Texas Roadhouse (TXRH) FY2017 results: revenue $2.2 billion, up 11.5% on the year
Texas Roadhouse, Inc. (TXRH) reported revenue of $2.2 billion for fiscal 2017, the year ended 26 December 2017, up 11.5% on the year before. Net income was $132 million, up 13.8%, and diluted earnings per share $1.84. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2019.
Revenue
$2.2 billion
+11.5% on the year
FY2010FY2017
Operating margin
8.4%
8.6% a year earlier
FY2010FY2017
Net income
$132 million
+13.8% on the year
FY2010FY2017
Diluted EPS
$1.84
+12.9% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
2,220
1,991
1,807
+11.5%
Operating income
186
172
145
+8.3%
Operating margin
8.4%
8.6%
8.0%
Interest expense
1.6
1.3
2.0
+25.7%
Pre-tax income
186
172
144
+8.4%
Income tax
48.6
51.2
43.0
-5.1%
Effective tax rate
26.1%
29.8%
29.8%
Net income
132
116
96.9
+13.8%
Net margin
5.9%
5.8%
5.4%
Diluted EPS
$1.84
$1.63
$1.37
+12.9%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
286
257
228
+11.4%
Capital expenditure
162
165
173
-1.9%
Free cash flow
125
92.3
54.5
+35.1%
Free cash flow margin
5.6%
4.6%
3.0%
Cash from investing
-178
-165
-173
Cash from financing
-70.2
-38.7
-81.5
Depreciation and amortisation
93.5
83.0
69.7
+12.7%
Share-based compensation
26.9
26.1
22.8
+3.3%
Buybacks
n/a
4.1
11.4
Dividends paid
58.2
52.1
46.2
+11.7%
Dividend per share
$0.84
$0.76
$0.68
+10.5%
Diluted shares, weighted
72m
71m
71m
+0.7%
Shares outstanding at period end
71m
71m
70m
+0.8%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
839
750
670
+11.8%
Non-controlling interest
12.3
8.0
7.5
+53.6%
Debt
52.0
52.4
25.7
-0.8%
Other liabilities
427
369
330
+15.7%
Total liabilities and equity
1,331
1,180
1,033
+12.8%
Fixed assets
912
830
751
+9.9%
Goodwill
121
117
117
+3.8%
Intangible assets
2.7
3.6
4.8
-25.5%
Cash and equivalents
151
113
59.3
+33.6%
Receivables
76.5
56.1
45.4
+36.3%
Inventory
16.3
16.1
15.6
+1.4%
Other assets
51.0
44.6
39.6
+14.5%
Total assets
1,331
1,180
1,033
+12.8%
10-K for the year ended 26 December 2017, filed 22 February 2019: the filing.