Cheesecake Factory Inc. (CAKE) financial statements: income statement, balance sheet and cash flow
Cheesecake Factory Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 30, 2025 · FY), Cheesecake Factory Inc. reported revenue of $3.8B (+4.7% year on year) and net income of $148.4M (-5.3% year on year).
Income statement
Cheesecake Factory Inc. income statement, fiscal years
Line item
Dec 30, 2025 · FY
Dec 31, 2024 · FY
Jan 2, 2024 · FY
Jan 3, 2023 · FY
Revenues
$3.8B
$3.6B
$3.4B
$3.3B
Food and beverage costs
$813.1M
$806.0M
$803.5M
$810.9M
Labor expenses
$1.3B
$1.3B
$1.2B
$1.2B
Other operating costs and expenses
$1.0B
$959.2M
$922.4M
$881.6M
General and administrative expenses
$244.9M
$228.7M
$217.4M
$205.8M
Depreciation and amortization expenses
$109.0M
$101.5M
$93.1M
$92.4M
Impairment of assets and lease termination expenses
$23.0M
$13.6M
$29.5M
$31.4M
Acquisition-related contingent consideration, compensation and amortization expenses
$14.4M
$2.4M
$11.7M
$13.4M
Preopening costs
$33.1M
$27.5M
$25.4M
$16.8M
Total costs and expenses
$3.6B
$3.4B
$3.3B
$3.3B
Income from operations
$187.3M
$178.3M
$108.6M
$38.9M
Interest expense, net
($10.4M)
($10.1M)
—
—
Loss on extinguishment of debt
($15.9M)
—
—
—
Other income, net
$1.9M
$2.8M
—
—
Income before income taxes
$162.9M
$171.0M
$100.0M
$32.9M
Income tax provision/(benefit)
$14.5M
$14.3M
($1.3M)
($10.2M)
Net income
$148.4M
$156.8M
$101.4M
$43.1M
Basic (in dollars per share)
$3.17
$3.28
$2.10
$0.87
Diluted (Note 1) (in dollars per share)
$3.06
$3.20
$2.07
$0.86
Basic (in shares)
46.8M
47.8M
48.3M
49.8M
Diluted (in shares)
48.6M
49.0M
49.0M
50.4M
Cheesecake Factory Inc. income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jul 1, 2025 · Q3
Revenues
$1.0B
$978.8M
$907.2M
$955.8M
Food and beverage costs
$223.8M
$212.3M
$197.7M
$205.8M
Labor expenses
$351.5M
$347.8M
$322.8M
$333.5M
Other operating costs and expenses
$272.7M
$264.4M
$255.7M
$255.7M
General and administrative expenses
$65.6M
$63.9M
$59.0M
$58.8M
Depreciation and amortization expenses
$29.1M
$28.0M
$27.4M
$26.9M
Impairment of assets and lease termination expenses
$124.0K
$829.0K
($104.0K)
$222.0K
Acquisition-related contingent consideration, compensation and amortization expenses
$1.2M
$1.2M
$910.0K
$1.0M
Preopening costs
$7.0M
$5.5M
$6.6M
$9.0M
Total costs and expenses
$951.0M
$923.8M
$870.0M
$891.0M
Income from operations
$78.6M
$55.0M
$37.3M
$64.8M
Interest expense, net
($2.1M)
($2.0M)
($2.2M)
($2.9M)
Other income, net
$352.0K
$301.0K
$459.0K
$280.0K
Income before income taxes
$76.9M
$53.4M
$35.5M
$62.2M
Income tax provision
$8.5M
$3.8M
$3.6M
$7.4M
Net income
$68.4M
$49.5M
$31.9M
$54.8M
Basic (in dollars per share)
$1.47
$1.06
$0.68
$1.18
Diluted (Note 10) (in dollars per share)
$1.41
$1.02
$0.66
$1.14
Basic (in shares)
46.6M
46.6M
46.6M
46.4M
Diluted (in shares)
48.5M
48.5M
48.6M
48.1M
Balance sheet
Cheesecake Factory Inc. balance sheet, fiscal years
Line item
Dec 30, 2025 · FY
Dec 31, 2024 · FY
Jan 2, 2024 · FY
Jan 3, 2023 · FY
Cash and cash equivalents
$215.7M
$84.2M
$56.3M
$114.8M
Accounts and other receivables
$109.7M
$112.5M
$103.1M
$105.5M
Income taxes receivable
$20.7M
$17.4M
$20.7M
$21.5M
Inventories
$54.0M
$64.5M
$57.7M
$55.6M
Prepaid expenses
$54.7M
$54.7M
$63.1M
$48.4M
Total current assets
$454.8M
$333.3M
