Shake Shack (SHAK) FY2018 results: revenue $459 million, up 28.0% on the year
Shake Shack Inc. (SHAK) reported revenue of $459 million for fiscal 2018, the year ended 26 December 2018, up 28.0% on the year before. Net income was $15 million, and diluted earnings per share $0.52. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2019.
Revenue
$459 million
+28.0% on the year
FY2013FY2018
Operating margin
6.9%
9.4% a year earlier
FY2013FY2018
Net income
$15 million
FY2013FY2018
Diluted EPS
$0.52
FY2013FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
459
359
268
+28.0%
Operating income
31.7
33.8
27.8
-6.2%
Operating margin
6.9%
9.4%
10.4%
Interest expense
2.4
1.6
0.4
+47.0%
Pre-tax income
30.8
160
28.5
-80.8%
Income tax
8.9
151
6.3
-94.1%
Effective tax rate
28.8%
94.5%
22.3%
Net income
15.2
-0.3
12.4
Net margin
3.3%
-0.1%
4.6%
Diluted EPS
$0.52
-$0.01
$0.53
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
85.4
70.9
54.3
+20.5%
Capital expenditure
87.5
61.5
54.4
+42.2%
Free cash flow
-2.1
9.3
-0.1
Free cash flow margin
-0.5%
2.6%
-0.1%
Cash from investing
-86.6
-61.9
-115
Cash from financing
4.5
1.0
1.2
+361.3%
Share-based compensation
6.1
5.6
5.4
+9.2%
Diluted shares, weighted
29m
26m
23m
+12.8%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
226
169
152
+33.4%
Non-controlling interest
47.4
55.0
49.2
-13.8%
Debt
n/a
n/a
0.0
Operating lease liabilities
0.0
n/a
n/a
Finance lease liabilities
0.0
n/a
n/a
Other liabilities
337
246
337
+37.0%
Total liabilities and equity
611
471
538
+29.7%
Fixed assets
262
187
136
+40.0%
Investments
62.1
63.0
62.0
-1.5%
Cash and equivalents
24.8
21.5
11.6
+15.1%
Receivables
10.5
5.6
6.0
+86.5%
Inventory
1.7
1.3
0.8
+39.0%
Other assets
250
192
321
+29.9%
Total assets
611
471
538
+29.7%
10-K for the year ended 26 December 2018, filed 25 February 2019: the filing.