← CAVA GROUP, INC.
| Annual Trend | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||
| Net Income From Continuing Operations | ($37.4m) | ($59.0m) | $13.3m | $130.3m | $63.7m | $61.6m | |
| Depreciation, Depletion and Amortization | $38.3m | $42.7m | $47.4m | $60.4m | $73.7m | $78.3m | |
| Amortization of Intangible Assets | — | $5.6m | $27k | $0 | — | — | |
| Depreciation | $38.3m | $37.1m | $47.4m | $60.4m | $73.7m | $60.4m | |
| Amortization Cash Flow | $6.2m | $5.6m | $27k | $0 | — | — | |
| Amortization Of Intangibles | $6.2m | $5.6m | $27k | $0 | — | $0 | |
| Depreciation Amortization Depletion | — | $42.7m | $47.4m | $60.4m | $73.7m | $78.3m | |
| Deferred Income Tax Expense (Benefit) | — | $5k | $50k | ($71.6m) | $6.1m | $17.8m | |
| Deferred Tax | — | $5k | $50k | ($71.6m) | $6.1m | $17.8m | |
| Share-based Payment Arrangement, Noncash Expense | — | $3.8m | $9.4m | $13.6m | $15.2m | $17.4m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | $24.6m | $0 | — | |
| Gain (Loss) on Sale of Assets and Asset Impairment Charges | — | ($19.8m) | ($4.9m) | ($5.1m) | ($4.9m) | — | |
| Operating Lease, Impairment Loss | — | $17.0m | $4.9m | $109k | $391k | — | |
| Impairment and asset disposal costs | $10.5m | $19.8m | $4.9m | $5.1m | $4.9m | — | |
| Asset Impairment Charge | — | $19.8m | $4.9m | $5.1m | $4.9m | $6.0m | |
| Earnings (Loss)es From Equity Investments | $5.4m | $3.8m | — | — | — | — | |
| Nonoperating Income (Expense) | — | $919k | $471k | $318k | $469k | — | |
| Changes in operating assets and liabilities: | |||||||
| Change In Working Capital | — | ($1.3m) | $22.1m | $23.3m | $21.5m | $29.9m | |
| Increase (Decrease) in Accounts Receivable | — | $50k | $835k | $1.1m | $1.5m | ($74.8m) | |
| Trade accounts receivable | $453k | ($50k) | ($835k) | ($1.1m) | ($1.5m) | — | |
| Other accounts receivable | ($1.4m) | ($1.6m) | ($3.3m) | $26k | ($4.5m) | — | |
| Change In Receivables | — | ($35.9m) | ($24.7m) | ($33.6m) | ($74.0m) | ($74.8m) | |
| Changes In Account Receivables | — | ($50k) | ($835k) | ($1.1m) | ($1.5m) | ($74.8m) | |
| Increase (Decrease) in Inventories | — | $1.5m | $498k | $2.0m | $1.4m | ($2.0m) | |
| Inventories | ($1.2m) | ($1.5m) | ($498k) | ($2.0m) | ($1.4m) | ($2.0m) | |
| Change In Inventory | — | ($1.5m) | ($498k) | ($2.0m) | ($1.4m) | ($2.0m) | |
| Increase (Decrease) in Accounts Payable | ($555k) | $336k | $2.5m | $8.9m | $9.4m | $7.0m | |
| Change In Payables And Accrued Expense | — | ($2.6m) | $21.7m | $19.7m | $14.3m | $7.0m | |
| Accrued capital expenditures | — | $104.2m | $138.8m | $108.1m | $158.7m | — | |
| Accrued expenses and other | $1.2m | ($2.9m) | $19.2m | $10.8m | $4.8m | — | |
| Change in accrued purchases of property and equipment | $1.8m | $5.1m | $584k | ($986k) | $4.5m | — | |
| Change In Accrued Expense | — | ($2.9m) | $19.1m | $10.8m | $4.8m | $16.8m | |
| Change In Other Current Liabilities | — | $39.0m | $25.5m | $42.5m | $87.6m | $86.4m | |
| Net Cash Provided by (Used in) Operating Activities | $3.4m |
$6.0m
+77.95%
|
$97.1m
+1508.16%
|
$161.0m
+65.83%
|
$184.8m
+14.79%
|
$210.3m
+13.79%
|
|
| Cash flows from investing activities: | |||||||
