WINMARK CORPORATION
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $69.8M | $66.5M | $69.4M | $61.2M | $55.7M | $51.9M | $51.3M | $41.2M |
| Cost of Revenue | $2.4M | $2.1M | $2.7M | $2.6M | $2.2M | $2.6M | $2.4M | $2.2M |
| Gross Profit | $67.3M | $64.4M | $66.8M | $58.6M | $53.5M | $49.3M | $49.0M | $39.0M |
| Gross Margin | 96.5% | 96.8% | 96.2% | 95.7% | 96.0% | 95.0% | 95.4% | 94.6% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $25.2M | $23.9M | $24.1M | $23.8M | $22.2M | $20.3M | $19.0M | $18.6M |
| Operating Income | $38.8M | $38.2M | $37.1M | $33.1M | $29.8M | $27.3M | $24.8M | $18.5M |
| Operating Margin | 55.6% | 57.4% | 53.4% | 54.0% | 53.4% | 52.6% | 48.4% | 45.0% |
| Interest Expense | $2.4M | $2.3M | $1.8M | $484.5K | $213.5K | $392.3K | $112.0K | $980.2K |
| Pretax Income | $36.5M | $35.9M | $35.2M | $32.6M | $29.6M | $23.2M | $23.4M | $17.6M |
| Income Tax Expense | $11.9M | $13.7M | $13.4M | $12.5M | $11.4M | $10.2M | $9.3M | $7.2M |
| Net Income | $24.6M | $22.1M | $21.8M | $20.1M | $18.2M | $12.9M | $14.1M | $10.3M |
| Net Margin | 35.2% | 33.3% | 31.4% | 32.8% | 32.7% | 24.9% | 27.5% | 25.1% |
| EPS (Basic) | $6.06 | $5.37 | $4.89 | $3.96 | $3.60 | $2.57 | $2.83 | $2.05 |
| EPS (Diluted) | $5.66 | $5.11 | $4.69 | $3.85 | $3.48 | $2.47 | $2.69 | $1.98 |
| Shares Outstanding (Basic) | 4.1M | 4.1M | 4.5M | 5.1M | 5.1M | 5.0M | 5.0M | 5.0M |
| Shares Outstanding (Diluted) | 4.3M | 4.3M | 4.7M | 5.2M | 5.2M | 5.2M | 5.2M | 5.2M |
| Dividends Per Share | $0.43 | $0.37 | $0.27 | $0.23 | $0.19 | $0.15 | $0.11 | — |