ANN ARBOR, Mich., July 21, 2016 /PRNewswire/ -- Domino's
Pizza, Inc. (NYSE: DPZ), the recognized world leader in pizza
delivery, today announced results for the second quarter of 2016,
comprised of growth in same store sales, global store counts and
diluted earnings per share. Domestic same store sales grew 9.7%
during the quarter versus the year-ago period, continuing the
21-quarter positive sales momentum in the U.S. business. The
international division also posted strong results with quarterly
same store sales growth of 7.1%, marking the 90th
consecutive quarter of international same store sales growth. The
Company had global net store growth of 244 stores in the quarter,
and 1,011 net new stores over the trailing four quarters.
Diluted EPS was 98 cents for the
second quarter, which was up 21.0% over the Company's diluted EPS
in the prior year quarter. During the quarter, the Company
repurchased 1,845,126 shares of its common stock for approximately
$224.1 million. The Board of
Directors also declared a 38-cent per
share quarterly dividend for shareholders of record as of
September 15, 2016, to be paid on
September 30, 2016.
J. Patrick Doyle, Domino's
President and Chief Executive Officer, said: "I am pleased with
our impressive top and bottom line results during the second
quarter, and the performance of our franchisees in the U.S. and
across the globe. The business continued to progress in a very
positive direction."
Second Quarter Highlights:
(dollars in
millions, except per share data)
|
|
Second
Quarter
of
2016
|
|
|
Second
Quarter
of
2015
|
|
|
Two
Fiscal
Quarters
of
2016
|
|
|
Two
Fiscal
Quarters
of
2015
|
|
Net
income
|
|
$
|
49.3
|
|
|
$
|
45.9
|
|
|
$
|
94.7
|
|
|
$
|
92.2
|
|
Weighted average
diluted shares
|
|
|
50,459,754
|
|
|
|
56,628,237
|
|
|
|
50,846,941
|
|
|
|
56,820,743
|
|
Diluted earnings
per share
|
|
$
|
0.98
|
|
|
$
|
0.81
|
|
|
$
|
1.86
|
|
|
$
|
1.62
|
|
- Revenues were up 12.0% for the second quarter versus the
prior year period, due primarily to higher supply chain revenues
from increased volumes and store growth. 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 increased 7.3% for the second quarter versus
the prior year period, due primarily to higher consolidated
operating margins driven by the increase in sales and store growth.
Higher general and administrative expenses and higher interest
expense as a result of the Company's 2015 recapitalization
partially offset this increase.
- Diluted EPS was 98 cents
for the second quarter versus 81
cents in the prior year quarter. This represents a
17-cent or 21.0% increase over the
prior year quarter. This increase was driven by the aforementioned
operating results as well as lower diluted share counts, primarily
as a result of the share repurchases made during the trailing four
quarters.
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 three for
additional details.
|
|
Second Quarter of
2016
|
|
Second Quarter of
2015
|
Same store sales
growth: (versus prior year period)
|
|
|
|
|
|
|
|
|
Domestic Company-owned
stores
|
|
|
+ 9.1
|
%
|
|
|
+ 12.5
|
%
|
Domestic franchise
stores
|
|
|
+ 9.8
|
%
|
|
|
+ 12.8
|
%
|
Domestic
stores
|
|
|
+ 9.7
|
%
|
|
|
+ 12.8
|
%
|
International stores
(excluding foreign currency impact)
|
|
|
+ 7.1
|
%
|
|
|
+ 6.7
|
%
|
|
|
|
|
|
|
|
|
|
Global retail
sales growth: (versus prior year period)
|
|
|
|
|
|
|
|
|
Domestic
stores
|
|
|
+ 11.8
|
%
|
|
|
+ 14.9
|
%
|
International
stores
|
|
|
+ 11.5
|
%
|
|
|
+ 1.3
|
%
|
Total
|
|
|
+ 11.7
|
%
|
|
|
+ 7.5
|
%
|
|
|
|
|
|
|
|
|
|
Global retail
sales growth: (versus prior year period,
excluding foreign currency impact)
|
|
|
|
|
|
|
|
|
Domestic
stores
|
|
|
+ 11.8
|
%
|
|
|
+ 14.9
|
%
|
International
stores
|
|
|
+ 16.6
|
%
|
|
|
+ 15.0
|
%
|
Total
|
|
|
+ 14.3
|
%
|
|
|
+ 14.9
|
%
|
|
|
Domestic
Company-
owned
Stores
|
|
