10-Q Filing

CHIPOTLE MEXICAN GRILL INC CIK: 1058090 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001058090-16-000069`
Period End Date	20160331
Filing Date	20160427
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	cmg-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 46 Cash Flow Statement 66 Comprehensive Income 2

Balance Sheet 74 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts, Accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.14M	USD	Point-in-time
Allowance for doubtful accounts, Accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.18M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$248.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$419.46M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$250.81M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	600.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$542.96M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	600.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $1,136 and $1,176 as of March 31, 2016 and December 31, 2015, respectively	`AccountsReceivableNetCurrent`	$23.69M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $1,136 and $1,176 as of March 31, 2016 and December 31, 2015, respectively	`AccountsReceivableNetCurrent`	$38.28M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventory	`InventoryNet`	$15.04M	USD	Point-in-time
Inventory	`InventoryNet`	$16.89M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	230.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$39.97M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	230.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$48.32M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	35.79M	shares	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$58.15M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$35.04M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	35.80M	shares	Point-in-time
Treasury stock, shares at cost	`TreasuryStockShares`	6.45M	shares	Point-in-time
Investments	`MarketableSecuritiesCurrent`	-	USD	Point-in-time
Treasury stock, shares at cost	`TreasuryStockShares`	5.21M	shares	Point-in-time
Investments	`MarketableSecuritiesCurrent`	$415.20M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$814.65M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$374.74M	USD	Point-in-time
Leasehold improvements, property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.22B	USD	Point-in-time
Leasehold improvements, property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.24B	USD	Point-in-time
Long term investments	`MarketableSecuritiesNoncurrent`	$455.68M	USD	Point-in-time
Long term investments	`MarketableSecuritiesNoncurrent`	$622.94M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$48.32M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$46.86M	USD	Point-in-time
Goodwill	`Goodwill`	$21.94M	USD	Point-in-time
Goodwill	`Goodwill`	$21.94M	USD	Point-in-time
Total assets	`Assets`	$2.14B	USD	Point-in-time
Total assets	`Assets`	$2.73B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$85.71M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$76.61M	USD	Point-in-time
Accrued payroll and benefits	`EmployeeRelatedLiabilitiesCurrent`	$80.61M	USD	Point-in-time
Accrued payroll and benefits	`EmployeeRelatedLiabilitiesCurrent`	$64.96M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$114.75M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$129.28M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$279.94M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$271.96M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$251.96M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$260.65M	USD	Point-in-time
Deferred income tax liability	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$-35.73M	USD	Point-in-time
Deferred income tax liability	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$-32.30M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$32.88M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$32.22M	USD	Point-in-time
Total liabilities	`Liabilities`	$597.09M	USD	Point-in-time
Total liabilities	`Liabilities`	$600.57M	USD	Point-in-time
Preferred stock, $0.01 par value, 600,000 shares authorized, no shares issued as of March 31, 2016 and December 31, 2015, respectively	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value, 600,000 shares authorized, no shares issued as of March 31, 2016 and December 31, 2015, respectively	`PreferredStockValue`	-	USD	Point-in-time
Common stock $0.01 par value, 230,000 shares authorized, and 35,797 and 35,790 shares issued as of March 31, 2016 and December 31, 2015, respectively	`CommonStockValue`	$358.00K	USD	Point-in-time
Common stock $0.01 par value, 230,000 shares authorized, and 35,797 and 35,790 shares issued as of March 31, 2016 and December 31, 2015, respectively	`CommonStockValue`	$358.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.18B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.17B	USD	Point-in-time
Treasury stock, at cost, 6,449 and 5,206 common shares at March 31, 2016 and December 31, 2015, respectively	`TreasuryStockValue`	$1.81B	USD	Point-in-time
Treasury stock, at cost, 6,449 and 5,206 common shares at March 31, 2016 and December 31, 2015, respectively	`TreasuryStockValue`	$1.23B	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-8.27M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-4.45M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.17B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.20B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.54B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$2.13B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$2.73B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$2.14B	USD	Point-in-time

