Domino's Pizza (DPZ) FY2019 results: revenue $3.6 billion, up 5.4% on the year
Domino's Pizza, Inc. (DPZ) reported revenue of $3.6 billion for fiscal 2019, the year ended 29 December 2019, up 5.4% on the year before. Net income was $401 million, up 10.7%, and diluted earnings per share $9.56. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2020.
Revenue
$3.6 billion
+5.4% on the year
FY2012FY2019
Operating margin
17.4%
16.7% a year earlier
FY2012FY2019
Net income
$401 million
+10.7% on the year
FY2012FY2019
Diluted EPS
$9.56
+14.5% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
3,619
3,433
2,788
+5.4%
Cost of revenue
2,216
2,130
1,922
+4.0%
Gross profit
1,402
1,303
866
+7.7%
Gross margin
38.8%
37.9%
31.1%
Operating income
629
572
521
+10.1%
Operating margin
17.4%
16.7%
18.7%
Interest expense
151
146
123
+3.1%
Pre-tax income
483
429
400
+12.6%
Income tax
81.9
66.7
122
+22.8%
Effective tax rate
17.0%
15.6%
30.6%
Net income
401
362
278
+10.7%
Net margin
11.1%
10.5%
10.0%
Diluted EPS
$9.56
$8.35
$5.83
+14.5%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
497
394
341
+26.1%
Capital expenditure
85.6
120
90.0
-28.6%
Free cash flow
411
274
251
+50.0%
Free cash flow margin
11.4%
8.0%
9.0%
Cash from investing
-27.9
-88.3
-83.7
Cash from financing
-223
-323
-197
Depreciation and amortisation
59.9
53.7
44.4
+11.7%
Share-based compensation
20.3
22.8
20.7
-11.1%
Buybacks
699
591
1,064
+18.2%
Dividends paid
106
92.2
84.3
+14.7%
Dividend per share
$2.60
$2.20
$1.84
+18.2%
Diluted shares, weighted
42m
43m
48m
-3.2%
Shares outstanding at period end
39m
41m
43m
-5.0%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
-3,416
-3,040
-2,735
Debt
4,114
3,532
3,154
+16.5%
Operating lease liabilities
203
0.0
n/a
Finance lease liabilities
18.3
16.4
n/a
+11.6%
Other liabilities
462
399
418
+15.8%
Total liabilities and equity
1,382
907
837
+52.3%
Fixed assets
243
235
170
+3.4%
Goodwill
15.1
14.9
15.4
+1.2%
Investments
12.0
8.7
8.1
+37.4%
Cash and equivalents
191
25.4
35.8
+649.3%
Receivables
210
190
174
+10.6%
Inventory
53.0
46.0
40.0
+15.2%
Other assets
658
387
394
+70.0%
Total assets
1,382
907
837
+52.3%
10-K for the year ended 29 December 2019, filed 20 February 2020: the filing.