
(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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