2014 Q3 Form 10-Q Financial Statement

#000070335114000026 Filed on November 03, 2014

View on sec.gov

Income Statement

Concept 2014 Q3 2013 Q3
Revenue $711.0M $684.7M
YoY Change 3.85% 0.17%
Cost Of Revenue $184.8M $180.7M
YoY Change 2.28% -2.19%
Gross Profit $526.2M $504.0M
YoY Change 4.41% 1.04%
Gross Profit Margin 74.01% 73.61%
Selling, General & Admin $32.60M $34.40M
YoY Change -5.23% -7.77%
% of Gross Profit 6.19% 6.83%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $35.50M $33.20M
YoY Change 6.93% 1.84%
% of Gross Profit 6.75% 6.59%
Operating Expenses $68.20M $67.50M
YoY Change 1.04% -3.57%
Operating Profit $54.31M $49.01M
YoY Change 10.81% 5.3%
Interest Expense $6.999M $7.013M
YoY Change -0.2% 1.8%
% of Operating Profit 12.89% 14.31%
Other Income/Expense, Net $503.0K $582.0K
YoY Change -13.57% -26.98%
Pretax Income $47.81M $42.58M
YoY Change 12.29% 5.27%
Income Tax $15.08M $13.37M
% Of Pretax Income 31.53% 31.4%
Net Earnings $32.74M $29.21M
YoY Change 12.07% 4.84%
Net Earnings / Revenue 4.6% 4.27%
Basic Earnings Per Share $0.51 $0.44
Diluted Earnings Per Share $0.49 $0.42
COMMON SHARES
Basic Shares Outstanding 64.67M shares 66.69M shares
Diluted Shares Outstanding 66.26M shares 68.80M shares

Balance Sheet

Concept 2014 Q3 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $63.70M $55.60M
YoY Change 14.57% -13.53%
Cash & Equivalents $63.69M $55.60M
Short-Term Investments
Other Short-Term Assets $74.80M $71.40M
YoY Change 4.76% 19.8%
Inventory $24.16M $24.10M
Prepaid Expenses
Receivables $38.45M $29.52M
Other Receivables $0.00 $9.100M
Total Short-Term Assets $201.1M $189.7M
YoY Change 6.03% -0.51%
LONG-TERM ASSETS
Property, Plant & Equipment $1.050B $1.028B
YoY Change 2.18% -1.52%
Goodwill $133.2M $133.3M
YoY Change -0.05% 6.1%
Intangibles $18.35M
YoY Change
Long-Term Investments
YoY Change
Other Assets $40.88M $61.03M
YoY Change -33.01% 18.21%
Total Long-Term Assets $1.275B $1.244B
YoY Change 2.54% 0.18%
TOTAL ASSETS
Total Short-Term Assets $201.1M $189.7M
Total Long-Term Assets $1.275B $1.244B
Total Assets $1.476B $1.433B
YoY Change 3.0% 0.09%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $90.14M $85.62M
YoY Change 5.28% 9.61%
Accrued Expenses $321.7M $250.5M
YoY Change 28.44% 1.09%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $28.00M $27.60M
YoY Change 1.45% 0.73%
Total Short-Term Liabilities $440.9M $366.9M
YoY Change 20.17% 2.88%
LONG-TERM LIABILITIES
Long-Term Debt $865.3M $813.3M
YoY Change 6.39% 21.21%
Other Long-Term Liabilities $131.9M $133.0M
YoY Change -0.88% -2.25%
Total Long-Term Liabilities $131.9M $133.0M
YoY Change -0.88% -2.25%
TOTAL LIABILITIES
Total Short-Term Liabilities $440.9M $366.9M
Total Long-Term Liabilities $131.9M $133.0M
Total Liabilities $572.8M $499.9M
YoY Change 14.57% 1.46%
SHAREHOLDERS EQUITY
Retained Earnings $2.321B $2.231B
YoY Change 4.04% 4.95%
Common Stock $494.9M $486.8M
YoY Change 1.67% 0.4%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.776B $2.597B
YoY Change 6.87% 10.89%
Treasury Stock Shares 112.0M shares 109.3M shares
Shareholders Equity $38.18M $120.0M
YoY Change
Total Liabilities & Shareholders Equity $1.476B $1.433B
YoY Change 3.0% 0.09%

Cashflow Statement

Concept 2014 Q3 2013 Q3
OPERATING ACTIVITIES
Net Income $32.74M $29.21M
YoY Change 12.07% 4.84%
Depreciation, Depletion And Amortization $35.50M $33.20M
YoY Change 6.93% 1.84%
Cash From Operating Activities $70.90M $55.40M
YoY Change 27.98% 68.39%
INVESTING ACTIVITIES
Capital Expenditures $40.18M $29.84M
YoY Change 34.64% -19.34%
Acquisitions $0.00
YoY Change
Other Investing Activities $1.200M $0.00
YoY Change -100.0%
Cash From Investing Activities -$39.00M -$29.80M
YoY Change 30.87% -18.13%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $53.32M $66.30M
YoY Change -19.58% -23.2%
Debt Paid & Issued, Net $6.669M $6.630M
YoY Change 0.59% 0.53%
Cash From Financing Activities -25.90M -29.30M
YoY Change -11.6% -440.7%
NET CHANGE
Cash From Operating Activities 70.90M 55.40M
Cash From Investing Activities -39.00M -29.80M
Cash From Financing Activities -25.90M -29.30M
Net Change In Cash 6.000M -3.700M
YoY Change -262.16% -172.55%
FREE CASH FLOW
Cash From Operating Activities $70.90M $55.40M
Capital Expenditures $40.18M $29.84M
Free Cash Flow $30.72M $25.56M
YoY Change 20.19% -723.17%

