Twin Hospitality Group 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
Period Ending	Sep '25 Sep 28, 2025	Dec '24 Dec 29, 2024	Dec '23 Dec 31, 2023	Dec '22 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