CHIPOTLE MEXICAN GRILL, INC. (CMG) FY2024 Q3 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2024-07-01 to 2024-09-30

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CHIPOTLE MEXICAN GRILL, INC. cash flow reconciliation, Jul 1, 2024 through Sep 30, 2024One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Orange marks positive customer-advance and deferred-revenue changes that add to operating cash in the reconciliation. These are net changes, not gross customer receipts. Negative changes are neutral reconciliation adjustments; they do not by themselves identify cash payments. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net income → Net cash from operating activities: $387,388,000.00Depreciation and amortization → Operating adjustments reconciliation: $84,349,000.00Operating lease assets → Operating adjustments reconciliation: $75,291,000.00Accounts payable → Operating adjustments reconciliation: $14,488,000.00Impairment, closure costs, and asset disposals → Operating adjustments reconciliation: $14,222,000.00Accrued liabilities → Operating adjustments reconciliation: $6,432,000.00Stock-based compensation expense → Operating adjustments reconciliation: $4,660,000.00Accounts receivable → Operating adjustments reconciliation: $3,738,000.00Prepaid expenses and other current assets → Operating adjustments reconciliation: $1,596,000.00Operating adjustments reconciliation → Net cash from operating activities: $59,106,000.00Operating adjustments reconciliation → Operating lease liabilities: $54,422,000.00Operating adjustments reconciliation → Accrued payroll and benefits: $38,336,000.00Operating adjustments reconciliation → Other assets: $19,759,000.00Operating adjustments reconciliation → Inventory: $14,303,000.00Operating adjustments reconciliation → Income tax payable/receivable: $10,535,000.00Operating adjustments reconciliation → Deferred income tax provision: $3,773,000.00Operating adjustments reconciliation → Other: $2,052,000.00Operating adjustments reconciliation → Other long-term liabilities: $1,871,000.00Operating adjustments reconciliation → Unearned revenue: $485,000.00Operating adjustments reconciliation → Provision for credit losses: $134,000.00Maturities of investments → investing reconciliation: $173,697,000.00investing reconciliation → Purchases of leasehold improvements, property and equipment: $147,525,000.00investing reconciliation → Purchases of investments: $90,412,000.00Net cash used in financing activities → financing reconciliation: $489,556,000.00Other financing activities → financing reconciliation: $1,019,000.00financing reconciliation → Repurchase of common stock: $490,237,000.00financing reconciliation → Tax withholding on stock-based compensation awards: $338,000.00Net cash used in investing activities → investing reconciliation: $64,240,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $834,192,000.00Net cash from operating activities → Cash sources and uses: $446,494,000.00Cash sources and uses → Exchange-rate effect: $374,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $726,516,000.00Cash sources and uses → Net cash used in investing activities: $64,240,000.00Cash sources and uses → Net cash used in financing activities: $489,556,000.00Net income: $387,388,000.00Net income+$387.39 MDepreciation and amortization: $84,349,000.00Depreciation & amortization+$84.35 MDeferred income tax provision: -$3,773,000.00Deferred income taxes−$3.77 MImpairment, closure costs, and asset disposals: $14,222,000.00Impairment, closure & disposals+$14.22 MProvision for credit losses: -$134,000.00Credit loss provision−$134.00 KStock-based compensation expense: $4,660,000.00Stock-based compensation+$4.66 MOther: -$2,052,000.00Other non-cash items−$2.05 MAccounts receivable: $3,738,000.00Accounts receivable+$3.74 MInventory: -$14,303,000.00Inventories−$14.30 MPrepaid expenses and other current assets: $1,596,000.00Prepaid & other assets+$1.60 MOperating lease assets: $75,291,000.00Operating lease assets+$75.29 MOther assets: -$19,759,000.00Other operating assets−$19.76 MAccounts payable: $14,488,000.00Accounts payable+$14.49 MAccrued payroll and benefits: -$38,336,000.00Accrued compensation−$38.34 MAccrued liabilities: $6,432,000.00Accrued liabilities+$6.43 MOperating lease liabilities: -$54,422,000.00Operating lease liabilities−$54.42 MUnearned revenue: -$485,000.00Deferred revenue−$485.00 KIncome tax payable/receivable: -$10,535,000.00Income taxes, net−$10.54 MOther long-term liabilities: -$1,871,000.00Other operating liabilities−$1.87 MNet cash from operating activities: $446,494,000.00Operating cash+$446.49 MOperating adjustments reconciliation: $204,776,000.00Repurchase of common stock: -$490,237,000.00Common stock repurchases−$490.24 MTax withholding on stock-based compensation awards: -$338,000.00Stock-award tax withholding−$338.00 KOther financing activities: $1,019,000.00Other financing, net+$1.02 MNet cash used in financing activities: -$489,556,000.00. Cash required to fund net payments.Financing cash−$489.56 Mfinancing reconciliation: $490,575,000.00Purchases of leasehold improvements, property and equipment: -$147,525,000.00PP&E purchases−$147.53 MPurchases of investments: -$90,412,000.00Marketable securities purchases−$90.41 MMaturities of investments: $173,697,000.00Marketable securities proceeds+$173.70 MNet cash used in investing activities: -$64,240,000.00. Cash required to fund net payments.Investing cash−$64.24 Minvesting reconciliation: $237,937,000.00Cash sources and uses: $1,280,686,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $834,192,000.00Beginning cash$834.19 MEnding cash: Cash, cash equivalents, and restricted cash: $726,516,000.00Ending cash$726.52 MExchange-rate effect: -$374,000.00FX effect−$374.00 KCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$298.97 MOperating cash − cash spent on PP&ECash flow / Net income1.15×Operating cash flow ÷ net incomeNet cash change−$107.68 MEnding cash − beginning cash
Chart details

