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LANDRYS RESTAURANTS INC (LNY)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-10Dec-31-09Dec-31-08Dec-31-07Dec-31-06Dec-31-05Dec-31-04Dec-31-03
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues:  
    Unit level profit  239.0236.2244.0236.6216.5169.1147.5 
    Restaurant and Hospitality  190.5192.7181.2172.6167.8157.3147.5189.4
    Gaming  48.543.562.864.048.711.8  
    Other  645.8587.9655.8687.2669.0539.0510.0916.3
Total revenues  1,123.81,060.21,143.91,160.41,102.0877.3804.91,105.8
            Revenue growth   [+]6.0%-7.3%-1.4%5.3%25.6%9.0%-27.2%23.6%
Cost of goods sold  216.4205.6230.5241.8237.1227.8225.4321.8
Gross profit  907.4854.7913.4918.6864.9649.5579.5784.0
            Gross margin  80.7%80.6%79.8%79.2%78.5%74.0%72.0%70.9%
Selling, general and administrative   [+]132.5103.3110.2122.7117.247.448.451.7
EBITDA   [+]162.3187.8188.6178.7167.7138.5112.4115.9
            EBITDA margin  14.4%17.7%16.5%15.4%15.2%15.8%14.0%10.5%
Depreciation and amortization  77.672.070.966.673.363.557.349.1
EBIT   [+]84.7115.7117.8112.194.575.055.166.8
            EBIT margin  7.5%10.9%10.3%9.7%8.6%8.5%6.8%6.0%
Non-recurring items  -0.9-2.1-0.1-18.9-2.3   
Interest expense  118.3150.379.872.349.131.210.89.6
Other income (expense), net  25.615.4-17.0-17.10.10.0-13.2-1.5
Pre-tax income  -7.1-17.121.041.547.843.731.155.8
Income taxes  1.5-9.87.214.213.413.7-9.510.9
            Tax rate   57.3%34.5%34.3%28.0%31.4% 19.5%
Minority interest  1.01.00.3-0.4    
Earnings from continuing ops  -8.6-7.313.727.334.430.040.744.9
Earnings from discontinued ops  -0.1-0.2-10.6-9.6-56.114.825.9 
Net income  -8.8-7.53.217.7-21.844.866.544.9
            Net margin  -0.8%-0.7%0.3%1.5%-2.0%5.1%8.3%4.1%
   
Basic EPS   [+] ($0.45)$0.85$0.00$1.61$1.35$1.51$1.63
Diluted EPS   [+] ($0.45)$0.85$0.00$1.56$1.30$1.51$1.63
   
Shares outstanding (basic)   [+] 16.116.119,735.021.322.327.027.6
Shares outstanding (diluted)   [+] 16.116.120,235.022.023.027.027.6
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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