Papa John's International (PZZA) FY2017 results: revenue $1.8 billion, up 4.1% on the year
Papa John's International, Inc. (PZZA) reported revenue of $1.8 billion for fiscal 2017, the year ended 31 December 2017, up 4.1% on the year before. Net income was $102 million, down 0.5%, and diluted earnings per share $2.83. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2018.
Revenue
$1.8 billion
+4.1% on the year
FY2010FY2017
Operating margin
8.5%
9.6% a year earlier
FY2010FY2017
Net income
$102 million
-0.5% on the year
FY2010FY2017
Diluted EPS
$2.83
+3.3% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
1,783
1,714
1,637
+4.1%
Operating income
151
165
136
-8.2%
Operating margin
8.5%
9.6%
8.3%
Interest expense
11.3
7.4
5.7
+52.5%
Pre-tax income
140
159
119
-11.6%
Income tax
33.8
49.7
37.2
-32.0%
Effective tax rate
24.1%
31.3%
31.2%
Net income
102
103
75.7
-0.5%
Net margin
5.7%
6.0%
4.6%
Diluted EPS
$2.83
$2.74
$1.89
+3.3%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
135
150
170
-10.2%
Capital expenditure
52.6
55.6
39.0
-5.3%
Free cash flow
82.4
94.7
131
-13.0%
Free cash flow margin
4.6%
5.5%
8.0%
Cash from investing
-56.5
-46.3
-39.0
Cash from financing
-72.1
-109
-130
Depreciation and amortisation
43.7
41.0
40.3
+6.5%
Share-based compensation
10.4
10.1
9.4
+2.9%
Buybacks
210
122
120
+71.3%
Dividends paid
30.7
27.9
24.8
+10.1%
Dividend per share
$0.85
$0.75
$0.63
+13.3%
Diluted shares, weighted
37m
38m
40m
-2.9%
Shares outstanding at period end
34m
37m
38m
-7.6%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
-122
-3.9
29.2
Non-controlling interest
15.8
13.7
13.0
+14.9%
Redeemable equity
6.7
8.5
8.4
-20.4%
Debt
467
300
255
+55.6%
Other liabilities
188
194
189
-3.2%
Total liabilities and equity
556
513
495
+8.4%
Fixed assets
234
230
214
+1.7%
Goodwill
86.9
85.5
79.7
+1.6%
Cash and equivalents
22.3
15.6
21.0
+43.6%
Receivables
64.6
59.6
63.2
+8.3%
Inventory
30.6
25.1
21.6
+21.8%
Other assets
117
96.3
95.5
+21.3%
Total assets
556
513
495
+8.4%
10-K for the year ended 31 December 2017, filed 27 February 2018: the filing.