Papa johns international inc (PZZA)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jul'18Apr'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Dec'09Sep'09Jun'09Mar'09Sep'08Jun'08
Revenues:
Company-owned restaurant sales

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

122,023

124,966

131,705

130,662

133,815

Variable interest entities restaurant sales

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,014

2,239

Franchise royalties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15,028

14,664

15,361

14,378

14,759

Franchise and development fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

144

78

228

194

247

Commissary sales

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

96,375

104,539

109,539

108,804

106,321

Other sales

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,949

13,981

14,769

13,643

16,434

Royalties and franchise and development fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,173

3,388

3,235

3,326

3,108

Restaurant and commissary sales

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,648

6,893

6,087

7,007

6,485

Total revenues

409,859

417,514

403,706

399,623

398,405

397,566

385,231

429,952

450,122

467,606

431,709

434,778

449,266

439,619

422,442

422,964

428,595

416,816

389,284

398,991

432,284

425,509

390,399

380,864

401,377

387,890

346,342

349,186

355,604

367,284

325,514

318,579

331,276

306,213

305,668

293,534

312,467

286,838

273,126

280,647

285,786

272,777

256,340

268,509

280,924

280,028

283,408

Costs and expenses:
Income from the franchise cheese-purchasing program, net of noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,061

-409

2,173

2,809

-

-

-

-

-

-

Cost of sales

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

23,990

23,893

25,901

29,750

30,803

Salaries and benefits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

35,821

36,157

38,203

39,069

40,050

Advertising and related costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,284

11,376

11,273

12,123

11,913

Occupancy costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,171

7,722

7,916

9,516

8,540

Other operating expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

17,455

17,181

17,628

18,203

18,072

Total domestic Company-owned restaurant expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

96,721

96,329

100,921

108,661

109,378

Variable interest entities restaurant expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,765

1,987

Cost of sales

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

78,599

86,924

92,184

91,891

89,976

Salaries and benefits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,592

8,638

8,831

8,728

9,127

Other operating expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,523

10,945

10,672

12,428

12,112

Total domestic commissary and other expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

98,714

106,507

111,687

113,047

111,215

Loss (income) from the franchise cheese-purchasing program, net of noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-4,171

-5,462

-7,103

-2,587

4,364

International operating expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,573

5,907

5,357

6,200

5,818

General and administrative expenses

47,651

70,104

53,503

48,718

51,135

58,855

55,711

38,972

39,996

38,446

35,758

40,248

36,414

34,716

40,549

42,623

40,247

39,170

37,660

43,047

43,749

43,611

33,671

33,562

36,966

36,164

31,780

33,126

33,158

38,106

30,426

31,463

31,596

27,585

27,332

27,617

29,074

25,971

27,133

28,990

27,860

24,733

29,303

29,788

27,537

26,170

27,237

Other general expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,143

1,964

1,533

2,631

1,260

1,597

1,185

293

1,211

1,135

5,674

2,750

4,777

1,459

781

2,410

2,643

1,687

2,290

5,102

1,829

3,043

4,372

4,673

539

Depreciation and amortization

12,295

12,179

11,832

11,521

11,749

11,548

11,585

11,731

11,539

11,376

11,181

10,654

10,457

10,598

10,614

10,031

9,744

9,669

10,461

10,136

10,041

10,426

10,520

9,855

9,164

9,433

8,605

8,530

8,537

8,575

8,192

8,104

7,927

7,970

7,974

8,425

8,312

8,285

8,067

8,175

7,880

8,103

7,745

7,795

7,803

8,590

8,404

Total costs and expenses

394,387

420,496

400,505

385,555

392,896

406,521

399,401

402,920

422,187

429,328

398,194

397,561

405,585

398,430

389,059

386,133

385,697

376,587

361,847

367,995

394,639

391,087

365,213

353,865

369,375

359,408

324,894

322,238

325,979

340,265

304,309

294,252

304,020

282,520

288,710

274,379

285,256

264,618

259,343

257,848

257,844

252,137

236,714

243,907

250,574

266,519

268,942

Refranchising gains (losses), net

-

-

1,726

163

-

-

-

-2,122

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Refranchising and impairment gains (losses), net

