CHIPOTLE MEXICAN GRILL INC
For the period ended Dec 31, 2024. Filed Feb 5, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 5, 2025
CMG$35.92+0.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Income and Comprehensive Income
(in thousands, except per share data)
| Year ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Food and beverage revenue | $11,247,384 | $9,804,124 | $8,558,001 |
| Delivery service revenue | 66,469 | 67,525 | 76,651 |
| Total revenue | 11,313,853 | 9,871,649 | 8,634,652 |
| Restaurant operating costs (exclusive of depreciation and amortization shown separately below): | |||
| Food, beverage and packaging | 3,374,516 | 2,912,564 | 2,602,245 |
| Labor | 2,789,789 | 2,440,982 | 2,197,958 |
| Occupancy | 563,374 | 503,264 | 460,425 |
| Other operating costs | 1,568,482 | 1,428,747 | 1,311,905 |
| General and administrative expenses | 697,483 | 633,584 | 564,191 |
| Depreciation and amortization | 335,030 | 319,394 | 286,826 |
| Pre-opening costs | 41,897 | 36,931 | 29,560 |
| Impairment, closure costs, and asset disposals | 26,949 | 38,370 | 21,139 |
| Total operating expenses | 9,397,520 | 8,313,836 | 7,474,249 |
| Income from operations | 1,916,333 | 1,557,813 | 1,160,403 |
| Interest and other income, net | 93,897 | 62,693 | 21,128 |
| Income before income taxes | 2,010,230 | 1,620,506 | 1,181,531 |
| Provision for income taxes | 476,120 | 391,769 | 282,430 |
| Net income | $1,534,110 | $1,228,737 | $899,101 |
| Earnings per share: | |||
| Basic | $1.12 | $0.89 | $0.65 |
| Diluted | $1.11 | $0.89 | $0.64 |
| Weighted-average common shares outstanding: | |||
| Basic | 1,368,343 | 1,377,768 | 1,392,543 |
| Diluted | 1,376,555 | 1,385,500 | 1,403,077 |
| Other comprehensive income/(loss), net of income taxes: | |||
| Foreign currency translation adjustments | $(3,625) | $1,231 | (2,534) |
| Comprehensive income | $1,530,485 | $1,229,968 | $896,567 |
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