| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|---|
Revenue: | |||||||||
Revenue | |||||||||
2,756 | 2,457 | 2,219 | 1,990 | 1,807 | 1,582 | 1,422 | 1,263 | 1,109 | 1,004 |
Costs and expenses: | |||||||||
Restaurant operating costs (excluding depreciation and amortization shown separately below): | |||||||||
Cost of sales | |||||||||
883 | 795 | 721 | 669 | 644 | 553 | 492 | 423 | 367 | 324 |
Labor | |||||||||
905 | 793 | 687 | 590 | 524 | 459 | 411 | 367 | 326 | 293 |
Rent | |||||||||
52 | 48 | 44 | 40 | 37 | 33 | 28 | 25 | 23 | 21 |
Other operating | |||||||||
418 | 375 | 342 | 305 | 275 | 246 | 224 | 204 | 184 | 172 |
Pre-opening | |||||||||
20 | 19 | 19 | 19 | 19 | 18 | 17 | 12 | 11 | 7 |
Depreciation and amortization | |||||||||
115 | 101 | 93 | 82 | 69 | 59 | 51 | 46 | 42 | 41 |
Impairment and closure, net | |||||||||
-0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 2 |
Gain on sale of other concept | |||||||||
- | - | - | - | - | - | 1 | - | - | - |
General and administrative | |||||||||
149 | 136 | 123 | 110 | 92 | 81 | 77 | 70 | 57 | 52 |
Total costs and expenses | |||||||||
2,544 | 2,269 | 2,033 | 1,818 | 1,662 | 1,451 | 1,302 | 1,152 | 1,013 | 914 |
Income from operations | |||||||||
212 | 187 | 186 | 171 | 144 | 130 | 119 | 110 | 95 | 90 |
Interest expense (income), net | |||||||||
1 | -0 | -1 | -1 | 1 | 2 | 2 | 2 | 2 | 2 |
Equity (loss) income from investments in unconsolidated affiliates | |||||||||
0 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 |
Income before taxes | |||||||||
213 | 188 | 186 | 171 | 144 | 129 | 118 | 108 | 93 | 88 |
Income tax (benefit) expense | |||||||||
32 | 24 | 48 | 51 | 42 | 38 | 34 | 34 | 26 | 27 |
Net income including noncontrolling interests | |||||||||
181 | 164 | 137 | 120 | 101 | 90 | 84 | 73 | 66 | 60 |
Less: Net income attributable to noncontrolling interests | |||||||||
7 | 6 | 6 | 4 | 4 | 3 | 3 | 2 | 2 | 2 |
Net income attributable to Texas Roadhouse, Inc. and subsidiaries | |||||||||
174 | 158 | 131 | 115 | 96 | 87 | 80 | 71 | 63 | 58 |
Other comprehensive (loss) income, net of tax: | |||||||||
Unrealized gain on derivatives, net of tax of ($-), ($-) and ($18) | |||||||||
- | - | - | 0 | 0 | 0 | 0 | 0 | -1 | -1 |
Foreign currency translation adjustment, net of tax of $13 and ($33), respectively | |||||||||
0 | -0 | 0 | -0 | -0 | 0 | - | - | - | - |
Total other comprehensive loss, net of tax | |||||||||
- | - | - | -0 | 0 | 0 | 0 | 0 | - | - |
Total comprehensive income | |||||||||
174 | 158 | 131 | 115 | 97 | 87 | 81 | 71 | 62 | 56 |
Net income per common share attributable to Texas Roadhouse, Inc. and subsidiaries: | |||||||||
Basic | |||||||||
2.47 | 2.21 | 1.85 | 1.64 | 1.38 | 1.25 | 1.15 | 1.02 | 0.90 | 0.82 |
Diluted | |||||||||
2.46 | 2.20 | 1.84 | 1.63 | 1.37 | 1.23 | 1.13 | 1.00 | 0.88 | 0.80 |
Weighted average shares outstanding: | |||||||||
Basic | |||||||||
70 | 71 | 70 | 70 | 70 | 69 | 70 | 70 | 70 | 71 |
Diluted | |||||||||
70 | 71 | 71 | 71 | 70 | 70 | 71 | 71 | 72 | 72 |
Cash dividends declared per share | |||||||||
1.20 | 1.00 | 0.84 | 0.76 | 0.68 | 0.60 | 0.48 | 0.46 | 0.32 | - |
Restaurant and other sales | |||||||||
Revenue | |||||||||
2,734 | 2,437 | 2,203 | 1,974 | 1,791 | 1,568 | 1,410 | 1,252 | 1,099 | 995 |
Franchise royalties and fees | |||||||||
Revenue | |||||||||
21 | 20 | 16 | 16 | 15 | 13 | 12 | 10 | 9 | 9 |