Papa John's International (PZZA) FY2015 results: revenue $1.6 billion, up 2.5% on the year
Papa John's International, Inc. (PZZA) reported revenue of $1.6 billion for fiscal 2015, the year ended 27 December 2015, up 2.5% on the year before. Net income was $76 million, up 3.2%, and diluted earnings per share $1.89. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2016.
Revenue
$1.6 billion
+2.5% on the year
FY2008FY2015
Operating margin
8.3%
7.4% a year earlier
FY2008FY2015
Net income
$76 million
+3.2% on the year
FY2008FY2015
Diluted EPS
$1.89
+8.0% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
1,637
1,598
1,439
+2.5%
Operating income
136
118
107
+15.9%
Operating margin
8.3%
7.4%
7.4%
Interest expense
5.7
4.1
1.0
+39.2%
Pre-tax income
119
114
106
+4.3%
Income tax
37.2
36.6
33.1
+1.7%
Effective tax rate
31.2%
32.0%
31.2%
Net income
75.7
73.3
69.5
+3.2%
Net margin
4.6%
4.6%
4.8%
Diluted EPS
$1.89
$1.75
$1.55
+8.0%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
170
123
101
+39.0%
Capital expenditure
39.0
48.7
50.8
-19.9%
Free cash flow
131
74.0
50.6
+77.7%
Free cash flow margin
8.0%
4.6%
3.5%
Cash from investing
-39.0
n/a
n/a
Cash from financing
-130
n/a
n/a
Depreciation and amortisation
40.3
40.0
35.1
+0.9%
Share-based compensation
9.4
8.7
7.4
+8.2%
Buybacks
120
117
119
+2.0%
Dividends paid
24.8
21.7
10.8
+14.3%
Dividend per share
$0.63
$0.53
$0.25
+18.9%
Diluted shares, weighted
40m
42m
44m
-4.1%
Shares outstanding at period end
38m
40m
42m
-3.5%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
29.2
86.2
138
-66.2%
Non-controlling interest
13.0
12.5
0.5
+4.4%
Redeemable equity
8.4
8.6
7.0
-2.2%
Debt
255
230
158
+10.7%
Other liabilities
189
167
161
+13.4%
Total liabilities and equity
495
505
464
-1.9%
Fixed assets
214
219
212
-2.5%
Goodwill
79.7
82.0
79.4
-2.9%
Cash and equivalents
21.0
20.1
13.7
+4.4%
Receivables
63.2
55.9
52.9
+12.9%
Inventory
21.6
27.4
23.0
-21.3%
Other assets
95.5
99.6
83.2
-4.2%
Total assets
495
505
464
-1.9%
10-K for the year ended 27 December 2015, filed 23 February 2016: the filing.