Texas Roadhouse Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 26, 2023	Dec '22 Dec 27, 2022	Dec '21 Dec 28, 2021
Net Income	414.34	444.35	313.68	277.6	253.31
Depreciation & Amortization	206.64	178.16	153.2	137.24	126.76
Stock-Based Compensation	47.77	47.06	34.23	36.66	38.14
Other Adjustments	9.95	-9.48	6.42	16.25	14.45
Change in Receivables	-21.31	-17.67	-24.42	11.06	-62.4
Changes in Inventories	-3.65	-2.44	0.11	-6.1	-9.23
Changes in Accounts Payable	18.96	13.14	23.08	5.41	27.73
Changes in Accrued Expenses	14.02	36.76	10.06	-8.03	33.09
Changes in Income Taxes Payable	-20.91	20.53	8.1	7.84	-0.35
Changes in Unearned Revenue	45.42	27.29	37.35	33.8	67.85
Changes in Other Operating Activities	18.85	15.94	3.19	-0.01	-20.52
Operating Cash Flow	730.07	753.63	564.98	511.73	468.83
Operating Cash Flow Growth	-3.13%	33.39%	10.41%	9.15%	103.45%
Capital Expenditures	-388	-354.34	-347.03	-246.12	-200.69
Sale of Property, Plant & Equipment	19.76	17.44	18.39	15.14	5.59
Purchases of Intangible Assets	-6	-	-	-	-
Purchases of Investments	-4.18	-	-	-	-
Payments for Business Acquisitions	-107.53	-	-39.15	-33.07	-
Other Investing Activities	2.55	-	-	0.32	-
Investing Cash Flow	-482.81	-336.9	-367.17	-263.73	-195.1
Short-Term Debt Repaid	-	-	-50	-50	-140
Net Short-Term Debt Issued (Repaid)	-	-	-50	-50	-140
Repurchase of Common Stock	-169.92	-97.61	-62.68	-226.44	-69.26
Net Common Stock Issued (Repurchased)	-169.92	-97.61	-62.68	-226.44	-69.26
Common Dividends Paid	-180.26	-162.86	-147.18	-124.14	-83.66
Other Financing Activities	-6.06	-15.27	-9.09	-9.2	-8.31
Financing Cash Flow	-357.77	-275.75	-267.43	-409.78	-301.23
Net Cash Flow	-110.52	140.98	-69.62	-161.78	-27.51
Free Cash Flow	342.07	399.29	217.95	265.6	268.13
Free Cash Flow Growth	-14.33%	83.20%	-17.94%	-0.94%	252.64%
FCF Margin	5.82%	7.43%	4.71%	6.62%	7.74%
Free Cash Flow Per Share	5.14	5.96	3.25	3.91	3.83
Levered Free Cash Flow	296.89	368.63	142.92	143.85	129.92
Unlevered Free Cash Flow	300.48	372.63	197.92	200.67	281.66

Updated Dec 30, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.