Total assets 2026103 2725066 current liabilities

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Total assets 2,026,103 2,725,066 Current liabilities: Accounts payable 78,363 85,709 Accrued payroll and benefits 76,301 64,958 Accrued liabilities 127,129 129,275 Total current liabilities 281,793 279,942 Deferred rent 288,927 251,962 Deferred income tax liability 18,944 32,305 Other liabilities 33,946 32,883 Total liabilities 623,610 597,092 Shareholders' equity: Preferred stock, $0.01 par value, 600,000 shares authorized, no shares issued as of December 31, 2016 and December 31, 2015, respectively 0 0 Common stock $0.01 par value, 230,000 shares authorized, and 35,833 and 35,790 shares issued as of December 31, 2016 and December 31, 2015, respectively 358 358 Additional paid-in capital 1,238,875 1,172,628 Treasury stock, at cost, 7,019 and 5,206 common shares at December 31, 2016 and December 31, 2015, respectively (2,049,389) (1,234,612) Accumulated other comprehensive income (loss) (8,162) (8,273) Retained earnings 2,220,811 2,197,873 Total shareholders' equity 1,402,493 2,127,974 Total liabilities and shareholders' equity $ 2,026,103 $ 2,725,066
Dec. 31, 2018 Dec. 31, 2017 Dec. 31, 2016 Operating activities Net income $ 176,553 $ 176,253 $ 22,938 Adjustments to reconcile net income to net cashprovidedby operating activities: Depreciation and amortization 201,979 163,348 146,368 Deferred income tax (benefit) provision 10,585 (18,026) (14,207) Impairment, closure costs, and asset disposals 61,987 13,345 23,877 Bad debt allowance 125 214 (262) Stock-based compensation expense 69,164 65,255 64,166 Other (2,918) (218) (1,924) Changes in operating assets andliabilities: Accounts receivable (8,298) (140) (1,923) Inventory (1,722) (5,250) (91) Prepaid expenses and other current assets (3,811) (6,710) (4,259) Other assets (2,005) (1,476) 1,063 Accounts payable 32,080 10,908 (6,734) Accrued payroll and benefits 29,568 6,188 11,416 Accrued liabilities 14,831 28,179 13,692 Unearned revenue 6,829 4,207 8,383 Income tax payable/receivable 14,439 (4,173) 54,340 Deferred rent 21,297 29,996 37,030 Other long-term liabilities 869 6,316 1,287 Net cash provided by operating activities 621,552 468,216 355,160 Investing activities Purchases of leasehold improvements, property and equipment (287,390) (216,777) (258,842) Purchases of investments (485,188) (199,801) 0 Maturities of investments 385,000 330,000 45,000 Proceeds from sale of investments 0 0 540,648 Net cash used in investing activities (387,578) (86,578) 326,806 Financing activities Acquisition of treasury stock (160,937) (285,218) (836,760) Tax withholding on share-based compensation awards (5,411) (702) (895) Stock plan transactions and other financing activities (187) 26 1,372 Net cash used in financing activities (166,535) (285,894) (836,283) Effect of exchange rate changes on cash and cash equivalents and restricted cash (1,457) 2,056 110 Net change in cash, cash equivalents, and restricted cash 65,982 97,800 (154,207) Cash, cash equivalents and restricted cash at beginning of period 214,170 116,370 270,577 Cash, cash equivalents and restricted cash at end of period 280,152 214,170 116,370 Supplemental disclosures of cash flow information Income taxes paid 67,053 119,787 23,862 Increase (decrease) in purchases of leasehold improvements, property and equipment accrued in accounts payable and accrued liabilities (936) (7,690) (1,781) Increase (decrease) in acquistion of treasury stock accrued in accrued liabilities $ 200 $ (900) $ (22,778) Consolidated Statement of Cash Flows - USD($)$ in Thousands 12 Months Ended Individual Case Study 1: Chipotle Mexican Grill 12 Statement of Cash Flows 2016, 2017, 2018 (retrieved from )
Individual Case Study 1: Chipotle Mexican Grill 13 Financial Ratios Ratio 2018 2017 2016 Gross Profit Margin 18.725% 16.893% 12.76% Operating Profit Margin 5.3% 6.04% 0.88% Net Profit Margin 3.62% 3.93% .0587% Return on Assets 7.79% 8.61% 1.13% Return on Invested Capital 12.24% 12.91% 1.63% ROE 12.24% 12.91% 1.63% Current 1.81 1.94 1.85 Debt to Assets 0 0 0

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