Texas Roadhouse (TXRH) FY2020 results: revenue $2.4 billion, down 13.0% on the year
Texas Roadhouse, Inc. (TXRH) reported revenue of $2.4 billion for fiscal 2020, the year ended 29 December 2020, down 13.0% on the year before. Net income was $31 million, down 82.1%, and diluted earnings per share $0.45. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2021.
Revenue
$2.4 billion
-13.0% on the year
FY2013FY2020
Operating margin
1.0%
7.7% a year earlier
FY2013FY2020
Net income
$31 million
-82.1% on the year
FY2013FY2020
Diluted EPS
$0.45
-81.7% on the year
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
2,398
2,756
2,457
-13.0%
Cost of revenue
2,115
2,260
n/a
-6.4%
Gross profit
284
496
n/a
-42.8%
Gross margin
11.8%
18.0%
n/a
Operating income
23.8
212
188
-88.8%
Operating margin
1.0%
7.7%
7.6%
Interest expense
4.1
n/a
0.6
Pre-tax income
19.3
214
189
-91.0%
Income tax
-15.7
32.4
24.3
Effective tax rate
-81.4%
15.1%
12.9%
Net income
31.3
174
158
-82.1%
Net margin
1.3%
6.3%
6.4%
Diluted EPS
$0.45
$2.46
$2.20
-81.7%
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
230
374
353
-38.4%
Capital expenditure
154
214
156
-28.0%
Free cash flow
76.0
160
197
-52.5%
Free cash flow margin
3.2%
5.8%
8.0%
Cash from investing
-161
-215
-158
Cash from financing
186
-262
-136
Depreciation and amortisation
118
116
101
+2.0%
Share-based compensation
29.4
35.5
34.0
-17.1%
Buybacks
12.6
140
n/a
-91.0%
Dividends paid
25.0
102
68.5
-75.6%
Dividend per share
$0.36
$1.20
$1.00
-70.0%
Diluted shares, weighted
70m
71m
72m
-1.4%
Shares outstanding at period end
70m
69m
72m
+0.2%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
928
916
946
+1.3%
Non-controlling interest
15.5
15.2
15.1
+2.4%
Debt
240
0.0
2.1
Operating lease liabilities
572
539
n/a
+6.2%
Other liabilities
570
514
506
+11.0%
Total liabilities and equity
2,325
1,984
1,469
+17.2%
Fixed assets
1,089
1,057
957
+3.0%
Goodwill
127
125
123
+1.8%
Intangible assets
2.3
1.2
2.0
+84.0%
Cash and equivalents
363
108
210
+236.6%
Receivables
98.4
99.3
92.1
-0.9%
Inventory
22.4
20.3
18.8
+10.3%
Other assets
623
574
66.4
+8.7%
Total assets
2,325
1,984
1,469
+17.2%
10-K for the year ended 29 December 2020, filed 26 February 2021: the filing.