10-Q Filing

CHIPOTLE MEXICAN GRILL INC CIK: 1058090 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001058090-17-000021`
Period End Date	20170331
Filing Date	20170426
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	cmg-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 46 Cash Flow Statement 64 Comprehensive Income 2

Balance Sheet 76 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts, Accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$40.00K	USD	Point-in-time
Allowance for doubtful accounts, Accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$259.00K	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`	$248.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$87.88M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$250.81M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$122.41M	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 $40 and $259 as of March 31, 2017 and December 31, 2016, respectively	`AccountsReceivableNetCurrent`	$40.45M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $40 and $259 as of March 31, 2017 and December 31, 2016, respectively	`AccountsReceivableNetCurrent`	$21.58M	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`	$15.02M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventory	`InventoryNet`	$18.32M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$44.08M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	230.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$47.02M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	230.00M	shares	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$5.11M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	-	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	35.83M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	35.84M	shares	Point-in-time
Treasury stock, shares at cost	`TreasuryStockShares`	7.02M	shares	Point-in-time
Investments	`MarketableSecuritiesCurrent`	$454.63M	USD	Point-in-time
Treasury stock, shares at cost	`TreasuryStockShares`	7.16M	shares	Point-in-time
Investments	`MarketableSecuritiesCurrent`	$329.84M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$522.37M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$663.96M	USD	Point-in-time
Leasehold improvements, property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.32B	USD	Point-in-time
Leasehold improvements, property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.30B	USD	Point-in-time
Long term investments	`MarketableSecuritiesNoncurrent`	$125.06M	USD	Point-in-time
Long term investments	`MarketableSecuritiesNoncurrent`	-	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$53.18M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$53.74M	USD	Point-in-time
Goodwill	`Goodwill`	$21.94M	USD	Point-in-time
Goodwill	`Goodwill`	$21.94M	USD	Point-in-time
Total assets	`Assets`	$2.06B	USD	Point-in-time
Total assets	`Assets`	$2.03B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$78.36M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$83.84M	USD	Point-in-time
Accrued payroll and benefits	`EmployeeRelatedLiabilitiesCurrent`	$76.30M	USD	Point-in-time
Accrued payroll and benefits	`EmployeeRelatedLiabilitiesCurrent`	$96.73M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$127.13M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$101.11M	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	$24.64M	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$306.32M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$281.79M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$297.84M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$288.93M	USD	Point-in-time
Deferred income tax liability	`DeferredTaxLiabilitiesNoncurrent`	$15.74M	USD	Point-in-time
Deferred income tax liability	`DeferredTaxLiabilitiesNoncurrent`	$18.94M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$34.63M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$33.95M	USD	Point-in-time
Total liabilities	`Liabilities`	$654.54M	USD	Point-in-time
Total liabilities	`Liabilities`	$623.61M	USD	Point-in-time
Preferred stock, $0.01 par value, 600,000 shares authorized, no shares issued as of March 31, 2017 and December 31, 2016, respectively	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value, 600,000 shares authorized, no shares issued as of March 31, 2017 and December 31, 2016, respectively	`PreferredStockValue`	-	USD	Point-in-time
Common stock $0.01 par value, 230,000 shares authorized, and 35,838 and 35,833 shares issued as of March 31, 2017 and December 31, 2016, respectively	`CommonStockValue`	$358.00K	USD	Point-in-time
Common stock $0.01 par value, 230,000 shares authorized, and 35,838 and 35,833 shares issued as of March 31, 2017 and December 31, 2016, respectively	`CommonStockValue`	$358.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.26B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.24B	USD	Point-in-time
Treasury stock, at cost, 7,160 and 7,019 common shares at March 31, 2017 and December 31, 2016, respectively	`TreasuryStockValue`	$2.05B	USD	Point-in-time
Treasury stock, at cost, 7,160 and 7,019 common shares at March 31, 2017 and December 31, 2016, respectively	`TreasuryStockValue`	$2.11B	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-7.67M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-8.16M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.27B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.22B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.41B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.40B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$2.03B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$2.06B	USD	Point-in-time

