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Assumptions for Income statement: Sales Change 8% Margins stay the same Tax Rate is 21%,No dividends, shares outstanding remains the same Future dividend payout 10%
Assumptions for Income statement: | Sales Change | 8% | |||||
Margins stay the same | |||||||
Tax Rate is 21%,No dividends, shares outstanding remains the same | |||||||
Future dividend payout | 10% | ||||||
Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands | 12 Months Ended | 12 Months Ended | |||||
Dec. 31, 2019 | 31-Dec-20 | ||||||
Consolidated Statements of Income [Abstract] | |||||||
Revenue/Sales | $ 5,586,369 | $ 6,033,279 | |||||
Restaurant operating costs (exclusive of depreciation and amortization shown separately below): | |||||||
Food, beverage and packaging | 1,847,916 | ||||||
Labor | 1,472,060 | ||||||
Occupancy | 363,072 | ||||||
Gross Expenses | 3,683,048 | ||||||
Gross Income | 1,903,321 | $ 2,055,587 | |||||
Other operating costs | 760,831 | ||||||
General and administrative expenses | 451,552 | ||||||
Depreciation and amortization | 212,778 | ||||||
Pre-opening costs | 11,108 | ||||||
Impairment, closure costs, and asset disposals | 23,094 | ||||||
Total operating expenses | 5,142,411 | ||||||
Income from operations | 443,958 | ||||||
Interest and other income, net | 14,327 | ||||||
Income before income taxes | 458,285 | ||||||
Provision for income taxes | (108,127) | ||||||
Net income | $ 350,158 | ||||||
Future Dividend: | |||||||
Retained Earnings: | |||||||
Earnings per share: | $ 12.62 | ||||||
Weighted-average common shares outstanding: | 27,740 | 27,740 |
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