Domino's Pizza (DPZ) FY2014 results: revenue $2.0 billion, up 10.6% on the year
Domino's Pizza, Inc. (DPZ) reported revenue of $2.0 billion for fiscal 2014, the year ended 28 December 2014, up 10.6% on the year before. Net income was $163 million, up 13.7%, and diluted earnings per share $2.86. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2015.
Revenue
$2.0 billion
+10.6% on the year
FY2009FY2014
Operating margin
17.3%
17.4% a year earlier
FY2009FY2014
Net income
$163 million
+13.7% on the year
FY2009FY2014
Diluted EPS
$2.86
+15.3% on the year
FY2009FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
1,994
1,802
1,678
+10.6%
Cost of revenue
1,399
1,253
1,177
+11.6%
Gross profit
595
549
501
+8.3%
Gross margin
29.8%
30.5%
29.9%
Operating income
345
314
282
+10.1%
Operating margin
17.3%
17.4%
16.8%
Interest expense
86.9
88.9
101
-2.2%
Pre-tax income
259
225
181
+14.9%
Income tax
96.0
82.1
68.8
+17.0%
Effective tax rate
37.1%
36.5%
38.0%
Net income
163
143
112
+13.7%
Net margin
8.2%
7.9%
6.7%
Diluted EPS
$2.86
$2.48
$1.91
+15.3%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
192
194
176
-0.9%
Capital expenditure
70.1
40.4
29.3
+73.6%
Free cash flow
122
154
147
-20.4%
Free cash flow margin
6.1%
8.5%
8.8%
Cash from investing
n/a
-99.7
7.3
Cash from financing
n/a
-135
-177
Depreciation and amortisation
35.8
25.8
23.2
+38.8%
Share-based compensation
17.6
22.0
17.6
-20.0%
Buybacks
82.4
97.1
88.2
-15.2%
Dividends paid
52.8
34.2
n/a
+54.5%
Dividend per share
$1.00
$0.80
$3.00
+25.0%
Diluted shares, weighted
57m
58m
59m
-1.4%
Shares outstanding at period end
56m
56m
56m
-0.4%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
-1,219
-1,290
-1,336
Debt
1,501
1,536
1,561
-2.3%
Other liabilities
315
279
253
+13.0%
Total liabilities and equity
596
525
478
+13.5%
Fixed assets
114
97.6
91.4
+16.9%
Goodwill
16.3
16.6
16.6
-1.8%
Intangible assets
n/a
0.1
0.4
Investments
4.6
3.3
2.1
+40.3%
Trading assets
n/a
n/a
2.1
Cash and equivalents
30.9
14.4
54.8
+114.5%
Receivables
118
106
94.1
+11.9%
Inventory
37.9
30.3
31.1
+25.1%
Other assets
274
257
186
+6.6%
Total assets
596
525
478
+13.5%
10-K for the year ended 28 December 2014, filed 24 February 2015: the filing.