CHEESECAKE FACTORY INC
For the period ended Sep 30, 2025. Filed Nov 3, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 3, 2025
CAKE$108.80-1.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows (Unaudited)
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
| | | | | | | |
|---|---|---|---|---|---|---|
| · · Thirty-Nine · · Thirty-Nine | ||||||
| · · Weeks Ended · · Weeks Ended | ||||||
| | September 30, 2025 | October 1, 2024 | ||||
| Cash flows from operating activities: | | | | | | |
| Net income | | $119,652 | | $115,629 | ||
| Adjustments to reconcile net income to cash provided by operating activities: | | | | | | |
| Depreciation and amortization expenses | | | 80,361 | | | 75,015 |
| Impairment of assets and lease termination (income)/expenses | | (17) | | (2,380) | ||
| Loss on debt extinguishment | | | 15,891 | | | — |
| Deferred income taxes | | 5,401 | | 3,907 | ||
| Stock-based compensation | | | 20,442 | | | 21,496 |
| Payment of deferred consideration and compensation in excess of acquisition-date fair value | | | (8,714) | | | (6,506) |
| Changes in assets and liabilities: | | | | | | |
| Accounts and other receivables | | | 20,694 | | | 31,465 |
| Income taxes receivable/payable | | (675) | | (8,310) | ||
| Inventories | | 1,116 | | (12,159) | ||
| Prepaid expenses | | (4,612) | | 1,853 | ||
| Operating lease assets/liabilities | | (13,076) | | (28,310) | ||
| Other assets | | | (15,492) | | | (14,661) |
| Accounts payable | | (4,703) | | 2,379 | ||
| Gift card liabilities | | (37,462) | | (38,655) | ||
| Other accrued expenses | | | 47,568 | | | 33,561 |
| Cash provided by operating activities | | 226,374 | | 174,324 | ||
| Cash flows from investing activities: | | | | | | |
| Additions to property and equipment | | (121,048) | | (120,512) | ||
| Additions to intangible assets | | (906) | | (838) | ||
| Other | | | — | | | 321 |
| Cash used in investing activities | | (121,954) | | (121,029) | ||
| Cash flows from financing activities: | | | | | | |
| Repayments on credit facility | | | (110,000) | | | — |
| Proceeds from long-term convertible debt | | | 575,000 | | | — |
| Repayment on long-term convertible debt, including premium on extinguishment | | | (289,800) | | | — |
| Issuance costs associated with long-term debt | | | (16,503) | | | — |
| Proceeds from exercise of stock options | | | 24,608 | | | — |
| Common stock dividends paid | | (39,410) | | (39,804) | ||
| Treasury stock purchases, inclusive of excise tax | | (142,722) | | (17,465) | ||
| Cash provided by/(used in) financing activities | | 1,173 | | (57,269) | ||
| Foreign currency translation adjustment | | 209 | | (101) | ||
| Net change in cash and cash equivalents | | | 105,802 | | | (4,075) |
| Cash and cash equivalents at beginning of period | | 84,176 | | 56,290 | ||
| Cash and cash equivalents at end of period | | $189,978 | | $52,215 | ||
| | | | | | | |
| Supplemental disclosures: | | | | | | |
| Interest paid | | $8,382 | | $9,936 | ||
| Income taxes paid | | $7,672 | | $15,975 | ||
| Construction payable | | $15,920 | | $13,952 | ||
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