Wingstop Inc
For the period ended Jun 29, 2024. Filed Jul 31, 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.
Jun 29, 2024 · Filed Jul 31, 2024
WING$169.58-4.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows (Unaudited) - Twentysix Weeks Ended
Consolidated Statements of Cash Flows
(amounts in thousands)
| Twenty-Six Weeks Ended | ||
|---|---|---|
| June 29,2024 | July 1,2023 | |
| Operating activities | ||
| Net income | $56,232 | $31,850 |
| Adjustments to reconcile net income to cash provided by operating activities: | ||
| Depreciation and amortization | 8,571 | 6,207 |
| Deferred income taxes | 905 | (1,030) |
| Stock-based compensation expense | 8,738 | 6,891 |
| Loss on disposal of assets | — | 77 |
| Amortization of debt issuance costs | 1,037 | 1,021 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (3,341) | (1,286) |
| Prepaid expenses and other assets | (3,040) | (4) |
| Advertising fund assets and liabilities, net | 3,892 | 6,235 |
| Accounts payable and other current liabilities | 3,157 | (3,528) |
| Deferred revenue | 3,274 | 1,442 |
| Other non-current liabilities | 1,412 | 92 |
| Cash provided by operating activities | 80,837 | 47,967 |
| Investing activities | ||
| Purchases of property and equipment | (21,459) | (17,002) |
| Acquisition of restaurants from franchisee | (3,292) | (4,396) |
| Payments for investments | (500) | (808) |
| Cash used in investing activities | (25,251) | (22,206) |
| Financing activities | ||
| Proceeds from exercise of stock options | 1,254 | 473 |
| Repayments of long-term debt | — | (3,650) |
| Purchases of common stock | (29,220) | — |
| Tax payments for restricted stock upon vesting | (4,118) | (2,361) |
| Dividends paid | (13,077) | (11,836) |
| Cash used in financing activities | (45,161) | (17,374) |
| Net increase in cash, cash equivalents, and restricted cash | 10,425 | 8,387 |
| Cash, cash equivalents, and restricted cash at beginning of period | 119,676 | 205,715 |
| Cash, cash equivalents, and restricted cash at end of period | $130,101 | $214,102 |
| Supplemental information: | ||
| Accrued capital expenditures | $3,946 | $4,179 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.