10-Q Filing

CHIPOTLE MEXICAN GRILL INC CIK: 1058090 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001058090-18-000042`
Period End Date	20180331
Filing Date	20180426
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	cmg-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 38 Cash Flow Statement 58 Comprehensive Income 12

Balance Sheet 72 line items

Line Item	Tag	Value	Unit	Period
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
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	600.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$184.57M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$231.84M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	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
Accounts receivable, net	`AccountsReceivableNetCurrent`	$40.45M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$26.69M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	230.00M	shares	Point-in-time
Inventory	`InventoryNet`	$17.40M	USD	Point-in-time
Inventory	`InventoryNet`	$19.86M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	230.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	35.85M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	35.88M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$55.74M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$50.92M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$9.35M	USD	Point-in-time
Treasury stock, shares at cost	`TreasuryStockShares`	8.06M	shares	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	-	USD	Point-in-time
Treasury stock, shares at cost	`TreasuryStockShares`	7.83M	shares	Point-in-time
Investments	`MarketableSecuritiesCurrent`	$298.76M	USD	Point-in-time
Investments	`MarketableSecuritiesCurrent`	$324.38M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$630.44M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$629.53M	USD	Point-in-time
Leasehold improvements, property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.34B	USD	Point-in-time
Leasehold improvements, property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.34B	USD	Point-in-time
Long term investments	`MarketableSecuritiesNoncurrent`	-	USD	Point-in-time
Long term investments	`MarketableSecuritiesNoncurrent`	$49.38M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$55.85M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$51.97M	USD	Point-in-time
Goodwill	`Goodwill`	$21.94M	USD	Point-in-time
Goodwill	`Goodwill`	$21.94M	USD	Point-in-time
Total assets	`Assets`	$2.05B	USD	Point-in-time
Total assets	`Assets`	$2.10B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$99.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$82.03M	USD	Point-in-time
Accrued payroll and benefits	`EmployeeRelatedLiabilitiesCurrent`	$82.54M	USD	Point-in-time
Accrued payroll and benefits	`EmployeeRelatedLiabilitiesCurrent`	$110.27M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$159.32M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$149.41M	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	$8.64M	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$323.89M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$367.32M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$321.90M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$316.50M	USD	Point-in-time
Deferred income tax liability	`DeferredTaxLiabilitiesNoncurrent`	$6.55M	USD	Point-in-time
Deferred income tax liability	`DeferredTaxLiabilitiesNoncurrent`	$814.00K	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$40.04M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$37.63M	USD	Point-in-time
Total liabilities	`Liabilities`	$733.40M	USD	Point-in-time
Total liabilities	`Liabilities`	$681.25M	USD	Point-in-time
Preferred stock, $0.01 par value, 600,000 shares authorized, no shares issued as of March 31, 2018 and December 31, 2017, respectively	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value, 600,000 shares authorized, no shares issued as of March 31, 2018 and December 31, 2017, respectively	`PreferredStockValue`	-	USD	Point-in-time
Common stock $0.01 par value, 230,000 shares authorized, and 35,883 and 35,852 shares issued as of March 31, 2018 and December 31, 2017, respectively	`CommonStockValue`	$359.00K	USD	Point-in-time
Common stock $0.01 par value, 230,000 shares authorized, and 35,883 and 35,852 shares issued as of March 31, 2018 and December 31, 2017, respectively	`CommonStockValue`	$359.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.31B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.32B	USD	Point-in-time
Treasury stock, at cost, 8,057 and 7,826 common shares at March 31, 2018 and December 31, 2017, respectively	`TreasuryStockValue`	$2.33B	USD	Point-in-time
Treasury stock, at cost, 8,057 and 7,826 common shares at March 31, 2018 and December 31, 2017, respectively	`TreasuryStockValue`	$2.41B	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-3.63M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-3.66M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.40B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.46B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.36B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.36B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$2.10B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$2.05B	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Revenue	`FoodAndBeverageRevenue`	$1.07B	USD	1 Quarter
Revenue	`FoodAndBeverageRevenue`	$1.15B	USD	1 Quarter
Food, beverage and packaging	`FoodAndBeverageCostOfSales`	$361.80M	USD	1 Quarter
Food, beverage and packaging	`FoodAndBeverageCostOfSales`	$371.92M	USD	1 Quarter
Labor	`CostOfGoodsSoldDirectLabor`	$318.86M	USD	1 Quarter
Labor	`CostOfGoodsSoldDirectLabor`	$287.85M	USD	1 Quarter
Occupancy	`OccupancyNet`	$85.26M	USD	1 Quarter
Occupancy	`OccupancyNet`	$78.96M	USD	1 Quarter
Other operating costs	`OtherCostAndExpenseOperating`	$148.07M	USD	1 Quarter
Other operating costs	`OtherCostAndExpenseOperating`	$150.61M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$69.44M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$77.06M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$46.91M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$39.28M	USD	1 Quarter
Pre-opening costs	`PreOpeningCosts`	$2.65M	USD	1 Quarter
Pre-opening costs	`PreOpeningCosts`	$4.07M	USD	1 Quarter
Loss on disposal and impairment of assets	`GainLossOnSalesOfAssetsAndAssetImpairmentCharges`	$-4.86M	USD	1 Quarter
