Chipotle Mexican Grill (CMG) FY2022 results: revenue $8.6 billion, up 14.4% on the year
Chipotle Mexican Grill Inc. (CMG) reported revenue of $8.6 billion for fiscal 2022, the year ended 31 December 2022, up 14.4% on the year before. Net income was $899 million, up 37.7%, and diluted earnings per share $0.64. The figures are the company's own, from the 10-K it filed with the SEC on 9 February 2023.
Revenue
$8.6 billion
+14.4% on the year
FY2016FY2022
Operating margin
13.4%
10.7% a year earlier
FY2016FY2022
Net income
$899 million
+37.7% on the year
FY2016FY2022
Diluted EPS
$0.64
+39.9% on the year
FY2016FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
1,323
1,282
664
+3.2%
Capital expenditure
479
442
373
+8.3%
Free cash flow
844
840
290
+0.5%
Free cash flow margin
9.8%
11.1%
4.9%
Cash from investing
-830
-522
-433
Cash from financing
-929
-549
-105
Depreciation and amortisation
287
255
239
+12.6%
Share-based compensation
98.0
176
82.6
-44.4%
Buybacks
830
466
54.4
+78.0%
Diluted shares, weighted
1,403m
1,426m
1,421m
-1.6%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
2,368
2,297
2,020
+3.1%
Debt
0.0
0.0
0.0
Operating lease liabilities
3,495
3,302
2,952
+5.9%
Other liabilities
1,064
1,054
1,010
+1.0%
Total liabilities and equity
6,928
6,653
5,983
+4.1%
Fixed assets
1,951
1,769
1,584
+10.3%
Goodwill
21.9
21.9
21.9
0.0%
Investments
903
535
446
+68.7%
Trading assets
n/a
19.3
15.3
Cash and equivalents
384
815
608
-52.9%
Receivables
107
99.6
104
+7.3%
Inventory
35.7
32.8
26.4
+8.7%
Other assets
3,525
3,359
3,176
+4.9%
Total assets
6,928
6,653
5,983
+4.1%
10-K for the year ended 31 December 2022, filed 9 February 2023: the filing.