The Cheesecake Factory Incorporated (CAKE)

The Cheesecake Factory Cash Flow Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Jan 2, 2024	Jan 3, 2023	Dec 28, 2021	Dec 29, 2020
Net Income	156.78	101.35	43.12	72.37	-253.37
Depreciation & Amortization	101.05	93.54	90.78	88.55	90.82
Loss (Gain) From Sale of Assets	0.4	-0.4	1.6	1.1	0.6
Asset Writedown & Restructuring Costs	12.77	27	31.33	17.94	208.07
Stock-Based Compensation	29.96	25.78	24.43	22.99	21.35
Other Operating Activities	-12.57	-15.72	-18.65	-20.85	-67.23
Change in Accounts Receivable	-1.72	-0.1	-12.27	-24.82	15.15
Change in Inventory	-6.88	-2.09	-12.73	-3.48	7.92
Change in Accounts Payable	-1.83	3.97	17.59	-3.68	-2.01
Change in Unearned Revenue	3.9	3.1	8.63	26.53	-3.32
Change in Income Taxes	3.25	0.85	14.65	0.72	-32.26
Change in Other Net Operating Assets	-16.8	-18.89	-26.56	35.63	17.19
Operating Cash Flow	268.33	218.4	161.93	213.01	2.91
Operating Cash Flow Growth	22.86%	34.88%	-23.98%	7224.83%	-98.67%
Capital Expenditures	-160.36	-151.57	-112.46	-66.94	-50.33
Sale (Purchase) of Intangibles	-1.05	-1.66	-0.68	-0.61	-0.59
Other Investing Activities	0.32	-0.27	0.33	-1.06	-
Investing Cash Flow	-161.1	-153.5	-112.82	-68.61	-50.91
Long-Term Debt Issued	-	15	130	345	90
Total Debt Issued	-	15	130	345	90
Long-Term Debt Repaid	-20	-15	-130	-150	-100
Total Debt Repaid	-20	-15	-130	-150	-100
Net Debt Issued (Repaid)	-20	-	-	195	-10
Issuance of Common Stock	12.48	-	0.08	199.79	0.61
Repurchase of Common Stock	-18.23	-46.09	-63.13	-5.77	-3.62
Preferred Dividends Paid	-	-	-	-18.66	-
Common Dividends Paid	-53.04	-53.21	-42.27	-0.34	-15.79
Dividends Paid	-53.04	-53.21	-42.27	-19	-15.79
Other Financing Activities	-	-24.24	-18.32	-35.1	-27.51
Financing Cash Flow	-78.79	-123.54	-123.64	-108.83	143.69
Foreign Exchange Rate Adjustments	-0.55	0.14	-0.33	-0.03	-0.02
Net Cash Flow	27.89	-58.49	-74.85	35.54	95.67
Free Cash Flow	107.96	66.84	49.46	146.06	-47.42
Free Cash Flow Growth	61.53%	35.13%	-66.14%	-	-
Free Cash Flow Margin	3.01%	1.94%	1.50%	4.99%	-2.39%
Free Cash Flow Per Share	2.20	1.36	0.98	3.01	-1.08
Cash Interest Paid	12.89	9.76	7.23	9.59	13.05
Cash Income Tax Paid	19.12	14.47	14.69	13.03	2.97
Levered Free Cash Flow	108.66	47.99	47.78	134.51	-59.05
Unlevered Free Cash Flow	114.98	54.34	52.46	141.19	-53.68
Change in Working Capital	-20.07	-13.15	-10.68	30.9	2.67

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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