Shake Shack 2016 Annual Report Download - page 49

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Table of Contents
Item 6. Selected Financial Data.
The selected financial and operating data set forth below was derived from our audited consolidated financial statements and should be read in conjunction with
Item 1A, "Risk Factors," Item 7, "Management's Discussion and Analysis of Financial and Results of Operations" and our audited consolidated financial
statements included in Item 8, "Financial Statements and Supplementary Data." The selected balance sheet data for prior year periods has been adjusted to reflect
the adoption of Accounting Standards Update No. 17, Balance Sheet Classification of Deferred Taxes ("ASU 2015-17"), which resulted in the reclassification of
current deferred income taxes as non-current. The adoption had no impact on our consolidated statements of income or cash flows. See Note 1 to our consolidated
financial statements included in Item 8.
(dollar amounts in thousands, except per share amounts) 2015
2014 (1)
2013
Selected statement of income data:
Shack sales $ 183,219
$ 112,042
$ 78,587
Licensing revenue 7,373
6,488
3,869
Shack-level operating expenses 130,345
85,181
58,168
General and administrative expenses 37,825
18,187
12,453
Pre-opening costs 5,430
6,105
2,334
Operating income 6,753
3,143
5,935
Net income 3,124
2,118
5,423
Net income (loss) attributable to Shake Shack Inc. (8,776)
2,118
5,423
Per share data:
Earnings per share—basic $ (0.65)
$ 0.07
$ 0.18
Earnings per share—diluted $ (0.65)
$ 0.07
$ 0.18
Selected balance sheet data (at period end):
Cash and cash equivalents $ 70,849
$ 2,677
$ 13,076
Total current assets 78,934
7,925
15,207
Total assets 379,547
82,962
55,219
Total current liabilities 24,005
48,177
7,205
Total debt 313
32,313
313
Total liabilities 222,528
70,362
17,832
Total equity 157,019
12,600
37,387
Selected cash flow data:
Net cash provided by operating activities $ 41,258
$ 13,584
$ 12,924
Net cash used in investing activities (34,514)
(28,515)
(16,194)
Net cash provided by financing activities 61,428
4,532
313
47 | Shake Shack Inc. Form 10-K