EAT FY 2018 Earnings Report — Brinker International, Inc. Revenue & Financial Results | Market Cap Arena

Brinker International, Inc.EAT

FY 2018 Earnings

Reported August 27, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$3.1B	—	$3.2B	—	-0.5%
Op. Income	$226M	—	-$256M	—	188.3%
Gross Margin	17.5%	—	18.0%	—	-0.6pp
Net Margin	4.0%	—	4.8%	—	-0.8pp
EPS (Diluted)	$2.72	—	$2.94	—	-7.5%
Free Cash Flow	$183M	—	$213M	—	-13.8%

Revenue Flow

Item	Amount
REVENUE	$3.1B
Cost of Revenue	$2.6B
GROSS PROFIT	$548M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$136M
SG&A Expenses	$136M
Other Expenses	$186M
Operating Expenses	$322M
Cost & Expenses	$2.9B
OPERATING INCOME	$226M
Interest Income	$0
Interest Expense	$59M
Other Income/Expenses	-$56M
INCOME BEFORE TAX	$170M
Income Tax Expense	$44M
Net Income from Continuing Ops	$126M
Net Income from Discontinued Ops	$0
Other Adjustments	$18.0K
NET INCOME	$126M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$126M
D&A	$151M
EBIT	$229M
EBITDA	$381M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$3.1B
Cost of Revenue	$2.6B
GROSS PROFIT	$548M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$136M
SG&A Expenses	$136M
Other Expenses	$186M
Operating Expenses	$322M
Cost & Expenses	$2.9B
OPERATING INCOME	$226M
Interest Income	$0
Interest Expense	$59M
Other Income/Expenses	-$56M
INCOME BEFORE TAX	$170M
Income Tax Expense	$44M
Net Income from Continuing Ops	$126M
Net Income from Discontinued Ops	$0
Other Adjustments	$18.0K
NET INCOME	$126M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$126M
D&A	$151M
EBIT	$229M
EBITDA	$381M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$126M
Depreciation & Amortization	$151M
Stock-Based Compensation	$0
Deferred Income Tax	$3M
Other Non-Cash Items	$41M
Change in Working Capital	-$37M
OPERATING CASH FLOW	$284M
Capital Expenditure	-$101M
Acquisitions (Net)	$20M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$4M
NET CASH FROM INVESTING	-$78M
Net Debt Issuance	$166M
Common Stock Repurchased	-$303M
Common Dividends Paid	-$70M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$205M
FREE CASH FLOW	$183M
Net Change in Cash	$2M

Balance Sheet

Item	Amount
Cash & Equivalents	$11M
Short-Term Investments	$0
Net Receivables	$54M
Inventory	$71M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$156M
PP&E (Net)	$939M
Goodwill	$164M
Intangible Assets	$24M
Long-Term Investments	$0
Tax Assets	$34M
Other Non-Current Assets	$31M
TOTAL NON-CURRENT ASSETS	$1.2B
TOTAL ASSETS	$1.3B
Account Payables	$105M
Short-Term Debt	$7M
Deferred Revenue	$119M
Other Current Liabilities	$16M
TOTAL CURRENT LIABILITIES	$434M
Long-Term Debt	$1.5B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$132M
TOTAL NON-CURRENT LIABILITIES	$1.6B
TOTAL LIABILITIES	$2.1B
Common Stock	$18M
Additional Paid-In Capital	$512M
Retained Earnings	$2.7B
Treasury Stock	-$3.9B
Accum. Other Comp. Income	-$6M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	-$718M
Minority Interest	$0
TOTAL EQUITY	-$718M
TOTAL LIABILITIES & EQUITY	$1.3B
Total Debt	$1.5B
Net Debt	$1.5B