Shake Shack (SHAK) FY2017 results: revenue $359 million, up 33.6% on the year
Shake Shack Inc. (SHAK) reported revenue of $359 million for fiscal 2017, the year ended 27 December 2017, up 33.6% on the year before. Net income was -$320,000, and diluted earnings per share $-0.01. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2019.
Revenue
$359 million
+33.6% on the year
FY2013FY2017
Operating margin
9.4%
10.4% a year earlier
FY2013FY2017
Net income
-$320,000
FY2013FY2017
Diluted EPS
-$0.01
FY2013FY2017
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
359
268
191
+33.6%
Operating income
33.8
27.8
6.8
+21.6%
Operating margin
9.4%
10.4%
3.5%
Interest expense
1.6
0.4
0.3
+339.3%
Pre-tax income
160
28.5
6.4
+462.5%
Income tax
151
6.3
3.3
+2,284.4%
Effective tax rate
94.5%
22.3%
51.4%
Net income
-0.3
12.4
-8.8
Net margin
-0.1%
4.6%
-4.6%
Diluted EPS
-$0.01
$0.53
-$0.65
$ 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
70.9
54.3
41.3
+30.6%
Capital expenditure
61.5
54.4
32.1
+13.0%
Free cash flow
9.3
-0.1
9.1
Free cash flow margin
2.6%
-0.1%
4.8%
Cash from investing
-61.9
-115
-34.5
Cash from financing
1.0
1.2
61.4
-21.8%
Share-based compensation
5.6
5.4
16.7
+5.0%
Diluted shares, weighted
26m
23m
14m
+10.4%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
169
152
101
+11.4%
Non-controlling interest
55.0
49.2
56.4
+11.8%
Short-term borrowings
n/a
n/a
0.0
Debt
n/a
0.0
0.3
Other liabilities
246
337
222
-26.9%
Total liabilities and equity
471
538
380
-12.6%
Fixed assets
187
136
93.0
+37.3%
Investments
63.0
62.0
0.3
+1.6%
Cash and equivalents
21.5
11.6
70.8
+85.3%
Receivables
5.6
6.0
4.2
-6.1%
Inventory
1.3
0.8
0.5
+56.1%
Other assets
192
321
211
-40.3%
Total assets
471
538
380
-12.6%
10-K for the year ended 27 December 2017, filed 25 February 2019: the filing.