CHEESECAKE FACTORY INC
For the period ended Mar 31, 2026. Filed May 4, 2026.
View on SEC.govAbout this filing
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.
Mar 31, 2026 · Filed May 4, 2026
CAKE$108.80-1.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows (Unaudited)
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
| | | | | | | |
|---|---|---|---|---|---|---|
| · · Thirteen · · Thirteen | ||||||
| · · Weeks Ended · · Weeks Ended | ||||||
| · · March 31, 2026 · · April 1, 2025 | ||||||
| Cash flows from operating activities: | | | | | | |
| Net income | | $49,548 | | $32,941 | ||
| Adjustments to reconcile net income to cash provided by operating activities: | | | | | | |
| Depreciation and amortization expenses | | | 27,984 | | | 26,082 |
| Impairment of assets and lease termination expenses | | 432 | | 138 | ||
| Loss on debt extinguishment | | | — | | | 15,891 |
| Deferred income taxes | | 6,091 | | 4,290 | ||
| Stock-based compensation | | | 7,014 | | | 7,581 |
| Changes in assets and liabilities: | | | | | | |
| Accounts and other receivables | | | 36,288 | | | 32,304 |
| Income taxes receivable/payable | | (3,396) | | (3,302) | ||
| Inventories | | 3,404 | | (2,379) | ||
| Prepaid expenses | | (23,103) | | (443) | ||
| Operating lease assets/liabilities | | (1,051) | | (20,376) | ||
| Other assets | | | 2,157 | | | 1,714 |
| Accounts payable | | 2,712 | | 68 | ||
| Gift card liabilities | | (25,142) | | (26,954) | ||
| Other accrued expenses | | | 13,786 | | | 11,364 |
| Cash provided by operating activities | | 96,724 | | 78,919 | ||
| Cash flows from investing activities: | | | | | | |
| Additions to property and equipment | | (43,377) | | (42,816) | ||
| Additions to intangible assets | | (315) | | (537) | ||
| Cash used in investing activities | | (43,692) | | (43,353) | ||
| 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 | | | (1,163) | | | (16,496) |
| Proceeds from exercise of stock options | | | 241 | | | 10,803 |
| Common stock dividends paid | | (14,230) | | (12,485) | ||
| Treasury stock purchases, inclusive of excise tax | | (18,402) | | (141,359) | ||
| Cash (used in)/provided by financing activities | | (33,554) | | 15,663 | ||
| Foreign currency translation adjustment | | (117) | | 6 | ||
| Net change in cash and cash equivalents | | | 19,361 | | | 51,235 |
| Cash and cash equivalents at beginning of period | | 215,729 | | 84,176 | ||
| Cash and cash equivalents at end of period | | $235,090 | | $135,411 | ||
| | | | | | | |
| Supplemental disclosures: | | | | | | |
| Interest paid | | $6,353 | | $1,468 | ||
| Income taxes paid (1) | | $1,098 | | $788 | ||
| Construction payable | | $26,098 | | $18,206 | ||
| (1) | Pursuant to ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, income taxes paid for fiscal 2026 are presented net of refunds received. Prior year disclosures are presented under previous guidance. |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.