ANN ARBOR, Mich., April 23, 2015 /PRNewswire/ -- Domino's Pizza,
Inc. (NYSE: DPZ), the recognized world leader in pizza
delivery, today announced results for the first quarter of 2015,
comprised of strong same store sales results and store count
growth, which resulted in robust EPS growth. Domestic same store
sales grew 14.5% during the quarter versus the year-ago period,
continuing the positive sales momentum in the Company's domestic
business. The international division also posted strong results
with quarterly same store sales growth of 7.8%, marking the
85th consecutive quarter of international same store
sales growth. The Company had global net store growth of 110 stores
in the first quarter of 2015.
Diluted EPS was 81 cents for the
first quarter, which was up 14.1% over the Company's reported EPS
in the prior year quarter, and up 19.1% over the Company's adjusted
EPS in the prior year quarter. During the quarter, the Company
repurchased 290,877 shares of its common stock for approximately
$29.5 million. The Board of Directors
also declared a 31-cent per share
quarterly dividend for shareholders of record as of June 15, 2015, to be paid on June 30, 2015.
J. Patrick Doyle, Domino's
President and Chief Executive Officer, said: "We had an
outstanding start to 2015. Strong global sales, store growth and
technology advancements all demonstrated the fundamental strength
of the Domino's brand."
First Quarter Highlights:
(dollars in
millions, except per share data)
|
|
First
Quarter
of
2015
|
|
|
First
Quarter
of
2014
|
|
Net
income
|
|
$
|
46.3
|
|
|
$
|
40.5
|
|
Weighted average
diluted shares
|
|
|
57,013,552
|
|
|
|
57,372,471
|
|
Diluted earnings
per share, as reported
|
|
$
|
0.81
|
|
|
$
|
0.71
|
|
Items affecting
comparability*
|
|
|
—
|
|
|
|
(0.02)
|
|
Diluted earnings
per share, as adjusted*
|
|
$
|
0.81
|
|
|
$
|
0.68
|
|
|
|
*
|
Refer to the Items
Affecting Comparability section on page three for additional
details. Diluted earnings per share figures may not sum to
the total due to the rounding of each individual
calculation.
|
- Revenues were up 10.6% for the first quarter versus the
prior year period, due primarily to higher supply chain revenues
from increased volumes and increased sales of equipment to stores
in connection with the Company's store reimaging program. Increased
domestic franchise and Company-owned store revenues and higher
international revenues resulting from both same store sales and
store count growth also contributed to this increase.
- Net Income was up 14.4% for the first quarter versus the
prior year period, driven by domestic and international same store
sales growth, global store count growth and higher supply chain
volumes. This was offset in part by the negative impact of foreign
currency exchange rates.
- Diluted EPS was 81 cents
for the first quarter versus 71 cents
in the prior year quarter. The diluted EPS of 81 cents for the quarter was 13 cents, or 19.1% higher than the prior year
quarter's adjusted EPS of 68 cents.
(See the Items Affecting Comparability section on page three
and the Comments on Regulation G section on page four.)
The table below outlines certain statistical measures utilized
by the Company to analyze its performance. Refer to the
Comments on Regulation G section on page four for additional
details.
