BJs Restaurants (BJRI) FY2014 results: revenue $846 million, up 9.1% on the year
BJs Restaurants Inc. (BJRI) reported revenue of $846 million for fiscal 2014, the year ended 30 December 2014, up 9.1% on the year before. Net income was $27 million, up 30.3%, and diluted earnings per share $0.97. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2015.
Revenue
$846 million
+9.1% on the year
FY2009FY2014
Operating margin
4.2%
3.1% a year earlier
FY2009FY2014
Net income
$27 million
+30.3% on the year
FY2009FY2014
Diluted EPS
$0.97
+32.9% on the year
FY2009FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
846
775
708
+9.1%
Cost of revenue
213
192
176
+11.0%
Gross profit
633
583
533
+8.5%
Gross margin
74.8%
75.2%
75.2%
Operating income
35.4
23.9
40.9
+48.5%
Operating margin
4.2%
3.1%
5.8%
Interest expense
0.1
n/a
0.1
Pre-tax income
36.3
25.0
42.7
+45.2%
Income tax
8.9
4.0
11.2
+123.7%
Effective tax rate
24.6%
16.0%
26.4%
Net income
27.4
21.0
31.4
+30.3%
Net margin
3.2%
2.7%
4.4%
Diluted EPS
$0.97
$0.73
$1.09
+32.9%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
100
95.5
88.3
+4.7%
Capital expenditure
88.1
117
109
-24.7%
Free cash flow
11.9
-21.5
-20.9
Free cash flow margin
1.4%
-2.8%
-2.9%
Cash from investing
n/a
-89.9
-98.8
Cash from financing
n/a
2.2
3.2
Depreciation and amortisation
55.4
49.0
41.3
+13.0%
Share-based compensation
4.9
4.4
4.6
+9.9%
Buybacks
100
n/a
n/a
Diluted shares, weighted
28m
29m
29m
-2.0%
Shares outstanding at period end
26m
28m
28m
-7.3%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
349
401
372
-13.1%
Debt
58.0
0.0
0.0
Other liabilities
240
209
188
+14.8%
Total liabilities and equity
647
611
560
+5.9%
Fixed assets
541
514
457
+5.4%
Goodwill
4.7
4.7
4.7
0.0%
Investments
n/a
9.8
25.9
Cash and equivalents
30.7
23.0
15.1
+33.4%
Receivables
18.8
12.8
18.9
+47.1%
Inventory
n/a
n/a
6.1
Other assets
51.6
47.0
31.4
+9.6%
Total assets
647
611
560
+5.9%
10-K for the year ended 30 December 2014, filed 26 February 2015: the filing.