Chipotle Mexican Grill Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	1,537	1,534	1,229	899.1	652.98	355.77
Depreciation & Amortization	352.56	335.03	319.39	286.83	254.66	238.53
Asset Writedown & Restructuring Costs	18.71	24.58	37.03	20.74	17.09	28.87
Stock-Based Compensation	139.79	131.73	124.02	98.03	176.39	82.63
Provision & Write-off of Bad Debts	-1.12	0.22	1.57	-0.76	0.49	0.16
Other Operating Activities	62.59	-46.41	-22.59	-59.4	-16.96	111.99
Change in Accounts Receivable	-1.36	-29.27	-11.22	-14.03	-1.69	3.01
Change in Inventory	3.15	-9.8	-3.65	-3.01	-6.39	-0.39
Change in Accounts Payable	15.48	8.47	5.31	18.21	21.44	-3.86
Change in Unearned Revenue	45.37	46.14	35.69	33.37	34.39	36.96
Change in Income Taxes	-27.69	-14.36	-5.24	46.26	193.38	-255.25
Change in Other Net Operating Assets	70.78	124.65	74.42	-2.17	-43.7	65.43
Operating Cash Flow	2,215	2,105	1,783	1,323	1,282	663.85
Operating Cash Flow Growth	20.13%	18.03%	34.79%	3.21%	93.13%	-8.01%
Capital Expenditures	-641.77	-593.6	-560.73	-479.16	-442.48	-373.35
Sale of Property, Plant & Equipment	20.11	20.11	-	-	4.04	-
Investment in Securities	478.29	-264.04	-385.28	-350.87	-83.6	-59.37
Investing Cash Flow	-143.37	-837.53	-946.01	-830.03	-522.04	-432.72
Repurchase of Common Stock	-2,072	-1,076	-661.5	-929.11	-546.33	-102.96
Other Financing Activities	4.08	2.09	0.84	-0.29	-2.27	-1.9
Financing Cash Flow	-2,068	-1,074	-660.65	-929.4	-548.61	-104.85
Foreign Exchange Rate Adjustments	-0.33	-1.64	0.38	-1.01	-1.04	1.08
Net Cash Flow	3.12	192.22	177.2	-437.26	210.39	127.36
Free Cash Flow	1,573	1,511	1,223	844.02	839.61	290.5
Free Cash Flow Growth	25.74%	23.61%	44.87%	0.53%	189.03%	-25.08%
Free Cash Flow Margin	13.35%	13.36%	12.39%	9.78%	11.13%	4.85%
Free Cash Flow Per Share	1.16	1.10	0.88	0.60	0.59	0.20
Cash Income Tax Paid	443.31	532.86	400.23	275.8	-17.83	85.01
Levered Free Cash Flow	1,142	1,169	927.68	703.12	704.52	-5.3
Unlevered Free Cash Flow	1,143	1,170	928.65	703.36	704.64	-4.95
Change in Working Capital	105.73	125.82	95.32	78.64	197.43	-154.11

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