Popeye's 2013 Annual Report Download - page 88

Download and view the complete annual report

Please find page 88 of the 2013 Popeye's 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 92

  • 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
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92

Popeyes Louisiana Kitchen, Inc.
Notes to Consolidated Financial Statements
For Fiscal Years 2013, 2012, and 2011 — (Continued)
72
(in millions) 2013 2012 2011
Revenues
Franchise operations $ 127.3 $114.8 $99.2
Company-operated restaurants 78.7 64.0 54.6
$206.0 $178.8 $153.8
Operating profit
Franchise operations $ 54.7 $47.8 $37.4
Company-operated restaurants 10.5 7.6 8.0
65.2 55.4 45.4
Less unallocated expenses
Depreciation and amortization 6.7 4.6 4.2
Other expenses (income), net 0.3 (0.5)0.5
Operating profit 58.2 51.3 40.7
Interest expense, net 3.7 3.6 3.7
Income before income taxes $ 54.5 $47.7 $37.0
Capital expenditures
Franchise operations $ 18.8 $18.1 $4.1
Company-operated restaurants 14.5 9.2 3.5
$33.3 $27.3 $7.6
Goodwill — year end
Franchise operations $ 8.9 $8.9 $8.9
Company-operated restaurants 2.2 2.2 2.2
$11.1 $11.1 $11.1
Total assets — year end
Franchise operations $ 154.8 $140.0 $109.8
Company-operated restaurants 45.7 32.4 25.8
$200.5 $172.4 $135.6