Texas Roadhouse (TXRH) FY2016 results: revenue $2.0 billion, up 10.1% on the year
Texas Roadhouse, Inc. (TXRH) reported revenue of $2.0 billion for fiscal 2016, the year ended 27 December 2016, up 10.1% on the year before. Net income was $116 million, up 19.3%, and diluted earnings per share $1.63. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2019.
Revenue
$2.0 billion
+10.1% on the year
FY2009FY2016
Operating margin
8.6%
8.0% a year earlier
FY2009FY2016
Net income
$116 million
+19.3% on the year
FY2009FY2016
Diluted EPS
$1.63
+19.0% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
1,991
1,807
1,582
+10.1%
Operating income
172
145
130
+18.9%
Operating margin
8.6%
8.0%
8.2%
Interest expense
1.3
2.0
2.1
-35.9%
Pre-tax income
172
144
130
+19.1%
Income tax
51.2
43.0
39.0
+19.1%
Effective tax rate
29.8%
29.8%
30.0%
Net income
116
96.9
87.0
+19.3%
Net margin
5.8%
5.4%
5.5%
Diluted EPS
$1.63
$1.37
$1.23
+19.0%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
257
228
192
+12.8%
Capital expenditure
165
173
125
-5.0%
Free cash flow
92.3
54.5
66.3
+69.5%
Free cash flow margin
4.6%
3.0%
4.2%
Cash from investing
-165
-173
n/a
Cash from financing
-38.7
-81.5
n/a
Depreciation and amortisation
83.0
69.7
59.2
+19.0%
Share-based compensation
26.1
22.8
14.9
+14.2%
Buybacks
4.1
11.4
42.7
-63.9%
Dividends paid
52.1
46.2
31.3
+12.7%
Dividend per share
$0.76
$0.68
$0.45
+11.8%
Diluted shares, weighted
71m
71m
71m
+0.4%
Shares outstanding at period end
71m
70m
70m
+0.8%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
750
670
608
+12.0%
Non-controlling interest
8.0
7.5
7.1
+6.6%
Debt
52.4
25.7
50.8
+103.9%
Other liabilities
369
330
277
+12.0%
Total liabilities and equity
1,180
1,033
943
+14.3%
Fixed assets
830
751
650
+10.5%
Goodwill
117
117
117
0.0%
Intangible assets
3.6
4.8
6.2
-25.0%
Cash and equivalents
113
59.3
86.1
+90.4%
Receivables
56.1
45.4
34.0
+23.6%
Inventory
16.1
15.6
14.3
+2.9%
Other assets
44.6
39.6
36.3
+12.4%
Total assets
1,180
1,033
943
+14.3%
10-K for the year ended 27 December 2016, filed 22 February 2019: the filing.