← Shake Shack Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (including amounts attributable to non-controlling interests) | $22.1m | $8.9m | $21.9m | $24.1m | ($45.5m) | ($10.1m) | ($26.0m) | $21.0m | $10.8m | $49.7m | — | |
| Depreciation and amortization expense | — | — | — | $40.4m | $48.8m | $59.0m | $72.8m | $91.2m | $102.5m | $106.6m | $115.4m | |
| Amortization of debt issuance costs | $304k | $317k | $72k | $170k | $66k | $867k | $1.0m | $1.0m | $1.0m | $1.0m | — | |
| Amortization of cloud computing assets | — | $0 | $0 | $312k | $1.4m | $1.2m | $1.5m | $1.8m | $2.1m | $2.2m | — | |
| Net amortization of discount on held-to-maturity securities | — | — | — | — | — | $0 | $0 | $1.6m | $440k | $0 | — | |
| Deferred income taxes | ($523k) | $146.3m | $788k | ($6.1m) | ($1.4m) | ($10.4m) | ($3.4m) | ($9.1m) | ($1.1m) | $16.6m | $15.8m | |
| Impairments, loss on disposal of assets, and Shack closures | $34k | $608k | $917k | $1.4m | $10.2m | $1.6m | $2.4m | $3.0m | $32.4m | $5.2m | — | |
| Accounts receivable | $3.0m | $6.4m | $5.5m | $10.7m | $1.0m | ($4.2m) | $9.1m | ($3.0m) | ($2.8m) | ($9.5m) | ($9.7m) | |
| Inventories | ($263k) | ($452k) | ($491k) | ($472k) | ($667k) | ($962k) | ($334k) | ($1.2m) | ($610k) | ($1.2m) | ($1.3m) | |
| Accounts payable | $839k | $1.2m | $3.2m | $4.2m | $4.6m | ($6.5m) | $3.5m | $687k | $3.4m | ($1.5m) | $2.2m | |
| Accrued expenses | $5.6m | $4.4m | $8.0m | $9.9m | $2.2m | $7.2m | $4.7m | $9.5m | $6.6m | $29.9m | $2.8m | |
| Accrued wages and related liabilities | $280k | $144k | $4.4m | $799k | ($1.0m) | $4.2m | $2.9m | $3.3m | $4.5m | $59k | — | |
| Prepaid expenses and other current assets | ($756k) | $2.2m | ($270k) | $134k | ($5.2m) | $4.9m | ($2.5m) | ($2.3m) | ($2.6m) | ($3.1m) | — | |
| Other assets | ($822k) | ($446k) | ($2.7m) | ($8.2m) | ($2.9m) | ($2.7m) | ($8.1m) | ($6.3m) | ($2.9m) | ($6.0m) | — | |
| Other current liabilities | $2.1m | ($988k) | $860k | $1.4m | $1.8m | ($1.2m) | $8.5m | ($2.8m) | ($712k) | $3.4m | ($77.1m) | |
| NET CASH PROVIDED BY OPERATING ACTIVITIES | $54.3m |
$70.9m
+30.57%
|
$85.4m
+20.48%
|
$89.9m
+5.23%
|
$37.4m
-58.43%
|
$58.4m
+56.36%
|
$76.7m
+31.40%
|
$132.1m
+72.19%
|
$171.2m
+29.53%
|
$222.4m
+29.91%
|
$191.6m
-13.83%
|
|
| Purchases of property and equipment | ($54.4m) | ($61.5m) | ($87.5m) | ($106.5m) | ($69.0m) | ($101.5m) | ($142.6m) | ($146.2m) | ($135.5m) | ($165.8m) | ($203.3m) | |
| Maturities of held-to-maturity marketable securities | — | — | — | — | — | $0 | $0 | $27.1m | $69.4m | $0 | — | |
| NET CASH USED IN INVESTING ACTIVITIES | ($114.8m) | ($61.9m) | ($86.6m) | ($80.7m) | ($69.4m) | ($144.9m) | ($143.4m) | ($132.3m) | ($66.1m) | ($165.8m) | ($203.3m) | |
| NET CASH USED IN FINANCING ACTIVITIES | $1.2m |
$965k
-21.80%
|
$4.5m
+361.35%
|
$3.2m
-28.62%
|
$141.8m
+4362.59%
|
$242.0m
+70.65%
|
($5.2m)
-102.15%
|
($5.7m)
-9.27%
|
($9.0m)
-58.64%
|
($17.1m)
-89.61%
|
($17.1m)
-0.16%
|
|
| INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | ($59.2m) | $9.9m | $3.2m | $12.3m | $109.8m | $155.5m | ($71.9m) | ($5.9m) | $96.1m | $39.4m | ||
| CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD | $70.8m | $11.6m | $21.5m | $24.8m | $37.1m | $146.9m | $230.5m | $224.7m | $320.7m | $360.1m | ||
| Effect of exchange rate changes on cash and cash equivalents | — | — | — | — | — | ($2k) | ($1k) | ($3k) | $2k | $0 | ($2k) | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Non-cash operating lease cost | $54.3m | $0 | $0 | $40.1m | $44.9m | $50.9m | $58.8m | $67.8m | $77.4m | $88.8m | $191.6m | |
| Equity-based compensation | $5.4m | $5.6m | $6.1m | $7.5m | $5.6m | $8.7m | $13.3m | $14.9m | $15.9m | $19.5m | — | |
| Non-cash interest | — | — | — | $170k | $66k | $353k | $218k | $116k | ($102k) | $45k | — | |
| Gain on sale of equity securities | — | — | — | — | — | $5k | $0 | ($81k) | $0 | $0 | — | |
| Operating lease liabilities | — | $0 | $0 | ($37.3m) | ($33.7m) | ($43.4m) | ($61.4m) | ($58.2m) | ($77.2m) | ($82.7m) | — | |
| Other long-term liabilities | ($186k) | $1.1m | $6.2m | $1.4m | $5.4m | ($1.4m) | ($756k) | $2.3m | $2.9m | $3.2m | — | |
| Purchases of held-to-maturity securities | — | — | — | — | — | $0 | $0 | ($94.0m) | $0 | $0 | — | |
| Purchases of equity securities | — | — | — | — | — | ($47.4m) | ($865k) | ($690k) | $0 | $0 | — | |
| Sales of equity securities | — | — | — | — | — | $4.0m | $0 | $81.5m | $0 | $0 | — | |
| Payments on principal of finance leases | — | $0 | $0 | ($1.9m) | ($2.2m) | ($2.7m) | ($3.0m) | ($3.3m) | ($4.0m) | ($5.5m) | — | |
| Deferred financing costs | $0 | $0 | $0 | ($286k) | ($64k) | ($169k) | $0 | $0 | $0 | ($10k) | — | |
| Distributions paid to non-controlling interest holders | ($1.7m) | ($2.4m) | ($751k) | ($1.7m) | ($478k) | ($968k) | ($410k) | ($162k) | ($482k) | ($1.8m) | — | |
| Payments under tax receivable agreement | $0 | ($4.8m) | $0 | ($707k) | ($6.6m) | $0 | $0 | $0 | $0 | ($37k) | — | |
| Net proceeds from stock option exercises | $3.2m | $7.6m | $5.5m | $9.2m | $8.0m | $6.7m | $424k | $744k | $1.6m | $123k | — | |
| Employee withholding taxes related to net settled equity awards | $0 | ($314k) | ($949k) | ($1.4m) | ($1.8m) | ($3.6m) | ($2.2m) | ($3.0m) | ($6.2m) | ($9.8m) | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.