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SEC Filings

8-K
CHIPOTLE MEXICAN GRILL INC filed this Form 8-K on 07/25/2017
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Chipotle Mexican Grill, Inc.

Condensed Consolidated Statement of Operations and Comprehensive Income

(in thousands, except per share data)

(unaudited)







 

 

 

 

 

 

 

 

 

 

 



Three months ended June 30,



2017

 

2016

Revenue

$

1,169,409 

 

100.0 

%

 

$

998,383 

 

100.0 

%

Restaurant operating costs (exclusive of depreciation and amortization shown separately below):

 

 

 

 

 

 

 

 

 

 

 

Food, beverage and packaging

 

399,152 

 

34.1 

 

 

 

341,902 

 

34.2 

 

Labor

 

305,851 

 

26.2 

 

 

 

276,926 

 

27.7 

 

Occupancy

 

80,321 

 

6.9 

 

 

 

72,354 

 

7.2 

 

Other operating costs

 

163,685 

 

14.0 

 

 

 

152,156 

 

15.2 

 

General and administrative expenses

 

70,075 

 

6.0 

 

 

 

70,756 

 

7.1 

 

Depreciation and amortization

 

41,081 

 

3.5 

 

 

 

36,074 

 

3.6 

 

Pre-opening costs

 

2,903 

 

0.2 

 

 

 

4,133 

 

0.4 

 

(Gain) loss on disposal and impairment of assets

 

(384)

 

 -

 

 

 

3,187 

 

0.3 

 

Total operating expenses

 

1,062,684 

 

90.9 

 

 

 

957,488 

 

95.9 

 

Income from operations

 

106,725 

 

9.1 

 

 

 

40,895 

 

4.1 

 

Interest and other income, net

 

1,049 

 

0.1 

 

 

 

786 

 

0.1 

 

Income before income taxes

 

107,774 

 

9.2 

 

 

 

41,681 

 

4.2 

 

Provision for income taxes

 

(41,044)

 

(3.5)

 

 

 

(16,085)

 

(1.6)

 

Net income

$

66,730 

 

5.7 

%

 

$

25,596 

 

2.6 

%

Other comprehensive income (loss), net of income taxes

 

 

 

 

 

 

 

 

 

 

 

Foreign currency translation adjustments

 

2,136 

 

 

 

 

 

(765)

 

 

 

Unrealized gain (loss) on investments, net of tax benefit (expense) of $37 and ($348)

 

(58)

 

 

 

 

 

509 

 

 

 

Other comprehensive income (loss), net of income taxes

 

2,078 

 

 

 

 

 

(256)

 

 

 

Comprehensive income

$

68,808 

 

 

 

 

$

25,340 

 

 

 

Earnings per share:

 

 

 

 

 

 

 

 

 

 

 

Basic

$

2.33 

 

 

 

 

$

0.88 

 

 

 

Diluted

$

2.32 

 

 

 

 

$

0.87 

 

 

 

Weighted average common shares outstanding:

 

 

 

 

 

 

 

 

 

 

 

Basic

 

28,649 

 

 

 

 

 

29,207 

 

 

 

Diluted

 

28,800 

 

 

 

 

 

29,340 

 

 

 



 


 

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