Domino's Pizza (DPZ) FY2013 results: revenue $1.8 billion, up 7.4% on the year
Domino's Pizza, Inc. (DPZ) reported revenue of $1.8 billion for fiscal 2013, the year ended 29 December 2013, up 7.4% on the year before. Net income was $143 million, up 27.2%, and diluted earnings per share $2.48. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2014.
Revenue
$1.8 billion
+7.4% on the year
FY2009FY2013
Operating margin
17.4%
16.8% a year earlier
FY2009FY2013
Net income
$143 million
+27.2% on the year
FY2009FY2013
Diluted EPS
$2.48
+29.8% on the year
FY2009FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
1,802
1,678
1,652
+7.4%
Cost of revenue
1,253
1,177
1,182
+6.5%
Gross profit
549
501
471
+9.5%
Gross margin
30.5%
29.9%
28.5%
Operating income
314
282
259
+11.2%
Operating margin
17.4%
16.8%
15.7%
Interest expense
88.9
101
91.6
-12.4%
Pre-tax income
225
181
168
+24.2%
Income tax
82.1
68.8
62.4
+19.4%
Effective tax rate
36.5%
38.0%
37.2%
Net income
143
112
105
+27.2%
Net margin
7.9%
6.7%
6.4%
Diluted EPS
$2.48
$1.91
$1.71
+29.8%
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
194
176
153
+10.0%
Capital expenditure
40.4
29.3
24.3
+38.0%
Free cash flow
154
147
129
+4.5%
Free cash flow margin
8.5%
8.8%
7.8%
Cash from investing
-99.7
7.3
-26.9
Cash from financing
-135
-177
-123
Depreciation and amortisation
25.8
23.2
24.0
+11.3%
Share-based compensation
22.0
17.6
14.0
+24.8%
Buybacks
97.1
88.2
165
+10.1%
Dividends paid
34.2
n/a
n/a
Dividend per share
$0.80
$3.00
n/a
-73.3%
Diluted shares, weighted
58m
59m
62m
-2.2%
Shares outstanding at period end
56m
56m
58m
-1.0%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
-1,290
-1,336
-1,210
Debt
1,536
1,561
1,451
-1.6%
Other liabilities
279
253
239
+10.3%
Total liabilities and equity
525
478
481
+9.8%
Fixed assets
97.6
91.4
92.4
+6.7%
Goodwill
16.6
16.6
16.6
0.0%
Intangible assets
0.1
0.4
0.7
-75.0%
Investments
3.3
2.1
1.5
+55.9%
Trading assets
n/a
2.1
1.5
Cash and equivalents
14.4
54.8
50.3
-73.8%
Receivables
106
94.1
87.2
+12.4%
Inventory
30.3
31.1
30.7
-2.4%
Other assets
257
186
200
+38.6%
Total assets
525
478
481
+9.8%
10-K for the year ended 29 December 2013, filed 25 February 2014: the filing.