Papa John's International (PZZA) FY2012 results: revenue $1.3 billion, up 10.2% on the year
Papa John's International, Inc. (PZZA) reported revenue of $1.3 billion for fiscal 2012, the year ended 30 December 2012, up 10.2% on the year before. Net income was $62 million, up 12.7%, and diluted earnings per share $1.29. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2013.
Revenue
$1.3 billion
+10.2% on the year
FY2007FY2012
Operating margin
7.4%
7.1% a year earlier
FY2007FY2012
Net income
$62 million
+12.7% on the year
FY2007FY2012
Diluted EPS
$1.29
+19.4% on the year
FY2007FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
1,343
1,218
1,126
+10.2%
Operating income
99.8
87.0
86.7
+14.7%
Operating margin
7.4%
7.1%
7.7%
Interest expense
2.2
3.0
5.3
-27.5%
Pre-tax income
98.4
84.8
82.3
+16.0%
Income tax
32.4
26.3
26.9
+23.1%
Effective tax rate
32.9%
31.0%
32.6%
Net income
61.7
54.7
51.9
+12.7%
Net margin
4.6%
4.5%
4.6%
Diluted EPS
$1.29
$1.08
$0.98
+19.4%
$ 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
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
104
101
92.6
+3.3%
Capital expenditure
42.6
29.3
31.1
+45.4%
Free cash flow
61.8
71.7
61.5
-13.9%
Free cash flow margin
4.6%
5.9%
5.5%
Cash from investing
n/a
-27.5
-28.7
Cash from financing
n/a
-103
-43.2
Depreciation and amortisation
32.8
32.7
32.4
+0.4%
Share-based compensation
6.9
6.7
6.1
+3.0%
Buybacks
106
65.3
46.9
+62.4%
Diluted shares, weighted
48m
51m
53m
-5.6%
Shares outstanding at period end
89m
n/a
n/a
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
182
210
199
-13.4%
Non-controlling interest
6.4
8.6
8.5
-25.3%
Redeemable equity
6.4
n/a
n/a
Debt
88.3
51.5
99.0
+71.4%
Other liabilities
156
121
110
+29.2%
Total liabilities and equity
438
390
416
+12.3%
Fixed assets
197
182
185
+8.1%
Goodwill
79.0
75.1
74.7
+5.2%
Investments
n/a
1.7
1.6
Cash and equivalents
16.4
18.9
47.8
-13.4%
Receivables
43.6
27.5
24.7
+58.6%
Inventory
22.2
20.1
17.4
+10.4%
Other assets
80.6
65.2
64.3
+23.7%
Total assets
438
390
416
+12.3%
10-K for the year ended 30 December 2012, filed 28 February 2013: the filing.