The Cheesecake Factory Incorporated (CAKE)

The Cheesecake Factory Cash Flow Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 30, 2025	Dec 31, 2024	Jan 2, 2024	Jan 3, 2023	Dec 28, 2021
Net Income	165.03	148.43	156.78	101.35	43.12	72.37
Depreciation & Amortization	110.93	109.03	101.45	93.14	92.38	89.65
Stock-Based Compensation	26.67	27.23	29.96	25.78	24.43	22.97
Other Adjustments	19.07	28.51	6.71	2.57	12.68	-2.91
Change in Receivables	-2.52	-6.51	-4.08	-1.72	-12.27	-24.82
Changes in Inventories	6.64	0.85	10.56	-6.88	14.65	-3.48
Changes in Accounts Payable	-11.86	-14.5	1.7	-1.83	13.74	-1
Changes in Accrued Expenses	5.53	3.1	33.53	21.15	8.63	50.1
Changes in Income Taxes Payable	-0.19	-0.1	-3.29	3.25	-	0.72
Changes in Unearned Revenue	5.78	3.97	-13.96	3.9	17.59	26.53
Changes in Other Operating Activities	-46.79	-43.9	-27.67	-37.95	-42.59	-8.87
Operating Cash Flow	319.09	301.28	268.33	218.4	161.93	213.01
Operating Cash Flow Growth	13.76%	12.28%	22.86%	34.88%	-23.98%	7485.68%
Capital Expenditures	-146.77	-146.2	-160.36	-151.57	-112.46	-66.94
Purchases of Intangible Assets	-0.83	-1.06	-1.05	-1.66	-0.68	-0.61
Other Investing Activities	-	-	0.32	-0.27	0.33	-1.06
Investing Cash Flow	-147.6	-147.26	-161.1	-153.5	-112.82	-68.61
Short-Term Debt Issued	-	-	-	15	130	-
Short-Term Debt Repaid	-	-110	-20	-15	-130	-150
Net Short-Term Debt Issued (Repaid)	-	-110	-20	0	0	-150
Long-Term Debt Issued	287.5	575	-	-	-	345
Long-Term Debt Repaid	-	-289.8	-	-	-	-
Net Long-Term Debt Issued (Repaid)	287.5	285.2	-	-	-	345
Issuance of Common Stock	14.05	24.61	12.48	-	0.08	199.79
Repurchase of Common Stock	-30.94	-153.9	-18.23	-46.09	-63.13	-5.77
Net Common Stock Issued (Repurchased)	-16.89	-129.29	-5.75	-46.09	-63.05	194.02
Repurchase of Preferred Stock	-	-	-	-	-	-443.75
Net Preferred Stock Issued (Repurchased)	-	-	-	-	-	-443.75
Common Dividends Paid	-53.94	-52.19	-53.04	-53.21	-42.27	-0.84
Preferred Share Dividends Paid	-	-	-	-	-	-18.66
Other Financing Activities	-1.17	-16.5	-	-24.24	-18.32	-35.1
Financing Cash Flow	-72	-22.78	-78.79	-123.54	-123.64	-108.83
Effect of Exchange Rate Changes on Cash and Cash Equivalents	0.19	0.32	-0.55	0.14	-0.33	-0.03
Net Cash Flow	99.68	131.55	27.89	-58.49	-74.85	35.54
Free Cash Flow	172.32	155.08	107.96	66.84	49.46	146.06
Free Cash Flow Growth	11.12%	43.64%	61.53%	35.13%	-66.14%	-
FCF Margin	4.53%	4.13%	3.01%	1.94%	1.50%	4.99%
Free Cash Flow Per Share	3.56	3.19	2.20	1.36	0.98	3.01
Levered Free Cash Flow	375.8	235.88	78.74	24.57	35.06	354.08
Unlevered Free Cash Flow	96.12	82.9	105.41	33.24	42.98	169.89

Updated May 4, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q