The Chefs' Warehouse, Inc. (CHEF)

The Chefs' Warehouse Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 26, 2025	Dec 27, 2024	Dec 29, 2023	Dec 30, 2022	Dec 24, 2021
Net Income	72.36	55.48	34.59	27.75	-4.92
Depreciation & Amortization	78.13	59.49	49.63	32.49	28.89
Other Amortization	-	5.45	5.98	5.76	6.08
Asset Writedown & Restructuring Costs	8.02	-	1.84	-	0.6
Stock-Based Compensation	21.24	17.78	20.04	13.6	11.48
Provision & Write-off of Bad Debts	12.12	11.98	8.08	6.05	-0.42
Other Operating Activities	12.98	4.34	16.65	35.43	0.75
Change in Accounts Receivable	-35.85	-44.81	-48.81	-48.23	-70.78
Change in Inventory	-67.11	-32.21	-28.76	-49.93	-60.8
Change in Accounts Payable	31.37	87.31	19.6	19.16	71.52
Change in Other Net Operating Assets	-4.04	-11.75	-17.19	-18.94	-2.29
Operating Cash Flow	129.22	153.06	61.64	23.13	-19.9
Operating Cash Flow Growth	-15.58%	148.32%	166.44%	-	-
Capital Expenditures	-41.43	-49.51	-57.43	-45.85	-38.8
Cash Acquisitions	-4.58	-0.32	-121.88	-186.18	-10.19
Other Investing Activities	-0.75	-	-	-	-
Investing Cash Flow	-46.76	-49.82	-179.31	-232.02	-48.99
Long-Term Debt Issued	-	46.43	60	629.72	51.75
Long-Term Debt Repaid	-48.57	-56.48	-35.55	-351.07	-57.61
Net Debt Issued (Repaid)	-48.57	-10.05	24.45	278.65	-5.86
Issuance of Common Stock	-	0.18	0.06	0.07	-
Repurchase of Common Stock	-27	-24.81	-2.13	-2.67	-1.83
Other Financing Activities	-0.66	-3.8	-13.36	-22.83	-1.53
Financing Cash Flow	-76.22	-38.48	9.01	253.22	-9.22
Foreign Exchange Rate Adjustments	0.09	0.02	-0.26	-0.68	-0.01
Net Cash Flow	6.33	64.78	-108.92	43.65	-78.13
Free Cash Flow	87.79	103.56	4.21	-22.71	-58.7
Free Cash Flow Growth	-15.22%	2358.57%	-	-	-
Free Cash Flow Margin	2.12%	2.73%	0.12%	-0.87%	-3.36%
Free Cash Flow Per Share	1.91	2.25	0.09	-0.59	-1.60
Cash Interest Paid	-	42.76	42.07	27.23	15.39
Cash Income Tax Paid	-	18.52	17.93	4.28	-0.23
Levered Free Cash Flow	67.19	86.95	-3.05	-90.92	-58.02
Unlevered Free Cash Flow	93.17	117.38	25.37	-63.51	-47.02
Change in Working Capital	-75.64	-1.45	-75.17	-97.94	-62.35

Updated Feb 11, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q