EAT FY 2013 Earnings Report — Brinker International, Inc. Revenue & Financial Results | Market Cap Arena

Brinker International, Inc.EAT

FY 2013 Earnings

Reported August 26, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$2.8B	—	$2.8B	—	1.0%
Op. Income	$257M	—	$232M	—	10.8%
Gross Margin	19.0%	—	18.1%	—	0.9pp
Net Margin	5.7%	—	5.4%	—	0.4pp
EPS (Diluted)	$2.20	—	$1.87	—	17.6%
Free Cash Flow	$159M	—	$178M	—	-10.7%

Revenue Flow

Item	Amount
REVENUE	$2.8B
Cost of Revenue	$2.3B
GROSS PROFIT	$540M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$135M
SG&A Expenses	$135M
Other Expenses	$149M
Operating Expenses	$283M
Cost & Expenses	$2.6B
OPERATING INCOME	$257M
Interest Income	$0
Interest Expense	$29M
Other Income/Expenses	-$26M
INCOME BEFORE TAX	$230M
Income Tax Expense	$67M
Net Income from Continuing Ops	$163M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$163M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$163M
D&A	$131M
EBIT	$259M
EBITDA	$391M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$2.8B
Cost of Revenue	$2.3B
GROSS PROFIT	$540M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$135M
SG&A Expenses	$135M
Other Expenses	$149M
Operating Expenses	$283M
Cost & Expenses	$2.6B
OPERATING INCOME	$257M
Interest Income	$0
Interest Expense	$29M
Other Income/Expenses	-$26M
INCOME BEFORE TAX	$230M
Income Tax Expense	$67M
Net Income from Continuing Ops	$163M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$163M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$163M
D&A	$131M
EBIT	$259M
EBITDA	$391M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$163M
Depreciation & Amortization	$131M
Stock-Based Compensation	$16M
Deferred Income Tax	-$5M
Other Non-Cash Items	$6M
Change in Working Capital	-$21M
OPERATING CASH FLOW	$291M
Capital Expenditure	-$132M
Acquisitions (Net)	-$7M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$1M
NET CASH FROM INVESTING	-$138M
Net Debt Issuance	$187M
Common Stock Repurchased	-$333M
Common Dividends Paid	-$56M
Other Financing Activities	$9M
NET CASH FROM FINANCING	-$153M
FREE CASH FLOW	$159M
Net Change in Cash	$264.0K

Balance Sheet

Item	Amount
Cash & Equivalents	$59M
Short-Term Investments	$0
Net Receivables	$49M
Inventory	$25M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$199M
PP&E (Net)	$1.0B
Goodwill	$142M
Intangible Assets	$11M
Long-Term Investments	$0
Tax Assets	$24M
Other Non-Current Assets	$41M
TOTAL NON-CURRENT ASSETS	$1.3B
TOTAL ASSETS	$1.5B
Account Payables	$93M
Short-Term Debt	$28M
Deferred Revenue	$92M
Other Current Liabilities	$845.0K
TOTAL CURRENT LIABILITIES	$391M
Long-Term Debt	$780M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$132M
TOTAL NON-CURRENT LIABILITIES	$912M
TOTAL LIABILITIES	$1.3B
Common Stock	$18M
Additional Paid-In Capital	$477M
Retained Earnings	$2.2B
Treasury Stock	-$2.6B
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$149M
Minority Interest	$0
TOTAL EQUITY	$149M
TOTAL LIABILITIES & EQUITY	$1.5B
Total Debt	$808M
Net Debt	$748M