|
Domestic
Franchise
Stores
|
|
|
Total
Domestic
Stores
|
|
|
International
Stores
|
|
|
Total
|
|
Store
counts:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Store count at March
27, 2016
|
|
|
385
|
|
|
|
4,831
|
|
|
|
5,216
|
|
|
|
7,476
|
|
|
|
12,692
|
|
Openings
|
|
|
—
|
|
|
|
36
|
|
|
|
36
|
|
|
|
228
|
|
|
|
264
|
|
Closings
|
|
|
—
|
|
|
|
(7)
|
|
|
|
(7)
|
|
|
|
(13)
|
|
|
|
(20)
|
|
Transfers
|
|
|
1
|
|
|
|
(1)
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
Store count at June
19, 2016
|
|
|
386
|
|
|
|
4,859
|
|
|
|
5,245
|
|
|
|
7,691
|
|
|
|
12,936
|
|
Second quarter 2016
net change
|
|
|
1
|
|
|
|
28
|
|
|
|
29
|
|
|
|
215
|
|
|
|
244
|
|
Trailing four quarters
net change
|
|
|
10
|
|
|
|
137
|
|
|
|
147
|
|
|
|
864
|
|
|
|
1,011
|
|
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 second quarter 2016 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. The webcast will also
be archived for one year on biz.dominos.com.
Share Repurchases
During the second quarter of 2016, the Company repurchased and
retired 1,845,126 shares of its common stock under its open market
share repurchase program for approximately $224.1 million, or an average price of
$121.48 per share. On May 25, 2016, the Board of Directors approved an
increase to the Company's open market share repurchase program, so
that the Company had an aggregate of $250.0
million available for future share repurchases as of that
date. As of June 19, 2016, the end of
the second quarter, the Company had a total remaining authorized
amount for share repurchases of $225.2
million.
Subsequent to the second quarter, the Company repurchased and
retired 85,020 shares for $10.8
million, or an average price of $126.46 per share. As of July 14, 2016, the Company had a total remaining
authorized amount for share repurchases of $214.5 million.
Liquidity
As of June 19, 2016, the Company
had approximately:
- $22.3 million of unrestricted
cash and cash equivalents;
- $2.21 billion in total debt;
and
- $68.8 million of available
borrowings under its $125.0 million
variable funding notes. Letters of credit issued under the
Company's variable funding note facility were $46.2 million.
The Company invested $25.0 million
in capital expenditures during the two fiscal quarters of 2016.
Free cash flow, as reconciled below to cash flows from operations
as determined under generally accepted accounting principles
(GAAP), was approximately $44.4
million in the two fiscal quarters of 2016.
(in
thousands)
|
|
Two Fiscal
Quarters
of
2016
|
|
Net cash provided by
operating activities
|
|
$
|
69,453
|
|
Capital
expenditures
|
|
|
(25,045)
|
|
Free cash
flow
|
|
$
|
44,408
|
|
Comments on Regulation G
In addition to the GAAP financial measures set forth in this
press release, the Company has included the free cash flow non-GAAP
financial measure within the meaning of Regulation G. 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 "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, supply chain revenues are
directly impacted by changes in 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," which is
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," which is 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, with a significant business in carryout pizza.
It ranks among the world's top public restaurant brands with a
global enterprise of more than 12,900 stores in over 80 markets.
Domino's had global retail sales of over $9.9 billion in 2015, with more than $4.8 billion in the U.S. and nearly $5.1 billion internationally. In the second
quarter of 2016, Domino's had global retail sales of over
$2.4 billion, with nearly
$1.2 billion in the U.S. and over
$1.2 billion internationally. Its
system is comprised of independent franchise owners who accounted
for over 97% of Domino's stores as of the second quarter of 2016.
