Stock Analysis on Net

Chipotle Mexican Grill Inc. (NYSE:CMG)

Income Statement 

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Chipotle Mexican Grill Inc., consolidated income statement

US$ in thousands

Microsoft Excel
12 months ended: Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Food and beverage revenue 9,804,124 8,558,001 7,457,169 5,920,545 5,561,036
Delivery service revenue 67,525 76,651 89,892 64,089 25,333
Revenue 9,871,649 8,634,652 7,547,061 5,984,634 5,586,369
Food, beverage and packaging (2,912,564) (2,602,245) (2,308,631) (1,932,766) (1,847,916)
Labor (2,440,982) (2,197,958) (1,917,761) (1,593,013) (1,472,060)
Occupancy (503,264) (460,425) (416,606) (387,762) (363,072)
Other operating costs (1,428,747) (1,311,905) (1,197,054) (1,030,012) (760,831)
Restaurant operating costs, exclusive of depreciation and amortization (7,285,557) (6,572,533) (5,840,052) (4,943,553) (4,443,879)
Gross profit 2,586,092 2,062,119 1,707,009 1,041,081 1,142,490
General and administrative expenses (633,584) (564,191) (606,854) (466,291) (451,552)
Depreciation and amortization (319,394) (286,826) (254,657) (238,534) (212,778)
Pre-opening costs (36,931) (29,560) (21,264) (15,515) (11,108)
Impairment, closure costs, and asset disposals (38,370) (21,139) (19,291) (30,577) (23,094)
Income from operations 1,557,813 1,160,403 804,943 290,164 443,958
Interest and other income, net 62,693 21,128 7,820 3,617 14,327
Income before income taxes 1,620,506 1,181,531 812,763 293,781 458,285
(Provision) benefit for income taxes (391,769) (282,430) (159,779) 61,985 (108,127)
Net income 1,228,737 899,101 652,984 355,766 350,158

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Income statement item Description The company
Revenue Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Chipotle Mexican Grill Inc. revenue increased from 2021 to 2022 and from 2022 to 2023.
Income from operations The net result for the period of deducting operating expenses from operating revenues. Chipotle Mexican Grill Inc. income from operations increased from 2021 to 2022 and from 2022 to 2023.
Income before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Chipotle Mexican Grill Inc. income before income taxes increased from 2021 to 2022 and from 2022 to 2023.
Net income The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Chipotle Mexican Grill Inc. net income increased from 2021 to 2022 and from 2022 to 2023.