Income Statement 46 line items

Line Item	Tag	Value	Unit	Period
Revenue	`FoodAndBeverageRevenue`	$834.46M	USD	1 Quarter
Revenue	`FoodAndBeverageRevenue`	$1.07B	USD	1 Quarter
Food, beverage and packaging	`FoodAndBeverageCostOfSales`	$361.80M	USD	1 Quarter
Food, beverage and packaging	`FoodAndBeverageCostOfSales`	$294.17M	USD	1 Quarter
Labor	`CostOfGoodsSoldDirectLabor`	$257.68M	USD	1 Quarter
Labor	`CostOfGoodsSoldDirectLabor`	$287.85M	USD	1 Quarter
Occupancy	`OccupancyNet`	$78.96M	USD	1 Quarter
Occupancy	`OccupancyNet`	$70.59M	USD	1 Quarter
Other operating costs	`OtherCostAndExpenseOperating`	$150.61M	USD	1 Quarter
Other operating costs	`OtherCostAndExpenseOperating`	$155.19M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$62.01M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$69.44M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$34.79M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$39.28M	USD	1 Quarter
Pre-opening costs	`PreOpeningCosts`	$4.42M	USD	1 Quarter
Pre-opening costs	`PreOpeningCosts`	$4.07M	USD	1 Quarter
Loss on disposal and impairment of assets	`GainLossOnSalesOfAssetsAndAssetImpairmentCharges`	$-2.22M	USD	1 Quarter
Loss on disposal and impairment of assets	`GainLossOnSalesOfAssetsAndAssetImpairmentCharges`	$-3.65M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$881.06M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$995.66M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$73.17M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-46.60M	USD	1 Quarter
Interest and other income, net	`OtherNonoperatingIncomeExpense`	$2.13M	USD	1 Quarter
Interest and other income, net	`OtherNonoperatingIncomeExpense`	$1.19M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$74.36M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-44.48M	USD	1 Quarter
Benefit (provision) for income taxes	`IncomeTaxExpenseBenefit`	$-18.05M	USD	1 Quarter
Benefit (provision) for income taxes	`IncomeTaxExpenseBenefit`	$28.24M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$46.12M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-26.43M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$1.93M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$675.00K	USD	1 Quarter
Unrealized gain (loss) on investments, net of tax benefit (expense) of $94 and ($1,182)	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-182.00K	USD	1 Quarter
Unrealized gain (loss) on investments, net of tax benefit (expense) of $94 and ($1,182)	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$1.89M	USD	1 Quarter
Other comprehensive income (loss), net of income taxes	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$3.82M	USD	1 Quarter
Other comprehensive income (loss), net of income taxes	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$493.00K	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$46.61M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-22.61M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.60	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.88	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.60	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.88	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	28.75M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	29.89M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	28.85M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	29.89M	shares	1 Quarter

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$46.12M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-26.43M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$34.79M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$39.28M	USD	1 Quarter
Deferred income tax (benefit) provision	`DeferredIncomeTaxExpenseBenefit`	$2.26M	USD	1 Quarter
Deferred income tax (benefit) provision	`DeferredIncomeTaxExpenseBenefit`	$-3.11M	USD	1 Quarter
Loss on disposal and impairment of assets	`GainLossOnSalesOfAssetsAndAssetImpairmentCharges`	$-2.22M	USD	1 Quarter
Loss on disposal and impairment of assets	`GainLossOnSalesOfAssetsAndAssetImpairmentCharges`	$-3.65M	USD	1 Quarter
Bad debt allowance	`ProvisionForDoubtfulAccounts`	$-40.00K	USD	1 Quarter
Bad debt allowance	`ProvisionForDoubtfulAccounts`	$180.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$10.51M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$16.46M	USD	1 Quarter
Excess tax benefit on stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	-	USD	1 Quarter
Excess tax benefit on stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$680.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-174.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-8.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-14.64M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-18.69M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$3.74M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$1.83M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.93M	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`	$412.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-8.85M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$708.00K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-3.69M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$10.40M	USD	1 Quarter
Income tax payable/receivable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$29.75M	USD	1 Quarter
Income tax payable/receivable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$23.80M	USD	1 Quarter
Deferred rent	`IncreaseDecreaseInDeferredRevenue`	$8.88M	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`	$745.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$150.58M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$61.68M	USD	1 Quarter
Purchases of leasehold improvements, property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$57.09M	USD	1 Quarter
Purchases of leasehold improvements, property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$62.92M	USD	1 Quarter
Maturities of investments	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$45.00M	USD	1 Quarter
Maturities of investments	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	-	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`	$522.73M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-57.09M	USD	1 Quarter
Acquisition of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$583.80M	USD	1 Quarter
Acquisition of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$59.14M	USD	1 Quarter
Excess tax benefit on stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$680.00K	USD	1 Quarter
Excess tax benefit on stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	-	USD	1 Quarter
Stock plan transactions and other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-10.00K	USD	1 Quarter
Stock plan transactions and other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$6.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-59.13M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-583.13M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$173.00K	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`	$34.53M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.80M	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`	$87.88M	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`	$122.41M	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`	$87.88M	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`	$122.41M	USD	Point-in-time

Comprehensive Income 2 line items

Line Item	Tag	Value	Unit	Period
Unrealized gain (loss) on investments, net of tax benefit (expense) of	`OtherComprehensiveIncomeAvailableforsaleSecuritiesTaxPortionAttributableToParent`	$-94.00K	USD	1 Quarter
Unrealized gain (loss) on investments, net of tax benefit (expense) of	`OtherComprehensiveIncomeAvailableforsaleSecuritiesTaxPortionAttributableToParent`	$1.18M	USD	1 Quarter

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