Loss on disposal and impairment of assets	`GainLossOnSalesOfAssetsAndAssetImpairmentCharges`	$-3.65M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$995.66M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$1.06B	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$73.17M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$92.81M	USD	1 Quarter
Interest and other income, net	`OtherNonoperatingIncomeExpense`	$1.19M	USD	1 Quarter
Interest and other income, net	`OtherNonoperatingIncomeExpense`	$1.39M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$94.20M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$74.36M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$28.24M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$34.76M	USD	1 Quarter
Net income	`NetIncomeLoss`	$59.45M	USD	1 Quarter
Net income	`NetIncomeLoss`	$46.12M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.60	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$2.13	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$2.13	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.60	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	28.75M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.91M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.95M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	28.85M	shares	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$59.45M	USD	1 Quarter
Net income	`NetIncomeLoss`	$46.12M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$46.91M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$39.28M	USD	1 Quarter
Deferred income tax (benefit) provision	`DeferredIncomeTaxExpenseBenefit`	$5.68M	USD	1 Quarter
Deferred income tax (benefit) provision	`DeferredIncomeTaxExpenseBenefit`	$-3.11M	USD	1 Quarter
Loss on disposal and impairment of assets	`GainLossOnSalesOfAssetsAndAssetImpairmentCharges`	$-4.86M	USD	1 Quarter
Loss on disposal and impairment of assets	`GainLossOnSalesOfAssetsAndAssetImpairmentCharges`	$-3.65M	USD	1 Quarter
Bad debt allowance	`ProvisionForDoubtfulAccounts`	$180.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$16.46M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$12.10M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$320.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$8.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-18.69M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-13.77M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$3.74M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-2.45M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$4.79M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.93M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$401.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-3.85M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$17.24M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$708.00K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$18.83M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-3.69M	USD	1 Quarter
Income tax payable/receivable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$29.75M	USD	1 Quarter
Income tax payable/receivable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$18.01M	USD	1 Quarter
Deferred rent	`DeferredRent`	$5.42M	USD	1 Quarter
Deferred rent	`DeferredRent`	$8.88M	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$745.00K	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-2.35M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$150.59M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$201.12M	USD	1 Quarter
Purchases of leasehold improvements, property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$57.09M	USD	1 Quarter
Purchases of leasehold improvements, property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$57.52M	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireMarketableSecurities`	$168.75M	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireMarketableSecurities`	-	USD	1 Quarter
Maturities of investments	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$145.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-81.27M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-57.09M	USD	1 Quarter
Acquisition of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$72.63M	USD	1 Quarter
Acquisition of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$59.14M	USD	1 Quarter
Stock plan transactions and other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$6.00K	USD	1 Quarter
Stock plan transactions and other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-22.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-59.13M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-72.65M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$173.00K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-24.00K	USD	1 Quarter
Net change in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$47.17M	USD	1 Quarter
Net change in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$34.54M	USD	1 Quarter
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$261.34M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$150.91M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$214.17M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$116.37M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$261.34M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$150.91M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$214.17M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$116.37M	USD	Point-in-time

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$59.45M	USD	1 Quarter
Net income	`NetIncomeLoss`	$46.12M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$675.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$132.00K	USD	1 Quarter
Unrealized loss on available-for-sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$-276.00K	USD	1 Quarter
Unrealized loss on available-for-sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$-144.00K	USD	1 Quarter
Tax benefit, available-for-sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$-43.00K	USD	1 Quarter
Tax benefit, available-for-sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$-94.00K	USD	1 Quarter
Other comprehensive income, net of income taxes	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$493.00K	USD	1 Quarter
Other comprehensive income, net of income taxes	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$31.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$59.48M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$46.61M	USD	1 Quarter

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