Chipotle Mexican Grill 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 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	1,536	1,534	1,229	899.1	652.98
Depreciation & Amortization	361.38	335.03	319.39	286.83	254.66
Stock-Based Compensation	119.54	131.73	124.02	98.03	176.39
Other Adjustments	90.74	-21.61	16.01	-39.42	0.62
Change in Receivables	-11.38	-29.27	-11.22	-14.03	-1.69
Changes in Inventories	-0.71	-9.8	-3.65	-3.01	-6.39
Changes in Accounts Payable	-7.45	8.47	5.31	18.21	21.44
Changes in Accrued Expenses	-22.61	62.14	60.24	-18.1	-33.56
Changes in Income Taxes Payable	-24.13	-14.36	-5.24	46.26	193.38
Changes in Unearned Revenue	40.71	46.14	35.69	33.37	34.39
Changes in Other Operating Activities	32.07	62.51	14.19	15.93	-10.14
Operating Cash Flow	2,114	2,105	1,783	1,323	1,282
Operating Cash Flow Growth	0.42%	18.03%	34.79%	3.21%	93.13%
Capital Expenditures	-666.34	-593.6	-560.73	-479.16	-442.48
Sale of Property, Plant & Equipment	-	20.11	-	-	4.04
Purchases of Investments	-28.22	-986.67	-1,115	-614.42	-429.35
Proceeds from Sale of Investments	659.48	722.64	729.85	263.55	345.75
Investing Cash Flow	-35.08	-837.53	-946.01	-830.03	-522.04
Repurchase of Common Stock	-2,475	-1,076	-661.5	-929.11	-546.33
Net Common Stock Issued (Repurchased)	-2,475	-1,076	-661.5	-929.11	-546.33
Other Financing Activities	4.08	2.09	0.84	-0.29	-2.27
Financing Cash Flow	-2,471	-1,074	-660.65	-929.4	-548.61
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-0.42	-1.64	0.38	-1.01	-1.04
Net Cash Flow	-392.47	192.22	177.2	-437.26	210.39
Free Cash Flow	1,448	1,511	1,223	844.02	839.61
Free Cash Flow Growth	-4.23%	23.61%	44.87%	0.53%	189.03%
FCF Margin	12.14%	13.36%	12.39%	9.77%	11.12%
Free Cash Flow Per Share	1.08	1.10	0.88	0.60	0.59
Levered Free Cash Flow	1,249	1,431	1,094	799.43	664.28
Unlevered Free Cash Flow	1,192	1,359	1,046	783.35	974.48

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.