Popeye's 2014 Annual Report Download - page 86

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Popeyes Louisiana Kitchen, Inc.
Notes to Consolidated Financial Statements
For Fiscal Years 2014, 2013, and 2012 — (Continued)
68
(in millions) 2014 2013 2012
Revenues
Franchise operations $ 138.4 $ 127.3 $ 114.8
Company-operated restaurants 97.2 78.7 64.0
$ 235.6 $ 206.0 $ 178.8
Operating profit
Franchise operations $ 62.2 $ 54.7 $ 47.8
Company-operated restaurants 12.5 10.5 7.6
74.7 65.2 55.4
Less unallocated expenses
Depreciation and amortization 8.7 6.7 4.6
Other expenses (income), net 1.2 0.3 (0.5)
Operating profit 64.8 58.2 51.3
Interest expense, net 3.0 3.7 3.6
Income before income taxes $ 61.8 $ 54.5 $ 47.7
Capital expenditures
Franchise operations $ 5.3 $ 14.3 $ 16.9
Company-operated restaurants 22.5 18.5 9.3
$ 27.8 $ 32.8 $ 26.2
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 $ 195.7 $ 154.8 $ 140.0
Company-operated restaurants 64.6 45.7 32.4
$ 260.3 $ 200.5 $ 172.4