Papa John's International (PZZA) FY2013 results: revenue $1.4 billion, up 7.2% on the year
Papa John's International, Inc. (PZZA) reported revenue of $1.4 billion for fiscal 2013, the year ended 29 December 2013, up 7.2% on the year before. Net income was $70 million, up 12.8%, and diluted earnings per share $1.55. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2014.
Revenue
$1.4 billion
+7.2% on the year
FY2007FY2013
Operating margin
7.4%
7.4% a year earlier
FY2007FY2013
Net income
$70 million
+12.8% on the year
FY2007FY2013
Diluted EPS
$1.55
+20.2% on the year
FY2007FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
1,439
1,343
1,218
+7.2%
Operating income
107
99.8
87.0
+6.7%
Operating margin
7.4%
7.4%
7.1%
Interest expense
1.0
2.2
3.0
-54.5%
Pre-tax income
106
98.4
84.8
+7.8%
Income tax
33.1
32.4
26.3
+2.3%
Effective tax rate
31.2%
32.9%
31.0%
Net income
69.5
61.7
54.7
+12.8%
Net margin
4.8%
4.6%
4.5%
Diluted EPS
$1.55
$1.29
$1.08
+20.2%
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
101
104
101
-2.9%
Capital expenditure
50.8
42.6
29.3
+19.1%
Free cash flow
50.6
61.8
71.7
-18.0%
Free cash flow margin
3.5%
4.6%
5.9%
Cash from investing
n/a
n/a
-27.5
Cash from financing
n/a
n/a
-103
Depreciation and amortisation
35.1
32.8
32.7
+7.0%
Share-based compensation
7.4
6.9
6.7
+7.3%
Buybacks
119
106
65.3
+11.8%
Dividends paid
10.8
n/a
n/a
Dividend per share
$0.25
n/a
n/a
Diluted shares, weighted
44m
48m
51m
-7.5%
Shares outstanding at period end
42m
89m
n/a
-53.1%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
138
182
210
-24.2%
Non-controlling interest
0.5
6.4
8.6
-92.0%
Redeemable equity
7.0
6.4
n/a
+10.1%
Debt
158
88.3
51.5
+78.9%
Other liabilities
161
156
121
+3.4%
Total liabilities and equity
464
438
390
+5.9%
Fixed assets
212
197
182
+7.8%
Goodwill
79.4
79.0
75.1
+0.5%
Investments
n/a
n/a
1.7
Cash and equivalents
13.7
16.4
18.9
-16.6%
Receivables
52.9
43.6
27.5
+21.4%
Inventory
23.0
22.2
20.1
+3.9%
Other assets
83.2
80.6
65.2
+3.2%
Total assets
464
438
390
+5.9%
10-K for the year ended 29 December 2013, filed 25 February 2014: the filing.