-

-

-

-

-

-

-

-

204

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating income

15,472

-132

4,927

14,231

5,509

-7,326

-14,170

24,910

28,139

36,604

33,515

37,217

43,681

51,411

33,383

36,831

42,898

40,229

27,437

30,996

37,645

33,443

25,186

26,999

32,002

28,482

21,448

26,948

29,625

27,019

21,205

24,327

27,256

23,693

16,958

19,155

27,211

22,220

13,783

22,799

27,942

20,640

19,626

24,602

30,350

13,509

14,466

Legal settlement

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,278

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

203

170

205

177

274

173

197

231

204

149

144

132

193

181

Net interest expense

-3,967

-

-4,249

-4,272

-6,276

-

-6,058

-5,797

-5,075

-

-2,566

-1,759

-1,810

-2,521

-1,756

-1,631

-1,489

-

-1,180

-1,187

-1,209

-

-968

-763

-592

-

-185

-340

672

-

-342

-861

264

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,798

282

293

608

1,345

1,416

1,333

1,244

1,411

1,386

1,440

1,416

1,930

1,802

Income (loss) before income taxes

11,505

-4,824

678

9,959

-767

-15,252

-20,228

19,113

23,064

32,064

30,949

35,458

41,871

50,573

31,627

35,200

41,409

38,923

26,257

17,531

36,436

32,391

24,218

26,236

31,410

27,941

21,263

26,608

30,297

26,546

20,863

23,466

27,520

22,098

16,846

19,067

26,780

21,149

12,540

21,663

26,929

19,433

18,389

23,306

29,066

11,772

12,845

Income tax expense

2,512

-3,146

421

1,283

831

-2,027

-7,367

7,040

4,978

3,089

8,280

10,476

11,972

16,294

8,977

11,088

13,358

12,642

7,281

5,063

12,197

10,036

7,256

8,397

10,869

8,204

6,385

8,563

9,978

8,137

7,038

8,005

9,213

6,173

4,906

6,014

9,231

6,311

4,020

7,560

8,965

4,893

5,753

8,037

10,302

3,807

4,538

Net income (loss) before attribution to noncontrolling interests

8,993

-1,678

257

8,676

-1,598

-13,225

-12,861

12,073

18,086

28,975

22,669

24,982

29,899

34,279

22,650

24,112

28,051

26,281

18,976

12,468

24,239

22,355

16,962

17,839

20,541

19,737

14,878

18,045

20,319

18,409

13,825

15,461

18,307

15,925

11,940

13,053

17,549

14,838

8,520

14,103

17,964

14,540

12,636

15,269

18,764

7,965

8,307

Net income attributable to noncontrolling interests

550

464

-128

322

133

-357

439

874

643

466

852

1,444

1,471

1,649

1,183

1,571

1,869

1,586

1,005

1,688

2,003

1,174

887

1,091

1,230

932

602

895

1,013

1,050

794

1,172

1,326

864

817

929

1,122

813

672

911

1,089

842

897

1,092

925

218

659

Net income (loss) attributable to the Company

8,443

-2,142

385

8,354

-1,731

-12,868

-13,300

11,199

17,443

28,509

21,817

23,538

28,428

32,630

21,467

22,541

26,182

24,695

17,971

10,780

22,236

21,181

16,075

16,748

19,311

18,805

14,276

17,150

19,306

17,359

13,031

14,289

16,981

15,061

11,123

12,124

16,427

14,025

7,848

13,192

16,875

13,698

11,739

14,177

17,839

7,747

7,648

Calculation of net income (loss) for earnings per share:
Net income (loss) attributable to the Company

8,443

-2,142

385

8,354

-1,731

-12,868

-13,300

11,199

17,443

28,509

21,817

23,538

28,428

32,630

21,467

22,541

26,182

24,695

17,971

10,780

22,236

21,181

16,075

16,748

19,311

18,805

14,276

17,150

19,306

17,359

13,031

14,289

16,981

15,061

11,123

12,124

16,427

14,025

7,848

13,192

16,875

13,698

11,739

14,177

17,839

7,747

7,648

Preferred stock dividends and accretion

3,471

3,470

3,473

3,486

2,070

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in noncontrolling interest redemption value

-

-

-

-

-

-

-

-

-

0

237

662

520

225

-157

279

220

257

-49

-73

-70

37

-42

-31

-8

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income attributable to participating securities

-

-

-

-

-

-

0

72

75

118

89

99

117

132

87

91

110

102

73

50

100

107

77

81

137

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss) attributable to common shareholders

