Chipotle Mexican Grill 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 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	1,536	1,534	1,229	899.1	652.98
Depreciation & Amortization	361.38	335.03	319.39	286.83	254.66
Asset Writedown & Restructuring Costs	26.58	24.58	37.03	20.74	17.09
Stock-Based Compensation	119.54	131.73	124.02	98.03	176.39
Provision & Write-off of Bad Debts	-0.66	0.22	1.57	-0.76	0.49
Other Operating Activities	64.82	-46.41	-22.59	-59.4	-16.96
Change in Accounts Receivable	-11.38	-29.27	-11.22	-14.03	-1.69
Change in Inventory	-0.71	-9.8	-3.65	-3.01	-6.39
Change in Accounts Payable	-7.45	8.47	5.31	18.21	21.44
Change in Unearned Revenue	40.71	46.14	35.69	33.37	34.39
Change in Income Taxes	-24.13	-14.36	-5.24	46.26	193.38
Change in Other Net Operating Assets	9.46	124.65	74.42	-2.17	-43.7
Operating Cash Flow	2,114	2,105	1,783	1,323	1,282
Operating Cash Flow Growth	0.42%	18.03%	34.79%	3.21%	93.13%
Capital Expenditures	-666.34	-593.6	-560.73	-479.16	-442.48
Sale of Property, Plant & Equipment	-	20.11	-	-	4.04
Investment in Securities	631.25	-264.04	-385.28	-350.87	-83.6
Investing Cash Flow	-35.08	-837.53	-946.01	-830.03	-522.04
Repurchase of Common Stock	-2,475	-1,076	-661.5	-929.11	-546.33
Other Financing Activities	4.08	2.09	0.84	-0.29	-2.27
Financing Cash Flow	-2,471	-1,074	-660.65	-929.4	-548.61
Foreign Exchange Rate Adjustments	-0.42	-1.64	0.38	-1.01	-1.04
Net Cash Flow	-392.47	192.22	177.2	-437.26	210.39
Free Cash Flow	1,448	1,511	1,223	844.02	839.61
Free Cash Flow Growth	-4.23%	23.61%	44.87%	0.53%	189.03%
Free Cash Flow Margin	12.14%	13.36%	12.39%	9.78%	11.13%
Free Cash Flow Per Share	1.08	1.10	0.88	0.60	0.59
Cash Income Tax Paid	423.48	532.86	400.23	275.8	-17.83
Levered Free Cash Flow	1,012	1,173	927.68	703.12	704.52
Unlevered Free Cash Flow	1,012	1,174	928.65	703.36	704.64
Change in Working Capital	6.5	125.82	95.32	78.64	197.43

Source: S&P Global Market Intelligence. Standard template. Financial Sources.