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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)







 

 

 

 

 

 

 

 

 

 

 



Six months ended June 30,



2017

 

2016

Revenue

$

2,238,238 

 

100.0 

%

 

$

1,832,842 

 

100.0 

%

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

 

 

 

 

 

 

 

 

 

 

 

Food, beverage and packaging

 

760,947 

 

34.0 

 

 

 

636,068 

 

34.7 

 

Labor

 

593,702 

 

26.5 

 

 

 

534,607 

 

29.2 

 

Occupancy

 

159,283 

 

7.1 

 

 

 

142,946 

 

7.8 

 

Other operating costs

 

314,294 

 

14.0 

 

 

 

307,345 

 

16.8 

 

General and administrative expenses

 

139,516 

 

6.2 

 

 

 

132,766 

 

7.2 

 

Depreciation and amortization

 

80,360 

 

3.6 

 

 

 

70,862 

 

3.9 

 

Pre-opening costs

 

6,972 

 

0.3 

 

 

 

8,554 

 

0.5 

 

Loss on disposal and impairment of assets

 

3,266 

 

0.1 

 

 

 

5,403 

 

0.3 

 

Total operating expenses

 

2,058,340 

 

92.0 

 

 

 

1,838,551 

 

100.3 

 

Income (loss) from operations

 

179,898 

 

8.0 

 

 

 

(5,709)

 

(0.3)

 

Interest and other income, net

 

2,237 

 

0.1 

 

 

 

2,912 

 

0.2 

 

Income (loss) before income taxes

 

182,135 

 

8.1 

 

 

 

(2,797)

 

(0.2)

 

Benefit (provision) for income taxes

 

(69,285)

 

(3.1)

 

 

 

1,961 

 

0.1 

 

Net income (loss)

$

112,850 

 

5.0 

%

 

$

(836)

 

(0.0)

%

Other comprehensive income, net of income taxes

 

 

 

 

 

 

 

 

 

 

 

Foreign currency translation adjustments

 

2,811 

 

 

 

 

 

1,164 

 

 

 

Unrealized gain (loss) on investments, net of income taxes of $131 and ($1,531)

 

(240)

 

 

 

 

 

2,402 

 

 

 

Other comprehensive income, net of income taxes

 

2,571 

 

 

 

 

 

3,566 

 

 

 

Comprehensive income

$

115,421 

 

 

 

 

$

2,730 

 

 

 

Earnings per share:

 

 

 

 

 

 

 

 

 

 

 

Basic

$

3.93 

 

 

 

 

$

(0.03)

 

 

 

Diluted

$

3.92 

 

 

 

 

$

(0.03)

 

 

 

Weighted average common shares outstanding:

 

 

 

 

 

 

 

 

 

 

 

Basic

 

28,699 

 

 

 

 

 

29,550 

 

 

 

Diluted

 

28,825 

 

 

 

 

 

29,550 

 

 

 









 


 

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