Texas Roadhouse, Inc. TXRH Income Statement

Texas roadhouse, inc. (TXRH)

Income statement / Quarterly

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	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
Revenue:
Revenue
652,524	725,238	650,489	689,828	690,608	605,912	594,595	629,237	627,705	545,076	540,507	566,262	567,686	484,710	481,637	508,808	515,559	454,351	438,089	454,698	460,230	404,425	385,218	395,363	397,142	376,020	334,770	352,119	359,676	309,531	308,656	320,275	324,869	276,616	269,253	279,572	283,785	244,594	245,613	255,162	259,624
Costs and expenses:
Restaurant operating costs (excluding depreciation and amortization shown separately below):
Cost of sales
210,180	233,221	205,158	221,266	223,712	196,476	191,990	204,048	202,786	175,688	176,498	185,171	184,193	162,638	161,886	171,551	173,128	159,301	156,643	168,077	159,980	143,592	137,658	137,082	134,812	130,972	116,570	120,212	124,552	104,170	102,930	106,860	109,655	92,634	88,944	92,266	93,541	79,707	79,101	82,660	82,799
Labor
241,079	237,902	218,342	225,490	223,880	200,086	197,621	199,647	196,030	173,258	169,355	174,585	170,347	147,395	145,301	150,014	147,546	131,517	129,198	132,084	131,404	116,744	112,521	115,182	114,672	109,007	99,003	101,723	101,661	89,674	91,507	93,235	93,347	81,682	78,919	82,912	82,720	71,781	71,835	74,497	74,909
Rent
13,471	13,358	12,994	13,051	13,128	12,491	12,330	12,119	11,851	11,569	11,257	11,112	10,869	10,103	10,266	10,184	10,027	9,741	9,325	9,138	8,979	8,624	8,380	8,128	8,042	7,588	7,181	7,152	7,057	6,677	6,489	6,379	6,252	5,997	5,796	5,700	5,657	5,475	5,329	5,287	5,270
Other operating
104,289	112,093	100,742	103,811	101,802	96,295	91,946	94,858	92,378	88,526	83,679	84,837	85,660	78,208	73,583	75,887	77,612	70,773	66,848	68,358	69,317	65,848	59,276	60,362	60,853	62,166	51,949	54,989	55,778	52,351	50,183	50,555	51,229	47,742	45,112	45,938	45,281	44,052	43,476	42,767	42,598
Pre-opening
5,112	7,355	4,736	4,197	3,868	5,522	4,378	4,107	5,044	4,972	4,548	5,014	4,740	5,294	5,017	4,411	4,825	4,640	5,749	4,909	3,818	5,775	3,945	4,455	4,277	6,081	4,746	4,240	2,824	3,576	2,458	2,780	3,585	4,121	3,327	2,196	1,890	2,489	2,150	1,307	1,105
Depreciation and amortization
29,054	30,970	28,347	28,454	27,773	25,724	25,843	25,165	24,484	24,263	23,534	23,106	22,596	22,246	20,941	20,238	19,539	18,700	17,843	16,816	16,335	15,497	15,164	14,433	14,085	14,698	12,462	12,190	12,212	11,996	11,828	11,546	11,347	10,985	10,571	10,553	10,600	10,422	10,262	10,262	10,337
Impairment and closure, net
595	-1,293	61	316	17	150	20	22	86	641	2	0	11	125	13	30	11	-	-	-	-	626	-16	9	17	212	103	27	57	1,561	24	20	19	1,142	13	20	26	1,703	44	100	158
General and administrative
32,954	38,221	35,225	39,960	35,983	35,961	35,023	35,004	30,175	28,700	26,123	28,223	40,248	27,862	26,162	26,711	30,060	24,992	21,927	23,620	21,797	20,676	19,469	21,311	20,200	21,042	17,060	21,789	17,367	17,451	15,503	17,653	20,033	14,103	13,499	16,239	13,861	13,231	11,968	14,953	12,342
