← Chefs' Warehouse, Inc.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 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 — — — — — — $27.8m $34.6m $55.5m $72.4m
Net Income (Loss) Attributable to Parent $3.0m $14.4m $20.4m $24.2m ($82.9m) ($4.9m) $27.8m $34.6m $55.5m $72.4m
Depreciation, Depletion and Amortization $7.1m $8.5m $10.3m $13.3m $19.8m $22.0m $24.3m $32.9m $40.6m $53.7m
Amortization of Debt Issuance Costs and Discounts — — — — — $913k — — — —
Amortization of Intangible Assets $11.4m $12.0m $11.9m $12.7m $13.5m $13.0m $13.9m $22.7m $24.4m $24.5m
Depreciation $5.7m $6.6m $7.1m — — — $18.6m $26.9m $35.1m $47.5m
Amortization Cash Flow — — — — — — $19.7m $28.7m $29.8m $30.6m
Amortization Of Intangibles — — — — — — $19.7m $28.7m $29.8m $30.6m
Depreciation Amortization Depletion — — — — — — $38.2m $55.6m $64.9m $78.1m
Deferred Income Tax Expense (Benefit) $3.0m ($703k) $2.6m $2.1m ($18.4m) ($1.8m) $9.6m $8.1m $1.5m $6.5m
Deferred Income Tax — — — — — — $9.6m $8.1m $1.5m $6.5m
Deferred Tax — — — — — — $9.6m $8.1m $1.5m $6.5m
Share-based Payment Arrangement, Noncash Expense $2.6m $3.0m $4.1m $4.4m $9.3m $11.5m $13.6m $20.0m $17.8m $21.2m
Payment, Tax Withholding, Share-based Payment Arrangement $569k $500k $764k $1.0m $3.7m $1.8m $2.7m $2.1m $7.4m $12.0m
Share-based Payment Arrangement, Expense — — — — — — — $2.2m $2.2m $2.6m
Impairment of Intangible Assets (Excluding Goodwill) — — — — $24.2m $597k $0 $1.8m — —
Impairment of Intangible Assets, Finite-lived — — — — — — — — $0 $8.0m
Asset Impairment Charge — — — — — — $0 $1.8m $0 $8.0m
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property $69k ($10k) ($169k) ($101k) ($151k) ($193k) ($17k) — — —
Gain (Loss) on Extinguishment of Debt ($22.3m) $0 $0 — — — ($14.3m) $0 ($685k) —
Income Tax Expense (Benefit) $2.7m $4.0m $7.4m $8.2m ($40.7m) ($1.9m) $14.1m $20.9m $24.1m $31.2m
Interest Expense Nonoperating — — — — — — — — $48.7m $41.6m
Operating Lease, Expense — — — — $689k $1.4m $1.7m — — —
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable $2.5m $13.6m $19.5m $13.2m ($77.6m) $70.8m $48.2m $48.8m $44.8m $35.9m
Increase (Decrease) in Inventories ($7.0m) $11.8m $6.3m $9.4m ($49.0m) $60.8m $49.9m $28.8m $32.2m $67.1m
Goodwill $163.8m $173.2m $184.3m $197.7m $214.9m $221.8m $287.1m $356.0m $356.3m $362.7m
Operating Expenses $254.0m $288.3m $318.3m $355.6m — — — — — —
Payments of Financing Costs $7.8m $761k $1.5m $5.1m $856k $1.4m $19.0m $1.7m $0 $658k
Proceeds from Stock Options Exercised — $0 $0 $1.5m $0 $0 $69k $55k $175k $0
Beginning Cash Position — — — — — — $115.2m $158.8m $49.9m $114.7m
Cash Flow From Continuing Financing Activities — — — — — — $253.2m $9.0m ($38.5m) ($76.2m)
Cash Flow From Continuing Investing Activities — — — — — — ($232.0m) ($179.3m) ($49.8m) ($46.8m)
Change In Account Payable — — — — — — $19.2m $19.6m $87.3m $31.4m
Change In Inventory — — — — — — ($49.9m) ($28.8m) ($32.2m) ($67.1m)
Change In Other Working Capital — — — — — — ($1.3m) ($10.0m) ($5.7m) ($4.4m)
Change In Payable — — — — — — $19.2m $19.6m $87.3m $31.4m
Change In Payables And Accrued Expense — — — — — — $19.2m $19.6m $87.3m $31.4m
Change In Prepaid Assets — — — — — — ($17.6m) ($7.2m) ($6.0m) $404k
Change In Receivables — — — — — — ($48.2m) ($48.8m) ($44.8m) ($35.9m)
Change In Working Capital — — — — — — ($97.9m) ($75.2m) ($1.5m) ($75.6m)
Changes In Account Receivables — — — — — — ($48.2m) ($48.8m) ($44.8m) ($35.9m)
Changes In Cash — — — — — — $44.3m ($108.7m) $64.8m $6.2m
