First Watch Restaurant Group, Inc. (FWRG)

FWRG Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 28, 2025	Dec 29, 2024	Dec 31, 2023	Dec 26, 2022	Dec 27, 2021	Dec 27, 2020
Net Income	4.97	18.93	25.39	6.91	-2.11	-49.68
Depreciation & Amortization	70.11	57.72	41.22	34.23	32.38	30.73
Stock-Based Compensation	10.06	8.53	7.6	10.37	8.6	0.75
Other Adjustments	33.7	34.85	29.6	21.86	18.14	-6.67
Change in Receivables	-0.57	-1.7	0.63	-1.71	-0.54	1.83
Changes in Inventories	-0.97	-0.51	-0.06	-1.01	-1.11	-0.2
Changes in Accounts Payable	0.36	0.64	-1.3	-3.47	6.7	-0.87
Changes in Accrued Expenses	12.99	2.18	9.89	1.44	12.34	-0.74
Changes in Unearned Revenue	-0.27	-0.14	-0.66	0.72	0.65	-3.06
Changes in Other Operating Activities	-0.01	-4.82	-16.98	-6.41	-12.08	9.55
Operating Cash Flow	130.38	115.67	95.34	62.94	62.97	-18.36
Operating Cash Flow Growth	13.33%	21.33%	51.48%	-0.05%	-	-
Capital Expenditures	-160.75	-127.92	-83.33	-62.22	-35.31	-26.75
Purchases of Intangible Assets	-0.83	-0.1	-0.16	-1.11	-0.37	-0.23
Payments for Business Acquisitions	-54.92	-78.64	-39.88	-	-	-
Other Investing Activities	0.02	-	-	0.22	-	-
Investing Cash Flow	-216.51	-206.65	-123.37	-63.11	-35.68	-26.97
Short-Term Debt Issued	261.5	22.5	30	-	-	22
Short-Term Debt Repaid	-226.5	-52.5	-	-	-	-39
Net Short-Term Debt Issued (Repaid)	35	-30	30	-	-	-17
Long-Term Debt Issued	27.5	197.5	-	1.89	102.87	54.6
Long-Term Debt Repaid	-8.47	-96.79	-7.56	-5.26	-292.12	-4.29
Net Long-Term Debt Issued (Repaid)	19.03	100.71	-7.56	-3.37	-189.25	50.31
Issuance of Common Stock	1.69	6.43	5.83	1.43	182.1	-
Net Common Stock Issued (Repurchased)	1.69	6.43	5.83	1.43	182.1	-
Issuance of Preferred Stock	-	-	-	-	-	40
Net Preferred Stock Issued (Repurchased)	-	-	-	-	-	40
Other Financing Activities	-	-2.81	-0.2	-0.08	-7.12	-
Financing Cash Flow	55.71	74.33	28.07	-2.02	-14.27	73.31
Net Cash Flow	-30.42	-16.65	0.04	-2.19	13.02	27.98
Free Cash Flow	-30.38	-12.24	12.01	0.72	27.66	-45.11
Free Cash Flow Growth	-	-	1572.56%	-97.40%	-	-
FCF Margin	-2.60%	-1.21%	1.35%	0.10%	4.60%	-13.18%
Free Cash Flow Per Share	-0.49	-0.20	0.20	0.01	0.56	-1.00
Levered Free Cash Flow	-19.54	16.79	-3.38	-33.17	-187.79	-7.71
Unlevered Free Cash Flow	-65.41	-46.57	-22.17	-27.43	-123.1	-25.07

Updated May 5, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q