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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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CHIPOTLE MEXICAN GRILL, INC.

CONSOLIDATED STATEMENT OF INCOME

(in thousands, except per share data)

















 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 



Year ended December 31,



2017

 

2016

 

2015

Revenue

$

4,476,412 

 

$

3,904,384 

 

$

4,501,223 

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

 

 

 

 

 

 

 

 

Food, beverage and packaging

 

1,535,428 

 

 

1,365,580 

 

 

1,503,835 

Labor

 

1,205,992 

 

 

1,105,001 

 

 

1,045,726 

Occupancy

 

327,132 

 

 

293,636 

 

 

262,412 

Other operating costs

 

651,644 

 

 

641,953 

 

 

514,963 

General and administrative expenses

 

296,388 

 

 

276,240 

 

 

250,214 

Depreciation and amortization

 

163,348 

 

 

146,368 

 

 

130,368 

Pre-opening costs

 

12,341 

 

 

17,162 

 

 

16,922 

Loss on disposal and impairment of assets

 

13,345 

 

 

23,877 

 

 

13,194 

Total operating expenses

 

4,205,618 

 

 

3,869,817 

 

 

3,737,634 

Income from operations

 

270,794 

 

 

34,567 

 

 

763,589 

Interest and other income, net

 

4,949 

 

 

4,172 

 

 

6,278 

Income before income taxes

 

275,743 

 

 

38,739 

 

 

769,867 

Provision for income taxes

 

(99,490)

 

 

(15,801)

 

 

(294,265)

Net income

$

176,253 

 

$

22,938 

 

$

475,602 

Earnings per share:

 

 

 

 

 

 

 

 

Basic

$

6.19 

 

$

0.78 

 

$

15.30 

Diluted

$

6.17 

 

$

0.77 

 

$

15.10 

Weighted average common shares outstanding:

 

 

 

 

 

 

 

 

Basic

 

28,491 

 

 

29,265 

 

 

31,092 

Diluted

 

28,561 

 

 

29,770 

 

 

31,494 







CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

(in thousands)







 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 



Year ended December 31,



2017

 

2016

 

2015

Net income

$

176,253 

 

$

22,938 

 

$

475,602 

Other comprehensive income (loss), net of income taxes:

 

 

 

 

 

 

 

 

Foreign currency translation adjustments

 

4,689 

 

 

(1,291)

 

 

(6,322)

Unrealized gain (loss) on available-for-sale securities

 

(274)

 

 

2,251 

 

 

(2,468)

Tax benefit (expense)

 

88 

 

 

(849)

 

 

946 

Other comprehensive income (loss), net of income taxes

 

4,503 

 

 

111 

 

 

(7,844)

Comprehensive income

$

180,756 

 

$

23,049 

 

$

467,758 



See accompanying notes to consolidated financial statements.



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