Essay on Cheescake Factory

2031 Words Nov 27th, 2008 9 Pages
INTRODUCTION
The Cheesecake Factory Incorporated is in the “Restaurant Industry.” It started in the 1940s in the home of Oscar and Evelyn Overton. The business was so successful that in 1971, they moved the cheesecake business to Los Angeles and named it “The Cheesecake Factory”. In 1978, their son David founded The Cheesecake Factory restaurant in Beverly Hills and 30 years later you can find their restaurant in towns and cities all over the United States with new businesses opening all the time.
They do not offer franchise or joint venture opportunities and have no plans to do so in the future. They own and manage all of the full-service Cheesecake Factory restaurants and presently do not have plans for international expansion.
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Expenses,Total 98 72 57
Depreciation/Amortization 53 45 36
Total Operating Expense 1,208 1,052 872
Operating Income 107 130 97
Interest Income (Exp), Net Non-Operating 4 4 2
Other, Net 2 1 1
Net Income Before Taxes 113 134 100
Provision for Income Taxes 32 46 35
Net Income After Taxes 81 88 65
Net Income Before Extra. Items 81 88 65
Net Income 81 88 65
Income Available to Common Excl. Extra. Items 81 88 65
Income Available to Common Incl. Extra. Items 81 88 65
Basic/Primary Weighted Average Shares 78 78 78
Basic/Primary EPS Excl. Extra. Items 1.040 1.122 0.842
Basic/Primary EPS Incl. Extra. Items 1.040 1.122 0.842
Dilution Adjustment -- 0.0 0.0
Diluted Weighted Average Shares 79 80 79
Diluted EPS Excl. Extra. Items 1.023 1.097 0.823
Diluted EPS Incl. Extra. Items 1.023 1.097 0.823
DPS - Common Stock Primary Issue 0.00 0.00 0.00
Gross Dividend - Common Stock 0 0 0
Stock Based Compensation -- 11 9
Pro Forma Net Income -- 77 56
Pro Forma Basic EPS -- 0.980 0.730
Pro Forma Diluted EPS -- 0.960 0.710
Depreciation, Supplemental 53 45 36
Normalized Income Before Tax 113 134 100
Inc Tax Ex Impact of Sp Items 32 46 35
Normalized Income After Tax 81 88 65
Normalized

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