Emphasis on technology innovation helped Domino's generate over 50%
of U.S. sales from digital channels at the end of 2015, and an
estimated $4.7 billion annually in
global digital sales. Domino's features an ordering app lineup that
covers nearly 95% of the U.S. smartphone market and recently
introduced several innovative ordering platforms, including
Zero-click Ordering, Samsung Smart TV®, Apple Watch and
Amazon Echo, as well as Twitter and text message using a pizza
emoji. In late 2015, Domino's announced the design and launch of
the DXP®, a purpose-built pizza delivery vehicle, as
well as its first digital customer loyalty program.
Order – dominos.com
AnyWare Ordering – anyware.dominos.com
Company Info – biz.dominos.com
Twitter – twitter.com/dominos
Facebook – facebook.com/dominos
Instagram – instagram.com/dominos
YouTube – 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;
our ability and that of our franchisees to open new restaurants and
keep existing restaurants in operation; changes in operating
expenses resulting from changes in prices of food (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 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
|
|
|
|
June
19,
2016
|
|
|
%
of
Total
Revenues
|
|
|
June
14,
2015
|
|
|
%
of
Total
Revenues
|
|
(In thousands, except
per share data)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Domestic Company-owned
stores
|
|
$
|
97,834
|
|
|
|
|
|
|
$
|
88,794
|
|
|
|
|
|
Domestic
franchise
|
|
|
69,675
|
|
|
|
|
|
|
|
60,827
|
|
|
|
|
|
Supply
chain
|
|
|
339,259
|
|
|
|
|
|
|
|
302,903
|
|
|
|
|
|
International
franchise
|
|
|
40,573
|
|
|
|
|
|
|
|
36,098
|
|
|
|
|
|
Total
revenues
|
|
|
547,341
|
|
|
|
100.0
|
%
|
|
|
488,622
|
|
|
|
100.0
|
%
|
Cost of
sales:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Domestic Company-owned
stores
|
|
|
73,795
|
|
|
|
|
|
|
|
66,082
|
|
|
|
|
|
Supply
chain
|
|
|
301,708
|
|
|
|
|
|
|
|
269,868
|
|
|
|
|
|
Total cost of
sales
|
|
|
375,503
|
|
|
|
68.6
|
%
|
|
|
335,950
|
|
|
|
68.8
|
%
|
Operating
margin
|
|
|
171,838
|
|
|
|
31.4
|
%
|
|
|
152,672
|
|
|
|
31.2
|
%
|
General and
administrative
|
|
|
68,137
|
|
|
|
12.4
|
%
|
|
|
60,441
|
|
|
|
12.3
|
%
|
Income from
operations
|
|
|
103,701
|
|
|
|
19.0
|
%
|
|
|
92,231
|
|
|
|
18.9
|
%
|
Interest expense,
net
|
|
|
(25,009)
|
|
|
|
(4.6)%
|
|
|
|
(18,953)
|
|
|
|
(3.9)%
|
|
Income before
provision for income taxes
|
|
|
78,692
|
|
|
|
14.4
|
%
|
|
|
73,278
|
|
|
|
15.0
|
%
|
Provision for income
taxes
|
|
|
29,431
|
|
|
|
5.4
|
%
|
|
|
27,369
|
|
|
|
5.6
|
%
|
Net income
|
|
$
|
49,261
|
|
|
|
9.0
|
%
|
|
$
|
45,909
|
|
|
|
9.4
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings per
share:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Common stock –
diluted
|
|
$
|
0.98
|
|
|
|
|
|
|
$
|
0.81
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dividends declared
per share
|
|
$
|
0.38
|
|
|
|
|
|
|
$
|
0.31
|
|
|
|
|
|
Domino's Pizza,
Inc. and Subsidiaries
|
Condensed
Consolidated Statements of Income
