Darden restaurants inc (DRI)
Income statement / Yearly
May'19May'18May'17May'16May'15May'14May'13May'12May'11May'10May'09May'08
Sales

8,510

8,080

7,170

6,933

6,764

6,285

5,921

5,327

7,500

7,113

7,217

6,626

Costs and expenses:
Food and beverage costs and restaurant expenses

-

-

-

-

-

-

-

4,088

5,699

5,484

5,636

5,138

Restaurant labor

2,771

2,614

2,265

2,189

2,135

2,017

1,892

1,683

2,396

2,350

2,308

2,124

Marketing expenses

255

252

239

238

243

252

241

-

-

-

-

-

General and administrative expenses

405

409

387

384

430

413

384

-

-

-

-

-

Selling, general and administrative

-

-

-

-

-

-

-

540

742

690

665

641

Depreciation and amortization

336

313

272

290

319

304

278

241

316

300

283

245

Asset Impairment Charges And Disposal Group, Not Discontinued Operation, Loss (Gain) On Disposal

19

3

-8

5

62

16

0

0

-

-

12

-

Total operating costs and expenses

7,677

7,313

6,492

6,311

6,396

5,976

5,521

4,972

6,852

6,569

6,705

6,111

Operating income

832

766

677

622

367

308

400

-

-

-

-

-

Interest, net

-50

-161

-40

-172

-192

-134

-126

-102

-93

-93

-107

-85

Earnings (loss) before income taxes

782

605

637

449

175

174

274

355

647

543

512

514

Income tax expense

63

1

154

90

-21

-8

36

75

168

136

140

145

Earnings from continuing operations

718

603

482

359

196

183

237

279

478

407

371

369

Losses from discontinued operations, net of tax benefit of $0.7, $0.8, $1.6 and $1.3, respectively

-5

-7

-3

15

513

103

174

196

-2

-2

0

7

Net earnings

713

596

479

375

709

286

411

475

476

404

372

377

Basic net earnings per share:
Earnings from continuing operations (in dollars per share)

5.82

4.87

3.88

2.82

1.54

1.40

1.84

2.15

3.50

2.92

2.71

2.63

Losses from discontinued operations (in dollars per share)

-0.04

-0.06

-0.03

0.12

4.02

0.78

1.35

1.50

-0.02

-0.02

-

0.06

Net earnings (in dollars per share)

5.78

4.81

3.85

2.94

5.56

2.18

3.19

3.65

3.48

2.90

2.71

2.69

Diluted net earnings per share:
Earnings from continuing operations (in dollars per share)

5.73

4.79

3.83

2.78

1.51

1.38

1.80

2.10

3.41

2.86

2.65

2.55

Losses from discontinued operations (in dollars per share)

-0.04

-0.06

-0.03

0.12

3.96

0.77

1.33

1.47

-0.02

-0.02

-

0.05

Net earnings (in dollars per share)

5.69

4.73

3.80

2.90

5.47

2.15

3.13

3.57

3.39

2.84

2.65

2.60

Average number of common shares outstanding:
Basic (in shares)

123

124

124

127

127

131

129

130

136

139

137

140

Diluted (in shares)

125

126

126

129

129

133

131

133

140

142

140

145

Dividends declared per common share (in dollars per share)

-

-

-

2.10

2.20

2.20

2.00

1.72

1.28

1.00

0.80

-

Food and beverage
Food and beverage costs and restaurant expenses

2,412

2,303

2,070

2,039

2,085

1,892

1,743

1,553

2,173

2,051

2,200

1,996

Restaurant expenses
Food and beverage costs and restaurant expenses

1,477

1,417

1,265

1,163

1,120

1,080

980

851

1,129

1,082

1,128

1,017