Total costs and expenses
636,734	671,827	605,605	636,545	630,163	572,705	559,151	574,970	562,834	507,617	494,996	512,048	518,664	453,871	443,169	459,026	462,748	420,638	407,533	423,002	411,630	377,382	356,397	360,962	356,958	349,966	309,074	322,322	321,508	287,456	280,922	289,028	295,467	258,406	246,181	255,824	253,576	228,860	224,165	231,833	229,518
Income from operations
15,790	53,411	44,884	53,283	60,445	33,207	35,444	54,267	64,871	37,459	45,511	54,214	49,022	30,839	38,468	49,782	52,811	33,713	30,556	31,696	48,600	27,043	28,821	34,401	40,184	26,054	25,696	29,797	38,168	22,075	27,734	31,247	29,402	18,210	23,072	23,748	30,209	15,734	21,448	23,329	30,106
Interest expense (income), net
-69	-12	81	691	754	219	-168	-283	-359	-1,030	-500	-379	332	-2,157	288	309	305	479	470	495	515	520	492	514	558	514	525	567	595	571	603	568	605	637	669	542	565	595	644	704	730
Equity (loss) income from investments in unconsolidated affiliates
-500	278	-154	141	113	203	381	445	324	339	359	470	320	280	4	475	352	353	449	467	372	627	410	353	212	142	173	218	180	125	141	121	41	95	71	97	103	73	155	92	108
Income before taxes
15,213	53,677	44,811	54,115	61,312	33,629	35,657	54,429	64,836	37,432	45,370	54,305	49,010	30,766	38,184	49,948	52,858	33,587	30,535	31,668	48,457	27,150	28,739	34,240	39,838	25,682	25,344	29,448	37,753	21,629	27,272	30,800	28,838	17,668	22,474	23,303	29,747	15,212	20,959	22,717	29,484
Income tax (benefit) expense
-1,939	9,066	6,785	7,427	9,119	1,936	5,398	8,466	8,457	7,422	13,046	15,126	12,987	8,858	11,381	15,087	15,857	9,567	9,141	9,402	14,876	7,528	9,017	10,215	12,230	7,523	7,500	8,583	10,534	6,923	8,778	9,952	9,085	4,831	6,058	6,604	9,272	4,550	6,478	7,049	9,606
Net income including noncontrolling interests
17,152	44,611	38,026	46,688	52,193	31,693	30,259	45,963	56,379	30,010	32,324	39,179	36,023	21,908	26,803	34,861	37,001	24,020	21,394	22,266	33,581	19,622	19,722	24,025	27,608	18,159	17,844	20,865	27,219	14,706	18,494	20,848	19,753	12,837	16,416	16,699	20,475	10,662	14,481	15,668	19,878
Less: Net income attributable to noncontrolling interests
1,123	1,925	1,495	1,843	1,803	1,361	1,134	1,736	1,838	1,392	1,310	1,598	1,710	1,183	1,128	1,256	1,408	1,038	912	1,128	1,289	1,027	841	944	1,143	1,040	674	902	1,048	782	427	538	884	540	618	623	682	602	529	632	637
Net income attributable to Texas Roadhouse, Inc. and subsidiaries
16,029	42,686	36,531	44,845	50,390	30,332	29,125	44,227	54,541	28,618	31,014	37,581	34,313	20,725	25,675	33,605	35,593	22,982	20,482	21,138	32,292	18,595	18,881	23,081	26,465	17,119	17,170	19,963	26,171	13,924	18,067	20,310	18,869	12,297	15,798	16,076	19,793	10,060	13,952	15,036	19,241
Other comprehensive (loss) income, net of tax:
Unrealized gain on derivatives, net of tax of ($-), ($-) and ($18)