|
|
First
Quarter
of
2015
|
|
|
First
Quarter
of
2014
|
|
Same store sales
growth: (versus prior year period)
|
|
|
|
|
|
|
|
|
Domestic Company-owned
stores
|
|
|
+ 15.9
|
%
|
|
|
+ 1.5
|
%
|
Domestic franchise
stores
|
|
|
+ 14.4
|
%
|
|
|
+ 5.2
|
%
|
Domestic
stores
|
|
|
+ 14.5
|
%
|
|
|
+ 4.9
|
%
|
International stores
(excluding foreign currency impact)
|
|
|
+ 7.8
|
%
|
|
|
+ 7.4
|
%
|
|
|
|
|
|
|
|
|
|
Global retail
sales growth: (versus prior year period)
|
|
|
|
|
|
|
|
|
Domestic
stores
|
|
|
+ 16.5
|
%
|
|
|
+ 6.3
|
%
|
International
stores
|
|
|
+ 5.0
|
%
|
|
|
+ 11.7
|
%
|
Total
|
|
|
+ 10.4
|
%
|
|
|
+ 9.1
|
%
|
|
|
|
|
|
|
|
|
|
Global retail
sales growth: (versus prior year period,
excluding foreign currency impact)
|
|
|
|
|
|
|
|
|
Domestic
stores
|
|
|
+ 16.5
|
%
|
|
|
+ 6.3
|
%
|
International
stores
|
|
|
+ 16.4
|
%
|
|
|
+ 15.9
|
%
|
Total
|
|
|
+ 16.4
|
%
|
|
|
+ 11.3
|
%
|
|
|
Domestic
Company-
owned
Stores
|
|
|
Domestic
Franchise
Stores
|
|
|
Total
Domestic
Stores
|
|
|
International
Stores
|
|
|
Total
|
|
Store
counts:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Store count at
December 28, 2014
|
|
|
377
|
|
|
|
4,690
|
|
|
|
5,067
|
|
|
|
6,562
|
|
|
|
11,629
|
|
Openings
|
|
|
2
|
|
|
|
20
|
|
|
|
22
|
|
|
|
140
|
|
|
|
162
|
|
Closings
|
|
|
—
|
|
|
|
(5)
|
|
|
|
(5)
|
|
|
|
(47)
|
|
|
|
(52)
|
|
Store count at March
22, 2015
|
|
|
379
|
|
|
|
4,705
|
|
|
|
5,084
|
|
|
|
6,655
|
|
|
|
11,739
|
|
First quarter 2015 net
change
|
|
|
2
|
|
|
|
15
|
|
|
|
17
|
|
|
|
93
|
|
|
|
110
|
|
Trailing four quarters
net change
|
|
|
3
|
|
|
|
90
|
|
|
|
93
|
|
|
|
658
|
|
|
|
751
|
|
Conference Call Information
The Company will file its quarterly report on Form 10-Q this
morning. As previously announced, Domino's Pizza, Inc. will
hold a conference call today at 10
a.m. (Eastern) to review its first quarter 2015 financial
results. The call can be accessed by dialing (888) 400-9978
(U.S./Canada) or (706) 634-4947
(International). Ask for the Domino's Pizza conference call. The
call will also be webcast at biz.dominos.com. If you are unable to
participate on the call, a replay will be available for thirty days
by dialing (855) 859-2056 (U.S./Canada) or (404) 537-3406 (International),
Conference ID 71614586. The webcast will also be archived for 30
days on biz.dominos.com.
Share Repurchases
During the first quarter of 2015, the Company repurchased and
retired 290,877 shares of its common stock under its open market
share repurchase program for approximately $29.5 million, or an average price of
$101.46 per share. Subsequent to the
first quarter of 2015 and through April 16,
2015, the Company repurchased and retired 177,695 shares of
its common stock for approximately $18.0
million, or an average of $101.49 per share. As of April 16, 2015, the Company had approximately
$85.2 million remaining under the
program.
Dividends
On April 21, 2015, the Board of
Directors declared a 31 cent per
share quarterly dividend for shareholders of record as of
June 15, 2015, to be paid on
June 30, 2015.
Items Affecting Comparability
The Company's reported financial results for the first quarter
of 2015 are not comparable to the reported financial results for
the equivalent period in 2014. The table below presents certain
items that affect comparability between 2015 and 2014 financial
results. The Company believes that including such information is
critical to the understanding of its financial results for the
first quarter of 2015 as compared to the same period in 2014 (See
the Comments on Regulation G section on page four for
additional details).
|
|
First Quarter of
2014
|
|
(in thousands,
except per share data)
|
|
Pre-tax
|
|
|
After-tax
|
|
|
Diluted
EPS
Impact
|
|
2014 items
affecting comparability:
|
|
|
|
|
|
|
|
|
|
|
|
|
Gain on the sale of
Company-owned stores (1)
|
|
$
|
1,652
|
|
|
$
|
1,033
|
|
|
$
|
0.02
|
|
Deferred tax asset
valuation allowance reversal (2)
|
|
|
—
|
|
|
|
329
|
|
|
|
0.01
|
|
Total of 2014
items*
|
|
$
|
1,652
|
|
|
$
|
1,362
|
|
|
$
|
0.02
|
|
|
|
*
|
Diluted earnings per
share figures may not sum to the total due to the rounding of
each individual calculation.
|
(1)
|
Represents the gain
recognized on the sale of 14 Company-owned stores to a franchisee.
