Winmark corp (WINA)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jul'17Apr'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Revenue:
Leasing income

5,871

3,322

4,375

3,203

5,155

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Leasing income

-

-

4,375

3,203

-

3,182

4,608

4,857

5,528

4,748

3,915

3,946

5,859

4,444

4,174

4,152

4,512

4,645

3,247

3,663

10,009

4,592

4,121

3,157

4,375

3,176

3,810

4,130

3,407

3,222

4,312

3,285

2,392

3,780

2,369

6,980

3,235

2,419

2,345

Total revenue

18,600

17,882

19,680

17,404

18,331

17,071

19,118

18,159

18,161

17,785

17,730

16,429

17,810

17,305

16,734

16,299

16,180

16,947

15,999

15,476

21,024

16,182

16,404

14,038

14,552

13,767

14,791

14,023

13,148

13,118

14,799

12,192

11,833

13,231

11,773

15,224

11,104

11,007

9,879

Leasing expense

1,416

389

572

370

698

160

718

495

554

545

792

660

1,271

313

646

460

904

818

173

510

4,257

396

808

119

306

302

399

610

279

453

770

325

239

966

290

3,340

518

387

439

Provision for credit losses

615

-102

-55

69

10

-109

-55

109

95

35

-13

-11

-1

70

-29

-7

-14

-26

38

-93

-69

36

-1

-11

38

23

-29

-51

13

22

-1

-14

-53

-51

-13

-24

45

130

-160

Selling, general and administrative expenses

5,748

6,107

6,217

6,435

6,984

6,335

6,208

6,799

6,694

6,076

6,184

6,468

6,512

6,195

5,180

5,936

6,554

5,867

5,733

6,329

6,163

5,931

5,677

6,179

6,017

5,469

5,311

5,879

5,537

5,040

4,882

5,221

5,136

4,953

4,219

5,030

4,845

4,360

4,877

Income from operations

10,101

10,943

12,274

9,846

10,066

10,179

11,435

10,074

10,074

10,639

10,039

8,813

9,313

10,409

10,438

9,323

8,038

9,690

9,341

8,084

9,974

9,354

9,177

7,092

7,434

7,501

8,541

7,061

6,675

6,962

8,463

6,026

5,846

6,905

6,645

6,084

5,212

5,208

4,202

LOSS FROM EQUITY INVESTMENTS

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,842

-372

-240

-37

-71

-224

-142

-77

-200

-102

IMPAIRMENT OF INVESTMENT IN NOTES

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

660

-

-

-

293

252

-

-

-

Interest expense

525

382

406

500

442

468

576

657

743

807

613

446

499

556

552

593

640

659

687

369

85

127

150

144

62

33

35

55

89

90

110

122

69

27

26

26

31

363

273

Interest and other income (expense)

5

73

0

-6

-0

-19

-1

-11

-1

-17

28

0

1

-4

-6

9

-10

-1

-12

9

-59

-14

27

0

0

28

5

-0

-10

15

14

-10

46

22

-9

13

17

96

103

Income before income taxes

9,582

10,633

11,869

9,340

9,624

9,690

10,857

9,405

9,329

9,814

9,453

8,366

8,816

9,848

9,879

8,738

7,387

9,029

8,641

7,724

9,829

9,212

9,054

6,949

7,372

7,496

8,511

7,006

6,576

4,382

7,334

5,653

5,785

6,492

6,092

5,675

5,121

4,740

3,930

Provision for income taxes

2,265

2,172

2,755

2,038

2,351

2,033

2,493

2,262

2,369

2,176

3,593

2,836

3,265

3,751

3,785

3,344

2,824

3,375

3,302

2,973

3,775

3,601

3,431

2,668

2,820

2,910

3,259

2,669

2,518

2,624

3,075

2,249

2,269

2,307

2,609

2,275

2,094

2,050

1,591

Net income

7,317

8,461

9,113

7,301

7,272

7,657

8,364

7,143

6,960

7,638

5,860

5,530

5,550

6,097

6,094

5,394

4,562

5,654

5,339

4,751

6,054

5,610

5,623

4,280

4,551

4,585

5,251

4,336

4,057

1,758

4,259

3,404

3,516

4,185

3,483

3,400

3,026

2,690

2,338

Earnings per share - basic (in dollars per share)

1.97

2.18

2.39

1.94

1.86

1.96

2.15

1.85

1.81

1.95

1.46

1.32

1.33

1.47

1.48

1.31

1.11

1.35

1.29

1.04

1.21

1.12

1.12

0.84

0.88

0.90

1.03

0.86

0.81

0.35

0.85

0.67

0.70

0.84

0.70

0.68

0.61

0.54

0.47

Earnings per share - diluted (in dollars per share)

1.87

2.08

2.24

1.79

1.73

1.83

2.01

1.73

1.69

1.82

1.36

1.23

1.25

1.39

1.41

1.25

1.06

1.29

1.23

1.00

1.17

1.08

1.09

0.82

0.86

0.87

1.00

0.83

0.78

0.33

0.82

0.65

0.67

0.80

0.66

0.65

0.58

0.51

0.45

Weighted average shares outstanding - basic

3,711

3,875

3,808

3,771

3,906

3,906

3,886

3,858

3,847

3,830

4,024

4,201

4,167

4,149

4,116

4,110

4,114

4,129

4,128

4,578

4,999

4,997

5,022

5,109

5,148

5,137

5,116

5,024

4,997

4,986

5,013

5,056

5,052

4,975

4,970

4,980

4,989

5,011

5,025

Weighted average shares outstanding - diluted

3,911

4,066

4,065

4,072

4,198

4,176

4,164

4,133

4,124

4,111

4,314

4,483

4,450

4,361

4,328

4,318

4,313

4,331

4,338

4,768

5,167

5,159

5,156

5,243

5,307

5,297

5,263

5,200

5,202

5,179

5,222

5,268

5,280

5,235

5,263

5,239

5,215

5,224

5,189

Royalties
Revenue

11,172

13,198

13,808

12,653

11,761

12,488

12,865

11,821

11,049

11,778

12,316

11,094

10,454

11,854

11,311

10,557

10,272

10,681

11,286

10,214

9,726

10,236

10,725

9,200

8,810

9,407

9,853

8,608

8,474

8,599

9,178

7,693

8,288

8,442

8,046

6,819

7,052

7,030

6,368

Merchandise sales
Revenue

754

581

704

721

611

562

858

704

776

513

773

537

748

334

520

625

737

634

762

686

733

468

786

685

788

506

598

557

665

667

716

656

709

482

664

833

501

964

550

Cost of merchandise sold

717

545

671

681

571

506

811

681

742

490

728

499

715

316

499

588

697

597

711

645

698

463

742

659

754

471

569

524

641

639

684

633

664

457

631

794

482

920

520

Franchise fees
Revenue

387

357

377

413

391

418

383

378

400

360

342

468

368

196

501

493

372

534

483

475

294

475

558

607

349

315

340

389

414

325

411

270

285

245

516

245

75

357

305

Other
Revenue

414

422

414

412

411

420

402

398

405

384

382

382

380

475

227

471

285

451

220

436

260

410

213

387

230

363

189

338

185

304

180

286

158

281

177

347

240

236

309