Papa Johns 2000 Annual Report Download - page 32

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Results of Operations
The following tables set forth the percentage relationship to total revenues, unless otherwise indicated, of
certain income statement data, and certain restaurant data for the years indicated.
Year Ended
Dec. 31, Dec. 26, Dec. 27,
2000 1999 1998
Income Statement Data:
Domestic revenues:
Restaurant sales 48.3% 49.0% 50.4%
Franchise royalties 5.0 5.0 4.7
Franchise and development fees 0.6 0.8 0.8
Commissary sales 37.2 38.2 37.4
Equipment and other sales 5.6 6.6 6.7
International revenues:
Royalties and franchise and development fees 0.6 0.1 -
Restaurant and commissary sales 2.7 0.3 -
Total revenues 100.0 100.0 100.0
Costs and expenses:
Domestic restaurant cost of sales (1) 24.4 25.4 26.9
Domestic restaurant operating expenses (1) 56.4 54.6 53.5
Domestic commissary, equipment and other expenses (2) 89.7 90.6 91.7
International operating expenses (3) 84.9 81.6 -
General and administrative expenses (4) 7.7 6.8 7.8
Advertising litigation expense (5) 0.1 0.8 -
Special charge (6) 2.6 - -
Pre-opening and other general expenses (4) 0.2 0.4 0.4
Depreciation and amortization (4) 3.6 3.1 3.0
Total costs and expenses 93.9 91.0 92.1
Operating income 6.1 9.0 7.9
Other income (expense) (0.6) 0.4 0.5
Income before income taxes and cumulative effect of a
change in accounting principle 5.5 9.4 8.4
Income tax expense 2.1 3.5 3.3
Income before cumulative effect of a change in
accounting principle 3.4 5.9 5.1
Cumulative effect of accounting change, net of tax (4) - - (0.4)
Net income 3.4% 5.9% 4.7%