SHAKE SHACK INC. SHAK Income Statement

Shake shack inc. (SHAK)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'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
Revenue from Contract with Customer, Excluding Assessed Tax
605,080	594,519	567,349	529,234	492,803	459,310	431,181	406,143	381,177	358,810	335,945	315,903	291,059	268,475	246,265	224,971	206,949	190,592	174,303	152,855	132,142	118,530	0	0	0
Shack-level operating expenses:
Food and paper costs
169,749	168,176	159,809	148,353	137,132	126,096	118,027	111,084	104,118	98,337	91,869	86,502	79,894	73,752	67,958	62,494	58,107	54,079	50,327	44,738	39,016	34,925	0	0	0
Labor and related expenses
165,484	160,811	153,334	142,965	132,500	122,094	112,699	105,273	97,967	91,740	85,592	80,002	72,838	65,540	58,947	52,907	48,813	44,752	41,152	36,644	32,160	29,312	0	0	0
Shack-level operating expenses:
Other operating expenses
71,380	69,169	66,517	61,066	56,592	51,783	46,961	42,694	38,899	35,805	32,851	30,199	27,692	24,946	22,203	20,002	17,746	16,307	14,904	13,433	12,295	11,191	0	0	0
Occupancy and related expenses
50,110	48,451	44,398	40,406	35,934	32,710	31,077	30,054	29,696	28,197	27,020	25,507	23,673	21,820	19,500	17,697	16,347	15,207	14,207	12,676	11,043	9,753	0	0	0
General and administrative expenses
67,903	65,649	61,593	57,654	54,848	52,720	49,198	45,251	42,342	39,003	35,643	34,324	32,142	30,556	29,925	27,768	26,324	37,825	36,160	35,632	33,209	18,187	0	0	0
Depreciation expense
43,194	40,392	37,334	34,299	31,468	29,000	26,999	25,164	23,454	21,704	19,883	17,998	16,144	14,502	13,177	12,094	11,137	10,222	9,016	7,882	6,769	5,809	0	0	0
Pre-opening costs
14,435	14,834	14,926	14,020	12,892	12,279	10,673	9,762	9,217	9,603	9,773	9,701	9,910	9,520	8,084	6,887	6,042	5,430	6,331	6,696	6,585	6,105	0	0	0
Impairment and loss on disposal of assets
-3,089	-1,352	-1,405	-1,259	-1,078	-917	-834	-881	-785	-608	-351	-147	-47	-34	-17	0	0	-	0	-	-	-105	0	0	0
TOTAL EXPENSES
585,344	568,834	539,316	500,022	462,444	427,599	396,468	370,163	346,478	324,997	302,982	284,380	262,340	240,670	219,794	199,866	184,533	183,839	172,191	157,788	141,177	115,387	0	0	0
OPERATING INCOME (LOSS)
19,736	25,685	28,033	29,212	30,359	31,711	34,713	35,980	34,699	33,813	32,963	31,523	28,719	27,805	26,471	25,105	22,416	6,753	2,112	-4,933	-9,035	3,143	0	0	0
Other income (loss), net
1,606	2,263	1,703	1,891	1,850	1,514	128,571	128,364	128,156	128,123	1,490	1,412	1,237	1,065	197	0	0	-	0	-	-	-	-	-	-
Interest expense
474	434	947	1,406	1,922	2,415	2,269	2,152	1,905	1,643	1,251	865	590	374	844	672	497	332	339	294	322	365	0	0	0
INCOME (LOSS) BEFORE INCOME TAXES
20,868	27,514	28,789	29,697	30,287	30,810	161,015	162,192	160,950	160,293	33,202	32,070	29,366	28,496	26,321	24,810	22,105	6,428	1,723	-5,367	-9,441	2,780	0	0	0
Income Tax Expense (Benefit)
1,426	3,386	3,136	8,521	9,711	8,862	149,551	149,804	150,949	151,409	7,829	7,778	6,709	6,350	6,586	5,671	4,370	3,304	3,072	1,671	793	662	0	0	0
NET INCOME (LOSS)
19,442	24,128	25,653	21,176	20,576	21,948	11,464	12,388	10,001	8,884	25,373	24,292	22,657	22,146	19,735	19,139	17,735	3,124	-1,349	-7,038	-10,234	2,118	0	0	0
Less: net income (loss) attributable to non-controlling interests
3,121	4,301	4,691	5,533	6,359	6,769	7,790	8,742	9,080	9,204	9,310	9,460	9,406	9,700	9,963	11,605	12,381	11,900	8,692	4,027	0	0	0	0	0
NET INCOME (LOSS) ATTRIBUTABLE TO SHAKE SHACK INC.
16,321	19,827	20,962	15,643	14,217	15,179	3,674	3,646	921	-320	16,063	14,832	13,251	12,446	9,772	7,534	5,354	-8,776	-11,449	-12,473	-11,642	2,118	0	0	0
Earnings (loss) per share of Class A common stock
Basic (in dollars per share)
-0.03	-0.08	0.32	0.30	0.09	-0.03	0.17	0.27	0.13	-0.48	0.19	0.19	0.09	0.16	0.16	0.15	0.07	0.21	0.11	0.09	-1.06	-0.06	0.02	0.07	0.04
Diluted (in dollars per share)
-0.03	-0.07	0.31	0.29	0.08	-0.04	0.17	0.26	0.13	-0.48	0.19	0.19	0.09	0.17	0.15	0.14	0.07	0.23	0.10	0.08	-1.06	-0.05	0.02	0.06	0.04
Weighted-average shares of Class A common stock outstanding:
Basic (in shares)
34,444	33,878	31,961	30,122	29,563	29,407	28,954	27,796	27,039	26,306	26,024	25,798	25,376	24,895	24,023	22,553	20,353	16,584	13,757	12,058	11,953	30,004	29,978	29,963	29,963
Diluted (in shares)
34,444	34,681	32,916	31,015	30,392	30,257	29,883	28,754	27,822	24,760	26,477	26,312	25,955	25,380	24,554	23,050	20,812	14,275	14,785	13,339	11,953	30,132	30,104	30,127	30,125
Shack sales
Revenue from Contract with Customer, Excluding Assessed Tax
584,104	574,625	549,531	513,047	478,069	445,589	417,999	393,217	368,322	346,388	324,178	304,949	281,352	259,350	237,744	217,148	199,325	183,219	166,959	145,849	125,449	112,042	0	0	0
Licensing revenue
Revenue from Contract with Customer, Excluding Assessed Tax
20,976	19,894	17,818	16,187	14,734	13,721	13,182	12,926	12,855	12,422	11,767	10,954	9,707	9,125	8,521	7,823	7,624	7,373	7,344	7,006	6,693	6,488	0	0	0