The gain is net of a reduction in goodwill of approximately $0.5
million.
|
(2)
|
As a result of the
capital gain recognized in connection with the sale of
Company-owned stores, the Company was able to utilize a portion of
a previously unrecognized benefit of a capital loss carry
forward.
|
Liquidity
As of March 22, 2015, the Company
had approximately:
- $75.0 million of unrestricted
cash and cash equivalents;
- $1.53 billion in total debt;
and
- $55.9 million of available
borrowings under its $100.0 million
variable funding notes, net of letters of credit issued of
$44.1 million. The Company has
collateralized these letters of credit with restricted cash, and
has the ability to access this cash with minimal notice.
The Company's cash borrowing rate averaged 5.3% in both the
first quarter of 2015 and the first quarter of 2014. Additionally,
the Company invested $7.6 million in
capital expenditures during the first quarter of 2015, versus
$6.6 million in the first quarter of
2014.
Free cash flow, as reconciled below to cash flows from
operations as determined under generally accepted accounting
principles (GAAP), was approximately $77.1
million in the first quarter of 2015.
(in
thousands)
|
|
First
Quarter
of
2015
|
|
Net cash provided by
operating activities
|
|
$
|
84,745
|
|
Capital
expenditures
|
|
|
(7,600)
|
|
Free cash
flow
|
|
$
|
77,145
|
|
Comments on Regulation G
In addition to the GAAP financial measures set forth in this
press release, the Company has included non-GAAP financial measures
within the meaning of Regulation G due to items affecting
comparability between fiscal quarters. The Company has also
included metrics such as global retail sales growth and same store
sales growth, which are commonly used statistical measures in the
quick-service restaurant industry that are important to
understanding Company performance.
The Company uses "Diluted EPS, as adjusted," which is
calculated as reported Diluted EPS adjusted for the items that
affect comparability to the prior year period discussed above. The
most directly comparable financial measure calculated and presented
in accordance with GAAP is Diluted EPS. The Company believes that
the Diluted EPS, as adjusted measure is important and useful to
investors and other interested persons and that such persons
benefit from having a consistent basis for comparison between
reporting periods. The Company uses Diluted EPS, as adjusted to
internally evaluate operating performance, to evaluate itself
against its peers and to determine future performance targets and
long-range planning. Additionally, the Company believes that
analysts covering the Company's stock performance generally
eliminate these items affecting comparability when preparing their
financial models, when determining their published EPS estimates
and when benchmarking the Company against its competitors.
The Company uses "Global retail sales" to refer to total
worldwide retail sales at Company-owned and franchise stores. The
Company believes global retail sales information is useful in
analyzing revenues because franchisees pay royalties that are based
on a percentage of franchise retail sales. The Company reviews
comparable industry global retail sales information to assess
business trends and to track the growth of the Domino's
Pizza® brand. In addition, domestic supply chain
revenues are directly impacted by changes in domestic franchise
retail sales. Retail sales for franchise stores are reported to the
Company by its franchisees and are not included in Company
revenues.
The Company uses "Same store sales growth," calculated by
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 excluding
foreign currency impacts, which reflect changes in international
local currency sales.
The Company uses "Free cash flow," calculated as cash
flows from operations less capital expenditures, both as reported
under GAAP. The Company believes that the free cash flow measure is
important to investors and other interested persons, and that such
persons benefit from having a measure which communicates how much
cash flow is available for working capital needs or to be used for
repurchasing debt, making acquisitions, repurchasing common stock,
paying dividends or other similar uses of cash.
About Domino's Pizza®
Founded in 1960, Domino's Pizza is the recognized world leader
in pizza delivery and digital ordering technology, with a
significant business in carryout pizza. It ranks among the world's
top public restaurant brands with a global enterprise of more than
11,700 stores in over 75 international markets. Domino's had global
retail sales of over $8.9 billion in
2014, comprised of more than $4.1
billion in the U.S. and nearly $4.8
billion internationally. In the first quarter of 2015,
Domino's had global retail sales of over $2.2 billion, comprised of $1.1 billion in the U.S. and $1.1 billion internationally. Its system is
comprised of franchise owners who accounted for nearly 97% of
Domino's Pizza stores as of the first quarter of 2015. Emphasis on
technology innovation helped Domino's generate approximately 50% of
U.S. sales from digital channels at the end of 2014, and reach an
estimated run rate of $4 billion
annually in global digital sales. Domino's features an ordering app
lineup that covers nearly 95% of the U.S. smartphone market and, in
June 2014, debuted voice ordering for
its iPhone® and Android™ apps, a true
technology first within traditional and e-commerce retail.
