Texas Roadhouse (TXRH) FY2015 results: revenue $1.8 billion, up 14.2% on the year
Texas Roadhouse, Inc. (TXRH) reported revenue of $1.8 billion for fiscal 2015, the year ended 29 December 2015, up 14.2% on the year before. Net income was $97 million, up 11.3%, and diluted earnings per share $1.37. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2016.
Revenue
$1.8 billion
+14.2% on the year
FY2009FY2015
Operating margin
8.0%
8.2% a year earlier
FY2009FY2015
Net income
$97 million
+11.3% on the year
FY2009FY2015
Diluted EPS
$1.37
+11.4% on the year
FY2009FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
1,807
1,582
1,423
+14.2%
Operating income
145
130
120
+10.8%
Operating margin
8.0%
8.2%
8.4%
Interest expense
2.0
2.1
2.2
-6.0%
Pre-tax income
144
130
118
+11.0%
Income tax
43.0
39.0
34.1
+10.2%
Effective tax rate
29.8%
30.0%
28.9%
Net income
96.9
87.0
80.4
+11.3%
Net margin
5.4%
5.5%
5.7%
Diluted EPS
$1.37
$1.23
$1.13
+11.4%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
228
192
174
+18.9%
Capital expenditure
173
125
111
+38.3%
Free cash flow
54.5
66.3
62.4
-17.8%
Free cash flow margin
3.0%
4.2%
4.4%
Cash from investing
-173
n/a
n/a
Cash from financing
-81.5
n/a
n/a
Depreciation and amortisation
69.7
59.2
51.6
+17.8%
Share-based compensation
22.8
14.9
14.7
+53.4%
Buybacks
11.4
42.7
12.8
-73.3%
Dividends paid
46.2
31.3
46.9
+47.4%
Dividend per share
$0.68
$0.45
$0.48
+51.1%
Diluted shares, weighted
71m
71m
71m
+0.2%
Shares outstanding at period end
70m
70m
70m
+0.7%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
670
608
588
+10.2%
Non-controlling interest
7.5
7.1
6.2
+6.5%
Debt
25.7
50.8
51.2
-49.4%
Other liabilities
330
277
233
+18.9%
Total liabilities and equity
1,033
943
878
+9.5%
Fixed assets
751
650
586
+15.6%
Goodwill
117
117
117
0.0%
Intangible assets
4.8
6.2
7.9
-22.2%
Cash and equivalents
59.3
86.1
94.9
-31.1%
Receivables
45.4
34.0
25.4
+33.5%
Inventory
15.6
14.3
12.0
+9.7%
Other assets
39.6
36.3
34.2
+9.1%
Total assets
1,033
943
878
+9.5%
10-K for the year ended 29 December 2015, filed 26 February 2016: the filing.