10-Q Filing

CHIPOTLE MEXICAN GRILL INC CIK: 1058090 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001193125-14-147849`
Period End Date	20140331
Filing Date	20140417
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	cmg-20140331.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`	$1.19M	USD	Point-in-time
Allowance for doubtful accounts, Accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.17M	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`	$323.20M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$346.93M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	600.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$322.55M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$411.59M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	600.00M	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $1,170 and $1,190 as of March 31, 2014 and Decemter 31, 2013, respectively	`AccountsReceivableNetCurrent`	$24.02M	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
Accounts receivable, net of allowance for doubtful accounts of $1,170 and $1,190 as of March 31, 2014 and Decemter 31, 2013, respectively	`AccountsReceivableNetCurrent`	$16.58M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventory	`InventoryNet`	$13.04M	USD	Point-in-time
Inventory	`InventoryNet`	$15.20M	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
Current deferred tax asset	`DeferredTaxAssetsLiabilitiesNetCurrent`	$13.21M	USD	Point-in-time
Current deferred tax asset	`DeferredTaxAssetsLiabilitiesNetCurrent`	$13.80M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	230.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	35.24M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	35.32M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$34.20M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$38.21M	USD	Point-in-time
Treasury stock, shares at cost	`TreasuryStockShares`	4.21M	shares	Point-in-time
Treasury stock, shares at cost	`TreasuryStockShares`	4.24M	shares	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$3.66M	USD	Point-in-time
Investments	`HeldToMaturitySecuritiesCurrent`	$254.97M	USD	Point-in-time
Investments	`HeldToMaturitySecuritiesCurrent`	$295.40M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$790.79M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$666.31M	USD	Point-in-time
Leasehold improvements, property and equipment, net	`PropertyPlantAndEquipmentNet`	$983.05M	USD	Point-in-time
Leasehold improvements, property and equipment, net	`PropertyPlantAndEquipmentNet`	$963.24M	USD	Point-in-time
Long term investments	`HeldToMaturitySecuritiesNoncurrent`	$313.86M	USD	Point-in-time
Long term investments	`HeldToMaturitySecuritiesNoncurrent`	$313.60M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$43.93M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$46.30M	USD	Point-in-time
Goodwill	`Goodwill`	$21.94M	USD	Point-in-time
Goodwill	`Goodwill`	$21.94M	USD	Point-in-time
Total assets	`Assets`	$2.16B	USD	Point-in-time
Total assets	`Assets`	$2.01B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$66.73M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$59.02M	USD	Point-in-time
Accrued payroll and benefits	`EmployeeRelatedLiabilitiesCurrent`	$67.19M	USD	Point-in-time
Accrued payroll and benefits	`EmployeeRelatedLiabilitiesCurrent`	$56.33M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$73.01M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$68.70M	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	$35.48M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$199.23M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$227.24M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$199.48M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$192.74M	USD	Point-in-time
Deferred income tax liability	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$-57.58M	USD	Point-in-time
Deferred income tax liability	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$-55.43M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$26.35M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$23.59M	USD	Point-in-time
Total liabilities	`Liabilities`	$510.65M	USD	Point-in-time
Total liabilities	`Liabilities`	$470.99M	USD	Point-in-time
Preferred stock, $0.01 par value, 600,000 shares authorized, no shares issued as of March 31, 2014 and December 31, 2013, respectively	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value, 600,000 shares authorized, no shares issued as of March 31, 2014 and December 31, 2013, respectively	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.01 par value, 230,000 shares authorized, and 35,323 and 35,245 shares issued as of March 31, 2014 and December 31, 2013, respectively	`CommonStockValue`	$352.00K	USD	Point-in-time
Common stock, $0.01 par value, 230,000 shares authorized, and 35,323 and 35,245 shares issued as of March 31, 2014 and December 31, 2013, respectively	`CommonStockValue`	$353.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$919.84M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$956.38M	USD	Point-in-time
Treasury stock, at cost, 4,235 and 4,212 common shares at March 31, 2014 and December 31, 2013, respectively	`TreasuryStockValue`	$673.16M	USD	Point-in-time
Treasury stock, at cost, 4,235 and 4,212 common shares at March 31, 2014 and December 31, 2013, respectively	`TreasuryStockValue`	$660.42M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax`	$1.49M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax`	$1.62M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.28B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.36B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.54B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.65B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$2.01B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$2.16B	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Revenue	`FoodAndBeverageRevenue`	$726.75M	USD	1 Quarter
Revenue	`FoodAndBeverageRevenue`	$904.16M	USD	1 Quarter
Food, beverage and packaging	`FoodAndBeverageCostOfSales`	$311.79M	USD	1 Quarter
Food, beverage and packaging	`FoodAndBeverageCostOfSales`	$239.59M	USD	1 Quarter
Labor	`CostOfGoodsSoldDirectLabor`	$171.47M	USD	1 Quarter
Labor	`CostOfGoodsSoldDirectLabor`	$208.21M	USD	1 Quarter
Occupancy	`OccupancyNet`	$54.85M	USD	1 Quarter
Occupancy	`OccupancyNet`	$47.62M	USD	1 Quarter
Other operating costs	`OtherCostAndExpenseOperating`	$76.66M	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`	$44.21M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$22.94M	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`	$2.89M	USD	1 Quarter
