BJs Restaurants (BJRI) FY2020 results: revenue $779 million, down 33.0% on the year
BJs Restaurants Inc. (BJRI) reported revenue of $779 million for fiscal 2020, the year ended 29 December 2020, down 33.0% on the year before. Net income was -$58 million, and diluted earnings per share $-2.74. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2021.
Revenue
$779 million
-33.0% on the year
FY2013FY2020
Operating margin
-11.1%
4.2% a year earlier
FY2013FY2020
Net income
-$58 million
FY2013FY2020
Diluted EPS
-$2.74
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
779
1,161
1,117
-33.0%
Cost of revenue
196
295
282
-33.7%
Gross profit
583
866
835
-32.7%
Gross margin
74.9%
74.6%
74.8%
Operating income
-86.4
49.1
57.6
Operating margin
-11.1%
4.2%
5.2%
Pre-tax income
-90.0
46.3
52.0
Income tax
-32.1
1.1
1.2
Effective tax rate
n/a
2.3%
2.3%
Net income
-57.9
45.2
50.8
Net margin
-7.4%
3.9%
4.5%
Diluted EPS
-$2.74
$2.20
$2.35
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
40.5
116
133
-65.1%
Capital expenditure
43.3
82.2
61.0
-47.3%
Free cash flow
-2.8
33.8
72.0
Free cash flow margin
-0.4%
2.9%
6.4%
Cash from investing
-35.7
-78.1
-55.5
Cash from financing
24.4
-44.7
-72.6
Depreciation and amortisation
73.1
72.0
70.4
+1.6%
Share-based compensation
9.8
8.9
8.3
+9.8%
Buybacks
15.0
82.8
20.3
-81.9%
Dividends paid
0.1
10.0
9.5
-98.5%
Dividend per share
n/a
$0.49
$0.45
Diluted shares, weighted
21m
21m
22m
+2.8%
Shares outstanding at period end
22m
19m
21m
+16.5%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
294
290
309
+1.2%
Debt
117
143
95.0
-18.3%
Operating lease liabilities
457
448
n/a
+1.9%
Other liabilities
192
190
291
+0.8%
Total liabilities and equity
1,059
1,072
695
-1.2%
Fixed assets
535
584
583
-8.4%
Goodwill
4.7
4.7
4.7
0.0%
Cash and equivalents
51.7
22.4
29.2
+130.7%
Receivables
23.6
22.2
31.2
+6.5%
Other assets
445
439
47.3
+1.2%
Total assets
1,059
1,072
695
-1.2%
10-K for the year ended 29 December 2020, filed 1 March 2021: the filing.