PAPA JOHNS INTERNATIONAL INC PZZA Income Statement

Papa johns international inc (PZZA)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jul'18	Apr'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09	Sep'08	Jun'08
Revenues:
Company-owned restaurant sales
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	509,356	521,148	0	0	0
Variable interest entities restaurant sales
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Franchise royalties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	59,431	59,162	0	0	0
Franchise and development fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	644	747	0	0	0
Commissary sales
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	419,257	429,203	0	0	0
Other sales
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	54,342	58,827	0	0	0
Royalties and franchise and development fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13,122	13,057	0	0	0
Restaurant and commissary sales
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	27,635	26,472	0	0	0
Total revenues
1,630,702	1,619,248	1,599,300	1,580,825	1,611,154	1,662,871	1,732,911	1,779,389	1,784,215	1,783,359	1,755,372	1,746,105	1,734,291	1,713,620	1,690,817	1,657,659	1,633,686	1,637,375	1,646,068	1,647,183	1,629,056	1,598,149	1,560,530	1,516,473	1,484,795	1,439,022	1,418,416	1,397,588	1,366,981	1,342,653	1,281,582	1,261,736	1,236,691	1,217,882	1,198,507	1,165,965	1,153,078	1,126,397	1,112,336	1,095,550	1,083,412	1,078,550	1,085,801	1,112,869	0	0	0
Costs and expenses:
Income from the franchise cheese-purchasing program, net of noncontrolling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,634	0	0	0	-	-	-	-	-	-
Cost of sales
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	103,534	110,347	0	0	0
Salaries and benefits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	149,250	153,479	0	0	0
Advertising and related costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	46,056	46,685	0	0	0
Occupancy costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	33,325	33,694	0	0	0
Other operating expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	70,467	71,084	0	0	0
Total domestic Company-owned restaurant expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	402,632	415,289	0	0	0
Variable interest entities restaurant expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Cost of sales
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	349,598	360,975	0	0	0
Salaries and benefits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	34,789	35,324	0	0	0
Other operating expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	45,568	46,157	0	0	0
Total domestic commissary and other expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	429,955	442,456	0	0	0
Loss (income) from the franchise cheese-purchasing program, net of noncontrolling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-19,323	-10,788	0	0	0
International operating expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	24,037	23,282	0	0	0
General and administrative expenses
219,976	223,460	212,211	214,419	204,673	193,534	173,125	153,172	154,448	150,866	147,136	151,927	154,302	158,135	162,589	159,700	160,124	163,626	168,067	164,078	154,593	147,810	140,363	138,472	138,036	134,228	136,170	134,816	133,153	131,591	121,070	117,976	114,130	111,608	109,994	109,795	111,168	109,954	108,716	110,886	111,684	111,361	112,798	110,732	0	0	0
Other general expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,271	7,388	7,021	6,673	4,335	4,286	3,824	8,313	10,770	14,336	14,660	9,767	9,427	7,293	7,521	9,030	11,722	10,908	12,264	14,346	13,917	12,627	0	0	0
Depreciation and amortization
47,827	47,281	46,650	46,403	46,613	46,403	46,231	45,827	44,750	43,668	42,890	42,323	41,700	40,987	40,058	39,905	40,010	40,307	41,064	41,123	40,842	39,965	38,972	37,057	35,732	35,105	34,247	33,834	33,408	32,798	32,193	31,975	32,296	32,681	32,996	33,089	32,839	32,407	32,225	31,903	31,523	31,446	31,933	32,592	0	0	0
Total costs and expenses
1,600,943	1,599,452	1,585,477	1,584,373	1,601,738	1,631,029	1,653,836	1,652,629	1,647,270	1,630,668	1,599,770	1,590,635	1,579,207	1,559,319	1,537,476	1,510,264	1,492,126	1,501,068	1,515,568	1,518,934	1,504,804	1,479,540	1,447,861	1,407,542	1,375,915	1,332,519	1,313,376	1,292,791	1,264,805	1,242,846	1,185,101	1,169,502	1,149,629	1,130,865	1,112,963	1,083,596	1,067,065	1,039,653	1,027,172	1,004,543	990,602	983,332	997,714	1,029,942	0	0	0
Refranchising gains (losses), net
-	-	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Refranchising and impairment gains (losses), net
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating income
34,498	24,535	17,341	-1,756	8,923	31,553	75,483	123,168	135,475	151,017	165,824	165,692	165,306	164,523	153,341	147,395	141,560	136,307	129,521	127,270	123,273	117,630	112,669	108,931	108,880	106,503	105,040	104,797	102,176	99,807	96,481	92,234	87,062	87,017	85,544	82,369	86,013	86,744	85,164	91,007	92,810	95,218	88,087	82,927	0	0	0
Legal settlement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	755	826	829	821	875	805	781	728	629	618	650	0	0	0
Net interest expense
