ITEM 6—SELECTED CONSOLIDATED FINANCIAL DATA
We derived the selected consolidated financial data as of and for the years 2018, 2017, 2016, 2015 and 2014 from
our audited consolidated financial statements.
The Company utilizes a 52 or 53 week accounting period that typically ends on the last Tuesday in December. The
Company utilizes a 13 or 14 week accounting period for quarterly reporting purposes. All of the fiscal years presented
were 52 weeks in length. Our historical results are not necessarily indicative of our results for any future period.
Fiscal Year
2018 2017 2016 2015 2014
(in thousands, except per share data)
Consolidated Statements of Income:
Revenue:
Restaurant sales and other ......................... $ 2,437,115 $ 2,203,017 $ 1,974,261 $ 1,791,446 $ 1,568,556
Franchise royalties and fees ........................ 20,334 16,514 16,453 15,922 13,592
Total revenue .................................. 2,457,449 2,219,531 1,990,714 1,807,368 1,582,148
Income from operations .............................. 187,789 186,206 171,900 144,565 130,449
Income before taxes ................................. 188,551 186,117 171,756 144,247 129,967
Provision for income taxes ........................... 24,257 48,581 51,183 42,986 38,990
Net income including noncontrolling interests ............ $ 164,294 $ 137,536 $ 120,573 $ 101,261 $ 90,977
Less: Net income attributable to noncontrolling interests .... 6,069 6,010 4,975 4,367 3,955
Net income attributable to Texas Roadhouse, Inc. and
subsidiaries ....................................... $ 158,225 $ 131,526 $ 115,598 $ 96,894 $ 87,022
Net income per common share:
Basic .......................................... $ 2.21 $ 1.85 $ 1.64 $ 1.38 $ 1.25
Diluted ........................................ $ 2.20 $ 1.84 $ 1.63 $ 1.37 $ 1.23
Weighted average shares outstanding( 1 ):
Basic .......................................... 71,467 70,989 70,396 70,032 69,719
Diluted ........................................ 71,964 71,527 71,052 70,747 70,608
Cash dividends declared per share ...................... $ 1.00 $ 0.84 $ 0.76 $ 0.68 $ 0.60