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	405.55	433.59	304.88	269.82	245.29
Depreciation & Amortization	206.64	178.16	153.2	137.24	126.76
Loss (Gain) From Sale of Assets	-	3.57	3.78	4.51	3.17
Asset Writedown & Restructuring Costs	-	0.85	0.2	2.47	0.67
Loss (Gain) on Equity Investments	-	-0.06	-0.66	-0.22	1.71
Stock-Based Compensation	47.77	47.06	34.23	36.66	38.14
Provision & Write-off of Bad Debts	-	-0.03	-0.01	0.03	0.01
Other Operating Activities	18.73	-3.05	11.91	17.24	16.92
Change in Accounts Receivable	-	-17.67	-24.42	11.06	-62.4
Change in Inventory	-	-2.44	0.11	-6.1	-9.23
Change in Accounts Payable	-	13.14	23.08	5.41	27.73
Change in Unearned Revenue	-	27.29	37.35	33.8	67.85
Change in Income Taxes	-	20.53	8.1	7.84	-0.35
Change in Other Net Operating Assets	51.38	52.7	13.25	-8.03	12.57
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	-	1.44	2.11	2.27	-
Cash Acquisitions	-107.53	-	-39.15	-33.07	-
Investment in Securities	-	-	0.63	0.32	-
Other Investing Activities	12.71	16	16.28	12.87	5.59
Investing Cash Flow	-482.81	-336.9	-367.17	-263.73	-195.1
Long-Term Debt Repaid	-	-	-50	-50	-140
Net Debt Issued (Repaid)	-	-	-50	-50	-140
Issuance of Common Stock	-	0.37	0.41	0.31	0.6
Repurchase of Common Stock	-150.44	-97.61	-62.68	-226.44	-69.26
Common Dividends Paid	-180.26	-162.86	-147.18	-124.14	-83.66
Other Financing Activities	-27.07	-15.64	-7.97	-9.51	-8.91
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%
Free Cash Flow 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
Cash Interest Paid	-	0.89	1.12	1.55	3.19
Cash Income Tax Paid	-	87.33	39.86	25.91	39.79
Levered Free Cash Flow	226.83	257.25	124.07	180.05	210.88
Unlevered Free Cash Flow	226.83	257.25	124.07	180.13	213.17
Change in Working Capital	51.38	93.55	57.46	43.98	36.16

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