Papa John's International (PZZA) FY2021 results: revenue $2.1 billion, up 14.1% on the year
Papa John's International, Inc. (PZZA) reported revenue of $2.1 billion for fiscal 2021, the year ended 26 December 2021, up 14.1% on the year before. Net income was $120 million, up 107.2%, and diluted earnings per share $0.12. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2022.
Revenue
$2.1 billion
+14.1% on the year
FY2014FY2021
Operating margin
8.1%
5.0% a year earlier
FY2014FY2021
Net income
$120 million
+107.2% on the year
FY2014FY2021
Diluted EPS
$0.12
-90.6% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
185
186
61.7
-0.9%
Capital expenditure
68.6
35.7
37.7
+92.3%
Free cash flow
116
151
24.0
-23.0%
Free cash flow margin
5.6%
8.3%
1.5%
Cash from investing
-63.5
-41.1
-32.6
Cash from financing
-181
-43.5
-34.6
Depreciation and amortisation
48.8
49.7
47.3
-1.8%
Share-based compensation
16.9
16.3
15.3
+3.7%
Buybacks
72.5
2.7
n/a
+2,584.2%
Dividends paid
40.4
29.4
28.6
+37.4%
Dividend per share
$1.15
$0.90
$0.90
+27.8%
Diluted shares, weighted
35m
33m
32m
+8.0%
Shares outstanding at period end
36m
32m
32m
+10.2%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
-188
-282
-332
Non-controlling interest
15.2
15.2
15.7
-0.2%
Redeemable equity
5.5
252
251
-97.8%
Debt
481
348
367
+38.0%
Operating lease liabilities
161
125
125
+28.9%
Finance lease liabilities
16.6
13.5
7.6
+22.5%
Other liabilities
395
401
296
-1.7%
Total liabilities and equity
886
873
731
+1.5%
Fixed assets
224
201
212
+11.4%
Goodwill
80.6
80.8
80.3
-0.2%
Cash and equivalents
70.6
130
27.9
-45.8%
Receivables
81.4
90.1
70.5
-9.7%
Inventory
35.0
30.3
27.5
+15.6%
Other assets
394
340
313
+15.8%
Total assets
886
873
731
+1.5%
10-K for the year ended 26 December 2021, filed 24 February 2022: the filing.