Fiscal Year
2019 2018 2017 2016 2015
($ in thousands)
Consolidated Balance Sheet Data:
Cash and cash equivalents ............. $ 107,879 $ 210,125 $ 150,918 $ 112,944 $ 59,334
Total assets .......................... 1,983,565 1,469,276 1,330,623 1,179,971 1,032,706
Operating lease liabilities, net of
current portion ....................... 538, 710 - - - -
Long-term debt, net of current maturities. - - 50,000 50,550 25,694
Total liabilities...... ................. 1,052,396 508,568 479,232 421,729 355,524
Noncontrolling interests ............... 15,175 15,139 12,312 8,016 7,520
Texas Roadhouse, Inc. and subsidiaries
stockholders’ equity .................. $ 915,994 $ 945,569 $ 839,079 $ 750,226 $ 669,662
Selected Operating Data (unaudited):
Restaurants:
Company-Texas Roadhouse ......... 484 464 440 413 392
Company-Bubba’s 33 .............. 28 25 20 16 7
Company-Other ................... 2 2 2 2 2
Franchise - Domestic ............... 69 69 70 73 72
Franchise - International ............ 28 22 17 13 10
Total ............................ 611 582 549 517 483
Company restaurant information:
Store weeks ....................... 26,473 24,693 23,274 21,583 20,020
Comparable restaurant sales
growth(1) ........................ 4.7 % 5.4 % 4.5 % 3.5 % 7.2 %
Texas Roadhouse restaurants only:
Comparable restaurant sales
growth(1) ....................... 4.6 % 5.4 % 4.5 % 3.6 % 7.2 %
Average unit volume(2) ............ $ 5,555 $ 5,209 $ 4,973 $ 4,805 $ 4,664
Net cash provided by operating activities. $ 374,298 $ 352,868 $ 286,373 $ 257,065 $ 227,941
Net cash used in investing activities ..... $ (214,820) $ (158,145) $ (178,156) $ (164,738) $ (173,203)
Net cash used in financing activities ..... $ (261,724) $ (135,516) $ (70,243) $ (38,717) $ (81,526)
(1) Comparable restaurant sales growth reflects the change in sales over the same period of the prior year for the
comparable restaurant base. We define the comparable restaurant base to include those restaurants open for a full
18 months before the beginning of the later fiscal period, excluding sales from restaurants closed during the period.
(2) Average unit volume represents the average annual restaurant sales from Texas Roadhouse company restaurants
open for a full six months before the beginning of the period measured, excluding sales from restaurants closed
during the period. Additionally, average unit volume of company restaurants in the table above was adjusted to
reflect the restaurant sales of any acquired franchise restaurants. In addition, average unit volume for 2019 includes
53 weeks compared to 52 weeks for all other periods presented.