Texas Roadhouse (TXRH) FY2014 results: revenue $1.6 billion, up 11.2% on the year
Texas Roadhouse, Inc. (TXRH) reported revenue of $1.6 billion for fiscal 2014, the year ended 30 December 2014, up 11.2% on the year before. Net income was $87 million, up 8.2%, and diluted earnings per share $1.23. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2015.
Revenue
$1.6 billion
+11.2% on the year
FY2009FY2014
Operating margin
8.2%
8.4% a year earlier
FY2009FY2014
Net income
$87 million
+8.2% on the year
FY2009FY2014
Diluted EPS
$1.23
+8.8% on the year
FY2009FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
1,582
1,423
1,263
+11.2%
Operating income
130
120
110
+9.0%
Operating margin
8.2%
8.4%
8.7%
Interest expense
2.1
2.2
2.3
-5.3%
Pre-tax income
130
118
109
+9.9%
Income tax
39.0
34.1
34.7
+14.2%
Effective tax rate
30.0%
28.9%
32.0%
Net income
87.0
80.4
71.2
+8.2%
Net margin
5.5%
5.7%
5.6%
Diluted EPS
$1.23
$1.13
$1.00
+8.8%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
192
174
148
+10.3%
Capital expenditure
125
111
87.0
+12.5%
Free cash flow
66.3
62.4
61.1
+6.3%
Free cash flow margin
4.2%
4.4%
4.8%
Depreciation and amortisation
59.2
51.6
46.7
+14.8%
Share-based compensation
14.9
14.7
13.2
+1.0%
Buybacks
42.7
12.8
29.4
+235.0%
Dividends paid
31.3
46.9
24.5
-33.2%
Dividend per share
$0.45
$0.48
$0.27
-6.2%
Diluted shares, weighted
71m
71m
71m
-1.1%
Shares outstanding at period end
70m
70m
69m
-1.0%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
608
588
525
+3.4%
Non-controlling interest
7.1
6.2
5.7
+13.9%
Debt
50.8
51.2
51.3
-0.8%
Other liabilities
277
233
209
+19.3%
Total liabilities and equity
943
878
791
+7.5%
Fixed assets
650
586
532
+10.8%
Goodwill
117
117
113
-0.5%
Intangible assets
6.2
7.9
9.3
-21.2%
Cash and equivalents
86.1
94.9
81.7
-9.2%
Receivables
34.0
25.4
16.4
+34.0%
Inventory
14.3
12.0
10.9
+19.3%
Other assets
36.3
34.2
27.8
+6.4%
Total assets
943
878
791
+7.5%
10-K for the year ended 30 December 2014, filed 27 February 2015: the filing.