Chipotle Mexican Grill, Inc. (TSX:CMGS)

Chipotle Mexican Grill Cash Flow Statement

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

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	1,419	1,536	1,534	1,229	899.1	652.98
Depreciation & Amortization	378.27	361.38	335.03	319.39	286.83	254.66
Asset Writedown & Restructuring Costs	38.5	26.58	24.58	37.03	20.74	17.09
Stock-Based Compensation	98.91	119.54	131.73	124.02	98.03	176.39
Provision & Write-off of Bad Debts	0.26	-0.66	0.22	1.57	-0.76	0.49
Other Operating Activities	105.8	64.82	-46.41	-22.59	-59.4	-16.96
Change in Accounts Receivable	3.31	-11.38	-29.27	-11.22	-14.03	-1.69
Change in Inventory	-6.43	-0.71	-9.8	-3.65	-3.01	-6.39
Change in Accounts Payable	17.32	-7.45	8.47	5.31	18.21	21.44
Change in Unearned Revenue	53.61	40.71	46.14	35.69	33.37	34.39
Change in Income Taxes	101.19	-24.13	-14.36	-5.24	46.26	193.38
Change in Other Net Operating Assets	117.38	9.46	124.65	74.42	-2.17	-43.7
Operating Cash Flow	2,328	2,114	2,105	1,783	1,323	1,282
Operating Cash Flow Growth	11.28%	0.42%	18.03%	34.79%	3.21%	93.13%

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-758.54	-666.34	-593.6	-560.73	-479.16	-442.48
Sale of Property, Plant & Equipment	-	-	20.11	-	-	4.04
Investment in Securities	662.04	631.25	-264.04	-385.28	-350.87	-83.6
Investing Cash Flow	-96.5	-35.08	-837.53	-946.01	-830.03	-522.04

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Repurchase of Common Stock	-2,849	-2,475	-1,076	-661.5	-929.11	-546.33
Other Financing Activities	5.33	4.08	2.09	0.84	-0.29	-2.27
Financing Cash Flow	-2,844	-2,471	-1,074	-660.65	-929.4	-548.61

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Foreign Exchange Rate Adjustments	1.07	-0.42	-1.64	0.38	-1.01	-1.04
Net Cash Flow	-611.48	-392.47	192.22	177.2	-437.26	210.39

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	1,569	1,448	1,511	1,223	844.02	839.61
Free Cash Flow Growth	7.03%	-4.23%	23.61%	44.87%	0.53%	189.03%
Free Cash Flow Margin	12.63%	12.14%	13.36%	12.39%	9.78%	11.13%
Free Cash Flow Per Share	1.20	1.08	1.10	0.88	0.60	0.59
Levered Free Cash Flow	1,116	1,012	1,173	927.68	703.12	704.52
Unlevered Free Cash Flow	1,117	1,012	1,174	928.65	703.36	704.64

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Income Tax Paid	226.82	423.48	532.86	400.23	275.8	-17.83
Change in Working Capital	286.38	6.5	125.82	95.32	78.64	197.43

Data Source: S&P Global Market Intelligence Last updated: Jul 31, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Oct 4, 2026

Data Sources Report a data error