Noodles & Company 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	Jan '24 Jan 2, 2024	Jan '23 Jan 3, 2023	Dec '21 Dec 28, 2021	Dec '20 Dec 29, 2020
Net Income	-45.45	-36.21	-9.86	-3.31	3.67	-23.26
Depreciation & Amortization	27.91	29.07	26.79	23.27	22.33	21.71
Other Amortization	0.85	0.61	0.37	0.72	0.44	0.37
Loss (Gain) From Sale of Assets	5.05	4.49	4.22	3.52	1.06	1.89
Asset Writedown & Restructuring Costs	15.7	9.91	-0.23	-1.26	2.47	2.89
Stock-Based Compensation	2.95	3.61	4.24	4.33	4.11	2.5
Other Operating Activities	0.02	0.02	-0.18	-0.04	-0.38	-0.16
Change in Accounts Receivable	-0.14	1.09	1.2	-2.58	-0.49	-0.39
Change in Inventory	-0.59	-0.7	-0.3	-0.74	-0.38	0.06
Change in Accounts Payable	-0.98	-1.94	2.21	-0.56	4.69	-1.29
Change in Income Taxes	0.03	0.01	-0.16	-0.07	-0.06	0.06
Change in Other Net Operating Assets	-6.97	-2.38	-0.79	-13.72	-1.3	4.74
Operating Cash Flow	-1.63	7.56	27.5	9.56	36.17	9.12
Operating Cash Flow Growth	-	-72.50%	187.69%	-73.57%	296.37%	-69.65%
Capital Expenditures	-13.85	-28.77	-52.04	-33.89	-18.78	-11.78
Divestitures	2.05	2.05	-	1.58	-	-
Other Investing Activities	-2.05	-	0.24	-	0.41	0.84
Investing Cash Flow	-13.85	-26.71	-51.8	-32.31	-18.37	-10.95
Long-Term Debt Issued	-	20.82	34.5	58.29	-	55.5
Long-Term Debt Repaid	-	-2.44	-2.39	-34.84	-23.48	-55.39
Net Debt Issued (Repaid)	17.9	18.38	32.12	23.45	-23.48	0.11
Issuance of Common Stock	-	-	-	-	0.1	-
Repurchase of Common Stock	-	-	-4.98	-	-	-
Other Financing Activities	-1.04	-1.09	-1.34	-1.43	-	-0.91
Financing Cash Flow	16.86	17.29	25.8	22.02	-23.38	-0.8
Net Cash Flow	1.39	-1.86	1.49	-0.73	-5.59	-2.62
Free Cash Flow	-15.48	-21.21	-24.55	-24.33	17.39	-2.66
Free Cash Flow Margin	-3.13%	-4.30%	-4.88%	-4.78%	3.66%	-0.68%
Free Cash Flow Per Share	-0.34	-0.47	-0.54	-0.53	0.38	-0.06
Cash Interest Paid	8.6	7.5	3.98	1.5	1.4	2.5
Cash Income Tax Paid	0.01	0.03	0.16	0.12	0.11	-0.07
Levered Free Cash Flow	2.78	-8.12	-19.18	36,788	26.65	0.6
Unlevered Free Cash Flow	8.52	-3.49	-16.55	36,789	27.51	2.2
Change in Working Capital	-8.66	-3.93	2.16	-17.67	2.45	3.18

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