Texas Roadhouse (TXRH) FY2018 results: revenue $2.5 billion, up 10.7% on the year
Texas Roadhouse, Inc. (TXRH) reported revenue of $2.5 billion for fiscal 2018, the year ended 25 December 2018, up 10.7% on the year before. Net income was $158 million, up 20.3%, and diluted earnings per share $2.20. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2019.
Revenue
$2.5 billion
+10.7% on the year
FY2011FY2018
Operating margin
7.6%
8.4% a year earlier
FY2011FY2018
Net income
$158 million
+20.3% on the year
FY2011FY2018
Diluted EPS
$2.20
+19.6% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
2,457
2,220
1,991
+10.7%
Operating income
188
186
172
+0.9%
Operating margin
7.6%
8.4%
8.6%
Interest expense
0.6
1.6
1.3
-62.5%
Pre-tax income
189
186
172
+1.3%
Income tax
24.3
48.6
51.2
-50.1%
Effective tax rate
12.9%
26.1%
29.8%
Net income
158
132
116
+20.3%
Net margin
6.4%
5.9%
5.8%
Diluted EPS
$2.20
$1.84
$1.63
+19.6%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
353
286
257
+23.2%
Capital expenditure
156
162
165
-3.5%
Free cash flow
197
125
92.3
+57.8%
Free cash flow margin
8.0%
5.6%
4.6%
Cash from investing
-158
-178
-165
Cash from financing
-136
-70.2
-38.7
Depreciation and amortisation
101
93.5
83.0
+8.3%
Share-based compensation
34.0
26.9
26.1
+26.2%
Buybacks
n/a
n/a
4.1
Dividends paid
68.5
58.2
52.1
+17.9%
Dividend per share
$1.00
$0.84
$0.76
+19.0%
Diluted shares, weighted
72m
72m
71m
+0.6%
Shares outstanding at period end
72m
71m
71m
+0.6%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
946
839
750
+12.7%
Non-controlling interest
15.1
12.3
8.0
+23.0%
Debt
2.1
52.0
52.4
-96.0%
Other liabilities
506
427
369
+18.5%
Total liabilities and equity
1,469
1,331
1,180
+10.4%
Fixed assets
957
912
830
+4.9%
Goodwill
123
121
117
+1.8%
Intangible assets
2.0
2.7
3.6
-27.4%
Cash and equivalents
210
151
113
+39.2%
Receivables
92.1
76.5
56.1
+20.4%
Inventory
18.8
16.3
16.1
+15.5%
Other assets
66.4
51.0
44.6
+30.1%
Total assets
1,469
1,331
1,180
+10.4%
10-K for the year ended 25 December 2018, filed 22 February 2019: the filing.