Stock Analysis on Net

Chipotle Mexican Grill Inc. (NYSE:CMG)

Income Statement 
Quarterly Data

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 (quarterly data)

US$ in thousands

Microsoft Excel
3 months ended: Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Food and beverage revenue 2,778,034 2,954,913 2,684,447 2,499,567 2,456,039 2,497,509 2,351,009 2,163,907 2,202,336 2,192,802 1,998,956 1,939,405 1,932,409 1,869,365 1,715,990 1,586,905 1,581,335 1,350,188 1,402,117
Delivery service revenue 15,542 18,204 17,401 16,753 15,909 17,292 17,571 16,692 17,839 20,537 21,583 21,228 19,906 23,173 25,585 20,805 20,079 14,550 8,655
Revenue (legacy) 1,440,224 1,403,697 1,434,231 1,308,217
Revenue 2,793,576 2,973,117 2,701,848 2,516,320 2,471,948 2,514,801 2,368,580 2,180,599 2,220,175 2,213,339 2,020,539 1,960,633 1,952,315 1,892,538 1,741,575 1,607,710 1,601,414 1,364,738 1,410,772 1,440,224 1,403,697 1,434,231 1,308,217
Food, beverage and packaging (855,515) (873,673) (779,076) (747,155) (734,186) (738,664) (692,559) (638,851) (662,540) (673,928) (626,926) (620,150) (591,332) (574,478) (522,671) (498,450) (517,261) (454,756) (462,299) (476,769) (466,496) (483,284) (421,367)
Labor (696,847) (716,627) (659,450) (629,228) (616,282) (611,678) (583,794) (558,914) (557,178) (549,926) (531,940) (516,829) (502,757) (464,506) (433,669) (408,364) (405,818) (385,266) (393,565) (381,520) (373,645) (368,053) (348,842)
Occupancy (142,570) (138,663) (135,699) (131,167) (126,269) (123,897) (121,931) (118,648) (115,826) (113,919) (112,032) (107,184) (104,223) (103,430) (101,769) (99,213) (97,694) (95,576) (95,279) (92,970) (91,409) (89,923) (88,770)
Other operating costs (386,463) (384,754) (385,773) (370,466) (345,368) (349,707) (363,206) (341,644) (322,085) (317,481) (330,695) (320,452) (294,650) (287,242) (294,710) (288,456) (268,416) (262,378) (210,762) (212,520) (180,259) (193,309) (174,743)
Restaurant operating costs, exclusive of depreciation and amortization (2,081,395) (2,113,717) (1,959,998) (1,878,016) (1,822,105) (1,823,946) (1,761,490) (1,658,057) (1,657,629) (1,655,254) (1,601,593) (1,564,615) (1,492,962) (1,429,656) (1,352,819) (1,294,483) (1,289,189) (1,197,976) (1,161,905) (1,163,779) (1,111,809) (1,134,569) (1,033,722)
Gross profit 712,181 859,400 741,850 638,304 649,843 690,855 607,090 522,542 562,546 558,085 418,946 396,018 459,353 462,882 388,756 313,227 312,225 166,762 248,867 276,445 291,888 299,662 274,495
General and administrative expenses (126,614) (175,028) (204,625) (169,247) (159,501) (156,496) (148,340) (135,073) (140,896) (140,820) (147,402) (159,777) (145,930) (146,044) (155,103) (124,024) (133,150) (102,647) (106,470) (112,416) (115,070) (121,395) (102,671)
Depreciation and amortization (84,349) (83,562) (83,243) (85,492) (78,546) (78,771) (76,585) (74,012) (71,416) (69,733) (71,665) (66,262) (63,191) (62,082) (63,122) (59,956) (60,180) (60,024) (58,374) (55,149) (52,206) (51,642) (53,781)
Pre-opening costs (12,786) (8,995) (7,211) (13,590) (9,605) (7,538) (6,198) (11,341) (7,618) (5,253) (5,348) (6,984) (5,894) (4,965) (3,421) (4,497) (3,808) (3,644) (3,566) (4,986) (3,064) (2,118) (940)
Impairment, closure costs, and asset disposals (15,176) (5,762) (5,479) (6,528) (7,241) (16,240) (8,361) (5,785) (6,363) (4,681) (4,310) (4,699) (4,658) (4,266) (5,668) (7,864) (7,991) (5,386) (9,336) (5,738) (5,927) (4,487) (6,942)
Income (loss) from operations 473,256 586,053 441,292 363,447 394,950 431,810 367,606 296,331 336,253 337,598 190,221 158,296 239,680 245,525 161,442 116,886 107,096 (4,939) 71,121 98,156 115,621 120,020 110,161
Interest and other income (expense), net 29,307 21,861 19,364 18,906 18,392 16,446 8,949 7,057 3,712 10,572 (213) 9,263 (126) 851 (2,168) 846 (595) 623 2,743 2,840 4,411 3,947 3,129
Income (loss) before income taxes 502,563 607,914 460,656 382,353 413,342 448,256 376,555 303,388 339,965 348,170 190,008 167,559 239,554 246,376 159,274 117,732 106,501 (4,316) 73,864 100,996 120,032 123,967 113,290
(Provision) benefit for income taxes (115,175) (152,243) (101,369) (100,267) (100,125) (106,466) (84,911) (79,661) (82,827) (88,228) (31,714) (34,084) (35,120) (58,402) (32,173) 73,227 (26,257) 12,491 2,524 (28,580) (21,450) (32,939) (25,158)
Net income 387,388 455,671 359,287 282,086 313,217 341,790 291,644 223,727 257,138 259,942 158,294 133,475 204,434 187,974 127,101 190,959 80,244 8,175 76,388 72,416 98,582 91,028 88,132

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

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 Q1 2024 to Q2 2024 but then slightly decreased from Q2 2024 to Q3 2024 not reaching Q1 2024 level.
Income (loss) from operations The net result for the period of deducting operating expenses from operating revenues. Chipotle Mexican Grill Inc. income (loss) from operations increased from Q1 2024 to Q2 2024 but then slightly decreased from Q2 2024 to Q3 2024 not reaching Q1 2024 level.
Income (loss) 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 (loss) before income taxes increased from Q1 2024 to Q2 2024 but then slightly decreased from Q2 2024 to Q3 2024 not reaching Q1 2024 level.
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 Q1 2024 to Q2 2024 but then slightly decreased from Q2 2024 to Q3 2024 not reaching Q1 2024 level.