ITEM 6—SELECTED FINANCIAL DATA
We derived the selected consolidated financial data as of and for the years 2019, 2018, 2017, 2016 and 2015 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. Fiscal year 2019 was 53 weeks in
length. Fiscal years 2018, 2017, 2016 and 2015 were 52 weeks in length. Our historical results are not necessarily
indicative of our results for any future period.
Fiscal Year
2019 2018 2017 2016 2015
(in thousands, except per share data)
Consolidated Statements of Income:
Revenue:
Restaurant sales and other ................ $ 2,734,177 $ 2,437,115 $ 2,203,017 $ 1,974,261 $ 1,791,446
Franchise royalties and fees... ............ 21,986 20,334 16,514 16,453 15,922
Total revenue ......................... 2,756,163 2,457,449 2,219,531 1,990,714 1,807,368
Income from operations .................... 212,023 187,789 186,206 171,900 144,565
Income before taxes ....................... 213,915 188,551 186,117 171,756 144,247
Provision for income taxes .................. 32,397 24,257 48,581 51,183 42,986
Net income including noncontrolling interests.. $ 181,518 $ 164,294 $ 137,536 $ 120,573 $ 101,261
Less: Net income attributable to
noncontrolling interests ..................... 7,066 6,069 6,010 4,975 4,367
Net income attributable to Texas Roadhouse,
Inc. and subsidiaries ....................... $ 174,452 $ 158,225 $ 131,526 $ 115,598 $ 96,894
Net income per common share:
Basic ................................. $ 2.47 $ 2.21 $ 1.85 $ 1.64 $ 1.38
Diluted ................................ $ 2.46 $ 2.20 $ 1.84 $ 1.63 $ 1.37
Weighted average shares outstanding:
Basic ................................. 70,509 71,467 70,989 70,396 70,032
Diluted ................................ 70,916 71,964 71,527 71,052 70,747
Cash dividends declared per share ............ $ 1.20 $ 1.00 $ 0.84 $ 0.76 $ 0.68