Chipotle Mexican Grill (CMG) FY2020 results: revenue $6.0 billion, up 7.1% on the year
Chipotle Mexican Grill Inc. (CMG) reported revenue of $6.0 billion for fiscal 2020, the year ended 31 December 2020, up 7.1% on the year before. Net income was $356 million, up 1.6%, and diluted earnings per share $0.25. The figures are the company's own, from the 10-K it filed with the SEC on 10 February 2021.
Revenue
$6.0 billion
+7.1% on the year
FY2016FY2020
Operating margin
4.8%
7.9% a year earlier
FY2016FY2020
Net income
$356 million
+1.6% on the year
FY2016FY2020
Diluted EPS
$0.25
+1.1% on the year
FY2016FY2020
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
5,985
5,586
4,865
+7.1%
Operating income
290
444
258
-34.6%
Operating margin
4.8%
7.9%
5.3%
Pre-tax income
294
458
268
-35.9%
Income tax
-62.0
108
-91.9
Effective tax rate
-21.1%
23.6%
-34.2%
Net income
356
350
177
+1.6%
Net margin
5.9%
6.3%
3.6%
Diluted EPS
$0.25
$0.25
$0.13
+1.1%
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
664
722
622
-8.0%
Capital expenditure
373
334
287
+11.8%
Free cash flow
290
388
334
-25.1%
Free cash flow margin
4.9%
6.9%
6.9%
Cash from investing
-433
-292
-388
Cash from financing
-105
-202
-167
Depreciation and amortisation
239
213
202
+12.1%
Share-based compensation
82.6
91.4
69.2
-9.6%
Buybacks
54.4
191
161
-71.5%
Diluted shares, weighted
1,421m
1,415m
1,398m
+0.4%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
2,020
1,683
1,441
+20.0%
Debt
0.0
0.0
0.0
Operating lease liabilities
2,952
2,678
0.0
+10.2%
Other liabilities
1,010
743
824
+36.0%
Total liabilities and equity
5,983
5,105
2,266
+17.2%
Fixed assets
1,584
1,459
1,379
+8.6%
Goodwill
21.9
21.9
21.9
0.0%
Investments
446
400
427
+11.4%
Trading assets
15.3
12.8
10.9
+19.4%
Cash and equivalents
608
481
250
+26.5%
Receivables
104
80.5
62.3
+29.7%
Inventory
26.4
26.1
21.6
+1.3%
Other assets
3,176
2,624
92.8
+21.1%
Total assets
5,983
5,105
2,266
+17.2%
10-K for the year ended 31 December 2020, filed 10 February 2021: the filing.