Cheesecake Factory Investor Presentation Deck
Net income/(loss) per common share (GAAP).
Impairment of assets and lease termination expenses
- Partial IRS settlement
- Termination of Interest rate swap
- Chairman and CEO employment agreement
- Proceeds from variable life insurance contract
- Loss on investment in unconsolidated affiliates
- Gain on investment in unconsolidated affiliates
- Acquisition-related costs
(1)
- Acquisition-related contingent consideration, compensation and amortization expenses/(benefit)
- Dividends on Series A preferred stock
- Net income attributable to Series A preferred stock to apply if-converted method
- Direct and incremental Series A preferred stock issuance costs
- Assumed impact of potential conversion of Series A preferred stock into common stock
- COVID-19 related costs (2)
- Uncertain tax positions.
- Tax effect of adjustments (3)
- One-time tax items (4)
Adjusted net income/(loss) per common share (non-GAAP)
Diluted net income/(loss) per common share (GAAP)
- Impairment of assets and lease termination expenses
- Partial IRS settlement
- Termination of Interest rate swap
- Chairman and CEO employment agreement
- Proceeds from variable life insurance contract
Non-GAAP Reconciliation
- Loss on investment in unconsolidated affiliates
- Gain on investment in unconsolidated affiliates
- Acquisition-related costs
- Acquisition-related contingent consideration, compensation and amortization expenses/(benefit)
Dividends on Series A preferred stock
-Net income attributable to Series A preferred stock to apply if-converted method
- Direct and incremental Series A preferred stock issuance costs
- Assumed impact of potential conversion of Series A preferred stock into common stock
- COVID-19 related costs
- Uncertain tax positions.
- Tax effect of adjustments
- One-time tax items
Adjusted diluted net income/(loss) per common share (non-GAAP) (5)
2008
$ 52,293
2,952
$ 54,064
$
0.82
0.05
2009
$ 42,833
26,541
(1,181) (14,605)
(0.03)
7,421
2,550
$
(668)
$ 64,072
0.71
0.44
-
0.12
0.04
(0.01)
(4) Fiscal 2017 includes a $38.5 million benefit to the income tax provision related to tax reform enacted in December 2017.
(5) Adjusted diluted net income/(loss) per common share may not add due to rounding.
(0.23)
2011
2010
$81,713 $ 95,720
7,376
$
(2,951)
$86,138
1.35
-
0.12
(0.05)
1,547
(1,794)
$
(331)
$ 95,142
The Cheesecake Factory Incorporated Reconciliation of Non-GAAP Financial Measures
($ in thousands, except per share data)
2012
$ 98,423
9,536
(419)
1.64 $
0.03
(0.03)
(3,814)
$103,726.
(0.01)
2013
$114,356
(561)
(0.06)
224
1.78 $ 2.10
0.17
(0.01)
$ 114,019
0.01
2014
$ 101,276
696
(278)
$ 101,694
$
1.96
0.01
Fiscal Year
2015
2016
$116,523 $ 139,494
6,011
114
(2,404)
$ 120,130
$ 2.30
0.12
(0.05)
(46)
$139,562
$ 2.83
0.00
0.00
2017
$157,392
10,343
479
2018
$ 99,035
17,861
4,754
0.01
(5,880)
$ 3.27 $ 2.14
0.21
0.39
(4,329)
(38,525)
$125,360 $115,770 $116,428
0.10
2019
$127,293
18,247
(0.12)
13,439
(52,672)
5,270
1,033
(0.09)
(0.80)
1.88 $ 2.10 $ 1.97 $ 2.37 $ 2.83 $ 2.60 $ 2.51 $ 2.61
3,818
$ 2.86
0.41
0.30
(1.18)
0.12
0.02
0.09
$ 0.84 $ 1.07 $ 1.42 $ 1.64
$
(1) A detailed breakdown of impairment of assets and lease termination expenses recorded in the fourteen and fifty-three weeks ended January 3, 2023 and thirteen and fifty-two weeks ended December 28, 2021 can be found in the Selected Segment Information table.
(2) Represents incremental costs associated with COVID-19 such as sick and vaccination pay, healthcare and meal benefits for furloughed staff members, additional sanitation and personal protective equipment.
(3) The tax effect assumes a tax rate based on the federal statutory rate and an estimated blended state tax rate..
2020
S (277,107)
219,333
$
2,699
$
(3,872)
13,485
10,257
22,963
(62,692)
(74,934)
$ (6.32) $
4.36
0.05
(0.08)
0.27
0.20
0.80
0.46
(1.25)
$
(1.49)
2021
49,131
18,139
$
2,354
19,510
18,661
4,581
$ 112,753
4,917
7,139
(11,679)
1.01
0.34
0.04
0.37
0.35
0.09
(0.08)
0.09
0.13
(0.22)
2022
S 43,123
31,387
$
$
2.13 $
13,368
(11,637)
76,241
0.86
0.62
0.27
(0.23)
1.51
heesecake Factory 27View entire presentation