CHEESECAKE FACTORY INC

For the period ended Jul 1, 2025. Filed Aug 4, 2025.

About 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.

Jul 1, 2025 · Filed Aug 4, 2025

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

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Contents

Condensed Consolidated Balance Sheets (Unaudited)

CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands, except share and per share data)


· · July 1, · · December 31,
· 2025 · 2024
· · (Unaudited) · · ·
ASSETS
Current assets:
Cash and cash equivalents	$148,763	$84,176
Accounts and other receivables	90,521	112,503
Income taxes receivable	15,507	17,417
Inventories	66,413	64,526
Prepaid expenses	58,185	54,691
Total current assets	379,389	333,313
Property and equipment, net	864,543	840,773
Other assets:
Intangible assets, net	252,132	251,789
Operating lease assets	1,434,197	1,400,351
Other	221,643	215,534
Total other assets	1,907,972	1,867,674
Total assets	$3,151,904	$3,041,760

LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$59,149	$62,092
Gift card liabilities	196,293	226,810
Operating lease liabilities	149,390	157,138
Other accrued expenses	263,607	265,380
Current portion of long-term debt	68,614	—
Total current liabilities	737,053	711,420

Long-term debt	559,623	452,062
Operating lease liabilities	1,322,543	1,299,020
Other noncurrent liabilities	131,737	135,803
Total liabilities	2,750,956	2,598,305
Commitments and contingencies (Note 7)
Stockholders’ equity:
Preferred stock, $.01 par value, 5,000,000 shares authorized; none issued	—	—
Common stock, $.01 par value, 250,000,000 shares authorized; 109,448,529 shares issued and 49,784,613 shares outstanding at July 1, 2025 and 108,387,574 shares issued and 51,332,298 shares outstanding at December 31, 2024	1,094	1,084
Additional paid-in capital	993,963	956,107
Retained earnings	1,379,162	1,317,828
Treasury stock inclusive of excise tax, 59,663,916 and 57,055,276 shares at cost at July 1, 2025 and December 31, 2024, respectively	(1,972,286)	(1,829,953)
Accumulated other comprehensive loss	(985)	(1,611)
Total stockholders’ equity	400,948	443,455
Total liabilities and stockholders’ equity	$3,151,904	$3,041,760

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.