Shake Shack Inc. (SHAK) quarterly cash flow statement — complete operating, investing & financing history
Shake Shack Inc. (SHAK) cash flow statement — 14-year operating, investing & financing cash flows
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Cash from Operations | 49.03M | 56.97M | 30.02M | 63.14M | 63M | 65M | 31.22M | 45.08M | 41.86M | 53.55M | 30.66M | 41.55M | 28.4M | 42.37M | 19.82M | 22.41M | 19.17M | 27.19M | 7.97M | 14.66M |
| Operating CF Margin % | 11.58% | 13.64% | 8.19% | 15.76% | 17.15% | 18.23% | 9.73% | 13.72% | 13.21% | 16.92% | 10.56% | 14.51% | 10.28% | 15.59% | 7.83% | 9.39% | 8.42% | 11.78% | 3.92% | 7.21% |
| Operating CF Growth % | -22.17% | -12.35% | -3.83% | 40.04% | 50.49% | 21.39% | 1.82% | 8.51% | 47.4% | 26.37% | 54.72% | 85.41% | 48.14% | 55.81% | 148.68% | 52.84% | 184.65% | 0.52% | -19.91% | 66.84% |
| Net Income | 17.76M | 16.88M | -290K | 13M | 13.71M | 18.48M | 4.51M | 8.71M | -11.11M | 9.67M | 2.04M | 6.77M | 7.63M | 6.95M | -1.62M | -7.76M | -2.02M | -1.19M | -10.16M | -9.73M |
| Depreciation & Amortization | 33.75M | 30.72M | 29.63M | 26.95M | 27.59M | 27.11M | 27.15M | 26.37M | 26.25M | 26.03M | 25.96M | 43.02M | 23.57M | 23.13M | 21.76M | 19.63M | 19.04M | 18.7M | 17.45M | 15.92M |
| Stock-Based Compensation | 10.15M | 3.92M | 0 | 5.33M | 4.42M | 5.21M | 4.54M | 0 | 4.16M | 3.74M | 3.64M | 3.67M | 0 | 0 | 3.8M | 0 | 0 | 3.45M | 3.19M | 0 |
| Deferred Taxes | 4.47M | 4.59M | -1.59M | 7.38M | 5.45M | 4.43M | -644K | 3.07M | -5.43M | 1.44M | -131K | -15.71M | 4.36M | 816K | 1.92M | -17.23M | 3.82M | 0 | 0 | -20.09M |
| Other Non-Cash Items | 343K | 27.16M | 31M | 26.44M | 23M | 22.73M | 23.03M | 28.89M | 47.22M | 21.16M | 18.92M | 537K | 21.07M | 21.39M | 17.04M | 19.15M | 19.22M | 19.36M | 16.4M | 16.59M |
| Working Capital Changes | -17.45M | -26.3M | -28.73M | -15.95M | -11.17M | -12.96M | -27.36M | -21.96M | -19.23M | -8.49M | -19.76M | 3.26M | -28.23M | -9.91M | -23.07M | 8.62M | -20.89M | -13.13M | -18.91M | 11.97M |
| Change in Receivables | 4.09M | -5.55M | 3.86M | -8.62M | 589K | -2.92M | 1.4M | -2.94M | -829K | -1.46M | 2.39M | -2.96M | 443K | -3.81M | 3.35M | 7.3M | 119K | -181K | 1.9M | -2.35M |
| Change in Inventory | -203K | -749K | 572K | -871K | -283K | -716K | 702K | -868K | 48K | -121K | 331K | -796K | 66K | -280K | -210K | -188K | -41K | -175K | 70K | -325K |
| Change in Payables | -600K | -1.73M | 3.3M | -917K | 1.55M | 61K | -2.23M | 7.26M | -2.82M | 2.68M | -3.76M | 5.75M | -1.13M | 1.86M | -5.8M | 5.61M | -965K | 0 | 0 | 330K |
| Cash from Investing | -57.5M | -57.71M | -47.19M | -59.15M | -39.26M | -38.09M | -29.35M | -34.7M | -31.81M | -10.88M | 11.31M | -6.06M | -40.85M | -131.88M | 46.46M | -48.21M | -39.76M | -27.4M | -28.05M | -32.72M |