Income Statement 46 line items

Line Item	Tag	Value	Unit	Period
Revenue	`FoodAndBeverageRevenue`	$834.46M	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`	$294.17M	USD	1 Quarter
Labor	`CostOfGoodsSoldDirectLabor`	$257.68M	USD	1 Quarter
Labor	`CostOfGoodsSoldDirectLabor`	$244.15M	USD	1 Quarter
Occupancy	`OccupancyNet`	$70.59M	USD	1 Quarter
Occupancy	`OccupancyNet`	$63.19M	USD	1 Quarter
Other operating costs	`OtherCostAndExpenseOperating`	$113.54M	USD	1 Quarter
Other operating costs	`OtherCostAndExpenseOperating`	$155.19M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$63.06M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$62.01M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$30.64M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$34.79M	USD	1 Quarter
Pre-opening costs	`PreOpeningCosts`	$3.44M	USD	1 Quarter
Pre-opening costs	`PreOpeningCosts`	$4.42M	USD	1 Quarter
Loss on disposal of assets	`GainLossOnSalesOfAssetsAndAssetImpairmentCharges`	$-4.20M	USD	1 Quarter
Loss on disposal of assets	`GainLossOnSalesOfAssetsAndAssetImpairmentCharges`	$-2.22M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$891.24M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$881.06M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-46.60M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$197.80M	USD	1 Quarter
Interest and other income (expense), net	`OtherNonoperatingIncomeExpense`	$2.13M	USD	1 Quarter
Interest and other income (expense), net	`OtherNonoperatingIncomeExpense`	$1.22M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-44.48M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$199.02M	USD	1 Quarter
Benefit (provision) for income taxes	`IncomeTaxExpenseBenefit`	$76.38M	USD	1 Quarter
Benefit (provision) for income taxes	`IncomeTaxExpenseBenefit`	$-18.05M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$122.64M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-26.43M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-4.71M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$1.93M	USD	1 Quarter
Unrealized gain (loss) on investments, net of income taxes of $1,182 and $0	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	-	USD	1 Quarter
Unrealized gain (loss) on investments, net of income taxes of $1,182 and $0	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$1.89M	USD	1 Quarter
Other comprehensive income (loss), net of income taxes	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-4.71M	USD	1 Quarter
Other comprehensive income (loss), net of income taxes	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$3.82M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-22.61M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$117.93M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.88	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$3.95	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.88	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$3.88	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	31.04M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	29.89M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	29.89M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	31.59M	shares	1 Quarter

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$122.64M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-26.43M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$30.64M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$34.79M	USD	1 Quarter
Deferred income tax (benefit) provision	`DeferredIncomeTaxExpenseBenefit`	$2.26M	USD	1 Quarter
Deferred income tax (benefit) provision	`DeferredIncomeTaxExpenseBenefit`	$-5.55M	USD	1 Quarter
Loss on disposal of assets	`GainLossOnSalesOfAssetsAndAssetImpairmentCharges`	$-4.20M	USD	1 Quarter
Loss on disposal of assets	`GainLossOnSalesOfAssetsAndAssetImpairmentCharges`	$-2.22M	USD	1 Quarter
Bad debt allowance	`ProvisionForDoubtfulAccounts`	$-40.00K	USD	1 Quarter
Bad debt allowance	`ProvisionForDoubtfulAccounts`	$-27.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$10.51M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$16.99M	USD	1 Quarter
Excess tax benefit on stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$680.00K	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`	$-174.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-14.64M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-13.30M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$737.00K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$1.83M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.52M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$8.34M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-1.47M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$3.83M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-8.85M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$14.83M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-21.37M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$10.40M	USD	1 Quarter
Income tax payable/receivable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$75.31M	USD	1 Quarter
Income tax payable/receivable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$23.80M	USD	1 Quarter
Deferred rent	`IncreaseDecreaseInDeferredRevenue`	$6.78M	USD	1 Quarter
Deferred rent	`IncreaseDecreaseInDeferredRevenue`	$8.57M	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-613.00K	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$2.75M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$61.68M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$242.72M	USD	1 Quarter
Purchases of leasehold improvements, property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$62.92M	USD	1 Quarter
Purchases of leasehold improvements, property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$59.36M	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireMarketableSecurities`	$139.11M	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireMarketableSecurities`	-	USD	1 Quarter
Maturities of investments	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$95.00M	USD	1 Quarter
Maturities of investments	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$45.00M	USD	1 Quarter
Proceeds from Sale of Investments	`ProceedsFromSaleOfAvailableForSaleSecurities`	-	USD	1 Quarter
Proceeds from Sale of Investments	`ProceedsFromSaleOfAvailableForSaleSecurities`	$540.65M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-103.48M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$522.73M	USD	1 Quarter
Acquisition of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$23.25M	USD	1 Quarter
Acquisition of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$583.80M	USD	1 Quarter
Excess tax benefit on stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$680.00K	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`	$-10.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-583.13M	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`	$1.53M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.80M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$123.49M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$248.00M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$419.46M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$250.81M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$542.96M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$248.00M	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`	$250.81M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$542.96M	USD	Point-in-time

Comprehensive Income 2 line items

Line Item	Tag	Value	Unit	Period
Unrealized gain (loss) on investments, tax	`OtherComprehensiveIncomeAvailableforsaleSecuritiesTaxPortionAttributableToParent`	$1.18M	USD	1 Quarter
Unrealized gain (loss) on investments, tax	`OtherComprehensiveIncomeAvailableforsaleSecuritiesTaxPortionAttributableToParent`	-	USD	1 Quarter

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