Papa Johns 2001 Annual Report Download - page 29

Download and view the complete annual report

Please find page 29 of the 2001 Papa Johns annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 75

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75

25
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. 30, Dec. 31, Dec. 26,
2001 2000 1999
Income Statement Data:
Domestic revenues:
Res taurant s ales 45.9% 48.3% 49.0%
Franchis e royalties 5.2 5.0 5.0
Franchis e and development fees 0.3 0.6 0.8
Commissary sales 39.9 37.2 38.2
Equipment and other s ales 5.4 5.6 6.6
International revenues:
Royalties and franchise and development fees 0.6 0.6 0.1
Res taurant and commiss ary sales 2.7 2.7 0.3
Total revenues 100.0 100.0 100.0
Costs and expenses:
Domes tic restaurant cost of s ales (1) 24.8 24.4 25.4
Domes tic res taurant operating expenses (1) 56.6 56.4 54.7
Domes tic commis s ary, equipment and other expens es (2) 89.8 89.7 90.6
International operating expens es (3) 83.6 84.9 81.6
General and administrative expens es 7.2 7.7 6.8
Special charges (4) - 2.3 0.8
Provision for uncollectible notes receivable (5) 0.1 0.4 -
Pre-opening and other general expenses 0.4 0.2 0.4
Depreciation and amortization 3.6 3.6 3.1
Total costs and expens es 91.5 93.9 91.0
Operating income 8.5 6.1 9.0
Other (expens e) income (0.7) (0.6) 0.4
Income before income taxes 7.8 5.5 9.4
Income tax expens e 2.9 2.1 3.5
Net income 4.9% 3.4% 5.9%