BJs Restaurants (BJRI) FY2018 results: revenue $1.1 billion, up 8.3% on the year
BJs Restaurants Inc. (BJRI) reported revenue of $1.1 billion for fiscal 2018, the year ended 1 January 2019, up 8.3% on the year before. Net income was $51 million, up 13.5%, and diluted earnings per share $2.35. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2019.
Revenue
$1.1 billion
+8.3% on the year
FY2011FY2018
Operating margin
5.2%
3.7% a year earlier
FY2011FY2018
Net income
$51 million
+13.5% on the year
FY2011FY2018
Diluted EPS
$2.35
+14.1% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
1,117
1,032
993
+8.3%
Cost of revenue
282
269
251
+4.9%
Gross profit
835
763
742
+9.4%
Gross margin
74.8%
74.0%
74.7%
Operating income
57.6
37.9
61.6
+51.9%
Operating margin
5.2%
3.7%
6.2%
Interest expense
n/a
n/a
1.4
Pre-tax income
52.0
35.4
61.1
+46.9%
Income tax
1.2
-9.4
15.5
Effective tax rate
2.3%
-26.5%
25.4%
Net income
50.8
44.8
45.6
+13.5%
Net margin
4.5%
4.3%
4.6%
Diluted EPS
$2.35
$2.06
$1.88
+14.1%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
133
107
138
+24.2%
Capital expenditure
61.0
70.7
109
-13.8%
Free cash flow
72.0
36.3
29.0
+98.2%
Free cash flow margin
6.4%
3.5%
2.9%
Cash from investing
-55.5
-52.8
-105
Cash from financing
-72.6
-52.6
-45.4
Depreciation and amortisation
70.4
68.7
64.3
+2.6%
Share-based compensation
8.3
6.9
5.5
+18.9%
Buybacks
20.3
66.9
95.0
-69.6%
Dividends paid
9.5
2.3
n/a
+318.3%
Dividend per share
$0.45
$0.11
n/a
+309.1%
Diluted shares, weighted
22m
22m
24m
-0.9%
Shares outstanding at period end
21m
20m
22m
+2.8%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
309
259
275
+19.5%
Debt
95.0
164
148
-41.9%
Other liabilities
291
261
268
+11.3%
Total liabilities and equity
695
684
691
+1.7%
Fixed assets
583
590
601
-1.2%
Goodwill
4.7
4.7
4.7
0.0%
Cash and equivalents
29.2
24.3
22.8
+20.1%
Receivables
31.2
13.9
14.7
+125.0%
Other assets
47.3
50.8
47.9
-7.0%
Total assets
695
684
691
+1.7%
10-K for the year ended 1 January 2019, filed 26 February 2019: the filing.