Twin Hospitality Group Inc. (TWNPQ)

Twin Hospitality Group Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022
Period Ending	Sep 28, 2025	Dec 29, 2024	Dec 31, 2023	Dec 25, 2022
Net Income	-69.38	-48.17	-13.84	-12.77
Depreciation & Amortization	19.63	23.52	12.38	8.46
Stock-Based Compensation	15.91	0.21	0.31	0.69
Other Operating Activities	2.65	12.87	4.04	5.08
Change in Accounts Receivable	-0.16	-0.85	-0.25	0.07
Change in Accounts Payable	1.82	0.31	0.17	-2.5
Change in Unearned Revenue	-0.59	0.76	0.96	1.12
Change in Other Net Operating Assets	-6.03	-3.67	2.27	-6.3
Operating Cash Flow	-27.86	-15.04	6.05	-6.16
Capital Expenditures	-12.17	-25.14	-23.87	-17.81
Sale of Property, Plant & Equipment	9.07	4.64	9.26	9.93
Other Investing Activities	-	-	-	1.5
Investing Cash Flow	-3.11	-20.5	-14.61	-6.38
Short-Term Debt Issued	-	23.44	15.22	4.69
Long-Term Debt Issued	-	415.73	9.41	7.18
Total Debt Issued	422.03	439.17	24.63	11.87
Long-Term Debt Repaid	-	-401.89	-8.89	-5.46
Net Debt Issued (Repaid)	15.66	37.28	15.74	6.42
Financing Cash Flow	15.66	37.28	15.74	6.42
Net Cash Flow	-15.31	1.74	7.18	-6.12
Free Cash Flow	-40.04	-40.18	-17.83	-23.97
Free Cash Flow Margin	-11.65%	-11.36%	-7.72%	-14.45%
Cash Interest Paid	38.49	36.84	26.14	21.33
Levered Free Cash Flow	-11.49	-33.48	-17.08	-
Unlevered Free Cash Flow	16.93	-4.65	1.49	-
Change in Working Capital	-4.96	-3.46	3.16	-7.61

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