Facts In Submission

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CY2014Q3 us-gaap Proceeds From Long Term Lines Of Credit
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CY2013Q3 us-gaap Proceeds From Sale Of Productive Assets
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CY2014Q3 us-gaap Proceeds From Sale Of Productive Assets
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CY2014Q3 us-gaap Proceeds From Stock Options Exercised
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CY2014Q3 us-gaap Property Plant And Equipment Gross
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CY2014Q2 us-gaap Property Plant And Equipment Net
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CY2014Q3 us-gaap Property Plant And Equipment Net
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CY2014Q3 us-gaap Repayments Of Lines Of Credit
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CY2013Q3 us-gaap Repayments Of Lines Of Credit
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CY2013Q3 us-gaap Repayments Of Long Term Debt
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CY2014Q3 us-gaap Repayments Of Long Term Debt
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CY2014Q3 us-gaap Restructuring Costs And Asset Impairment Charges
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933000 USD
CY2013Q3 us-gaap Restructuring Costs And Asset Impairment Charges
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CY2014Q3 us-gaap Retained Earnings Accumulated Deficit
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CY2014Q2 us-gaap Retained Earnings Accumulated Deficit
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CY2013Q3 us-gaap Revenues
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CY2014Q3 us-gaap Revenues
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CY2014Q2 us-gaap Sales And Excise Tax Payable Current
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CY2014Q3 us-gaap Sales Revenue Goods Net
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CY2014Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
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CY2014Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
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CY2014Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
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219000 shares
CY2014Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
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CY2014Q3 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
49.04
CY2014Q3 us-gaap Stock Issued During Period Shares Stock Options Exercised
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CY2014Q3 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
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613000000 USD
CY2014Q2 us-gaap Stockholders Equity
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CY2014Q3 us-gaap Stockholders Equity
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CY2014Q2 us-gaap Treasury Stock Shares
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CY2014Q3 us-gaap Treasury Stock Shares Acquired
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CY2013Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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2109000 shares
CY2014Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1595000 shares
CY2013Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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68802000 shares
CY2014Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2013Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2014Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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64668000 shares
CY2014Q3 eat Change In Deferred Income Taxes
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1218000 USD
CY2013Q3 eat Change In Deferred Income Taxes
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1862000 USD
CY2014Q3 eat Company Operated Restaurant Cost Of Sales
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587599000 USD
CY2013Q3 eat Company Operated Restaurant Cost Of Sales
CompanyOperatedRestaurantCostOfSales
567064000 USD
CY2014Q3 eat Franchise Revenue And Other
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24154000 USD
CY2013Q3 eat Franchise Revenue And Other
FranchiseRevenueAndOther
20158000 USD
CY2013Q3 eat Gains And Charges Other
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1006000 USD
CY2014Q3 eat Gains And Charges Other
GainsAndChargesOther
933000 USD
CY2014Q3 eat Increase In Share Repurchase Program
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350000000 USD
CY2014Q3 eat Number Of Territories
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2 Location
CY2014Q3 eat Percentage Increase In Quarterly Dividend Declared
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0.17
CY2013Q3 eat Quantifying Immaterial Errorin Prior Period
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700000 USD
CY2014Q3 eat Restaurant Expenses
RestaurantExpenses
175538000 USD
CY2013Q3 eat Restaurant Expenses
RestaurantExpenses
167690000 USD
CY2013Q3 eat Restaurant Labor
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218716000 USD
CY2014Q3 eat Restaurant Labor
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227276000 USD
CY2014Q3 eat Total Other Assets
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224628000 USD
CY2014Q2 eat Total Other Assets
TotalOtherAssets
223296000 USD
CY2014Q3 eat Total Shareholders Equity Including Treasury Stock
TotalShareholdersEquityIncludingTreasuryStock
2813839000 USD
CY2014Q2 eat Total Shareholders Equity Including Treasury Stock
TotalShareholdersEquityIncludingTreasuryStock
2807537000 USD
CY2014Q3 dei Amendment Flag
AmendmentFlag
false
CY2014Q3 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--06-24
CY2014Q3 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2014Q3 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2015
CY2014Q3 dei Document Period End Date
DocumentPeriodEndDate
2014-09-24
CY2014Q3 dei Document Type
DocumentType
10-Q
CY2014Q3 dei Entity Central Index Key
EntityCentralIndexKey
0000703351
CY2014Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
63555675 shares
CY2014Q3 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2014Q3 dei Entity Registrant Name
EntityRegistrantName
BRINKER INTERNATIONAL INC

Files In Submission

Name View Source Status
0000703351-14-000026-index-headers.html Edgar Link pending
0000703351-14-000026-index.html Edgar Link pending
0000703351-14-000026.txt Edgar Link pending
0000703351-14-000026-xbrl.zip Edgar Link pending
eat-20140924.xml Edgar Link completed
eat-20140924.xsd Edgar Link pending
eat-20140924_cal.xml Edgar Link unprocessable
eat-20140924_def.xml Edgar Link unprocessable
eat-20140924_lab.xml Edgar Link unprocessable
eat-20140924_pre.xml Edgar Link unprocessable
eat2014092410q1.htm Edgar Link pending
eat2014092410q1ex-3.htm Edgar Link pending
eat2014092410q1ex-31a.htm Edgar Link pending
eat2014092410q1ex-31b.htm Edgar Link pending
eat2014092410q1ex-32a.htm Edgar Link pending
eat2014092410q1ex-32b.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
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report.css Edgar Link pending
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