5 Year Performance Consolidated

Statement of Operations Data

(in thousands, except share data)
Fiscal Years 2013 2012 2011 2010 2009
Sales $2,265,884 $2,225,659 $2,012,170 $1,755,244 $1,704,065
Franchise revenues:                    
      Rents & royalties   $821,221   $780,992   $733,217   $687,039   $644,755
      Franchise fees   $168,428   $113,853   $107,579   $94,212   $90,033
      Total revenues   $3,255,533   $3,120,504   $2,852,966   $2,536,495   $2,438,853
                     
Corporate reorgnizaion expenses   $11,761   $18,874   -   -   -
Debranding costs   $19,016   -   -   -   -
Asset impairment and related closure costs   $2,889   $(372)   $372   $28,298   -
Other costs and expenses   $2,600,772   $2,507,477   $2,283,119   $1,997,034   $1,913,251
Total Costs and Expenses   $2,634,438   $2,525,979   $2,283,491   $2,025,332   $1,913,251
                     
Gain on sale of interest in Maidstone Bakeries   -   -   -   $(361,075)   -
                     
Operating Income   $621,095   $594,525   $569,475   $872,238   $525,602
                     
Interest expense, net   $35,466   $30,413   $25,873   $24,180   $19,184
Income before income taxes   $585,629   $564,112   $543,602   $848,058   $506,418
Income taxes   $156,980   $156,346   $157,854   $200,940   $186,606
                     
Net income   $428,649   $407,766   $385,748   $647,118   $319,812
Net income attributable to noncontrolling interests   $4,280   $4,881   $2,936   $23,159   $23,445
Net income attributable to Tim Hortons Inc   $424,369   $402,885   $382,812   $623,959   $296,367
                     
Diluted Earnings per Share   $2.82   $2.59   $2.35   $3.58   $1.64
Weighted average number of shares   150,622   155,676   162,597   174,215   180,609