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SEC Filings

S-1/A
CHIPOTLE MEXICAN GRILL INC filed this Form S-1/A on 12/23/2005
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12.   Quarterly Financial Data (Unaudited)

        Summarized unaudited quarterly financial data:

 
  2003
 
 
  March 31
  June 30
  September 30
  December 31
 
Revenue   $ 64,712   $ 77,281   $ 85,391   $ 88,136  
Operating income (loss)   $ (3,972 ) $ (637 ) $ 165   $ (3,491 )
Net income (loss)   $ (3,932 ) $ (539 ) $ 256   $ (3,499 )

Basic earnings (loss) per share

 

$

0.09

 

$

(0.01

)

$

0.00

 

$

(0.07

)
Diluted earnings (loss) per share   $ 0.09   $ (0.01 ) $ 0.00   $ (0.07 )
 
  2004
 
 
  March 31
  June 30
  September 30
  December 31
 
Revenue   $ 101,442   $ 117,248   $ 124,563   $ 127,468  
Operating income (loss)   $ 702   $ 4,944   $ 4,215   $ (3,755 )
Net income (loss)   $ 515   $ 5,034   $ 4,293   $ (3,716 )

Basic earnings (loss) per share

 

$

0.01

 

$

0.06

 

$

0.05

 

$

(0.06

)
Diluted earnings (loss) per share   $ 0.01   $ 0.06   $ 0.05   $ (0.06 )
 
  2005
 
  March 31
  June 30
  September 30
Revenue   $ 133,416   $ 156,296   $ 164,670
Operating income   $ 4,439   $ 9,321   $ 9,498
Net income   $ 2,626   $ 25,725   $ 5,085
Basic earnings per share   $ 0.03   $ 0.33   $ 0.06
Diluted earnings per share   $ 0.03   $ 0.33   $ 0.06

        The quarterly results were impacted by the following unusual or infrequent events:

        In the second quarter of 2005, the Company determined that it was more likely than not that it would realize its deferred tax assets and reversed its valuation allowance, resulting in a net tax benefit of $16,739 in that quarter.

        In the fourth quarter of 2004, the Company recorded charges of $4,000 to establish a reserve for claims seeking reimbursement for purportedly fraudulent credit and debit card charges and for the cost of replacing cards and monitoring expenses and fees, which reduced the Company's operating income.

F-23


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