Chipotle is competitively strong this strength comes

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Chipotle is competitively strong. This strength comes from continued increases in revenue, effective leadership, strong social media based marketing, strong operational philosophies, and a focus on quality and customer service. The companies chose of unique, healthy, and organic ingredients ensures guaranteed not only tasty foods, but brand loyalty from consumers, but healthy servings to these customers. 88
CHIPOTLEFinancial StatementsIncome Statement 2016, 2017, 2018 (retrieved from )Dec. 31, 2018Dec. 31, 2017Dec. 31, 2016ConsolidatedStatement of Income [Abstract]Revenue$ 4,864,985$ 4,476,412$ 3,904,384Restaurant operating costs (exclusive of depreciation andamortizationshown separatelybelow):Food, beverage and packaging1,600,7601,535,4281,365,580Labor1,326,0791,205,9921,105,001Occupancy347,123327,132293,636Other operating costs680,031651,644641,953General and administrative expenses375,460296,388276,240Depreciation and amortization201,979163,348146,368Pre-opening costs8,54612,34117,162Impairment, closure costs, and asset disposals66,63913,34523,877Total operating expenses4,606,6174,205,6183,869,817Income from operations258,368270,79434,567Interest and other income, net10,0684,9494,172Income before income taxes268,436275,74338,739Provision for income taxes(91,883)(99,490)(15,801)Net income$ 176,553$ 176,253$ 22,938Earnings per share:Basic$ 6.35$ 6.19$ 0.78Diluted$ 6.31$ 6.17$ 0.77Weighted-average common shares outstanding:Basic27,82328,49129,265Diluted27,96228,56129,770ConsolidatedStatement of Income - USD($) shares in Thousands, $ in Thousands12 Months Ended99
CHIPOTLEBalance Sheets2018 (retrieved from )Consolidated Balance Sheet - USD($)$ in ThousandsDec. 31, 2018Dec. 31, 2017Current assets:Cash and cash equivalents$ 249,953$ 184,569Accounts receivable62,31240,453Inventory21,55519,860Prepaid expenses and other current assets54,12950,918Income tax receivable9,353Investments426,845324,382Total current assets814,794629,535Leasehold improvements, property and equipment, net1,379,2541,338,366Restricted cash30,19929,601Other assets19,33226,251Goodwill21,93921,939Total assets2,265,5182,045,692Current liabilities:Accounts payable113,07182,028Accrued payroll and benefits113,46782,541Accrued liabilities147,84995,679Unearned revenue70,47463,645Income tax payable5,129Total current liabilities449,990323,893Commitments and contingencies (Note 13)Deferred rent330,985316,498Deferred income tax liability11,566814Other liabilities31,63840,042Total liabilities824,179681,247Shareholders' equity:Preferred stock, $0.01 par value, 600,000 shares authorized, no shares issued as of December 31, 2018 and 2017, respectively00Common stock $0.01 par value, 230,000 shares authorized, 35,973 and 35,852 shares issued as of December 31, 2018 and 2017, respectively360359Additional paid-in capital1,374,1541,305,090Treasury stock, at cost, 8,276 and 7,826 common shares at December 31, 2018 and 2017, respectively(2,500,556)(2,334,409)Accumulated other comprehensive income (loss)(6,236)(3,659)Retained earnings2,573,6172,397,064Total shareholders' equity1,441,3391,364,445Total liabilities and shareholders' equity$ 2,265,518$ 2,045,6921010
CHIPOTLE2017 (retrieved from )Consolidated Balance Sheet - USD($)$ in ThousandsDec. 31, 2017Dec. 31, 2016Current assets:Cash and cash equivalents$ 184,569$ 87,880Accounts receivable, net of allowance for doubtful accounts of $0 and $259 as of December 31, 2017 and December 31, 2016, respectively40,45340,451Inventory19,86015,019Prepaid expenses and other current assets50,91844,080Income tax receivable9,3535,108Investments324,382329,836Total current assets629,535522,374Leasehold improvements, property and equipment, net1,338,3661,303,558Long term investments0125,055

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