CAVA GROUP INC
For the period ended Oct 6, 2024. Filed Nov 13, 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 6, 2024 · Filed Nov 13, 2024
CAVA$60.39-3.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited Condensed Consolidated Statements of Cash Flows
| CAVA GROUP, INC. | ||
|---|---|---|
| UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS | ||
| Forty Weeks Ended | ||
| (in thousands) | October 6,2024 | October 1,2023 |
| Cash flows from operating activities: | ||
| Net income | $51,700 | $11,231 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation | 45,380 | 35,069 |
| Amortization of intangible assets | — | 27 |
| Equity-based compensation | 9,943 | 5,854 |
| Impairment and asset disposal costs | 3,795 | 4,295 |
| Changes in operating assets and liabilities: | ||
| Trade accounts receivable | (2,821) | (2,365) |
| Other accounts receivable | 1,506 | (2,591) |
| Inventories | (1,698) | (586) |
| Prepaid expenses and other | (929) | 643 |
| Operating lease assets | (24,735) | (26,177) |
| Accounts payable | 5,037 | 1,601 |
| Accrued expenses and other | 10,395 | 16,437 |
| Operating lease liabilities | 33,601 | 29,650 |
| Net cash provided by operating activities | 131,174 | 73,088 |
| Cash flows from investing activities: | ||
| Purchases of property and equipment | (80,389) | (107,564) |
| Net cash used in investing activities | (80,389) | (107,564) |
| Cash flows from financing activities: | ||
| Proceeds from long-term debt | — | 6,000 |
| Payments on long-term debt | — | (6,000) |
| Tax withholding on equity-based compensation awards | (17,836) | (1,571) |
| Shares purchased under equity plans | 1,828 | 292 |
| Proceeds from initial public offering, net of underwriting fees of $22.8 million | — | 342,604 |
| Offering costs paid | — | (5,141) |
| Payment of loan acquisition fees | — | (368) |
| Payments on finance lease obligations | (45) | (66) |
| Net cash (used in) provided by financing activities | (16,053) | 335,750 |
| Net change in cash and cash equivalents | 34,732 | 301,274 |
| Cash and cash equivalents - beginning of year | 332,428 | 39,125 |
| Cash and cash equivalents - end of period | $367,160 | $340,399 |
| Supplemental Disclosure of Cash Flow Information: | ||
| Offering costs not yet paid | $— | $243 |
| Cash paid for income taxes | 1,046 | 260 |
| Change in accrued purchases of property and equipment | 1,272 | 4,087 |
| Conversion of redeemable preferred stock into common stock in connection with initial public offering | — | 662,309 |
| The accompanying notes are an integral part of these unaudited condensed consolidated financial statements. | ||
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