BJs Restaurants (BJRI) FY2017 results: revenue $1.0 billion, up 3.9% on the year
BJs Restaurants Inc. (BJRI) reported revenue of $1.0 billion for fiscal 2017, the year ended 2 January 2018, up 3.9% on the year before. Net income was $45 million, down 1.7%, and diluted earnings per share $2.06. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2019.
Revenue
$1.0 billion
+3.9% on the year
FY2010FY2017
Operating margin
3.7%
6.2% a year earlier
FY2010FY2017
Net income
$45 million
-1.7% on the year
FY2010FY2017
Diluted EPS
$2.06
+9.6% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
1,032
993
920
+3.9%
Cost of revenue
269
251
227
+6.9%
Gross profit
763
742
693
+2.9%
Gross margin
74.0%
74.7%
75.3%
Operating income
37.9
61.6
63.1
-38.5%
Operating margin
3.7%
6.2%
6.9%
Interest expense
n/a
1.4
0.5
Pre-tax income
35.4
61.1
62.1
-42.1%
Income tax
-9.4
15.5
16.8
Effective tax rate
-26.5%
25.4%
27.0%
Net income
44.8
45.6
45.3
-1.7%
Net margin
4.3%
4.6%
4.9%
Diluted EPS
$2.06
$1.88
$1.73
+9.6%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
107
138
127
-22.6%
Capital expenditure
70.7
109
86.1
-35.3%
Free cash flow
36.3
29.0
41.2
+25.2%
Free cash flow margin
3.5%
2.9%
4.5%
Cash from investing
-52.8
-105
n/a
Cash from financing
-52.6
-45.4
n/a
Depreciation and amortisation
68.7
64.3
59.4
+6.8%
Share-based compensation
6.9
5.5
5.4
+25.7%
Buybacks
66.9
95.0
95.5
-29.5%
Dividends paid
2.3
n/a
n/a
Dividend per share
$0.11
n/a
n/a
Diluted shares, weighted
22m
24m
26m
-10.2%
Shares outstanding at period end
20m
22m
25m
-8.3%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
259
275
316
-5.9%
Debt
164
148
100
+10.5%
Other liabilities
261
268
265
-2.6%
Total liabilities and equity
684
691
682
-1.1%
Fixed assets
590
601
562
-1.9%
Goodwill
4.7
4.7
4.7
0.0%
Cash and equivalents
24.3
22.8
34.6
+6.9%
Receivables
13.9
14.7
25.4
-5.7%
Other assets
50.8
47.9
55.2
+6.2%
Total assets
684
691
682
-1.1%
10-K for the year ended 2 January 2018, filed 26 February 2019: the filing.