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	27	178	223	215	201	204	228	196	180	174	97	342	196	226	28	-65	-41	198	-788	-789	108	-	-	-	-
Foreign currency translation adjustment, net of tax of $13 and ($33), respectively
-37	106	-118	-82	97	-22	-159	-118	110	24	88	22	21	-101	29	-29	-11	-53	-109	12	6	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total other comprehensive loss, net of tax
-	-	-118	-82	-	-	-159	-118	110	-	88	22	21	-101	29	-29	16	125	114	227	207	266	228	196	180	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total comprehensive income
15,992	42,792	36,413	44,763	50,487	30,310	28,966	44,109	54,651	28,642	31,102	37,603	34,334	20,624	25,704	33,576	35,609	23,107	20,596	21,365	32,499	18,861	19,109	23,277	26,645	17,293	17,267	20,305	26,367	14,150	18,095	20,245	18,828	12,495	15,010	15,287	19,901	-	-	-	-
Net income per common share attributable to Texas Roadhouse, Inc. and subsidiaries:
Basic
0.23	0.61	0.53	0.63	0.70	0.42	0.41	0.62	0.76	0.40	0.44	0.53	0.48	0.29	0.36	0.48	0.51	0.33	0.29	0.30	0.46	0.27	0.27	0.33	0.38	0.24	0.24	0.29	0.38	0.20	0.26	0.29	0.27	0.18	0.22	0.23	0.27	0.15	0.19	0.21	0.27
Diluted
0.23	0.61	0.52	0.63	0.70	0.42	0.40	0.62	0.76	0.40	0.43	0.53	0.48	0.30	0.36	0.47	0.50	0.32	0.29	0.30	0.46	0.26	0.27	0.33	0.37	0.24	0.24	0.28	0.37	0.20	0.25	0.28	0.27	0.17	0.22	0.22	0.27	0.13	0.19	0.21	0.27
Weighted average shares outstanding:
Basic
69,422	69,348	69,573	71,362	71,753	71,582	71,508	71,445	71,333	71,137	71,067	70,973	70,779	70,570	70,477	70,368	70,169	70,144	70,117	70,026	69,841	69,495	69,544	69,705	70,132	70,606	70,361	70,030	69,359	70,088	70,482	70,129	69,405	69,203	70,800	71,261	72,052	71,907	71,660	71,471	70,690
Diluted
69,852	69,805	69,939	71,733	72,187	72,148	72,006	71,897	71,805	71,805	71,532	71,437	71,334	71,587	70,981	70,876	70,764	71,077	70,735	70,648	70,528	70,380	70,395	70,577	71,080	71,978	71,620	71,267	70,583	71,595	71,928	71,587	70,830	70,408	72,186	72,791	73,727	73,527	73,002	72,961	72,226
Cash dividends declared per share
0.36	0.30	0.30	0.30	0.30	0.25	0.25	0.25	0.25	0.21	0.21	0.21	0.21	0.19	0.19	0.19	0.19	0.17	0.17	0.17	0.17	0.15	0.15	0.15	0.15	0.12	0.12	0.12	0.12	0.19	0.09	0.09	0.09	0.08	0.08	0.08	0.08	-	-	-	-
Restaurant and other sales
Revenue
647,626	719,457	645,230	684,373	685,117	600,936	589,704	624,073	622,402	541,196	536,341	562,160	563,320	480,730	477,617	504,630	511,284	450,529	433,932	450,692	456,293	400,790	381,991	391,819	393,956	372,879	331,746	348,929	356,564	306,775	306,025	317,546	322,012	274,192	266,874	277,089	281,320	242,406	243,405	252,835	257,342
Franchise royalties and fees
Revenue
4,898	5,781	5,259	5,455	5,491	4,976	4,891	5,164	5,303	3,880	4,166	4,102	4,366	3,980	4,020	4,178	4,275	3,822	4,157	4,006	3,937	3,635	3,227	3,544	3,186	3,141	3,024	3,190	3,112	2,756	2,631	2,729	2,857	2,424	2,379	2,483	2,465	2,188	2,208	2,327	2,282