Domino's Pizza (DPZ) FY2017 results: revenue $2.8 billion, up 12.8% on the year
Domino's Pizza, Inc. (DPZ) reported revenue of $2.8 billion for fiscal 2017, the year ended 31 December 2017, up 12.8% on the year before. Net income was $278 million, up 29.5%, and diluted earnings per share $5.83. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2018.
Revenue
$2.8 billion
+12.8% on the year
FY2010FY2017
Operating margin
18.7%
18.4% a year earlier
FY2010FY2017
Net income
$278 million
+29.5% on the year
FY2010FY2017
Diluted EPS
$5.83
+35.6% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
2,788
2,473
2,217
+12.8%
Cost of revenue
1,922
1,705
1,533
+12.7%
Gross profit
866
768
683
+12.8%
Gross margin
31.1%
31.0%
30.8%
Operating income
521
454
405
+14.8%
Operating margin
18.7%
18.4%
18.3%
Interest expense
123
110
99.5
+11.3%
Pre-tax income
400
345
306
+16.1%
Income tax
122
130
113
-5.9%
Effective tax rate
30.6%
37.7%
37.0%
Net income
278
215
193
+29.5%
Net margin
10.0%
8.7%
8.7%
Diluted EPS
$5.83
$4.30
$3.47
+35.6%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
341
292
292
+16.7%
Capital expenditure
90.0
58.6
63.3
+53.7%
Free cash flow
251
234
229
+7.4%
Free cash flow margin
9.0%
9.5%
10.3%
Cash from investing
-83.7
-55.3
n/a
Cash from financing
-197
-376
n/a
Depreciation and amortisation
44.4
38.1
32.4
+16.3%
Share-based compensation
20.7
18.6
17.6
+11.6%
Buybacks
1,064
300
739
+254.5%
Dividends paid
84.3
73.9
80.3
+14.0%
Dividend per share
$1.84
$1.52
$1.24
+21.1%
Diluted shares, weighted
48m
50m
56m
-4.5%
Shares outstanding at period end
43m
48m
50m
-10.8%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
-2,735
-1,883
-1,800
Debt
3,154
2,188
2,241
+44.1%
Other liabilities
418
412
359
+1.6%
Total liabilities and equity
837
716
800
+16.8%
Fixed assets
170
139
132
+22.4%
Goodwill
15.4
16.1
16.1
-4.0%
Investments
8.1
7.3
6.1
+11.8%
Cash and equivalents
35.8
42.8
133
-16.5%
Receivables
174
150
132
+15.5%
Inventory
40.0
40.2
36.9
-0.5%
Other assets
394
321
344
+22.8%
Total assets
837
716
800
+16.8%
10-K for the year ended 31 December 2017, filed 20 February 2018: the filing.