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	Mar 30, 2025	Dec 29, 2024	Dec 31, 2023	Dec 25, 2022	Dec 26, 2021	Dec 27, 2020
Net Income	10.88	18.93	25.39	6.91	-2.11	-49.68
Depreciation & Amortization	62	57.72	41.22	34.23	32.38	30.73
Other Amortization	0.61	0.57	0.45	0.45	1.09	1.28
Loss (Gain) From Sale of Assets	0.53	0.53	0.86	0.92	-	-
Asset Writedown & Restructuring Costs	-0.11	-	0.5	-	0.38	0.32
Stock-Based Compensation	8.92	8.53	7.6	10.37	8.6	0.75
Other Operating Activities	31.83	33.73	26.59	20.5	16.67	-8.26
Change in Accounts Receivable	-1.83	-1.7	0.63	-1.71	-0.54	1.83
Change in Inventory	-0.79	-0.51	-0.06	-1.01	-1.11	-0.2
Change in Accounts Payable	2.01	0.64	-1.3	-3.47	6.7	-0.87
Change in Unearned Revenue	-0.44	-0.14	-0.66	0.72	0.65	-3.06
Change in Other Net Operating Assets	-2.79	-2.6	-5.89	-4.97	0.26	8.81
Operating Cash Flow	110.83	115.67	95.34	62.94	62.97	-18.36
Operating Cash Flow Growth	11.75%	21.33%	51.48%	-0.05%	-	-
Capital Expenditures	-135.92	-127.95	-84.53	-62.22	-35.31	-26.75
Cash Acquisitions	-75.23	-78.64	-39.88	-	-	-
Sale (Purchase) of Intangibles	-0.15	-0.1	-0.16	-1.11	-0.37	-0.23
Other Investing Activities	0.05	0.03	1.2	0.22	-	-
Investing Cash Flow	-211.26	-206.65	-123.37	-63.11	-35.68	-26.97
Short-Term Debt Issued	-	-	-	1.89	2.87	-
Long-Term Debt Issued	-	220	30	-	100	76.6
Total Debt Issued	103.5	220	30	1.89	102.87	76.6
Short-Term Debt Repaid	-	-	-1.38	-2.87	-0.52	-
Long-Term Debt Repaid	-	-149.29	-6.18	-2.39	-291.6	-43.29
Total Debt Repaid	-31.01	-149.29	-7.56	-5.26	-292.12	-43.29
Net Debt Issued (Repaid)	72.49	70.71	22.44	-3.37	-189.25	33.31
Issuance of Common Stock	3.42	6.43	5.83	1.43	182.1	-
Other Financing Activities	-0.38	-2.81	-0.2	-0.08	-7.12	-
Financing Cash Flow	75.53	74.33	28.07	-2.02	-14.27	73.31
Net Cash Flow	-24.9	-16.65	0.04	-2.19	13.02	27.98
Free Cash Flow	-25.09	-12.28	10.81	0.72	27.66	-45.11
Free Cash Flow Growth	-	-	1405.71%	-97.40%	-	-
Free Cash Flow Margin	-2.38%	-1.21%	1.21%	0.10%	4.60%	-13.18%
Free Cash Flow Per Share	-0.41	-0.20	0.18	0.01	0.57	-1.00
Cash Interest Paid	12.63	12.33	8.73	3.37	16.15	19.82
Cash Income Tax Paid	3.21	3.11	1.95	0.92	0.08	0.16
Levered Free Cash Flow	-44.49	-38.26	1.33	-8.37	25.23	-44.65
Unlevered Free Cash Flow	-36.75	-30.92	5.91	-5.54	36.7	-31.68
Change in Net Working Capital	-7.2	-3.27	-11.81	1.17	-14.33	6.85

Updated May 6, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q