Papa John's International (PZZA) FY2016 results: revenue $1.7 billion, up 4.7% on the year
Papa John's International, Inc. (PZZA) reported revenue of $1.7 billion for fiscal 2016, the year ended 25 December 2016, up 4.7% on the year before. Net income was $103 million, up 35.9%, and diluted earnings per share $2.74. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2017.
Revenue
$1.7 billion
+4.7% on the year
FY2009FY2016
Operating margin
9.6%
8.3% a year earlier
FY2009FY2016
Net income
$103 million
+35.9% on the year
FY2009FY2016
Diluted EPS
$2.74
+45.0% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
1,714
1,637
1,598
+4.7%
Operating income
165
136
118
+20.7%
Operating margin
9.6%
8.3%
7.4%
Interest expense
7.4
5.7
4.1
+30.3%
Pre-tax income
159
119
114
+33.3%
Income tax
49.7
37.2
36.6
+33.7%
Effective tax rate
31.3%
31.2%
32.0%
Net income
103
75.7
73.3
+35.9%
Net margin
6.0%
4.6%
4.6%
Diluted EPS
$2.74
$1.89
$1.75
+45.0%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
150
170
123
-11.9%
Capital expenditure
55.6
39.0
48.7
+42.5%
Free cash flow
94.7
131
74.0
-28.0%
Free cash flow margin
5.5%
8.0%
4.6%
Cash from investing
-46.3
-39.0
n/a
Cash from financing
-109
-130
n/a
Depreciation and amortisation
41.0
40.3
40.0
+1.7%
Share-based compensation
10.1
9.4
8.7
+7.4%
Buybacks
122
120
117
+2.2%
Dividends paid
27.9
24.8
21.7
+12.3%
Dividend per share
$0.75
$0.63
$0.53
+19.0%
Diluted shares, weighted
38m
40m
42m
-6.0%
Shares outstanding at period end
37m
38m
40m
-4.4%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
-3.9
29.2
86.2
Non-controlling interest
13.7
13.0
12.5
+5.3%
Redeemable equity
8.5
8.4
8.6
+1.2%
Debt
300
255
230
+17.5%
Other liabilities
194
189
167
+2.8%
Total liabilities and equity
513
495
505
+3.6%
Fixed assets
230
214
219
+7.7%
Goodwill
85.5
79.7
82.0
+7.4%
Cash and equivalents
15.6
21.0
20.1
-25.9%
Receivables
59.6
63.2
55.9
-5.7%
Inventory
25.1
21.6
27.4
+16.5%
Other assets
96.3
95.5
99.6
+0.8%
Total assets
513
495
505
+3.6%
10-K for the year ended 25 December 2016, filed 21 February 2017: the filing.