Sonic 2002 Annual Report Download - page 2

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Sonic, founded in Shawnee, Oklahoma, in 1953,
franchises and operates the largest chain of drive-in
restaurants in the United States. The drive-in
restaurant setting, together with Sonic’s unique
menu and personalized carhop service, position
the company as one of the most highly
differentiated concepts in the restaurant
industry’s quick-service sector.
($ in thousands, except per share data)
2002 2001 % Change
Operations (for the year)
Total revenues $ 400,162 $ 330,638 21%
Income from operations $ 82,322 $ 67,607 22%
Net income $ 47,692 $ 38,956 22%
Net income per diluted share* $ 1.13 $ 0.93 22%
Return on average stockholders’ equity 22.1% 21.9%
Financial Position (at year end)
Total assets $ 405,356 $ 358,000 13%
Stockholders’ equity $ 230,670 $ 200,719 15%
System-wide Information
Total sales (for the year) $ 2,205,269 $ 1,971,477 12%
Average unit sales (for the year) $906$ 874 4%
Company-owned restaurants (at year end) 452 393 15%
Franchised restaurants (at year end) 2,081 1,966 6%
Total restaurants (at year end) 2,533 2,359 7%
Financial Highlights
* Adjusted for 2002 stock split.