Loss on disposal of assets	`GainLossOnSalesOfAssetsAndAssetImpairmentCharges`	$-1.56M	USD	1 Quarter
Loss on disposal of assets	`GainLossOnSalesOfAssetsAndAssetImpairmentCharges`	$-1.34M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$768.51M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$606.71M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$120.04M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$135.65M	USD	1 Quarter
Interest and other income (expense), net	`OtherNonoperatingIncomeExpense`	$266.00K	USD	1 Quarter
Interest and other income (expense), net	`OtherNonoperatingIncomeExpense`	$689.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$120.31M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$136.34M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$43.73M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$53.27M	USD	1 Quarter
Net income	`NetIncomeLoss`	$83.07M	USD	1 Quarter
Net income	`NetIncomeLoss`	$76.58M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$2.47	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$2.67	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$2.64	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$2.45	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	31.06M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	31.01M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	31.49M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	31.23M	shares	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$82.94M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$75.48M	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`	$76.58M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$22.94M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$25.75M	USD	1 Quarter
Deferred income tax provision (benefit)	`DeferredIncomeTaxExpenseBenefit`	$1.55M	USD	1 Quarter
Deferred income tax provision (benefit)	`DeferredIncomeTaxExpenseBenefit`	$-1.92M	USD	1 Quarter
Loss on disposal of assets	`GainLossOnSalesOfAssetsAndAssetImpairmentCharges`	$-1.56M	USD	1 Quarter
Loss on disposal of assets	`GainLossOnSalesOfAssetsAndAssetImpairmentCharges`	$-1.34M	USD	1 Quarter
Bad debt allowance	`ProvisionForDoubtfulAccounts`	$9.00K	USD	1 Quarter
Bad debt allowance	`ProvisionForDoubtfulAccounts`	$-20.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$27.36M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$15.39M	USD	1 Quarter
Excess tax benefit on stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$8.96M	USD	1 Quarter
Excess tax benefit on stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$1.87M	USD	1 Quarter
Other	`OtherNoncashExpense`	$177.00K	USD	1 Quarter
Other	`OtherNoncashExpense`	$64.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-7.44M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.31M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$340.00K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$2.16M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$4.38M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$4.01M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$1.59M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$2.37M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$773.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$8.01M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-15.16M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-33.89M	USD	1 Quarter
Income tax payable/receivable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$42.72M	USD	1 Quarter
Income tax payable/receivable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$48.09M	USD	1 Quarter
Deferred rent	`StraightLineRent`	$-6.76M	USD	1 Quarter
Deferred rent	`StraightLineRent`	$-5.88M	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$2.12M	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$2.80M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$125.25M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$179.78M	USD	1 Quarter
Purchases of leasehold improvements, property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$47.23M	USD	1 Quarter
Purchases of leasehold improvements, property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$36.49M	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireHeldToMaturitySecurities`	$54.60M	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireHeldToMaturitySecurities`	$89.78M	USD	1 Quarter
Maturities of investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities`	$39.50M	USD	1 Quarter
Maturities of investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities`	$49.50M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-51.59M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-87.51M	USD	1 Quarter
Acquisition of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$12.74M	USD	1 Quarter
Acquisition of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$50.97M	USD	1 Quarter
Excess tax benefit on stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$8.96M	USD	1 Quarter
Excess tax benefit on stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$1.87M	USD	1 Quarter
Other financing proceeds (payments)	`ProceedsFromPaymentsForOtherFinancingActivities`	$120.00K	USD	1 Quarter
Other financing proceeds (payments)	`ProceedsFromPaymentsForOtherFinancingActivities`	$-56.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.84M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-48.98M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-40.00K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-304.00K	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$24.38M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$88.39M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$323.20M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$346.93M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$322.55M	USD	Point-in-time
Cash and cash equivalents at beginning 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`	$346.93M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$322.55M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$411.59M	USD	Point-in-time
Increase (decrease) in purchases of leasehold improvements, property and equipment accrued in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$-290.00K	USD	1 Quarter
Increase (decrease) in purchases of leasehold improvements, property and equipment accrued in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$2.81M	USD	1 Quarter

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