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SEC Filings

8-K
CHIPOTLE MEXICAN GRILL INC filed this Form 8-K on 10/24/2017
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Chipotle Mexican Grill, Inc.

Condensed Consolidated Statement of Income

(in thousands, except per share data)

(unaudited)







 

 

 

 

 

 

 

 

 

 

 



Nine months ended September 30,



2017

 

2016

Revenue

$

3,366,312 

 

100.0 

%

 

$

2,869,824 

 

100.0 

%

Restaurant operating costs (exclusive of depreciation and amortization shown separately below):

 

 

 

 

 

 

 

 

 

 

 

Food, beverage and packaging

 

1,155,514 

 

34.3 

 

 

 

999,968 

 

34.8 

 

Labor

 

900,564 

 

26.8 

 

 

 

820,751 

 

28.6 

 

Occupancy

 

242,482 

 

7.2 

 

 

 

217,147 

 

7.6 

 

Other operating costs

 

476,606 

 

14.2 

 

 

 

473,390 

 

16.5 

 

General and administrative expenses

 

238,698 

 

7.1 

 

 

 

211,171 

 

7.4 

 

Depreciation and amortization

 

121,906 

 

3.6 

 

 

 

108,296 

 

3.8 

 

Pre-opening costs

 

9,764 

 

0.3 

 

 

 

13,044 

 

0.5 

 

Loss on disposal and impairment of assets

 

10,013 

 

0.3 

 

 

 

22,040 

 

0.8 

 

Total operating expenses

 

3,155,547 

 

93.7 

 

 

 

2,865,807 

 

99.9 

 

Income from operations

 

210,765 

 

6.3 

 

 

 

4,017 

 

0.1 

 

Interest and other income, net

 

3,512 

 

0.1 

 

 

 

3,584 

 

0.1 

 

Income before income taxes

 

214,277 

 

6.4 

 

 

 

7,601 

 

0.3 

 

Provision for income taxes

 

(81,817)

 

(2.4)

 

 

 

(638)

 

(0.0)

 

Net income

$

132,460 

 

3.9 

%

 

$

6,963 

 

0.2 

%

Earnings per share:

 

 

 

 

 

 

 

 

 

 

 

Basic

$

4.63 

 

 

 

 

$

0.24 

 

 

 

Diluted

$

4.62 

 

 

 

 

$

0.23 

 

 

 

Weighted average common shares outstanding:

 

 

 

 

 

 

 

 

 

 

 

Basic

 

28,604 

 

 

 

 

 

29,387 

 

 

 

Diluted

 

28,696 

 

 

 

 

 

29,792 

 

 

 









 


 

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