4,972

-5,612

-3,088

4,868

-3,801

-12,721

-13,300

11,127

17,368

28,391

21,965

24,101

28,831

32,723

21,223

22,729

26,292

24,466

17,947

10,803

22,206

21,111

15,956

16,636

19,166

17,765

14,276

17,150

19,306

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Basic earnings (loss) per common share

0.15

-0.17

-0.10

0.15

-0.12

-0.37

-0.42

0.35

0.52

0.81

0.61

0.66

0.78

0.89

0.57

0.61

0.69

0.62

0.46

0.27

0.56

0.53

0.39

0.40

0.46

0.43

0.33

0.39

0.43

-0.56

0.56

0.60

0.71

-0.48

0.45

0.48

0.64

0.56

0.30

0.49

0.62

0.49

0.42

0.51

0.65

0.28

0.27

Diluted earnings (loss) per common share

0.15

-0.17

-0.10

0.15

-0.12

-0.37

-0.42

0.35

0.52

0.81

0.60

0.65

0.77

0.87

0.57

0.61

0.69

0.62

0.45

0.27

0.55

0.51

0.39

0.40

0.45

0.42

0.32

0.39

0.42

-0.54

0.55

0.59

0.69

-0.47

0.44

0.47

0.64

0.55

0.30

0.49

0.62

0.49

0.42

0.51

0.64

0.28

0.27

Basic weighted average common shares outstanding

32,093

31,786

31,601

31,587

31,554

31,539

31,573

31,941

33,279

34,644

36,146

36,732

36,810

36,889

36,989

37,203

37,931

38,919

39,394

39,692

39,827

40,098

40,739

41,225

41,778

42,370

43,182

43,484

44,512

116,610

23,268

23,733

24,053

124,432

24,964

25,464

25,484

25,563

25,951

26,760

27,038

27,604

27,919

27,789

27,640

27,787

28,372

Diluted weighted average common shares outstanding

32,320

31,600

31,601

31,773

31,554

31,896

31,573

32,175

33,552

34,940

36,581

37,217

37,350

37,269

37,359

37,507

38,297

39,378

39,895

40,217

40,510

40,820

41,386

41,970

42,696

42,692

44,168

44,500

45,612

118,969

23,721

24,112

24,438

125,892

25,146

25,685

25,757

25,666

26,081

26,971

27,154

27,929

28,011

27,989

27,707

27,984

28,705

Dividends declared per common share

0.22

0.22

0.22

0.22

0.22

0.22

0.22

0.22

0.22

0.22

0.22

0.20

0.20

0.20

0.20

0.17

0.17

0.17

0.17

0.14

0.14

0.14

0.14

0.12

0.12

-

0.12

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Comprehensive Income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,687

12,539

18,822

-

-

-

-

-

-

-

-

-

-

Domestic Company-owned restaurants
Total revenues

161,440

161,459

165,135

163,656

161,803

162,474

158,285

181,379

190,242

210,799

196,267

202,756

206,896

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating costs (excluding depreciation and amortization shown separately below):

129,111

127,197

134,037

131,950

133,053

135,959

136,257

147,868

157,574

174,921

161,867

162,433

165,419

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Refranchising and impairment gains (losses), net

-

-

1,700

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

North America franchising
Total revenues

19,440

18,613

15,924

19,761

17,530

17,769

12,806

23,912

24,806

26,967

25,567

26,588

27,607

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

North America commissary
Total revenues

155,422

161,917

154,703

147,128

148,904

148,458

146,240

153,455

161,713

178,285

164,028

160,059

171,340

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating costs (excluding depreciation and amortization shown separately below):

144,272

149,255

144,624

136,744

138,557

142,194

137,928

143,300

151,681

166,536

155,572

149,472

159,957

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

International
Total revenues

26,059

27,081

24,679

25,497

25,667

25,513

25,653

29,069

30,114

32,383

28,771

27,245

25,622

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating costs (excluding depreciation and amortization shown separately below):

15,101

15,188

13,557

14,652

14,305

15,313

15,184

18,248

19,030

19,649

17,910

17,272

15,791

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Refranchising gains (losses), net

-

-

-

-

-

-

-

1,900

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other segment
Total revenues

47,498

48,444

43,265

43,581

44,501

43,352

42,247

42,137

43,247

19,172

17,076

18,130

17,801

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating costs (excluding depreciation and amortization shown separately below):

45,957

46,573

42,952

41,970

44,097

42,652

42,736

42,801

42,367

18,400

15,906

17,482

17,547

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-