End Cash Position — — — — — — $158.8m $49.9m $114.7m $121.0m
Financing Cash Flow — — — — — — $253.2m $9.0m ($38.5m) ($76.2m)
Free Cash Flow — — — — — — ($22.7m) $4.2m $103.6m $87.8m
Investing Cash Flow — — — — — — ($232.0m) ($179.3m) ($49.8m) ($46.8m)
Issuance Of Capital Stock — — — — — $0 $0 — — —
Net Business Purchase And Sale — — — — — — ($186.2m) ($121.9m) ($315k) ($4.6m)
Operating Gains Losses — — — — — $193k $14.3m — $685k —
Other Non Cash Items — — — — — — $11.5m $8.5m $2.9m $6.4m
Proceeds From Stock Option Exercised — — — — — — $69k $55k $175k $0
Provisionand Write Offof Assets — — — — — — $6.0m $8.1m $12.0m $12.1m
Purchase Of Business — — — — — — ($186.2m) ($121.9m) ($315k) ($4.6m)
Repurchase Of Capital Stock — — — — — — $0 $0 ($17.4m) ($15.0m)
Stock Based Compensation — — — — — — $13.6m $20.0m $17.8m $21.2m
Other Operating Income (Expense), Net — — — — ($14.4m) ($422k) ($14.7m) ($8.8m) ($1.1m) ($9.2m)
Net Cash Provided by (Used in) Operating Activities $38.9m $31.5m $45.1m $45.0m $42.9m ($19.9m) $23.1m $61.6m $153.1m $129.2m
Cash flows from investing activities:
Capital Expenditure — — — — — — ($45.8m) ($57.4m) ($49.5m) ($41.4m)
Capital Expenditure Reported $16.6m $12.3m $19.8m $16.1m $7.0m $38.8m ($45.8m) ($57.4m) ($49.5m) ($41.4m)
Payments to Acquire Businesses, Net of Cash Acquired $19.7m $30.1m $13.9m $28.1m $60.9m $10.2m $186.2m $121.9m $315k $4.6m
Net Cash Provided by (Used in) Investing Activities ($35.8m) ($42.4m) ($33.7m) ($44.2m) ($68.0m) ($49.0m) ($232.0m) ($179.3m) ($49.8m) ($46.8m)
Cash flows from financing activities:
Proceeds from Issuance of Long-term Debt — — — $150.0m $0 $51.8m $587.5m $0 $0 —
Issuance Of Debt — — — — — — $629.7m $60.0m $46.4m $0
Long Term Debt Issuance — — — — — — $629.7m $60.0m $46.4m $0
Net Issuance Payments Of Debt — — — — — — $278.6m $24.5m ($10.1m) ($48.6m)
Net Long Term Debt Issuance — — — — — — $278.6m $24.5m ($10.1m) ($48.6m)
Repayments of Long-term Debt — — — — — — — $29.0m $23.0m $13.0m
Long Term Debt Payments — — — — — — ($351.1m) ($35.5m) ($56.5m) ($48.6m)
Repayment Of Debt — — — — — — ($351.1m) ($35.5m) ($56.5m) ($48.6m)
Proceeds from Issuance of Common Stock — — — $0 $85.9m $0 $0 — — —
Common Stock Issuance — — — — — $0 $0 — — —
Net Common Stock Issuance — — — — — — $0 $0 ($17.4m) ($15.0m)
Payments for Repurchase of Common Stock — — — — — — — — $17.4m $15.0m
Common Stock Payments — — — — — — $0 $0 ($17.4m) ($15.0m)
Proceeds from (Payments for) Other Financing Activities ($6.7m) ($500k) ($3.0m) ($2.4m) ($2.9m) ($83k) ($3.8m) — — —
Net Other Financing Charges — — — — — — ($25.5m) ($15.5m) ($11.2m) ($12.7m)
Net Cash Provided by (Used in) Financing Activities $27.2m $19.4m ($10.4m) $96.9m $78.1m ($9.2m) $253.2m $9.0m ($38.5m) ($76.2m)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $74k $122k ($46k) $23k $79k ($14k) ($681k) ($260k) $19k $89k
Effect Of Exchange Rate Changes — — — — — — ($681k) ($260k) $19k $89k
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect $74k $122k ($46k) $97.8m $53.0m ($78.1m) $43.6m ($108.9m) $64.8m $6.3m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — $140.2m $193.3m $115.2m $158.8m $49.9m $114.7m $121.0m
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — — $43.6m ($108.9m) $64.8m $6.3m
Interest Paid, Excluding Capitalized Interest, Operating Activities — — $17.0m $16.3m $18.2m $15.4m $27.2m $42.1m $42.8m $38.5m
Income Taxes Paid, Net $6.4m $333k $4.8m $6.0m $308k ($230k) $4.3m $17.9m $18.5m $22.9m

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