Sonic 2003 Annual Report Download - page 4

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$447
$400
$331
$280
$258
Year-Over-Year Financial Highlights
($ in thousands, except per share data)
2003 2002 % Change
Operations (for the year)
Total revenues $ 446,640 $ 400,162 12%
Income from operations $ 89,500 $ 82,322 9%
Net income $ 52,261 $ 47,692 10%
Net income per diluted share $ 1.29 $ 1.13 14%
Return on average stockholders’ equity 21.1% 22.1%
Financial Position (at year’s end)
Total assets $ 486,119 $ 405,356 20%
Stockholders’ equity $ 265,398 $ 230,670 15%
System Information*
System-wide sales (for the year) $ 2,360,360 $ 2,205,269 7%
System-wide average unit sales (for the year) $ 907 $ 906 --
Company-owned drive-ins (at year’s end) 497 452 10%
Franchised drive-ins (at year’s end) 2,209 2,081 6%
System-wide drive-ins (at year’s end) 2,706 2,533 7%
*System-wide information, which combines company-owned and franchise information, is a non-GAAP measure. We believe system-wide
information is useful in analyzing the growth of the Sonic brand, as well as our revenues, since franchisees pay royalties based on a percentage
of sales.
Total Revenues
(In millions)
03
02
01
00
99
Net Income
(In millions)
03
02
01
00
99
$52
$48
$39
$33
$27
Net Income
Per Diluted Share
03
02
01
00
99
$1.29
$1.13
$ .93
$ .78
$ .63
Return on Equity
03
02
01
00
99
21.1%
22.1%
21.9%
21.4%
19.4%
Five-Year Trends
p.02