Order – www.dominos.com
Mobile – http://mobile.dominos.com
Digital Info – anyware.dominos.com
Company Info – biz.dominos.com
Twitter – http://twitter.com/dominos
Facebook – http://www.facebook.com/dominos
YouTube – http://www.youtube.com/dominos
Please visit our Investor Relations website at biz.dominos.com
to view a schedule of upcoming earnings releases, significant
announcements and conference webcasts.
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION
REFORM ACT OF 1995:
This press release contains forward-looking statements. You can
identify forward-looking statements because they contain words such
as "believes," "expects," "may," "will," "should," "seeks,"
"approximately," "intends," "plans," "estimates," or "anticipates"
or similar expressions that concern our strategy, plans or
intentions. These forward-looking statements relating to our
anticipated profitability, estimates in same store sales growth,
the growth of our international business, ability to service our
indebtedness, our future cash flows, our operating performance,
trends in our business and other descriptions of future events
reflect the Company's expectations based upon currently available
information and data. However, actual results are subject to future
risks and uncertainties that could cause actual results to differ
materially from those expressed or implied by such forward-looking
statements. The risks and uncertainties that could cause actual
results to differ materially include: the level of our long-term
and other indebtedness; uncertainties relating to litigation;
consumer preferences, spending patterns and demographic trends; the
effectiveness of our advertising, operations and promotional
initiatives; the strength of our brand in the markets in which we
compete; our ability to retain key personnel; new product, digital
ordering and concept developments by us, and other food-industry
competitors; the ongoing level of profitability of our franchisees;
and our ability and that of our franchisees to open new restaurants
and keep existing restaurants in operation; changes in food prices,
particularly cheese, labor, utilities, insurance, employee benefits
and other operating costs; the impact that widespread illness or
general health concerns may have on our business and the economy of
the countries where we operate; severe weather conditions and
natural disasters; changes in our effective tax rate; changes in
foreign currency exchange rates; changes in government legislation
and regulations; adequacy of our insurance coverage; costs related
to future financings; our ability and that of our franchisees to
successfully operate in the current credit environment; changes in
the level of consumer spending given the general economic
conditions including interest rates, energy prices and weak
consumer confidence; availability of borrowings under our variable
funding notes and our letters of credit; and changes in accounting
policies. Important factors that could cause actual results to
differ materially from our expectations are more fully described in
our other filings with the Securities and Exchange Commission,
including under the section headed "Risk Factors" in our annual
report on Form 10-K. These forward-looking statements speak only as
