CHEESECAKE FACTORY INC
For the period ended Oct 1, 2024. Filed Nov 4, 2024.
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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.
Oct 1, 2024 · Filed Nov 4, 2024
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 | ||||||
| | October 1, 2024 | October 3, 2023 | ||||
| Cash flows from operating activities: | | | | | | |
| Net income | | $115,629 | | $88,670 | ||
| Adjustments to reconcile net income to cash provided by operating activities: | | | | | | |
| Depreciation and amortization expenses | | | 75,015 | | | 69,124 |
| Impairment of assets and lease termination income | | (2,380) | | (753) | ||
| Deferred income taxes | | | 3,907 | | | 1,613 |
| Stock-based compensation | | 21,496 | | 18,850 | ||
| Payment of deferred consideration and compensation in excess of acquisition-date fair value | | | (6,506) | | | — |
| Changes in assets and liabilities: | | | | | | |
| Accounts and other receivables | | | 31,465 | | | 32,107 |
| Income taxes receivable/payable | | (8,310) | | (2,401) | ||
| Inventories | | (12,159) | | (3,113) | ||
| Prepaid expenses | | 1,853 | | (7,159) | ||
| Operating lease assets/liabilities | | (28,310) | | (18,572) | ||
| Other assets | | | (14,661) | | | (6,086) |
| Accounts payable | | 2,379 | | (10,985) | ||
| Gift card liabilities | | (38,655) | | (39,608) | ||
| Other accrued expenses | | | 33,561 | | | 28,859 |
| Cash provided by operating activities | | 174,324 | | 150,546 | ||
| Cash flows from investing activities: | | | | | | |
| Additions to property and equipment | | (120,512) | | (99,923) | ||
| Additions to intangible assets | | (838) | | (567) | ||
| Other | | | 321 | | | (158) |
| Cash used in investing activities | | (121,029) | | (100,648) | ||
| Cash flows from financing activities: | | | | | | |
| Acquisition-related deferred consideration and compensation | | | — | | | (24,243) |
| Common stock dividends paid | | (39,804) | | (40,126) | ||
| Treasury stock purchases | | (17,465) | | (36,260) | ||
| Cash used in financing activities | | (57,269) | | (100,629) | ||
| Foreign currency translation adjustment | | (101) | | (59) | ||
| Net change in cash and cash equivalents | | | (4,075) | | | (50,790) |
| Cash and cash equivalents at beginning of period | | 56,290 | | 114,777 | ||
| Cash and cash equivalents at end of period | | $52,215 | | $63,987 | ||
| | | | | | | |
| Supplemental disclosures: | | | | | | |
| Interest paid | | $9,936 | | $6,386 | ||
| Income taxes paid | | $15,975 | | $7,068 | ||
| Construction payable | | $13,952 | | $7,086 | ||
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