Papa John's International (PZZA) FY2011 results: revenue $1.2 billion, up 8.1% on the year
Papa John's International, Inc. (PZZA) reported revenue of $1.2 billion for fiscal 2011, the year ended 25 December 2011, up 8.1% on the year before. Net income was $55 million, up 5.4%, and diluted earnings per share $1.08. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2012.
Revenue
$1.2 billion
+8.1% on the year
FY2007FY2011
Operating margin
7.1%
7.7% a year earlier
FY2007FY2011
Net income
$55 million
+5.4% on the year
FY2007FY2011
Diluted EPS
$1.08
+10.2% on the year
FY2007FY2011
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Revenue
1,218
1,126
1,079
+8.1%
Operating income
87.0
86.7
95.3
+0.3%
Operating margin
7.1%
7.7%
8.8%
Interest expense
3.0
5.3
5.7
-44.2%
Pre-tax income
84.8
82.3
90.2
+3.1%
Income tax
26.3
26.9
29.0
-2.0%
Effective tax rate
31.0%
32.6%
32.1%
Net income
54.7
51.9
57.5
+5.4%
Net margin
4.5%
4.6%
5.3%
Diluted EPS
$1.08
$0.98
$1.03
+10.2%
$ 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
FY2011
FY2010
FY2009
On the year
Last 8 years
Operating cash flow
101
92.6
104
+9.1%
Capital expenditure
29.3
31.1
33.5
-5.8%
Free cash flow
71.7
61.5
70.3
+16.7%
Free cash flow margin
5.9%
5.5%
6.5%
Cash from investing
-27.5
-28.7
-36.4
Cash from financing
-103
-43.2
-53.1
Depreciation and amortisation
32.7
32.4
31.4
+0.8%
Share-based compensation
6.7
6.1
5.8
+10.5%
Buybacks
65.3
46.9
28.5
+39.2%
Diluted shares, weighted
51m
53m
56m
-4.4%
Balance sheet
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Shareholders' equity
210
199
177
+5.5%
Non-controlling interest
8.6
8.5
8.2
+0.7%
Debt
51.5
99.0
n/a
-48.0%
Other liabilities
121
110
209
+10.0%
Total liabilities and equity
390
416
394
-6.1%
Fixed assets
182
185
188
-1.9%
Goodwill
75.1
74.7
75.1
+0.5%
Investments
1.7
1.6
1.4
+6.2%
Cash and equivalents
18.9
47.8
25.5
-60.4%
Receivables
27.5
24.7
21.5
+11.1%
Inventory
20.1
17.4
15.6
+15.5%
Other assets
65.2
64.3
66.8
+1.3%
Total assets
390
416
394
-6.1%
10-K for the year ended 25 December 2011, filed 21 February 2012: the filing.