of the date of this press release, and you should not rely on such
statements as representing the views of the Company as of any
subsequent date. Except as required by applicable securities laws,
we do not undertake to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
TABLES TO
FOLLOW
|
Domino's Pizza,
Inc. and Subsidiaries
|
Condensed
Consolidated Statements of Income
|
(Unaudited)
|
|
|
|
Fiscal Quarter
Ended
|
|
|
|
March
22,
2015
|
|
|
%
of
Total
Revenues
|
|
|
March
23,
2014
|
|
|
%
of
Total
Revenues
|
|
(In thousands, except
per share data)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Domestic Company-owned
stores
|
|
$
|
92,375
|
|
|
|
|
|
|
$
|
82,457
|
|
|
|
|
|
Domestic
franchise
|
|
|
61,774
|
|
|
|
|
|
|
|
53,421
|
|
|
|
|
|
Supply
chain
|
|
|
311,656
|
|
|
|
|
|
|
|
284,334
|
|
|
|
|
|
International
|
|
|
36,222
|
|
|
|
|
|
|
|
33,640
|
|
|
|
|
|
Total
revenues
|
|
|
502,027
|
|
|
|
100.0
|
%
|
|
|
453,852
|
|
|
|
100.0
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of
sales:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Domestic Company-owned
stores
|
|
|
68,152
|
|
|
|
|
|
|
|
62,791
|
|
|
|
|
|
Supply
chain
|
|
|
276,809
|
|
|
|
|
|
|
|
254,019
|
|
|
|
|
|
Total cost of
sales
|
|
|
344,961
|
|
|
|
68.7
|
%
|
|
|
316,810
|
|
|
|
69.8
|
%
|
Operating
margin
|
|
|
157,066
|
|
|
|
31.3
|
%
|
|
|
137,042
|
|
|
|
30.2
|
%
|
General and
administrative
|
|
|
62,813
|
|
|
|
12.5
|
%
|
|
|
52,867
|
|
|
|
11.6
|
%
|
Income from
operations
|
|
|
94,253
|
|
|
|
18.8
|
%
|
|
|
84,175
|
|
|
|
18.6
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense,
net
|
|
|
(20,071)
|
|
|
|
(4.0)%
|
|
|
|
(20,295)
|
|
|
|
(4.5)%
|
|
Income before
provision for income taxes
|
|
|
74,182
|
|
|
|
14.8
|
%
|
|
|
63,880
|
|
|
|
14.1
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Provision for income
taxes
|
|
|
27,893
|
|
|
|
5.6
|
%
|
|
|
23,406
|
|
|
|
5.2
|
%
|
Net income
|
|
$
|
46,289
|
|
|
|
9.2
|
%
|
|
$
|
40,474
|
|
|
|
8.9
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings per
share:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Common stock –
diluted
|
|
$
|
0.81
|
|
|
|
|
|
|
$
|
0.71
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dividends declared
per share
|
|
$
|
0.31
|
|
|
|
|
|
|
$
|
0.25
|
|
|
|
|
|
Domino's Pizza,
Inc. and Subsidiaries
|
Condensed
Consolidated Balance Sheets
|
(Unaudited)
|
|
|
|
March 22,
2015
|
|
|
December 28,
2014
|
|
(In
thousands)
|
|
|
|
|
|
|
|
|
Assets
|
|
|
|
|
|
|
|
|
Current
assets:
|
|
|
|
|
|
|
|
|
Cash and cash
equivalents
|
|
$
|
74,991
|
|
|
$
|
30,855
|
|
Restricted cash and
cash equivalents
|
|
|
121,533
|
|
|
|
120,954
|
|
Accounts
receivable
|
|
|
118,085
|
|
|
|
118,395
|
|
Inventories
|
|
|
37,899
|
|
|
|
37,944
|
|
Advertising fund
assets, restricted
|
|
|
72,555
|
|
|
|
72,055
|
|
Other
assets
|
|
|
20,978
|
|
|
|
48,158
|
|
Total current
assets
|
|
|
446,041
|
|
|
|
428,361
|
|
|
|
|
|
|
|
|
|
|
Property, plant and
equipment, net
|
|
|
114,744
|
|
|
|
114,046
|
|
|
|
|
|
|
|
|
|
|
Other
assets
|
|
|
76,196
|
|
|
|
76,873
|
|
|
|
|
|
|
|
|
|
|
Total
assets
|
|
$
|
636,981
|
|
|
$
|
619,280
|
|
|
|
|
|
|
|
|
|
|
Liabilities and
stockholders' deficit
|
|
|
|
|
|
|
|
|
Current
liabilities:
|
|
|
|
|
|
|
|
|
Current portion of
long-term debt
|
|
$
|
234
|
|
|
$
|
565
