Item 6. Selected Financial Data.

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Item 6. Selected Financial Data.

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The following selected financial data set forth should be read in conjunction with, and is qualified by reference to, Management’s Discussion and Analysis of Financial Condition and Results of Operations and the consolidated financial statements and related notes included in this Form 10-K. The selected financial data, with the exception of store counts and same store sales growth, has been derived from the audited consolidated financial statements of Domino’s Pizza, Inc. and subsidiaries. This historical data is not necessarily indicative of results to be expected for any future period.


	Fiscal year ended (5)
(dollars in millions, except per share data)	December 31, 2017 (3)			January 1, 2017			January 3, 2016 (4)			December 28, 2014			December 29, 2013
Income statement data:
Revenues:
Domestic Company-owned stores	$	490.8		$	439.0		$	396.9		$	348.5		$	337.4
Domestic franchise		351.4			312.3			272.8			230.2			212.4

Domestic stores		842.2			751.3			669.7			578.7			549.8
Supply chain		1,739.0			1,544.3			1,383.2			1,262.5			1,118.9
International franchise		206.7			177.0			163.6			152.6			133.6

Total revenues		2,788.0			2,472.6			2,216.5			1,993.8			1,802.2
Cost of sales		1,922.0			1,704.9			1,533.4			1,399.1			1,253.2

Operating margin		866.0			767.7			683.1			594.8			549.0
General and administrative expense		344.8			313.6			277.7			249.4			235.2

Income from operations		521.2			454.0			405.4			345.4			313.8
Interest income		1.5			0.7			0.3			0.1			0.2
Interest expense		(122.5	)		(110.1	)		(99.5	)		(86.9	)		(88.9	)

Income before provision for income taxes		400.2			344.7			306.2			258.6			225.1
Provision for income taxes		122.2			130.0			113.4			96.0			82.1

Net income	$	277.9		$	214.7		$	192.8		$	162.6		$	143.0

Earnings per share:
Common stock – basic	$	6.05		$	4.41		$	3.58		$	2.96		$	2.58
Common stock – diluted		5.83			4.30			3.47			2.86			2.48
Dividends declared per share	$	1.84		$	1.52		$	1.24		$	1.00		$	0.80
Balance sheet data (at end of period):
Cash and cash equivalents	$	35.8		$	42.8		$	133.4		$	30.9		$	14.4
Restricted cash and cash equivalents		191.8			126.5			180.9			121.0			125.5
Working capital (1)		(10.3	)		(34.3	)		45.7			41.8			(28.5	)
Total assets		836.8			716.3			799.8			596.3			496.6
Total debt net of debt issuance cost		3,153.8			2,187.9			2,240.8			1,500.6			1,507.7
Total stockholders’ deficit		(2,735.4	)		(1,883.1	)		(1,800.3	)		(1,219.5	)		(1,290.2	)


	Fiscal year ended (5)
(dollars in millions)	December 31, 2017 (3)			January 1, 2017			January 3, 2016 (4)			December 28, 2014			December 29, 2013
Other financial data:
Depreciation and amortization	$	44.4		$	38.1		$	32.4		$	35.8		$	25.8
Capital expenditures		90.3			61.5			62.4			71.8			40.4
Same store sales growth (2):
Domestic Company-owned stores		8.7	%		10.4	%		12.2	%		6.2	%		3.9	%
Domestic franchise stores		7.6	%		10.5	%		11.9	%		7.7	%		5.5	%

Domestic stores		7.7	%		10.5	%		12.0	%		7.5	%		5.4	%
International stores		3.4	%		6.3	%		7.8	%		6.9	%		6.2	%
Store counts (at end of period):
Domestic Company-owned stores		392			392			384			377			390
Domestic franchise stores		5,195			4,979			4,816			4,690			4,596

Domestic stores		5,587			5,371			5,200			5,067			4,986
International stores		9,269			8,440			7,330			6,562			5,900

Total stores		14,856			13,811			12,530			11,629			10,886

(1)	The working capital amounts exclude restricted cash and cash equivalents amounts of $191.8 million in 2017, $126.5 million in 2016, $180.9 million in 2015, $121.0 million in 2014 and $125.5 million in 2013.

(2)

Same store sales growth is calculated including only sales from stores that also had sales in the comparable period of the prior year. International same store sales growth is calculated similarly to domestic same store sales growth. Changes in international same store sales are reported on a constant dollar basis which reflects changes in international local currency sales. The 53rd week in fiscal 2015 had no impact on reported same store sales growth amounts.

(3)

In connection with our 2017 Recapitalization, the Company issued $1.9 billion of fixed and floating rate notes. A portion of the proceeds from the 2017 Recapitalization was used to repay the remaining $910.2 million in outstanding principal under the 2012 fixed rate notes, pre-fund a portion of the principal and interest payable on the 2017 fixed and floating rate notes and pay transaction fees and expenses. The Company also used a portion of the proceeds from the 2017 Recapitalization to enter into a $1.0 billion accelerated share repurchase agreement to repurchase the Company’s common stock. Refer to Note 4 of the consolidated financial statements for additional detail related to the 2017 Recapitalization.

(4)

In connection with our 2015 Recapitalization, the Company issued $1.3 billion of fixed rate notes. A portion of the proceeds from the 2015 Recapitalization was used to make an optional prepayment of approximately $551.3 million in aggregate principal amount of its 2012 fixed rate notes, at par, pay scheduled principal catch-up amounts on its 2012 fixed rate notes, make an interest reserve deposit, pre-fund a portion of the principal and interest payable on the 2015 fixed rate notes and pay transaction fees and expenses. The Company also used a portion of the proceeds from the 2015 Recapitalization to enter into a $600.0 million accelerated share repurchase agreement to repurchase the Company’s common stock. Refer to Note 4 of the consolidated financial statements for additional detail related to the 2015 Recapitalization.

(5)	The 2015 fiscal year includes 53 weeks and the 2017, 2016, 2014 and 2013 fiscal years each include 52 weeks.

Previous: Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities. · Next: Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

Item 6. Selected Financial Data.

Item 6. Selected Financial Data.

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