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SEC Filings

10-K
CHIPOTLE MEXICAN GRILL INC filed this Form 10-K on 02/08/2018
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ITEM 6.  SELECTED FINANCIAL DATA

Our selected consolidated financial data shown below should be read together with Item 7. “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and our consolidated financial statements and respective notes included in Item 8. “Financial Statements and Supplementary Data.” The data shown below are not necessarily indicative of results to be expected for any future period (dollar and share amounts in thousands, except per share data).



















 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

Year ended December 31,



2017

 

2016

 

2015

 

2014

 

2013

Statement of Income:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

$

4,476,412 

 

$

3,904,384 

 

$

4,501,223 

 

$

4,108,269 

 

$

3,214,591 

Food, beverage and packaging costs

 

1,535,428 

 

 

1,365,580 

 

 

1,503,835 

 

 

1,420,994 

 

 

1,073,514 

Labor costs

 

1,205,992 

 

 

1,105,001 

 

 

1,045,726 

 

 

904,407 

 

 

739,800 

Occupancy costs

 

327,132 

 

 

293,636 

 

 

262,412 

 

 

230,868 

 

 

199,107 

Other operating costs

 

651,644 

 

 

641,953 

 

 

514,963 

 

 

434,244 

 

 

347,401 

General and administrative expenses

 

296,388 

 

 

276,240 

 

 

250,214 

 

 

273,897 

 

 

203,733 

Depreciation and amortization

 

163,348 

 

 

146,368 

 

 

130,368 

 

 

110,474 

 

 

96,054 

Pre-opening costs

 

12,341 

 

 

17,162 

 

 

16,922 

 

 

15,609 

 

 

15,511 

Loss on disposal of assets

 

13,345 

 

 

23,877 

 

 

13,194 

 

 

6,976 

 

 

6,751 

Total operating expenses

 

4,205,618 

 

 

3,869,817 

 

 

3,737,634 

 

 

3,397,469 

 

 

2,681,871 

Income from operations

 

270,794 

 

 

34,567 

 

 

763,589 

 

 

710,800 

 

 

532,720 

Interest and other income, net

 

4,949 

 

 

4,172 

 

 

6,278 

 

 

3,503 

 

 

1,751 

Income before income taxes

 

275,743 

 

 

38,739 

 

 

769,867 

 

 

714,303 

 

 

534,471 

Provision for income taxes

 

(99,490)

 

 

(15,801)

 

 

(294,265)

 

 

(268,929)

 

 

(207,033)

Net income

$

176,253 

 

$

22,938 

 

$

475,602 

 

$

445,374 

 

$

327,438 

Earnings per share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

$

6.19 

 

$

0.78 

 

$

15.30 

 

$

14.35 

 

$

10.58 

Diluted

$

6.17 

 

$

0.77 

 

$

15.10 

 

$

14.13 

 

$

10.47 

Weighted average common shares outstanding

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

28,491 

 

 

29,265 

 

 

31,092 

 

 

31,038 

 

 

30,957 

Diluted

 

28,561 

 

 

29,770 

 

 

31,494 

 

 

31,512 

 

 

31,281 



 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

December 31,



2017

 

2016

 

2015

 

2014

 

2013

Balance Sheet Data:

 

 

 

 

 

 

 

 

 

 

Total current assets

$

629,535 

 

$

522,374 

 

$

814,647 

 

$

859,511 

 

$

653,095 

Total assets

$

2,045,692 

 

$

2,026,103 

 

$

2,725,066 

 

$

2,527,317 

 

$

1,996,068 

Total current liabilities

$

323,893 

 

$

281,793 

 

$

279,942 

 

$

245,710 

 

$

199,228 

Total liabilities

$

681,247 

 

$

623,610 

 

$

597,092 

 

$

514,948 

 

$

457,780 

Total shareholders’ equity

$

1,364,445 

 

$

1,402,493 

 

$

2,127,974 

 

$

2,012,369 

 

$

1,538,288 

30

 


 

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