Papa John's International (PZZA) FY2014 results: revenue $1.6 billion, up 11.1% on the year
Papa John's International, Inc. (PZZA) reported revenue of $1.6 billion for fiscal 2014, the year ended 28 December 2014, up 11.1% on the year before. Net income was $73 million, up 5.4%, and diluted earnings per share $1.75. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2015.
Revenue
$1.6 billion
+11.1% on the year
FY2007FY2014
Operating margin
7.4%
7.4% a year earlier
FY2007FY2014
Net income
$73 million
+5.4% on the year
FY2007FY2014
Diluted EPS
$1.75
+12.9% on the year
FY2007FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
1,598
1,439
1,343
+11.1%
Operating income
118
107
99.8
+10.4%
Operating margin
7.4%
7.4%
7.4%
Interest expense
4.1
1.0
2.2
+314.8%
Pre-tax income
114
106
98.4
+7.7%
Income tax
36.6
33.1
32.4
+10.3%
Effective tax rate
32.0%
31.2%
32.9%
Net income
73.3
69.5
61.7
+5.4%
Net margin
4.6%
4.8%
4.6%
Diluted EPS
$1.75
$1.55
$1.29
+12.9%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
123
101
104
+21.0%
Capital expenditure
48.7
50.8
42.6
-4.1%
Free cash flow
74.0
50.6
61.8
+46.2%
Free cash flow margin
4.6%
3.5%
4.6%
Depreciation and amortisation
40.0
35.1
32.8
+13.8%
Share-based compensation
8.7
7.4
6.9
+17.6%
Buybacks
117
119
106
-1.0%
Dividends paid
21.7
10.8
n/a
+101.3%
Dividend per share
$0.53
$0.25
n/a
+112.0%
Diluted shares, weighted
42m
44m
48m
-5.7%
Shares outstanding at period end
40m
42m
89m
-4.6%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
86.2
138
182
-37.4%
Non-controlling interest
12.5
0.5
6.4
+2,347.5%
Redeemable equity
8.6
7.0
6.4
+21.8%
Debt
230
158
88.3
+45.9%
Other liabilities
167
161
156
+3.5%
Total liabilities and equity
505
464
438
+8.7%
Fixed assets
219
212
197
+3.5%
Goodwill
82.0
79.4
79.0
+3.3%
Cash and equivalents
20.1
13.7
16.4
+47.2%
Receivables
55.9
52.9
43.6
+5.7%
Inventory
27.4
23.0
22.2
+18.9%
Other assets
99.6
83.2
80.6
+19.8%
Total assets
505
464
438
+8.7%
10-K for the year ended 28 December 2014, filed 24 February 2015: the filing.