Print Page  |  Close Window

SEC Filings

8-K
CHIPOTLE MEXICAN GRILL INC filed this Form 8-K on 02/06/2018
Entire Document
 << Previous Page | Next Page >>

 

Chipotle Mexican Grill, Inc.

Consolidated Statement of Cash Flows

(in thousands)







 

 

 

 

 



 

 

 

 

 



Year ended December 31,



2017

 

2016



 

(unaudited)

 

 

 

Operating activities

 

 

 

 

 

Net income

$

176,253 

 

$

22,938 

Adjustments to reconcile net income to net cash provided by operating activities:

 

 

 

 

 

Depreciation and amortization

 

163,348 

 

 

146,368 

Deferred income tax (benefit) provision

 

(18,026)

 

 

(14,207)

Loss on disposal and impairment of assets

 

13,345 

 

 

23,877 

Bad debt allowance

 

214 

 

 

(262)

Stock-based compensation expense

 

65,255 

 

 

64,166 

Excess tax benefit on stock-based compensation

 

 -

 

 

(1,320)

Other

 

(218)

 

 

(604)

Changes in operating assets and liabilities:

 

 

 

 

 

Accounts receivable

 

(140)

 

 

(1,923)

Inventory

 

(5,250)

 

 

(91)

Prepaid expenses and other current assets

 

(6,710)

 

 

(4,259)

Other assets

 

(2,587)

 

 

(4,855)

Accounts payable

 

10,908 

 

 

(6,734)

Accrued liabilities

 

38,574 

 

 

33,491 

Income tax payable/receivable

 

(4,173)

 

 

54,340 

Deferred rent

 

29,996 

 

 

37,030 

Other long-term liabilities

 

6,316 

 

 

1,287 

Net cash provided by operating activities

 

467,105 

 

 

349,242 

Investing activities

 

 

 

 

 

Purchases of leasehold improvements, property and equipment

 

(216,777)

 

 

(258,842)

Purchases of investments

 

(199,801)

 

 

 -

Maturities of investments

 

330,000 

 

 

45,000 

Proceeds from sale of investments

 

 -

 

 

540,648 

Net cash provided by (used in) investing activities

 

(86,578)

 

 

326,806 

Financing activities

 

 

 

 

 

Acquisition of treasury stock

 

(285,920)

 

 

(837,655)

Excess tax benefit on stock-based compensation

 

 -

 

 

1,320 

Stock plan transactions and other financing activities

 

26 

 

 

52 

Net cash used in financing activities

 

(285,894)

 

 

(836,283)

Effect of exchange rate changes on cash and cash equivalents

 

2,056 

 

 

110 

Net change in cash and cash equivalents

 

96,689 

 

 

(160,125)

Cash and cash equivalents at beginning of year

 

87,880 

 

 

248,005 

Cash and cash equivalents at end of year

$

184,569 

 

$

87,880 

 


 

 << Previous Page | Next Page >>