Shake Shack Inc. (SHAK)

Shake Shack 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 31, 2025	Dec 25, 2024	Dec 27, 2023	Dec 28, 2022	Dec 29, 2021
Net Income	49.71	10.82	20.99	-23.11	-6.02
Depreciation & Amortization	108.79	104.61	93.04	74.3	60.24
Stock-Based Compensation	19.5	15.92	14.89	13.33	8.7
Other Adjustments	111.81	109.25	61.18	57.64	39.55
Change in Receivables	-9.55	-2.84	-2.97	9.14	-4.19
Changes in Inventories	-1.17	-0.61	-1.22	-0.33	-0.96
Changes in Accounts Payable	-1.53	3.36	0.69	3.54	-6.45
Changes in Accrued Expenses	29.96	11.12	12.84	6.36	11.38
Changes in Other Operating Activities	-85.17	-80.47	-67.29	-64.12	-43.84
Operating Cash Flow	222.36	171.16	132.14	76.74	58.4
Operating Cash Flow Growth	29.91%	29.53%	72.19%	31.40%	56.37%
Capital Expenditures	-165.85	-135.5	-146.17	-142.56	-101.5
Purchases of Investments	-	-	-94.71	-0.87	-47.4
Proceeds from Sale of Investments	-	69.42	108.56	-	4
Investing Cash Flow	-165.85	-66.08	-132.32	-143.42	-144.89
Long-Term Debt Issued	-	-	-	-	243.75
Net Long-Term Debt Issued (Repaid)	-	-	-	-	243.75
Issuance of Common Stock	0.12	1.63	0.74	0.42	6.73
Repurchase of Common Stock	-9.82	-6.2	-2.99	-2.24	-3.55
Net Common Stock Issued (Repurchased)	-9.7	-4.57	-2.25	-1.82	3.18
Other Financing Activities	-7.36	-4.48	-3.43	-3.38	-4.91
Financing Cash Flow	-17.1	-9.02	-5.68	-5.2	242.02
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-	0	-0	-0	-0
Net Cash Flow	39.41	96.06	-5.87	-71.89	155.53
Free Cash Flow	56.51	35.66	-14.03	-65.82	-43.09
Free Cash Flow Growth	58.48%	-	-	-	-
FCF Margin	3.91%	2.85%	-1.29%	-7.31%	-5.82%
Free Cash Flow Per Share	1.35	0.81	-0.32	-1.68	-
Levered Free Cash Flow	-69.24	-87.28	-87.85	-144.04	158.06
Unlevered Free Cash Flow	-72.17	-95.18	-100.79	-148.4	-86.63

Updated Feb 26, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q