| Payments to Acquire Property, Plant, and Equipment | ($56.3m) | $104.2m | $138.8m | $108.1m | $158.7m | ($171.4m) | |
| Purchases of debt securities | — | — | $0 | $0 | ($134.7m) | — | |
| Proceeds from principal payments on debt securities | — | — | $0 | $0 | $25.3m | — | |
| Net Cash Provided by (Used in) Investing Activities | ($56.3m) | ($104.2m) | ($138.8m) | ($108.1m) | ($273.0m) | ($207.8m) | |
| Cash flows from financing activities: | |||||||
| Gain (Loss) on Extinguishment of Debt | — | $0 | $0 | — | — | — | |
| Proceeds from Issuance of Long-term Debt | — | $0 | $6.0m | $0 | $0 | $0 | |
| Proceeds from long-term debt | $0 | $0 | $6.0m | $0 | $0 | — | |
| Issuance Of Debt | — | $0 | $6.0m | $0 | $0 | $0 | |
| Long Term Debt Issuance | — | $0 | $6.0m | $0 | $0 | $0 | |
| Net Issuance Payments Of Debt | — | ($115k) | ($85k) | ($45k) | $0 | $0 | |
| Net Long Term Debt Issuance | — | ($115k) | ($85k) | ($45k) | $0 | $0 | |
| Net Short Term Debt Issuance | ($40.0m) | $0 | $0 | — | — | $0 | |
| Payments on long-term debt | $0 | $0 | ($6.0m) | $0 | $0 | — | |
| Long Term Debt Payments | — | ($115k) | ($6.1m) | ($45k) | $0 | $0 | |
| Repayment Of Debt | — | ($115k) | ($6.1m) | ($45k) | $0 | $0 | |
| Short Term Debt Payments | ($40.0m) | $0 | $0 | — | — | $0 | |
| Conversion of redeemable preferred stock into common stock in connection with initial public offering | $0 | $0 | $662.3m | $0 | $0 | — | |
| Issuance Of Capital Stock | — | $37k | $344.0m | $5.5m | $5.0m | $6.8m | |
| Repurchase Of Capital Stock | ($28.4m) | ($911k) | ($3.1m) | — | — | — | |
| Common Stock Issuance | — | $37k | $344.0m | $5.5m | $5.0m | $6.8m | |
| Payments for Repurchase of Common Stock | — | $911k | $3.1m | — | — | — | |
| Common Stock Payments | ($7.7m) | ($911k) | ($3.1m) | — | — | — | |
| Net Other Financing Charges | — | ($3.0m) | ($8.9m) | ($24.6m) | — | ($24.6m) | |
| Net Cash Provided by (Used in) Financing Activities | $143.2m |
($3.1m)
-102.15%
|
$335.0m
+10962.78%
|
($19.2m)
-105.73%
|
$5.0m
+126.01%
|
$3.9m
-21.96%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | ($101.2m) | $293.3m | $33.7m | ($83.2m) | $295.8m | |
| Beginning Cash Position | — | $140.3m | $39.1m | $332.4m | $366.1m | $289.4m | |
| Cash and cash equivalents - beginning of year | $140.3m | $39.1m | $332.4m | $366.1m | $282.9m | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $39.1m | $332.4m | $366.1m | $282.9m | $295.8m | |
| Additional Supplementary Disclosures | |||||||
| Additional Supplementary Disclosures | |||||||
| Gain (Loss) on Disposition of Assets | — | — | — | ($5.1m) | ($3.7m) | — | |
| Income Tax Expense (Benefit) | — | $93k | $768k | ($70.4m) | $7.1m | — | |
| Operating lease assets | $0 | ($34.2m) | ($20.5m) | ($32.5m) | ($68.0m) | — | |
| Operating lease liabilities | $0 | $39.0m | $25.5m | $42.5m | $87.6m | — | |
| Additional Financial Items | |||||||
| Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal | — | ($10.8m) | ($3.6m) | — | — | — | |
| General and Administrative Expense | — | $70.0m | $101.5m | $120.5m | $137.5m | — | |
| Goodwill | — | $1.9m | $1.9m | $1.9m | $1.9m | $6.0m | |
| Restructuring Costs | — | $5.9m | $6.1m | $580k | $0 | — | |
| Unrealized gain on convertible promissory note | — | — | $0 | $0 | ($291k) | — | |
| Equity-based compensation | $5.4m | $3.8m | $9.4m | $13.6m | $15.2m | — | |
| Prepaid expenses and other | ($1.4m) | ($318k) | $60k | ($3.4m) | ($5.0m) | — | |
| Investment in convertible promissory note | — | — | $0 | $0 | ($5.0m) | — | |
| Tax withholding on equity-based compensation awards | — | ($911k) | ($3.1m) | ($24.6m) | $0 | — | |
| Shares purchased under equity plans | $7.1m | $37k | $1.4m | $5.5m | $5.0m | — | |
| Proceeds from initial public offering, net of underwriting fees of $22.8 million | $0 | $0 | $342.6m | $0 | $0 | — | |
| Offering costs paid | $0 | ($1.1m) | ($5.4m) | $0 | $0 | — | |
| Payment of loan acquisition fees | $0 | ($986k) | ($372k) | $0 | $0 | — | |
| Payments on finance lease obligations | — | ($115k) | ($85k) | ($45k) | $0 | — | |
| Cash Flow From Continuing Financing Activities | — | ($3.1m) | $335.0m | ($19.2m) | $5.0m | $3.9m | |
| Cash Flow From Continuing Investing Activities | — | ($104.2m) | ($138.8m) | ($108.1m) | ($273.0m) | ($207.8m) | |
| Change In Account Payable | — | $336k | $2.5m | $8.9m | $9.4m | $7.0m | |
| Change In Payable | — | $336k | $2.5m | $8.9m | $9.4m | $7.0m | |
| Change In Prepaid Assets | — | ($318k) | $60k | ($3.4m) | ($5.0m) | ($3.5m) | |
| Changes In Cash | — | ($101.2m) | $293.3m | $33.7m | ($83.2m) | $6.4m | |
| End Cash Position | — | $39.1m | $332.4m | $366.1m | $282.9m | $295.8m | |
| Financing Cash Flow | — | ($3.1m) |
$335.0m
+10962.78%
|
($19.2m)
-105.73%
|
$5.0m
+126.01%
|
$3.9m
-21.96%
|
|
| Free Cash Flow | — | ($98.1m) | ($41.7m) | $52.9m | $26.1m | $38.9m | |
| Investing Cash Flow | — | ($104.2m) | ($138.8m) | ($108.1m) | ($273.0m) | ($207.8m) | |
| Net PPE Purchase And Sale | — | ($104.2m) | ($138.8m) | ($108.1m) | ($158.7m) | ($171.4m) | |
| Net Preferred Stock Issuance | $183.4m | $0 | $0 | — | — | — | |
| Operating Gains Losses | ($20.0m) | $3.8m | — | — | — | — | |
| Other Non Cash Items | $93k | $429k | — | — | — | — | |
| Preferred Stock Issuance | $204.1m | $0 | $0 | — | — | — | |
| Preferred Stock Payments | ($20.7m) | $0 | $0 | — | — | — | |
| Proceeds From Stock Option Exercised | $7.1m | $37k | — | — | — | — | |
| Provisionand Write Offof Assets | $74k | $89k | — | — | — | — | |
| Purchase Of PPE | — | ($104.2m) | ($138.8m) | ($108.1m) | ($158.7m) | ($171.4m) | |
| Sale Of PPE | $102k | $162k | — | — | — | — | |
| Stock Based Compensation | — | $3.8m | $9.4m | $13.6m | $15.2m | $17.4m | |
| Unrealized Gain Loss On Investment Securities | — | — | $0 | $0 | ($291k) | ($715k) | |
| Net Investment Purchase And Sale | — | — | $0 | $0 | ($114.3m) | ($36.4m) | |
| Purchase Of Investment | — | — | $0 | $0 | ($139.7m) | ($101.3m) | |
| Sale Of Investment | — | — | $0 | $0 | $25.3m | $64.9m | |
| Net change in cash and cash equivalents | $90.2m | ($101.2m) | $293.3m | $33.7m | ($83.2m) | — | |
| Supplemental disclosure of cash flow information: | |||||||
| Change In Cash Supplemental As Reported | — | ($101.2m) | $293.3m | $33.7m | ($83.2m) | — | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $768k | $161k | $330k | $211k | $164k | — | |
| Income Taxes Paid, Net | $212k | $523k | $116k | $2.5m | $1.7m | — |