CHEESECAKE FACTORY INC

For the period ended Dec 31, 2024. Filed Feb 24, 2025.

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 24, 2025

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 exhibits

Contents

Consolidated Statements of Income

(In thousands, except per share data)


· · Fiscal Year
	2024		2023		2022

Revenues		$3,581,699		$3,439,503		$3,303,156
Costs and expenses:
Food and beverage costs		806,021		803,500		810,926
Labor expenses		1,264,382		1,227,895		1,211,951
Other operating costs and expenses		959,221		922,428		881,627
General and administrative expenses		228,737		217,449		205,753
Depreciation and amortization expenses		101,450		93,136		92,380
Impairment of assets and lease termination expenses		13,647		29,464		31,387
Acquisition-related contingent consideration, compensation and amortization expenses		2,429		11,686		13,368
Preopening costs		27,495		25,379		16,829
Total costs and expenses		3,403,382		3,330,937		3,264,221
Income from operations		178,317		108,566		38,935
Interest expense, net		(10,107)		(10,160)		(7,488)
Other income, net		2,837		1,608		1,445
Income before income taxes		171,047		100,014		32,892
Income tax provision/(benefit)		14,264		(1,337)		(10,231)
Net income		$156,783		$101,351		$43,123

Net income per common share:
Basic		$3.28		$2.10		$0.87
Diluted (Note 1)		$3.20		$2.07		$0.86

Weighted-average common shares outstanding:
Basic		47,789		48,324		49,815
Diluted		48,974		49,050		50,414

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.