CHIPOTLE MEXICAN GRILL, INC. cash flow reconciliation, Jul 1, 2024 through Sep 30, 2024

Cash flows for Jul 1, 2024 through Sep 30, 2024. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Jun 30, 2024. Ending cash: Sep 30, 2024. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Jun 30, 2024
834,192,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
446,494,000 US dollars. Net cash provided.
Net income
387,388,000 US dollars
Depreciation and amortization
84,349,000 US dollars
Deferred income tax provision
negative 3,773,000 US dollars
Impairment, closure costs, and asset disposals
14,222,000 US dollars
Provision for credit losses
negative 134,000 US dollars
Stock-based compensation expense
4,660,000 US dollars
Other
negative 2,052,000 US dollars
Accounts receivable
3,738,000 US dollars
Inventory
negative 14,303,000 US dollars
Prepaid expenses and other current assets
1,596,000 US dollars
Operating lease assets
75,291,000 US dollars
Other assets
negative 19,759,000 US dollars
Accounts payable
14,488,000 US dollars
Accrued payroll and benefits
negative 38,336,000 US dollars
Accrued liabilities
6,432,000 US dollars
Operating lease liabilities
negative 54,422,000 US dollars
Unearned revenue
negative 485,000 US dollars
Income tax payable/receivable
negative 10,535,000 US dollars
Other long-term liabilities
negative 1,871,000 US dollars
Investing activities
negative 64,240,000 US dollars. Net cash used.
Purchases of leasehold improvements, property and equipment
negative 147,525,000 US dollars
Purchases of investments
negative 90,412,000 US dollars
Maturities of investments
173,697,000 US dollars
Financing activities
negative 489,556,000 US dollars. Net cash used.
Repurchase of common stock
negative 490,237,000 US dollars
Tax withholding on stock-based compensation awards
negative 338,000 US dollars
Other financing activities
1,019,000 US dollars
Operating adjustment reconciliation
204,776,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
490,575,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
237,937,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
negative 374,000 US dollars
Ending cash on Sep 30, 2024
726,516,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
1,280,686,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 107,676,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
1.15×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
446,494,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
147,525,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
298,969,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $59.11M after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 446,494,000 US dollars minus 147,525,000 US dollars equals 298,969,000 US dollars.
CHIPOTLE MEXICAN GRILL, INC. (CMG) FY2024 Q3 Statement of Cash Flows Sankey chart
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