|
(Unaudited)
|
|
|
|
|
Two Fiscal
Quarters Ended
|
|
|
|
June
19,
2016
|
|
|
%
of
Total
Revenues
|
|
|
June
14,
2015
|
|
|
%
of
Total
Revenues
|
|
(In thousands, except
per share data)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Domestic Company-owned
stores
|
|
$
|
194,278
|
|
|
|
|
|
|
$
|
181,169
|
|
|
|
|
|
Domestic
franchise
|
|
|
137,826
|
|
|
|
|
|
|
|
122,601
|
|
|
|
|
|
Supply
chain
|
|
|
674,954
|
|
|
|
|
|
|
|
614,559
|
|
|
|
|
|
International
franchise
|
|
|
79,459
|
|
|
|
|
|
|
|
72,320
|
|
|
|
|
|
Total
revenues
|
|
|
1,086,517
|
|
|
|
100.0
|
%
|
|
|
990,649
|
|
|
|
100.0
|
%
|
Cost of
sales:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Domestic Company-owned
stores
|
|
|
146,550
|
|
|
|
|
|
|
|
134,234
|
|
|
|
|
|
Supply
chain
|
|
|
600,912
|
|
|
|
|
|
|
|
546,677
|
|
|
|
|
|
Total cost of
sales
|
|
|
747,462
|
|
|
|
68.8
|
%
|
|
|
680,911
|
|
|
|
68.7
|
%
|
Operating
margin
|
|
|
339,055
|
|
|
|
31.2
|
%
|
|
|
309,738
|
|
|
|
31.3
|
%
|
General and
administrative
|
|
|
136,641
|
|
|
|
12.6
|
%
|
|
|
123,254
|
|
|
|
12.5
|
%
|
Income from
operations
|
|
|
202,414
|
|
|
|
18.6
|
%
|
|
|
186,484
|
|
|
|
18.8
|
%
|
Interest expense,
net
|
|
|
(50,880)
|
|
|
|
(4.7)%
|
|
|
|
(39,024)
|
|
|
|
(3.9)%
|
|
Income before
provision for income taxes
|
|
|
151,534
|
|
|
|
13.9
|
%
|
|
|
147,460
|
|
|
|
14.9
|
%
|
Provision for income
taxes
|
|
|
56,822
|
|
|
|
5.2
|
%
|
|
|
55,262
|
|
|
|
5.6
|
%
|
Net income
|
|
$
|
94,712
|
|
|
|
8.7
|
%
|
|
$
|
92,198
|
|
|
|
9.3
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings per
share:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Common stock –
diluted
|
|
$
|
1.86
|
|
|
|
|
|
|
$
|
1.62
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dividends declared
per share
|
|
$
|
0.76
|
|
|
|
|
|
|
$
|
0.62
|
|
|
|
|
|
Domino's Pizza,
Inc. and Subsidiaries
|
Condensed
Consolidated Balance Sheets
|
(Unaudited)
|
|
|
|
|
June 19,
2016
|
|
|
January 3,
2016
|
|
(In
thousands)
|
|
|
|
|
|
|
|
|
Assets
|
|
|
|
|
|
|
|
|
Current
assets:
|
|
|
|
|
|
|
|
|
Cash and cash
equivalents
|
|
$
|
22,305
|
|
|
$
|
133,449
|
|
Restricted cash and
cash equivalents
|
|
|
107,435
|
|
|
|
180,940
|
|
Accounts
receivable
|
|
|
132,533
|
|
|
|
131,582
|
|
Inventories
|
|
|
36,473
|
|
|
|
36,861
|
|
Advertising fund
assets, restricted
|
|
|
109,025
|
|
|
|
99,159
|
|
Prepaid expenses and
other
|
|
|
42,678
|
|
|
|
20,646
|
|
Total current
assets
|
|
|
450,449
|
|
|
|
602,637
|
|
Property, plant and
equipment, net
|
|
|
131,972
|
|
|
|
131,890
|
|
Other
assets
|
|
|
69,857
|
|
|
|
65,318
|
|
Total
assets
|
|
$
|
652,278
|
|
|
$
|
799,845
|
|
Liabilities and
stockholders' deficit
|
|
|
|
|
|
|
|
|
Current
liabilities:
|
|
|
|
|
|
|
|
|
Current portion of
long-term debt
|
|
$
|
48,870
|
|
|
$
|
59,333
|
|
Accounts
payable
|
|
|
84,902
|
|
|
|
106,927
|
|
Dividends
payable
|
|
|
18,815
|
|
|
|
557
|
|
Advertising fund
liabilities
|
|
|
109,025
|
|
|
|
99,159
|
|
Other accrued
liabilities
|
|
|
95,115
|
|
|
|
110,007
|
|
Total current
liabilities
|
|
|
356,727
|
|
|
|
375,983
|
|
Long-term
liabilities:
|
|
|
|
|
|
|
|
|
Long-term debt, less
current portion
|
|
|
2,165,177
|
|
|
|
2,181,460
|
|
Other accrued
liabilities
|
|
|
45,128
|
|
|
|
42,653
|
|
Total long-term
liabilities
|
|
|
2,210,305
|
|
|
|
2,224,113
|
|
Total stockholders'
deficit
|
|
|
(1,914,754)
|
|
|
|
(1,800,251)
|
|
Total liabilities and
stockholders' deficit
|
|
$
|
652,278
|
|
|
$
|
799,845
|
|
|
Domino's Pizza,
Inc. and Subsidiaries
|
Condensed
Consolidated Statements of Cash Flows
|
(Unaudited)
|
|
|
|
Two Fiscal
Quarters Ended
|
|
|
|
|
June
19,
2016
|
|
|
|
June
14,
2015
|
|
(In
thousands)
|
|
|
|
|
|
|
|
|
Cash flows from
operating activities:
|
|
|
|
|
|
|
|
|
Net income
|
|
$
|
94,712
|
|
|
$
|
92,198
|
|
Adjustments to
reconcile net income to net cash provided by
operating activities:
|
|
|
|
|
|
|
|
|
Depreciation and
amortization
|
|
|
16,756
|
|
|
|
15,028
|
|
Loss (gain) on
sale/disposal of assets
|
|
|
247
|
|
|
|
(272)
|
|
Amortization of debt
issuance costs
|
|
|
3,133
|
|
|
|
2,550
|
|
Provision (benefit)
for deferred income taxes
|
|
|
1,775
|
|
|
|
(1,964)
|
|
Non-cash compensation
expense
|
|
|
8,617
|
|
|
|
7,776
|
|
Tax impact from
equity-based compensation
|
|
|
(34,852)
|
|
|
|
(7,556)
|
|
Other
|
|
|
16
|
|
|
|
(725)
|
|
Changes in operating
assets and liabilities
|
|
|
(20,951)
|
|
|
|
(3,441)
|
|
Net cash provided by
operating activities
|
|
|
69,453
|
|
|
|
103,594
|
|
Cash flows from
investing activities:
|
|
|
|
|
|
|
|
|
Capital
expenditures
|
|
|
(25,045)
|
|
|
|
(20,238)
|
|
Proceeds from sale of
assets
|
|
|
2,765
|
|
|
|
8,785
|
|
Changes in restricted
cash
|
|
|
73,505
|
|
|
|
24,137
|
|
Other
|
|
|
(904)
|
|
|
|
1,449
|
|
Net cash provided by
investing activities
|
|
|
50,321
|
|
|
|
14,133
|
|
Cash flows from
financing activities:
|
|
|
|
|
|
|
|
|
Proceeds from issuance
of long-term debt
|
|
|
10,000
|
|
|
|
—
|
|
Repayments of
long-term debt and capital lease obligations
|
|
|
(39,878)
|
|
|
|
(141)
|
|
Proceeds from exercise
of stock options
|
|
|
10,848
|
|
|
|
2,067
|
|
Tax impact from
equity-based compensation
|
|
|
34,852
|
|
|
|
7,556
|
|
Purchases of common
stock
|
|
|
(224,139)
|
|
|
|
(97,634)
|
|
Tax payments for
restricted stock upon vesting
|
|
|
(3,036)
|
|
|
|
(3,737)
|
|
Payments of common
stock dividends and equivalents
|
|
|
(19,099)
|
|
|
|
(31,039)
|
|
Net cash used in
financing activities
|
|
|
(230,452)
|
|
|
|
(122,928)
|
|
Effect of exchange
rate changes on cash and cash equivalents
|
|
|
(466)
|
|
|
|
237
|
|
Change in cash and
cash equivalents
|
|
|
(111,144)
|
|
|
|
(4,964)
|
|
Cash and cash
equivalents, at beginning of period
|
|
|
133,449
|
|
|
|
30,855
|
|
Cash and cash
equivalents, at end of period
|
|
$
|
22,305
|
|
|
$
|
25,891
|
|
Logo -
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To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/dominos-pizza-announces-second-quarter-2016-financial-results-300301878.html
SOURCE Domino's Pizza, Inc.