Papa Johns 2009 Annual Report Download - page 33
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26
Item 6. Selected Financial Data
The selected financial data presented for each of the years in the five-year period ended December 27,
2009, was derived from our audited consolidated financial statements. The selected financial data should
be read in conjunction with “Management’s Discussion and Analysis of Financial Condition and Results
of Operations” and the “Consolidated Financial Statements” and Notes thereto included in Item 7 and
Item 8, respectively, of this Form 10-K.
(In thousands, except per share data)
Dec. 27, Dec. 28, Dec. 30, Dec. 31, Dec. 25,
2009 2008 2007 2006 2005
Income Statement Data 52 weeks 52 weeks 52 weeks 53 weeks 52 weeks
Domestic revenues:
Company-owned restaurant sales 503,818$ 533,255$ 504,330$ 447,938$ 434,525$
Variable interest entities restaurant sales 37,735 8,328 7,131 7,859 11,713
Franchise royalties (2) 61,012 59,704 55,283 56,374 52,289
Franchise and development fees 519 1,600 4,758 2,597 3,026
Commissary sales 407,437 429,068 399,099 413,075 398,372
Other sales 54,045 61,415 61,820 50,505 50,474
International revenues:
Royalties and franchise and development fees (3) 13,244 12,868 10,314 7,551 6,529
Restaurant and commissary sales (4) 28,223 25,849 20,860 15,658 11,860
Total revenues 1,106,033 1,132,087 1,063,595 1,001,557 968,788
Operating income (5) 95,279 65,486 53,072 99,446 73,334
Investment income 629 848 1,446 1,682 1,248
Interest expense (5,714) (7,536) (7,465) (3,480) (4,316)
Income from continuing operations before income taxes 90,194 58,798 47,053 97,648 70,266
Income tax expense 28,985 19,980 13,293 33,171 25,364
Income from continuing operations, including
noncontrolling interests 61,209 38,818 33,760 64,477 44,902
Income attributable to noncontrolling interests (6) (3,756) (2,022) (1,025) (1,491) (634)
Income from continuing operations, net of
noncontrolling interests 57,453 36,796 32,735 62,986 44,268
Income from discontinued operations, net of tax (7) - - - 389 1,788
Net income 57,453$ 36,796$ 32,735$ 63,375$ 46,056$
Basic earnings per common share:
Income from continuing operations, net of
noncontrolling interests 2.07$ 1.31$ 1.10$ 1.95$ 1.32$
Income from discontinued operations, net of tax (7) - - - 0.01 0.05
Basic earnings per common share 2.07$ 1.31$ 1.10$ 1.96$ 1.37$
Earnings per common share - assuming dilution:
Income from continuing operations, net of
noncontrolling interests 2.06$ 1.30$ 1.09$ 1.91$ 1.29$
Income from discontinued operations, net of tax (7) - - - 0.01 0.05
Earnings per common share - assuming dilution 2.06$ 1.30$ 1.09$ 1.92$ 1.34$
Basic weighted average shares outstanding 27,738 28,124 29,666 32,312 33,594
Diluted weighted average shares outstanding 27,909 28,264 30,017 33,046 34,316
Balance Sheet Data
Total assets 397,095$ 386,468$ 401,817$ 379,639$ 350,562$
Total debt 99,050 130,654 142,706 97,036 55,116
Total stockholders’ equity (8) 185,037 138,238 134,938 152,395 167,311
Year Ended (1)