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how can i find the operarting margin from the income statement below? Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands
how can i find the operarting margin from the income statement below?
Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands | 12 Months Ended | ||||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |||
Consolidated Statements of Income [Abstract] | |||||
Revenue | $ 5,586,369 | $ 4,864,985 | $ 4,476,412 | ||
Restaurant operating costs (exclusive of depreciation and amortization shown separately below): | |||||
Food, beverage and packaging | 1,847,916 | 1,600,760 | 1,535,428 | ||
Labor | 1,472,060 | 1,326,079 | 1,205,992 | ||
Occupancy | 363,072 | 347,123 | 327,132 | ||
Gross Expenses | 3,683,048 | 3,273,962 | 3,068,552 | ||
Gross Income | 1,903,321 | 1,591,023 | 1,407,860 | ||
Other operating costs | 760,831 | 680,031 | 651,644 | ||
General and administrative expenses | 451,552 | 375,460 | 296,388 | ||
Depreciation and amortization | 212,778 | 201,979 | 163,348 | ||
Pre-opening costs | 11,108 | 8,546 | 12,341 | ||
Impairment, closure costs, and asset disposals | 23,094 | 66,639 | 13,345 | ||
Total operating expenses | 5,142,411 | 4,606,617 | 4,205,618 | ||
Income from operations | 443,958 | 258,368 | 270,794 | ||
Interest and other income, net | 14,327 | 10,068 | 4,949 | ||
Income before income taxes | 458,285 | 268,436 | 275,743 | ||
Provision for income taxes | (108,127) | (91,883) | (99,490) | ||
Net income | $ 350,158 | $ 176,553 | $ 176,253 | ||
Earnings per share: | |||||
Basic | $ 12.62 | $ 6.35 | $ 6.19 | ||
Weighted-average common shares outstanding: | |||||
Basic | 27,740 | 27,823 | 28,491 | ||
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