Papa John's International (PZZA) FY2022 results: revenue $2.1 billion, up 1.6% on the year
Papa John's International, Inc. (PZZA) reported revenue of $2.1 billion for fiscal 2022, the year ended 25 December 2022, up 1.6% on the year before. Net income was $68 million, down 43.5%, 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 2023.
Revenue
$2.1 billion
+1.6% on the year
FY2015FY2022
Operating margin
5.2%
8.1% a year earlier
FY2015FY2022
Net income
$68 million
-43.5% on the year
FY2015FY2022
Diluted EPS
$1.89
+1,475.0% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
118
185
186
-36.2%
Capital expenditure
78.4
68.6
35.7
+14.3%
Free cash flow
39.4
116
151
-66.1%
Free cash flow margin
1.9%
5.6%
8.3%
Cash from investing
-62.8
-63.5
-41.1
Cash from financing
-76.2
-181
-43.5
Depreciation and amortisation
52.0
48.8
49.7
+6.6%
Share-based compensation
18.4
16.9
16.3
+8.7%
Buybacks
125
72.5
2.7
+72.4%
Dividends paid
54.8
40.4
29.4
+35.7%
Dividend per share
$1.54
$1.15
$0.90
+33.9%
Diluted shares, weighted
36m
35m
33m
+1.1%
Shares outstanding at period end
35m
36m
32m
-3.1%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
-286
-188
-282
Non-controlling interest
15.7
15.2
15.2
+3.4%
Redeemable equity
1.2
5.5
252
-77.9%
Debt
597
481
348
+24.2%
Operating lease liabilities
161
161
125
+0.1%
Finance lease liabilities
19.0
16.6
13.5
+14.7%
Other liabilities
357
395
401
-9.6%
Total liabilities and equity
864
886
873
-2.4%
Fixed assets
250
224
201
+11.6%
Goodwill
70.6
80.6
80.8
-12.4%
Cash and equivalents
47.4
70.6
130
-32.9%
Receivables
103
81.4
90.1
+26.0%
Inventory
41.4
35.0
30.3
+18.3%
Other assets
353
394
340
-10.6%
Total assets
864
886
873
-2.4%
10-K for the year ended 25 December 2022, filed 23 February 2023: the filing.