0	-	-23,428	-25,237	0	-	-21,823	0	0	-	-8,656	-7,846	-7,718	-7,397	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,981	2,528	3,662	4,702	5,338	5,404	5,374	5,481	5,653	6,172	6,588	0	0	0
Income (loss) before income taxes
17,318	5,046	-5,382	-26,288	-17,134	6,697	54,013	105,190	121,535	140,342	158,851	159,529	159,271	158,809	147,159	141,789	124,120	119,147	112,615	110,576	119,281	114,255	109,805	106,850	107,222	106,109	104,714	104,314	101,172	98,395	93,947	89,930	85,531	84,791	83,842	79,536	82,132	82,281	80,565	86,414	88,057	90,194	82,533	76,989	0	0	0
Income tax expense
1,070	-611	508	-7,280	-1,523	2,624	7,740	23,387	26,823	33,817	47,022	47,719	48,331	49,717	46,065	44,369	38,344	37,183	34,577	34,552	37,886	36,558	34,726	33,855	34,021	33,130	33,063	33,716	33,158	32,393	30,429	28,297	26,306	26,324	26,462	25,576	27,122	26,856	25,438	27,171	27,648	28,985	27,899	26,684	0	0	0
Net income (loss) before attribution to noncontrolling interests
16,248	5,657	-5,890	-19,008	-15,611	4,073	46,273	81,803	94,712	106,525	111,829	111,810	110,940	109,092	101,094	97,420	85,776	81,964	78,038	76,024	81,395	77,697	75,079	72,995	73,201	72,979	71,651	70,598	68,014	66,002	63,518	61,633	59,225	58,467	57,380	53,960	55,010	55,425	55,127	59,243	60,409	61,209	54,634	50,305	0	0	0
Net income attributable to noncontrolling interests
1,208	791	-30	537	1,089	1,599	2,422	2,835	3,405	4,233	5,416	5,747	5,874	6,272	6,209	6,031	6,148	6,282	5,870	5,752	5,155	4,382	4,140	3,855	3,659	3,442	3,560	3,752	4,029	4,342	4,156	4,179	3,936	3,732	3,681	3,536	3,518	3,485	3,514	3,739	3,920	3,756	3,132	2,894	0	0	0
Net income (loss) attributable to the Company
15,040	4,866	-5,860	-19,545	-16,700	2,474	43,851	78,968	91,307	102,292	106,413	106,063	105,066	102,820	94,885	91,389	79,628	75,682	72,168	70,272	76,240	73,315	70,939	69,140	69,542	69,537	68,091	66,846	63,985	61,660	59,362	57,454	55,289	54,735	53,699	50,424	51,492	51,940	51,613	55,504	56,489	57,453	51,502	47,411	0	0	0
Calculation of net income (loss) for earnings per share:
Net income (loss) attributable to the Company
15,040	4,866	-5,860	-19,545	-16,700	2,474	43,851	78,968	91,307	102,292	106,413	106,063	105,066	102,820	94,885	91,389	79,628	75,682	72,168	70,272	76,240	73,315	70,939	69,140	69,542	69,537	68,091	66,846	63,985	61,660	59,362	57,454	55,289	54,735	53,699	50,424	51,492	51,940	51,613	55,504	56,489	57,453	51,502	47,411	0	0	0
Preferred stock dividends and accretion
13,900	12,499	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in noncontrolling interest redemption value
-	-	-	-	-	-	-	-	-	1,419	1,644	1,250	867	567	599	707	355	65	-155	-148	-106	-44	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to participating securities
-	-	-	-	-	-	265	354	381	423	437	435	427	420	390	376	335	325	330	334	365	402	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss) attributable to common shareholders
1,140	-7,633	-14,742	-24,954	-18,695	2,474	43,586	78,851	91,825	103,288	107,620	106,878	105,506	102,967	94,710	91,434	79,508	75,422	72,067	70,076	75,909	72,869	69,523	67,843	68,357	68,497	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
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
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-
Domestic Company-owned restaurants
Total revenues
651,690	652,053	653,068	646,218	663,941	692,380	740,705	778,687	800,064	816,718	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating costs (excluding depreciation and amortization shown separately below):
522,295	526,237	534,999	537,219	553,137	577,658	616,620	642,230	656,795	664,640	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Refranchising and impairment gains (losses), net
-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
North America franchising
Total revenues
73,738	71,828	70,984	67,866	72,017	79,293	88,491	101,252	103,928	106,729	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
North America commissary
Total revenues
619,170	612,652	599,193	590,730	597,057	609,866	639,693	657,481	664,085	673,712	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating costs (excluding depreciation and amortization shown separately below):
574,895	569,180	562,119	555,423	561,979	575,103	599,445	617,089	623,261	631,537	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
International
Total revenues
103,316	102,924	101,356	102,330	105,902	110,349	117,219	120,337	118,513	114,021	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating costs (excluding depreciation and amortization shown separately below):
58,498	57,702	57,827	59,454	63,050	67,775	72,111	74,837	73,861	70,622	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Refranchising gains (losses), net
-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other segment
Total revenues
182,788	179,791	174,699	173,681	172,237	170,983	146,803	121,632	97,625	72,179	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating costs (excluding depreciation and amortization shown separately below):
177,452	175,592	171,671	171,455	172,286	170,556	146,304	119,474	94,155	69,335	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-