Shake Shack (SHAK) FY2019 results: revenue $595 million, up 29.4% on the year
Shake Shack Inc. (SHAK) reported revenue of $595 million for fiscal 2019, the year ended 25 December 2019, up 29.4% on the year before. Net income was $20 million, up 30.6%, and diluted earnings per share $0.61. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2020.
Revenue
$595 million
+29.4% on the year
FY2013FY2019
Operating margin
4.3%
6.9% a year earlier
FY2013FY2019
Net income
$20 million
+30.6% on the year
FY2013FY2019
Diluted EPS
$0.61
+17.3% on the year
FY2013FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
595
459
359
+29.4%
Operating income
25.7
31.7
33.8
-19.0%
Operating margin
4.3%
6.9%
9.4%
Interest expense
0.4
2.4
1.6
-82.0%
Pre-tax income
27.5
30.8
160
-10.7%
Income tax
3.4
8.9
151
-61.8%
Effective tax rate
12.3%
28.8%
94.5%
Net income
19.8
15.2
-0.3
+30.6%
Net margin
3.3%
3.3%
-0.1%
Diluted EPS
$0.61
$0.52
-$0.01
+17.3%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
89.9
85.4
70.9
+5.2%
Capital expenditure
107
87.5
61.5
+21.7%
Free cash flow
-16.6
-2.1
9.3
Free cash flow margin
-2.8%
-0.5%
2.6%
Cash from investing
-80.7
-86.6
-61.9
Cash from financing
3.2
4.5
1.0
-28.6%
Depreciation and amortisation
40.4
n/a
n/a
Share-based compensation
7.5
6.1
5.6
+22.2%
Diluted shares, weighted
32m
29m
26m
+10.5%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
299
226
169
+32.2%
Non-controlling interest
23.2
47.4
55.0
-51.1%
Debt
0.0
n/a
n/a
Operating lease liabilities
305
0.0
n/a
Finance lease liabilities
3.6
0.0
n/a
Other liabilities
338
337
246
+0.2%
Total liabilities and equity
968
611
471
+58.6%
Fixed assets
315
262
187
+20.2%
Investments
36.5
62.1
63.0
-41.2%
Cash and equivalents
37.1
24.8
21.5
+49.9%
Receivables
10.0
10.5
5.6
-5.3%
Inventory
2.2
1.7
1.3
+27.0%
Other assets
568
250
192
+127.5%
Total assets
968
611
471
+58.6%
10-K for the year ended 25 December 2019, filed 24 February 2020: the filing.