| Capital Expenditures | -57.5M | -57.71M | -47.19M | -59.15M | -39.26M | -38.09M | -29.35M | -34.7M | -34.81M | -32.94M | -33.05M | -33.13M | -38.28M | -40.43M | -34.33M | -47.76M | -39.53M | -27.29M | -27.97M | -32.64M |
| CapEx % of Revenue | 13.59% | 13.82% | 12.87% | 14.77% | 10.69% | 10.68% | 9.15% | 10.56% | 10.98% | 10.41% | 11.38% | 11.58% | 13.86% | 14.87% | 13.55% | 20.02% | 17.35% | 11.83% | 13.75% | 16.06% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -109K | -77K | 0 |
| Cash from Financing | 19.51M | -4.95M | -29.3M | -1.62M | -2.79M | -3.03M | -9.66M | -537K | -1.03M | -1.03M | -6.42M | -859K | -1.23M | -227K | -3.37M | -673K | -747K | -709K | -3.07M | -956K |
| Debt Issued (Net) | -1.75M | -1.66M | -23.13M | 4.01M | -1.38M | -1.34M | -1.29M | -1.04M | -1M | -1.01M | -910K | -889K | -879K | -697K | -807K | -714K | -747K | -766K | -747K | -865K |
| Equity Issued (Net) | 0 | 0 | 69K | 484K | -484K | -850K | 123K | 832K | 243K | 78K | 474K | 113K | 1K | 517K | 0 | 90K | 159K | -12K | -2.11M | 43K |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 484K | -484K | -850K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -12K | -2.11M | 0 |
| Other Financing | 21.26M | -3.29M | -6.24M | -6.12M | -924K | -836K | -8.49M | -326K | -268K | -101K | -5.99M | -83K | -351K | -47K | -2.56M | -49K | -159K | 69K | -218K | -134K |
| Net Change in Cash | 11.04M | -5.69M | -46.47M | 2.37M | 20.95M | 23.88M | -7.79M | 9.85M | 9.03M | 41.63M | 35.55M | 34.63M | -13.68M | -89.73M | 62.91M | -26.48M | -21.33M | -919K | -23.16M | -19.02M |
| Free Cash Flow | -8.47M | -736K | -17.17M | 3.98M | 23.74M | 26.91M | 1.87M | 10.38M | 7.05M | 20.61M | -2.39M | 8.41M | -9.88M | 1.94M | -14.51M | -25.35M | -20.36M | -100K | -20M | -17.98M |
| FCF Margin % | -2% | -0.18% | -4.68% | 0.99% | 6.46% | 7.55% | 0.58% | 3.16% | 2.23% | 6.51% | -0.82% | 2.94% | -3.58% | 0.71% | -5.73% | -10.63% | -8.94% | -0.04% | -9.84% | -8.85% |
| FCF Growth % | -135.68% | -102.73% | -1018.02% | -61.64% | 236.59% | 30.6% | 178.28% | 23.43% | 171.4% | 961.12% | 83.53% | 133.19% | 51.48% | 2042% | 27.48% | -41% | -16.95% | -101.82% | -51.5% | -35.73% |
| FCF per Share | -0.20 | -0.02 | -0.43 | 0.10 | 0.57 | 0.64 | 0.04 | 0.25 | 0.18 | 0.50 | -0.06 | 0.19 | -0.22 | 0.04 | -0.37 | -0.65 | -0.52 | -0.00 | -0.51 | -0.46 |
| FCF Conversion (FCF/Net Income) | 2.97x | 3.63x | -103.53x | 5.34x | 5.04x | 3.79x | 7.36x | 5.18x | -4.10x | 5.54x | 15.03x | 5.75x | 3.72x | 6.10x | -12.92x | -2.09x | -9.47x | -22.89x | -0.78x | -1.51x |
| Interest Paid | -1.29M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 61K | 57K | 0 |
| Taxes Paid | 3.32M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |