Income Statement

All numbers in thousands

Revenue	12/31/2016	12/31/2015	12/31/2014
Total Revenue	3,904,384	4,501,223	4,108,269
Cost of Revenue	3,406,170	3,326,936	2,990,513
Gross Profit	498,214	1,174,287	1,117,756
Operating Expenses
Research Development	-	-	-
Selling General and Administrative	276,240	250,214	273,897
Non Recurring	17,162	16,922	15,609
Others	146,368	130,368	110,474
Total Operating Expenses	-	-	-
Operating Income or Loss	34,567	763,589	710,800
Income from Continuing Operations
Total Other Income/Expenses Net	-19,705	-6,916	-3,473
Earnings Before Interest and Taxes	38,739	769,867	714,303
Interest Expense	-	-	-
Income Before Tax	38,739	769,867	714,303
Income Tax Expense	15,801	294,265	268,929
Minority Interest	-	-	-
Net Income From Continuing Ops	22,938	475,602	445,374
Non-recurring Events
Discontinued Operations	-	-	-
Extraordinary Items	-	-	-
Effect Of Accounting Changes	-	-	-
Other Items	-	-	-
Net Income
Net Income	22,938	475,602	445,374
Preferred Stock And Other Adjustments	-	-	-
Net Income Applicable To Common Shares	22,938	475,602	445,374

Use the income statement for Chipotle (CMG) and provide an explanation of what information the income statement provides, and provide a brief explanation of the information for Chipotle over the past 3 years. You may find Chipotles latest income statement at https://finance.yahoo.com/quote/CMG/financials