Shake Shack (SHAK) FY2020 results: revenue $523 million, down 12.1% on the year
Shake Shack Inc. (SHAK) reported revenue of $523 million for fiscal 2020, the year ended 30 December 2020, down 12.1% on the year before. Net income was -$42 million, and diluted earnings per share $-1.14. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2021.
Revenue
$523 million
-12.1% on the year
FY2013FY2020
Operating margin
-8.4%
4.3% a year earlier
FY2013FY2020
Net income
-$42 million
FY2013FY2020
Diluted EPS
-$1.14
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
523
595
459
-12.1%
Operating income
-43.9
25.7
31.7
Operating margin
-8.4%
4.3%
6.9%
Interest expense
0.8
0.4
2.4
+87.8%
Pre-tax income
-45.5
27.5
30.8
Income tax
0.1
3.4
8.9
-98.3%
Effective tax rate
n/a
12.3%
28.8%
Net income
-42.2
19.8
15.2
Net margin
-8.1%
3.3%
3.3%
Diluted EPS
-$1.14
$0.61
$0.52
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
37.4
89.9
85.4
-58.4%
Capital expenditure
69.0
107
87.5
-35.2%
Free cash flow
-31.7
-16.6
-2.1
Free cash flow margin
-6.1%
-2.8%
-0.5%
Cash from investing
-69.4
-80.7
-86.6
Cash from financing
142
3.2
4.5
+4,362.6%
Depreciation and amortisation
48.8
40.4
n/a
+20.8%
Share-based compensation
5.6
7.5
6.1
-25.9%
Diluted shares, weighted
37m
32m
29m
+15.1%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
407
299
226
+36.3%
Non-controlling interest
27.2
23.2
47.4
+17.3%
Debt
0.0
0.0
n/a
Operating lease liabilities
344
305
0.0
+12.7%
Finance lease liabilities
3.6
3.6
0.0
-1.6%
Other liabilities
364
338
337
+7.6%
Total liabilities and equity
1,145
968
611
+18.3%
Fixed assets
337
315
262
+6.9%
Investments
36.9
36.5
62.1
+1.0%
Cash and equivalents
147
37.1
24.8
+295.9%
Receivables
9.5
10.0
10.5
-5.1%
Inventory
2.9
2.2
1.7
+30.0%
Other assets
613
568
250
+7.9%
Total assets
1,145
968
611
+18.3%
10-K for the year ended 30 December 2020, filed 26 February 2021: the filing.