Shake Shack (SHAK) FY2022 results: revenue $900 million, up 21.7% on the year
Shake Shack Inc. (SHAK) reported revenue of $900 million for fiscal 2022, the year ended 28 December 2022, up 21.7% on the year before. Net income was -$21 million, and diluted earnings per share $-0.54. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2023.
Revenue
$900 million
+21.7% on the year
FY2015FY2022
Operating margin
-3.0%
-2.1% a year earlier
FY2015FY2022
Net income
-$21 million
FY2015FY2022
Diluted EPS
-$0.54
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
76.7
58.4
37.4
+31.4%
Capital expenditure
143
101
69.0
+40.5%
Free cash flow
-65.8
-43.1
-31.7
Free cash flow margin
-7.3%
-5.8%
-6.1%
Cash from investing
-143
-145
-69.4
Cash from financing
-5.2
242
142
Depreciation and amortisation
72.8
59.0
48.8
+23.4%
Share-based compensation
13.3
8.7
5.6
+53.1%
Diluted shares, weighted
39m
39m
37m
+0.4%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
412
410
407
+0.7%
Non-controlling interest
24.6
26.1
27.2
-5.5%
Debt
245
244
0.0
+0.4%
Operating lease liabilities
427
400
344
+6.8%
Finance lease liabilities
3.9
4.3
3.6
-9.2%
Other liabilities
399
388
364
+2.9%
Total liabilities and equity
1,512
1,472
1,145
+2.7%
Fixed assets
467
389
337
+19.9%
Investments
80.7
80.0
36.9
+0.9%
Cash and equivalents
231
302
147
-23.8%
Receivables
13.9
13.7
9.5
+1.6%
Inventory
4.2
3.9
2.9
+8.7%
Other assets
716
682
613
+4.9%
Total assets
1,512
1,472
1,145
+2.7%
10-K for the year ended 28 December 2022, filed 23 February 2023: the filing.