Chipotle Mexican Grill (CMG) FY2021 results: revenue $7.5 billion, up 26.1% on the year
Chipotle Mexican Grill Inc. (CMG) reported revenue of $7.5 billion for fiscal 2021, the year ended 31 December 2021, up 26.1% on the year before. Net income was $653 million, up 83.5%, and diluted earnings per share $0.46. The figures are the company's own, from the 10-K it filed with the SEC on 11 February 2022.
Revenue
$7.5 billion
+26.1% on the year
FY2016FY2021
Operating margin
10.7%
4.8% a year earlier
FY2016FY2021
Net income
$653 million
+83.5% on the year
FY2016FY2021
Diluted EPS
$0.46
+82.9% on the year
FY2016FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
1,282
664
722
+93.1%
Capital expenditure
442
373
334
+18.5%
Free cash flow
840
290
388
+189.0%
Free cash flow margin
11.1%
4.9%
6.9%
Cash from investing
-522
-433
-292
Cash from financing
-549
-105
-202
Depreciation and amortisation
255
239
213
+6.8%
Share-based compensation
176
82.6
91.4
+113.5%
Buybacks
466
54.4
191
+757.5%
Diluted shares, weighted
1,426m
1,421m
1,415m
+0.3%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
2,297
2,020
1,683
+13.7%
Debt
0.0
0.0
0.0
Operating lease liabilities
3,302
2,952
2,678
+11.8%
Other liabilities
1,054
1,010
743
+4.3%
Total liabilities and equity
6,653
5,983
5,105
+11.2%
Fixed assets
1,769
1,584
1,459
+11.7%
Goodwill
21.9
21.9
21.9
0.0%
Investments
535
446
400
+20.0%
Trading assets
19.3
15.3
12.8
+26.4%
Cash and equivalents
815
608
481
+34.1%
Receivables
99.6
104
80.5
-4.7%
Inventory
32.8
26.4
26.1
+24.1%
Other assets
3,359
3,176
2,624
+5.8%
Total assets
6,653
5,983
5,105
+11.2%
10-K for the year ended 31 December 2021, filed 11 February 2022: the filing.