For the quarter ending 2026-04-01, SHAK had -$46,473K decrease in cash & cash equivalents over the period. -$38,703K in free cash flow.
| Cash Flow | 2026-04-01 | 2025-12-31 | 2025-09-24 | 2025-06-25 |
|---|---|---|---|---|
| Net income (loss) (including amounts attributable to non-controlling interests) | -294 | 12,999 | 13,711 | 18,483 |
| Depreciation and amortization expense | 29,120 | 26,433 | 27,079 | 26,545 |
| Amortization of debt issuance costs | 262 | 262 | 262 | 262 |
| Amortization of cloud computing assets | 512 | 512 | 510 | 560 |
| Non-cash operating lease cost | 24,687 | 24,360 | 22,239 | 21,576 |
| Equity-based compensation | 5,160 | 5,330 | 4,423 | 5,209 |
| Deferred income taxes | -1,590 | 7,378 | 5,453 | 4,429 |
| Non-cash interest | 26 | 14 | -15 | 13 |
| Gain on sale of equity securities | - | 0 | - | - |
| Net amortization of discount on held-to-maturity securities | - | 0 | 0 | 0 |
| Impairments, loss on disposal of assets, and shack closures | -867 | -30,503 | -510 | -881 |
| Accounts receivable | -3,857 | 8,621 | -589 | 2,917 |
| Inventories | -572 | 871 | 283 | 716 |
| Prepaid expenses and other current assets | 13,677 | -1,019 | 1,972 | -1,624 |
| Other assets | 2,128 | 1,325 | 656 | 1,603 |
| Accounts payable | 3,301 | -917 | 1,554 | 61 |
| Accrued expenses | -12,516 | 7,824 | 9,131 | 7,381 |
| Accrued wages and related liabilities | -4,330 | -465 | 2,652 | 2,746 |
| Other current liabilities | -5,332 | 4,813 | -1,034 | 66 |
| Operating lease liabilities | -21,536 | -16,970 | -21,357 | -21,228 |
| Other long-term liabilities | 1,528 | -439 | 203 | 1,626 |
| Net cash provided by operating activities | 8,489 | 63,136 | 62,999 | 64,998 |
| Purchases of held-to-maturity securities | - | 0 | - | - |
| Maturities of held-to-maturity marketable securities | - | 0 | 0 | 0 |
| Purchases of equity securities | - | 0 | - | - |
| Sales of equity securities | - | 0 | - | - |
| Purchases of property and equipment | 47,192 | 59,152 | 39,259 | 38,086 |
| Net cash used in investing activities | -47,192 | -59,152 | -39,259 | -38,086 |
| Payments on principal of finance leases | 1,591 | 1,498 | 1,382 | 1,341 |
| Deferred financing costs | - | 0 | 10 | - |
| Distributions paid to non-controlling interest holders | 12 | 84 | 901 | 836 |
| Payments under tax receivable agreement | - | 37 | - | - |
| Payments under tax receivable agreement, including interest | 964 | - | 13 | 0 |
| Net proceeds from stock option exercises | 69 | 0 | 0 | 0 |
| Employee withholding taxes related to net settled equity awards | 5,254 | 36 | 484 | 850 |
| Net cash used in financing activities | -7,765 | -1,618 | -2,790 | -3,027 |
| Effect of exchange rate changes on cash and cash equivalents | -5 | 0 | 3 | -2 |
| Decrease in cash and cash equivalents | -46,473 | 2,366 | 20,953 | 23,883 |
| Cash and cash equivalents at beginning of period | 360,123 | 357,757 | 320,714 | - |
| Cash and cash equivalents at end of period | 313,650 | 360,123 | 357,757 | - |
Shake Shack Inc. (SHAK)
Shake Shack Inc. (SHAK)