Domino's Pizza (DPZ) FY2020 results: revenue $4.1 billion, up 13.8% on the year
Domino's Pizza, Inc. (DPZ) reported revenue of $4.1 billion for fiscal 2020, the year ended 3 January 2021, up 13.8% on the year before. Net income was $491 million, up 22.6%, and diluted earnings per share $12.39. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2021.
Revenue
$4.1 billion
+13.8% on the year
FY2013FY2020
Operating margin
17.6%
17.4% a year earlier
FY2013FY2020
Net income
$491 million
+22.6% on the year
FY2013FY2020
Diluted EPS
$12.39
+29.6% on the year
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
4,117
3,619
3,433
+13.8%
Cost of revenue
2,523
2,216
2,130
+13.8%
Gross profit
1,594
1,402
1,303
+13.7%
Gross margin
38.7%
38.8%
37.9%
Operating income
726
629
572
+15.3%
Operating margin
17.6%
17.4%
16.7%
Interest expense
172
151
146
+14.2%
Pre-tax income
555
483
429
+15.0%
Income tax
63.8
81.9
66.7
-22.1%
Effective tax rate
11.5%
17.0%
15.6%
Net income
491
401
362
+22.6%
Net margin
11.9%
11.1%
10.5%
Diluted EPS
$12.39
$9.56
$8.35
+29.6%
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
593
497
394
+19.3%
Capital expenditure
88.8
85.6
120
+3.7%
Free cash flow
504
411
274
+22.5%
Free cash flow margin
12.2%
11.4%
8.0%
Cash from investing
-129
-27.9
-88.3
Cash from financing
-446
-223
-323
Depreciation and amortisation
65.0
59.9
53.7
+8.5%
Share-based compensation
24.2
20.3
22.8
+19.6%
Buybacks
305
699
591
-56.4%
Dividends paid
122
106
92.2
+15.3%
Dividend per share
$3.12
$2.60
$2.20
+20.0%
Diluted shares, weighted
40m
42m
43m
-5.4%
Shares outstanding at period end
39m
39m
41m
-0.2%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
-3,300
-3,416
-3,040
Debt
4,116
4,114
3,532
+0.0%
Operating lease liabilities
202
203
0.0
-0.2%
Finance lease liabilities
57.7
18.3
16.4
+215.9%
Other liabilities
492
462
399
+6.3%
Total liabilities and equity
1,567
1,382
907
+13.4%
Fixed assets
297
243
235
+22.4%
Goodwill
15.1
15.1
14.9
-0.2%
Investments
13.3
12.0
8.7
+10.6%
Cash and equivalents
169
191
25.4
-11.4%
Receivables
245
210
190
+16.3%
Inventory
66.7
53.0
46.0
+25.9%
Other assets
761
658
387
+15.7%
Total assets
1,567
1,382
907
+13.4%
10-K for the year ended 3 January 2021, filed 25 February 2021: the filing.