BJs Restaurants (BJRI) FY2019 results: revenue $1.2 billion, up 4.0% on the year
BJs Restaurants Inc. (BJRI) reported revenue of $1.2 billion for fiscal 2019, the year ended 31 December 2019, up 4.0% on the year before. Net income was $45 million, down 11.0%, and diluted earnings per share $2.20. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2020.
Revenue
$1.2 billion
+4.0% on the year
FY2012FY2019
Operating margin
4.2%
5.2% a year earlier
FY2012FY2019
Net income
$45 million
-11.0% on the year
FY2012FY2019
Diluted EPS
$2.20
-6.4% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
1,161
1,117
1,032
+4.0%
Cost of revenue
295
282
269
+4.6%
Gross profit
866
835
763
+3.8%
Gross margin
74.6%
74.8%
74.0%
Operating income
49.1
57.6
37.9
-14.7%
Operating margin
4.2%
5.2%
3.7%
Pre-tax income
46.3
52.0
35.4
-11.0%
Income tax
1.1
1.2
-9.4
-11.0%
Effective tax rate
2.3%
2.3%
-26.5%
Net income
45.2
50.8
44.8
-11.0%
Net margin
3.9%
4.5%
4.3%
Diluted EPS
$2.20
$2.35
$2.06
-6.4%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
116
133
107
-12.7%
Capital expenditure
82.2
61.0
70.7
+34.8%
Free cash flow
33.8
72.0
36.3
-53.0%
Free cash flow margin
2.9%
6.4%
3.5%
Cash from investing
-78.1
-55.5
-52.8
Cash from financing
-44.7
-72.6
-52.6
Depreciation and amortisation
72.0
70.4
68.7
+2.2%
Share-based compensation
8.9
8.3
6.9
+8.0%
Buybacks
82.8
20.3
66.9
+307.1%
Dividends paid
10.0
9.5
2.3
+5.4%
Dividend per share
$0.49
$0.45
$0.11
+8.9%
Diluted shares, weighted
21m
22m
22m
-4.6%
Shares outstanding at period end
19m
21m
20m
-9.1%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
290
309
259
-6.1%
Debt
143
95.0
164
+50.5%
Operating lease liabilities
448
n/a
n/a
Other liabilities
190
291
261
-34.5%
Total liabilities and equity
1,072
695
684
+54.2%
Fixed assets
584
583
590
+0.2%
Goodwill
4.7
4.7
4.7
0.0%
Cash and equivalents
22.4
29.2
24.3
-23.4%
Receivables
22.2
31.2
13.9
-28.8%
Other assets
439
47.3
50.8
+829.2%
Total assets
1,072
695
684
+54.2%
10-K for the year ended 31 December 2019, filed 25 February 2020: the filing.