Papa John's International (PZZA) FY2020 results: revenue $1.8 billion, up 12.0% on the year
Papa John's International, Inc. (PZZA) reported revenue of $1.8 billion for fiscal 2020, the year ended 27 December 2020, up 12.0% on the year before. Net income was $58 million, up 1090.5%, and diluted earnings per share $1.28. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2021.
Revenue
$1.8 billion
+12.0% on the year
FY2013FY2020
Operating margin
5.0%
1.5% a year earlier
FY2013FY2020
Net income
$58 million
+1,090.5% on the year
FY2013FY2020
Diluted EPS
$1.28
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
1,813
1,619
1,663
+12.0%
Operating income
90.3
24.5
31.6
+267.9%
Operating margin
5.0%
1.5%
1.9%
Interest expense
17.0
20.6
25.7
-17.3%
Pre-tax income
n/a
5.0
6.7
Income tax
14.7
-0.6
2.6
Effective tax rate
n/a
-12.1%
39.2%
Net income
57.9
4.9
2.5
+1,090.5%
Net margin
3.2%
0.3%
0.1%
Diluted EPS
$1.28
-$0.24
$0.08
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
186
61.7
92.5
+201.9%
Capital expenditure
35.7
37.7
42.0
-5.5%
Free cash flow
151
24.0
50.4
+527.3%
Free cash flow margin
8.3%
1.5%
3.0%
Cash from investing
-41.1
-32.6
-38.8
Cash from financing
-43.5
-34.6
-48.1
Depreciation and amortisation
49.7
47.3
46.4
+5.1%
Share-based compensation
16.3
15.3
9.9
+6.6%
Buybacks
2.7
n/a
158
Dividends paid
29.4
28.6
29.0
+2.8%
Dividend per share
$0.90
$0.90
$0.90
0.0%
Diluted shares, weighted
33m
32m
32m
+3.4%
Shares outstanding at period end
32m
32m
31m
+1.9%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
-282
-332
-319
Non-controlling interest
15.2
15.7
15.2
-2.7%
Redeemable equity
252
251
5.5
+0.3%
Debt
348
367
621
-5.2%
Operating lease liabilities
125
125
n/a
-0.5%
Finance lease liabilities
13.5
7.6
n/a
+77.4%
Other liabilities
401
296
273
+35.6%
Total liabilities and equity
873
731
596
+19.4%
Fixed assets
201
212
227
-5.1%
Goodwill
80.8
80.3
84.5
+0.6%
Cash and equivalents
130
27.9
33.3
+366.5%
Receivables
90.1
70.5
78.1
+27.9%
Inventory
30.3
27.5
27.2
+9.9%
Other assets
340
313
146
+8.9%
Total assets
873
731
596
+19.4%
10-K for the year ended 27 December 2020, filed 25 February 2021: the filing.