CHEESECAKE FACTORY INC

For the period ended Jan 2, 2024. Filed Feb 26, 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 Feb 26, 2024

CAKE$108.80-1.9%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Income

(In thousands, except per share data)


· · Fiscal Year
	2023		2022		2021

Revenues		$3,439,503		$3,303,156		$2,927,540
Costs and expenses:
Food and beverage costs		803,500		810,926		653,133
Labor expenses		1,227,895		1,211,951		1,072,628
Other operating costs and expenses		922,428		881,627		792,311
General and administrative expenses		217,449		205,753		186,136
Depreciation and amortization expenses		93,136		92,380		89,654
Impairment of assets and lease termination expenses		29,464		31,387		18,139
Acquisition-related contingent consideration, compensation and amortization expenses		11,686		13,368		19,510
Preopening costs		25,379		16,829		13,711
Total costs and expenses		3,330,937		3,264,221		2,845,222
Income from operations		108,566		38,935		82,318
Interest and other expense, net		(8,552)		(6,043)		(10,698)
Income before income taxes		100,014		32,892		71,620
Income tax benefit		(1,337)		(10,231)		(753)
Net income		101,351		43,123		72,373
Dividends on Series A preferred stock		—		—		(18,661)
Undistributed earnings allocated to Series A preferred stock		—		—		(4,581)
Net income available to common stockholders		$101,351		$43,123		$49,131

Net income per common share:
Basic		$2.10		$0.87		$1.03
Diluted (Note 1)		$2.07		$0.86		$1.01

Weighted-average common shares outstanding:
Basic		48,324		49,815		47,529
Diluted		49,050		50,414		48,510

ContentsView on SEC.gov

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