← CAVA GROUP, INC.

Annual Trend FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income From Continuing Operations — ($59.0m) $13.3m $130.3m $63.7m
Net Income (Loss) Attributable to Parent ($37.4m) ($59.0m) $13.3m $130.3m $63.7m
Depreciation, Depletion and Amortization $38.3m $42.7m $47.4m $60.4m $73.7m
Depreciation, Depletion and Amortization $38.3m $42.7m $47.4m $60.4m $73.7m
Amortization of Intangible Assets — $5.6m $27k $0 —
Depreciation $38.3m $37.1m $47.4m $60.4m $73.7m
Amortization Cash Flow $6.2m $5.6m $27k $0 —
Amortization Of Intangibles $6.2m $5.6m $27k $0 —
Depreciation Amortization Depletion — $42.7m $47.4m $60.4m $73.7m
Deferred Income Tax Expense (Benefit) — $5k $50k ($71.6m) $6.1m
Deferred income taxes — $5k $50k ($71.6m) $6.1m
Deferred Income Tax — $5k $50k ($71.6m) $6.1m
Deferred Tax — $5k $50k ($71.6m) $6.1m
Share-based Payment Arrangement, Noncash Expense — $3.8m $9.4m $13.6m $15.2m
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
Gain (Loss) on Extinguishment of Debt — $0 $0 — —
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
Earnings (Loss)es From Equity Investments $5.4m $3.8m — — —
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable — $50k $835k $1.1m $1.5m
Increase (Decrease) in Inventories — $1.5m $498k $2.0m $1.4m
Increase (Decrease) in Accounts Payable — $336k $2.5m $8.9m $9.4m
Accrued capital expenditures — $104.2m $138.8m $108.1m $158.7m
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
Nonoperating Income (Expense) — $919k $471k $318k $469k
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
Trade accounts receivable $453k ($50k) ($835k) ($1.1m) ($1.5m)
Other accounts receivable ($1.4m) ($1.6m) ($3.3m) $26k ($4.5m)
Inventories ($1.2m) ($1.5m) ($498k) ($2.0m) ($1.4m)
Prepaid expenses and other ($1.4m) ($318k) $60k ($3.4m) ($5.0m)
Accounts payable ($555k) $336k $2.5m $8.9m $9.4m
Accrued expenses and other $1.2m ($2.9m) $19.2m $10.8m $4.8m
Purchases of debt securities — — $0 $0 ($134.7m)
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
Change in accrued purchases of property and equipment $1.8m $5.1m $584k ($986k) $4.5m
Conversion of redeemable preferred stock into common stock in connection with initial public offering $0 $0 $662.3m $0 $0
Beginning Cash Position — $140.3m $39.1m $332.4m $366.1m
Cash Flow From Continuing Financing Activities — ($3.1m) $335.0m ($19.2m) $5.0m
Cash Flow From Continuing Investing Activities — ($104.2m) ($138.8m) ($108.1m) ($273.0m)
Change In Account Payable — $336k $2.5m $8.9m $9.4m
Change In Accrued Expense — ($2.9m) $19.1m $10.8m $4.8m
Change In Inventory — ($1.5m) ($498k) ($2.0m) ($1.4m)
Change In Other Current Liabilities — $39.0m $25.5m $42.5m $87.6m
Change In Payable — $336k $2.5m $8.9m $9.4m
Change In Payables And Accrued Expense — ($2.6m) $21.7m $19.7m $14.3m
Change In Prepaid Assets — ($318k) $60k ($3.4m) ($5.0m)
Change In Receivables — ($35.9m) ($24.7m) ($33.6m) ($74.0m)
Change In Working Capital — ($1.3m) $22.1m $23.3m $21.5m
Changes In Account Receivables — ($50k) ($835k) ($1.1m) ($1.5m)
Changes In Cash — ($101.2m) $293.3m $33.7m ($83.2m)
End Cash Position — $39.1m $332.4m $366.1m $282.9m
Financing Cash Flow — ($3.1m) $335.0m ($19.2m) $5.0m
Free Cash Flow — ($98.1m) ($41.7m) $52.9m $26.1m
Investing Cash Flow — ($104.2m) ($138.8m) ($108.1m) ($273.0m)
Issuance Of Capital Stock — $37k $344.0m $5.5m $5.0m
Net PPE Purchase And Sale — ($104.2m) ($138.8m) ($108.1m) ($158.7m)
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)
Repurchase Of Capital Stock ($28.4m) ($911k) ($3.1m) — —
Sale Of PPE $102k $162k — — —
Stock Based Compensation — $3.8m $9.4m $13.6m $15.2m
Unrealized Gain Loss On Investment Securities — — $0 $0 ($291k)
Net Cash Provided by (Used in) Operating Activities $3.4m $6.0m $97.1m $161.0m $184.8m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment ($56.3m) $104.2m $138.8m $108.1m $158.7m
Net Investment Purchase And Sale — — $0 $0 ($114.3m)
Purchase Of Investment — — $0 $0 ($139.7m)
Sale Of Investment — — $0 $0 $25.3m
Net Cash Provided by (Used in) Investing Activities ($56.3m) ($104.2m) ($138.8m) ($108.1m) ($273.0m)
Cash flows from financing activities:
Proceeds from Issuance of Long-term Debt — $0 $6.0m $0 $0
Proceeds from principal payments on debt securities — — $0 $0 $25.3m
Proceeds from long-term debt $0 $0 $6.0m $0 $0
Issuance Of Debt — $0 $6.0m $0 $0
Long Term Debt Issuance — $0 $6.0m $0 $0
Net Issuance Payments Of Debt — ($115k) ($85k) ($45k) $0
Net Long Term Debt Issuance — ($115k) ($85k) ($45k) $0
Net Short Term Debt Issuance ($40.0m) $0 $0 — —
Payments on long-term debt $0 $0 ($6.0m) $0 $0
Long Term Debt Payments — ($115k) ($6.1m) ($45k) $0
Repayment Of Debt — ($115k) ($6.1m) ($45k) $0
Short Term Debt Payments ($40.0m) $0 $0 — —
Common Stock Issuance — $37k $344.0m $5.5m $5.0m
Net Common Stock Issuance — $37k $344.0m $5.5m $5.0m
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) —
Net Cash Provided by (Used in) Financing Activities $143.2m ($3.1m) $335.0m ($19.2m) $5.0m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — ($101.2m) $293.3m $33.7m ($83.2m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — $39.1m $332.4m $366.1m $282.9m
Net change in cash and cash equivalents $90.2m ($101.2m) $293.3m $33.7m ($83.2m)
Cash and cash equivalents - beginning of year $140.3m $39.1m $332.4m $366.1m $282.9m
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

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.