JACK IN THE BOX INC

For the period ended Sep 29, 2024. Filed Nov 21, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Nov 21, 2024

JACK$14.60-1.6%Stored close · as of Nov 10, 2026

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Contents

Item 8. Consolidated Statements of Cash Flows

(In thousands)

	Fiscal Year
	2024	2023	2022
Cash flows from operating activities:
Net (loss) earnings	$(36,695)	$130,826	$115,781
Adjustments to reconcile net (loss) earnings to net cash provided by operating activities:
Depreciation and amortization	59,776	62,287	56,100
Amortization of franchise tenant improvement allowances and incentives	4,998	4,647	4,446
Deferred finance cost amortization	4,830	5,040	5,496
Loss on extinguishment of debt	—	—	7,700
Excess tax deficiency from share-based compensation arrangements	51	71	123
Deferred income taxes	(10,812)	(11,989)	7,857
Share-based compensation expense	13,471	11,205	7,122
Pension and postretirement expense	6,843	6,967	303
(Gains) losses on cash surrender value of company-owned life insurance	(16,480)	(7,346)	12,668
Gains on the sale of company-operated restaurants	(3,255)	(17,998)	(3,878)
Gains on acquisition of restaurants	(2,702)	—	—
Losses (gains) on the disposition of property and equipment, net	185	(8,171)	(30,533)
Impairment charges and other	171,415	6,217	8,219
Changes in assets and liabilities, excluding acquisitions and dispositions:
Accounts and other receivables	19,905	(4,048)	(18,143)
Inventories	(25)	1,367	304
Prepaid expenses and other current assets	(297)	(1,422)	(3,275)
Operating lease right-of-use assets and lease liabilities	22,705	2,364	2,593
Accounts payable	(15,404)	(1,692)	16,243
Accrued liabilities	(135,159)	47,459	(9,081)
Pension and postretirement contributions	(5,937)	(6,241)	(6,690)
Franchise tenant improvement allowance and incentive disbursements	(2,486)	(3,265)	(2,989)
Other	(6,111)	(1,272)	(7,484)
Cash flows provided by operating activities	68,816	215,006	162,882
Cash flows from investing activities:
Purchases of property and equipment	(115,474)	(74,954)	(46,475)
Proceeds from the sale and leaseback of assets	1,728	3,673	10,768
Acquisition of Del Taco, net of cash acquired	—	—	(580,793)
Proceeds from the sale of company-operated restaurants	19,400	85,221	6,391
Proceeds from the sale of property and equipment	24,975	25,214	31,161
Other	—	3,065	360
Cash flows (used in) provided by investing activities	(69,371)	42,219	(578,588)
Cash flows from financing activities:
Borrowings on revolving credit facilities	6,000	—	68,000
Repayments of borrowings on revolving credit facilities	—	(50,000)	(18,000)
Proceeds from issuance of debt	—	—	1,100,000
Principal repayments on debt	(29,892)	(30,109)	(588,064)
Debt issuance costs	—	—	(20,599)
Dividends paid on common stock	(33,972)	(35,890)	(36,987)
Proceeds from issuance of common stock	2	263	51
Repurchases of common stock	(70,000)	(90,029)	(25,000)
Payroll tax payments for equity award issuances	(3,323)	(1,593)	(1,223)
Cash flows (used in) provided by financing activities	(131,185)	(207,358)	478,178
Net (decrease) increase in cash and restricted cash	(131,740)	49,867	62,472
Cash and restricted cash at beginning of year	185,907	136,040	73,568
Cash and restricted cash at end of year	$54,167	$185,907	$136,040

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.