|
|
Accounts
payable
|
|
|
88,323
|
|
|
|
86,552
|
|
Dividends
payable
|
|
|
17,579
|
|
|
|
14,351
|
|
Advertising fund
liabilities
|
|
|
72,555
|
|
|
|
72,055
|
|
Other accrued
liabilities
|
|
|
96,622
|
|
|
|
92,085
|
|
Total current
liabilities
|
|
|
275,313
|
|
|
|
265,608
|
|
|
|
|
|
|
|
|
|
|
Long-term
liabilities:
|
|
|
|
|
|
|
|
|
Long-term debt, less
current portion
|
|
|
1,527,202
|
|
|
|
1,523,546
|
|
Other accrued
liabilities
|
|
|
48,044
|
|
|
|
49,591
|
|
Total long-term
liabilities
|
|
|
1,575,246
|
|
|
|
1,573,137
|
|
|
|
|
|
|
|
|
|
|
Total stockholders'
deficit
|
|
|
(1,213,578)
|
|
|
|
(1,219,465)
|
|
|
|
|
|
|
|
|
|
|
Total liabilities and
stockholders' deficit
|
|
$
|
636,981
|
|
|
$
|
619,280
|
|
Domino's Pizza,
Inc. and Subsidiaries
|
Condensed
Consolidated Statements of Cash Flows
|
(Unaudited)
|
|
|
|
Fiscal Quarter
Ended
|
|
|
|
March
22,
2015
|
|
|
March
23,
2014
|
|
(In
thousands)
|
|
|
|
|
|
|
|
|
Cash flows from
operating activities:
|
|
|
|
|
|
|
|
|
Net income
|
|
$
|
46,289
|
|
|
$
|
40,474
|
|
Adjustments to
reconcile net income to net cash flows provided by
operating
activities:
|
|
|
|
|
|
|
|
|
Depreciation and
amortization
|
|
|
7,347
|
|
|
|
6,421
|
|
(Gain) loss on
sale/disposal of assets
|
|
|
150
|
|
|
|
(1,556)
|
|
Amortization of
deferred financing costs
|
|
|
1,274
|
|
|
|
1,390
|
|
Provision for deferred
income taxes
|
|
|
198
|
|
|
|
700
|
|
Non-cash compensation
expense
|
|
|
4,466
|
|
|
|
4,455
|
|
Tax impact from
equity-based compensation
|
|
|
(4,677)
|
|
|
|
(7,834)
|
|
Other
|
|
|
74
|
|
|
|
45
|
|
Changes in operating
assets and liabilities
|
|
|
29,624
|
|
|
|
(7,891)
|
|
Net cash provided by
operating activities
|
|
|
84,745
|
|
|
|
36,204
|
|
|
|
|
|
|
|
|
|
|
Cash flows from
investing activities:
|
|
|
|
|
|
|
|
|
Capital
expenditures
|
|
|
(7,600)
|
|
|
|
(6,561)
|
|
Proceeds from sale of
assets
|
|
|
6,789
|
|
|
|
3,906
|
|
Changes in restricted
cash
|
|
|
(579)
|
|
|
|
16,827
|
|
Other
|
|
|
1,556
|
|
|
|
(279)
|
|
Net cash provided by
investing activities
|
|
|
166
|
|
|
|
13,893
|
|
|
|
|
|
|
|
|
|
|
Cash flows from
financing activities:
|
|
|
|
|
|
|
|
|
Repayments of
long-term debt and capital lease obligations
|
|
|
(103)
|
|
|
|
(6,032)
|
|
Proceeds from exercise
of stock options
|
|
|
1,196
|
|
|
|
2,458
|
|
Tax impact from
equity-based compensation
|
|
|
4,677
|
|
|
|
7,834
|
|
Purchases of common
stock
|
|
|
(29,512)
|
|
|
|
(15,131)
|
|
Tax payments for
restricted stock upon vesting
|
|
|
(3,632)
|
|
|
|
(4,308)
|
|
Payments of common
stock dividends and equivalents
|
|
|
(13,965)
|
|
|
|
(11,053)
|
|
Net cash used in
financing activities
|
|
|
(41,339)
|
|
|
|
(26,232)
|
|
|
|
|
|
|
|
|
|
|
Effect of exchange
rate changes on cash and cash equivalents
|
|
|
564
|
|
|
|
128
|
|
|
|
|
|
|
|
|
|
|
Change in cash and
cash equivalents
|
|
|
44,136
|
|
|
|
23,993
|
|
|
|
|
|
|
|
|
|
|
Cash and cash
equivalents, at beginning of period
|
|
|
30,855
|
|
|
|
14,383
|
|
|
|
|
|
|
|
|
|
|
Cash and cash
equivalents, at end of period
|
|
$
|
74,991
|
|
|
$
|
38,376
|
|
Logo -
http://photos.prnewswire.com/prnh/20120814/DE55948LOGO-b
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/dominos-pizza-announces-first-quarter-2015-financial-results-300070718.html
SOURCE Domino's Pizza, Inc.