BJs Restaurants (BJRI) FY2013 results: revenue $775 million, up 9.4% on the year
BJs Restaurants Inc. (BJRI) reported revenue of $775 million for fiscal 2013, the year ended 31 December 2013, up 9.4% on the year before. Net income was $21 million, down 33.1%, and diluted earnings per share $0.73. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2014.
Revenue
$775 million
+9.4% on the year
FY2009FY2013
Operating margin
3.1%
5.8% a year earlier
FY2009FY2013
Net income
$21 million
-33.1% on the year
FY2009FY2013
Diluted EPS
$0.73
-33.0% on the year
FY2009FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
775
708
621
+9.4%
Cost of revenue
192
176
153
+9.3%
Gross profit
583
533
468
+9.5%
Gross margin
75.2%
75.2%
75.4%
Operating income
23.9
40.9
42.4
-41.6%
Operating margin
3.1%
5.8%
6.8%
Interest expense
n/a
0.1
0.1
Pre-tax income
25.0
42.7
43.7
-41.4%
Income tax
4.0
11.2
12.1
-64.5%
Effective tax rate
16.0%
26.4%
27.7%
Net income
21.0
31.4
31.6
-33.1%
Net margin
2.7%
4.4%
5.1%
Diluted EPS
$0.73
$1.09
$1.08
-33.0%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
95.5
88.3
80.9
+8.2%
Capital expenditure
117
109
94.2
+7.2%
Free cash flow
-21.5
-20.9
-13.2
Free cash flow margin
-2.8%
-2.9%
-2.1%
Cash from investing
-89.9
-98.8
-98.3
Cash from financing
2.2
3.2
8.2
-30.2%
Depreciation and amortisation
49.0
41.3
34.1
+18.5%
Share-based compensation
4.4
4.6
4.7
-3.6%
Diluted shares, weighted
29m
29m
29m
+0.1%
Shares outstanding at period end
28m
28m
28m
+0.8%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
401
372
332
+8.0%
Debt
0.0
0.0
0.0
Other liabilities
209
188
170
+11.6%
Total liabilities and equity
611
560
502
+9.2%
Fixed assets
514
457
391
+12.3%
Goodwill
4.7
4.7
4.7
0.0%
Investments
9.8
25.9
30.7
-62.1%
Cash and equivalents
23.0
15.1
22.4
+52.5%
Receivables
12.8
18.9
14.5
-32.5%
Inventory
n/a
6.1
6.0
Other assets
47.0
31.4
33.2
+49.7%
Total assets
611
560
502
+9.2%
10-K for the year ended 31 December 2013, filed 25 February 2014: the filing.