10-Q Filing

CHIPOTLE MEXICAN GRILL INC CIK: 1058090 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001058090-15-000012`
Period End Date	20150331
Filing Date	20150422
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	cmg-20150331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 40 Cash Flow Statement 66

Balance Sheet 76 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts, Accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.17M	USD	Point-in-time
Allowance for doubtful accounts, Accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.20M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	600.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$411.59M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$323.20M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	600.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$419.46M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$542.96M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $1,172 and $1,199 as of March 31, 2015 and December 31, 2014, respectively	`AccountsReceivableNetCurrent`	$21.48M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $1,172 and $1,199 as of March 31, 2015 and December 31, 2014, respectively	`AccountsReceivableNetCurrent`	$34.84M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventory	`InventoryNet`	$15.33M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventory	`InventoryNet`	$16.05M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	230.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	230.00M	shares	Point-in-time
Current deferred tax asset	`DeferredTaxAssetsLiabilitiesNetCurrent`	$18.97M	USD	Point-in-time
Current deferred tax asset	`DeferredTaxAssetsLiabilitiesNetCurrent`	$19.38M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$37.25M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	35.45M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	35.39M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$34.80M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$16.49M	USD	Point-in-time
Treasury stock, shares at cost	`TreasuryStockShares`	4.40M	shares	Point-in-time
Treasury stock, shares at cost	`TreasuryStockShares`	4.37M	shares	Point-in-time
Investments	`HeldToMaturitySecuritiesCurrent`	$338.59M	USD	Point-in-time
Investments	`HeldToMaturitySecuritiesCurrent`	$347.58M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$984.70M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$878.48M	USD	Point-in-time
Leasehold improvements, property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.12B	USD	Point-in-time
Leasehold improvements, property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.11B	USD	Point-in-time
Long term investments	`HeldToMaturitySecuritiesNoncurrent`	$496.11M	USD	Point-in-time
Long term investments	`HeldToMaturitySecuritiesNoncurrent`	$531.08M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$42.78M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$46.53M	USD	Point-in-time
Goodwill	`Goodwill`	$21.94M	USD	Point-in-time
Goodwill	`Goodwill`	$21.94M	USD	Point-in-time
Total assets	`Assets`	$2.70B	USD	Point-in-time
Total assets	`Assets`	$2.55B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$69.61M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$76.07M	USD	Point-in-time
Accrued payroll and benefits	`EmployeeRelatedLiabilitiesCurrent`	$67.21M	USD	Point-in-time
Accrued payroll and benefits	`EmployeeRelatedLiabilitiesCurrent`	$73.89M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$102.20M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$85.85M	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	$47.99M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$245.71M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$277.12M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$219.41M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$225.90M	USD	Point-in-time
Deferred income tax liability	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$-35.40M	USD	Point-in-time
Deferred income tax liability	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$-40.53M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$28.26M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$30.97M	USD	Point-in-time
Total liabilities	`Liabilities`	$533.92M	USD	Point-in-time
Total liabilities	`Liabilities`	$569.38M	USD	Point-in-time
Preferred stock, $0.01 par value, 600,000 shares authorized, no shares issued as of March 31, 2015 and December 31, 2014, respectively	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value, 600,000 shares authorized, no shares issued as of March 31, 2015 and December 31, 2014, respectively	`PreferredStockValue`	-	USD	Point-in-time
Common stock $0.01 par value, 230,000 shares authorized, and 35,453 and 35,394 shares issued as of March 31, 2015 and December 31, 2014, respectively	`CommonStockValue`	$355.00K	USD	Point-in-time
Common stock $0.01 par value, 230,000 shares authorized, and 35,453 and 35,394 shares issued as of March 31, 2015 and December 31, 2014, respectively	`CommonStockValue`	$354.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.07B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.04B	USD	Point-in-time
Treasury stock, at cost, 4,401 and 4,367 common shares at March 31, 2015 and December 31, 2014, respectively	`TreasuryStockValue`	$748.76M	USD	Point-in-time
Treasury stock, at cost, 4,401 and 4,367 common shares at March 31, 2015 and December 31, 2014, respectively	`TreasuryStockValue`	$772.01M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax`	$-5.14M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax`	$-429.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.72B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.84B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$2.01B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$2.13B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$2.70B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$2.55B	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Revenue	`FoodAndBeverageRevenue`	$904.16M	USD	1 Quarter
Revenue	`FoodAndBeverageRevenue`	$1.09B	USD	1 Quarter
Food, beverage and packaging	`FoodAndBeverageCostOfSales`	$369.03M	USD	1 Quarter
Food, beverage and packaging	`FoodAndBeverageCostOfSales`	$311.79M	USD	1 Quarter
Labor	`CostOfGoodsSoldDirectLabor`	$244.15M	USD	1 Quarter
Labor	`CostOfGoodsSoldDirectLabor`	$208.21M	USD	1 Quarter
Occupancy	`OccupancyNet`	$63.19M	USD	1 Quarter
Occupancy	`OccupancyNet`	$54.85M	USD	1 Quarter
Other operating costs	`OtherCostAndExpenseOperating`	$113.54M	USD	1 Quarter
Other operating costs	`OtherCostAndExpenseOperating`	$95.14M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$66.92M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$63.06M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$30.64M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$25.75M	USD	1 Quarter
Pre-opening costs	`PreOpeningCosts`	$4.30M	USD	1 Quarter
Pre-opening costs	`PreOpeningCosts`	$3.44M	USD	1 Quarter
Loss on disposal of assets	`GainLossOnSalesOfAssetsAndAssetImpairmentCharges`	$-1.56M	USD	1 Quarter
Loss on disposal of assets	`GainLossOnSalesOfAssetsAndAssetImpairmentCharges`	$-4.20M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$768.51M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$891.24M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$197.80M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$135.65M	USD	1 Quarter
Interest and other income (expense), net	`OtherNonoperatingIncomeExpense`	$689.00K	USD	1 Quarter
Interest and other income (expense), net	`OtherNonoperatingIncomeExpense`	$1.22M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$136.34M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$199.02M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$53.27M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$76.38M	USD	1 Quarter
Net income	`NetIncomeLoss`	$83.07M	USD	1 Quarter
Net income	`NetIncomeLoss`	$122.64M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$3.95	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$2.67	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$2.64	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$3.88	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	31.04M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	31.06M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	31.49M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	31.59M	shares	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$82.94M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$117.93M	USD	1 Quarter

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$83.07M	USD	1 Quarter
Net income	`NetIncomeLoss`	$122.64M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$30.64M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$25.75M	USD	1 Quarter
Deferred income tax (benefit) provision	`DeferredIncomeTaxExpenseBenefit`	$-5.55M	USD	1 Quarter
Deferred income tax (benefit) provision	`DeferredIncomeTaxExpenseBenefit`	$1.55M	USD	1 Quarter
Loss on disposal of assets	`GainLossOnSalesOfAssetsAndAssetImpairmentCharges`	$-1.56M	USD	1 Quarter
Loss on disposal of assets	`GainLossOnSalesOfAssetsAndAssetImpairmentCharges`	$-4.20M	USD	1 Quarter
Bad debt allowance	`ProvisionForDoubtfulAccounts`	$-20.00K	USD	1 Quarter
Bad debt allowance	`ProvisionForDoubtfulAccounts`	$-27.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$16.99M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$27.36M	USD	1 Quarter
Excess tax benefit on stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$8.96M	USD	1 Quarter
Excess tax benefit on stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$10.83M	USD	1 Quarter
Other	`OtherNoncashExpense`	$119.00K	USD	1 Quarter
Other	`OtherNoncashExpense`	$64.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-13.30M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-7.44M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$737.00K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$2.16M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$4.01M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.52M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$3.83M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$2.37M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$8.01M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$14.83M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-21.37M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-15.16M	USD	1 Quarter
Income tax payable/receivable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$48.09M	USD	1 Quarter
Income tax payable/receivable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$75.31M	USD	1 Quarter
Deferred rent	`StraightLineRent`	$-6.76M	USD	1 Quarter
Deferred rent	`StraightLineRent`	$-6.78M	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$2.80M	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$2.75M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$179.78M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$242.72M	USD	1 Quarter
Purchases of leasehold improvements, property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$47.23M	USD	1 Quarter
Purchases of leasehold improvements, property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$59.36M	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireHeldToMaturitySecurities`	$139.11M	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireHeldToMaturitySecurities`	$89.78M	USD	1 Quarter
Maturities of investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities`	$49.50M	USD	1 Quarter
Maturities of investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities`	$95.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-103.48M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-87.51M	USD	1 Quarter
Acquisition of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$12.74M	USD	1 Quarter
Acquisition of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$23.25M	USD	1 Quarter
Excess tax benefit on stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$8.96M	USD	1 Quarter
Excess tax benefit on stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$10.83M	USD	1 Quarter
Stock plan transactions and other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-119.00K	USD	1 Quarter
Stock plan transactions and other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-56.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-3.84M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-12.54M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-3.21M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-40.00K	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$123.49M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$88.39M	USD	1 Quarter
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$411.59M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$323.20M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$419.46M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$542.96M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$411.59M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$323.20M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$419.46M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$542.96M	USD	Point-in-time
Increase (decrease) in purchases of leasehold improvements, property and equipment accrued in accounts payable and accrued liabilities	`IncreaseDecreaseInPurchasesOfLeaseholdImprovementsPropertyAndEquipmentAccruedInAccountsPayable`	$-9.95M	USD	1 Quarter
Increase (decrease) in purchases of leasehold improvements, property and equipment accrued in accounts payable and accrued liabilities	`IncreaseDecreaseInPurchasesOfLeaseholdImprovementsPropertyAndEquipmentAccruedInAccountsPayable`	$-290.00K	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.