$300.8M
$345.8M
Property and equipment, net
$869.7M
$840.8M
$791.1M
$746.1M
Intangible assets, net
$251.8M
$251.8M
$251.7M
$251.5M
Operating lease assets
$1.4B
$1.4B
$1.3B
$1.3B
Other
$240.6M
$215.5M
$194.6M
$162.9M
Total other assets
$1.9B
$1.9B
$1.7B
$1.7B
Total assets
$3.3B
$3.0B
$2.8B
$2.8B
Accounts payable
$62.7M
$62.1M
$63.2M
$66.6M
Gift card liabilities
$212.9M
$226.8M
$222.9M
$219.8M
Operating lease liabilities
$167.3M
$157.1M
$134.9M
$139.1M
Other accrued expenses
$265.3M
$265.4M
$239.7M
$231.1M
Current portion of long-term debt
$68.8M
—
—
—
Total current liabilities
$777.0M
$711.4M
$660.7M
$656.7M
Long-term debt
$561.3M
$452.1M
$470.0M
$468.0M
Operating lease liabilities
$1.3B
$1.3B
$1.3B
$1.2B
Other noncurrent liabilities
$154.6M
$135.8M
$136.6M
$125.0M
Total liabilities
$2.8B
$2.6B
$2.5B
—
Common stock, $.01 par value, 250,000,000 shares authorized; 109,546,812 shares issued and 49,635,893 shares outstanding at December 30, 2025 and 108,387,574 shares issued and 51,332,298 shares outstanding at December 31, 2024
1.1M
1.1M
1.1M
1.1M
Additional paid-in capital
$1.0B
$956.1M
$913.4M
$887.5M
Retained earnings
$1.4B
$1.3B
$1.2B
$1.2B
Treasury stock inclusive of excise tax, 59,910,919 and 57,055,276 shares at cost at December 30, 2025 and December 31, 2024, respectively
-2.0B
-1.8B
-1.8B
-1.8B
Accumulated other comprehensive loss
($1.0M)
($1.6M)
($694.0K)
($982.0K)
Total stockholders' equity
$436.4M
$443.5M
$318.1M
$292.0M
Total liabilities and stockholders' equity
$3.3B
$3.0B
$2.8B
$2.8B
Cheesecake Factory Inc. balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jul 1, 2025
Cash and cash equivalents
$195.2M
$235.1M
$190.0M
$148.8M
Accounts and other receivables
$86.4M
$77.3M
$93.2M
$90.5M
Income taxes receivable
$28.0M
$24.1M
$18.1M
$15.5M
Inventories
$50.5M
$50.6M
$63.4M
$66.4M
Prepaid expenses
$58.6M
$77.8M
$59.3M
$58.2M
Total current assets
$418.8M
$464.8M
$423.9M
$379.4M
Property and equipment, net
$904.0M
$890.0M
$872.1M
$864.5M
Intangible assets, net
$252.0M
$252.0M
$252.1M
$252.1M
Operating lease assets
$1.5B
$1.5B
$1.5B
$1.4B
Other
$248.6M
$233.6M
$226.0M
$221.6M
Total other assets
$2.0B
$1.9B
$1.9B
$1.9B
Total assets
$3.3B
$3.3B
$3.2B
$3.2B
Accounts payable
$70.7M
$66.9M
$55.5M
$59.1M
Gift card liabilities
$183.5M
$187.7M
$189.4M
$196.3M
Operating lease liabilities
$172.0M
$170.2M
$165.9M
$149.4M
Other accrued expenses
$287.4M
$287.6M
$291.9M
$263.6M
Total current liabilities
$713.6M
$781.3M
$771.4M
$737.1M
Long-term debt
$562.9M
$562.1M
$560.4M
$559.6M
Operating lease liabilities
$1.3B
$1.3B
$1.3B
$1.3B
Other noncurrent liabilities
$152.7M
$154.2M
$140.1M
$131.7M
Total liabilities
$2.8B
$2.8B
$2.8B
$2.8B
Common stock, $.01 par value, 250,000,000 shares authorized; 110,177,029 shares issued and 49,775,548 shares outstanding at June 30, 2026 and 109,546,812 shares issued and 49,635,893 shares outstanding at December 30, 2025
1.1M
1.1M
1.1M
1.1M
Additional paid-in capital
$1.0B
$1.0B
$1.0B
$994.0M
Retained earnings
$1.5B
$1.4B
$1.4B
$1.4B
Treasury stock inclusive of excise tax, 60,401,481 and 59,910,919 shares at cost at June 30, 2026 and December 30, 2025, respectively
-2.0B
-2.0B
-2.0B
-2.0B
Accumulated other comprehensive loss
($1.5M)
($1.2M)
($1.2M)
($985.0K)
Total stockholders' equity
$519.0M
$459.2M
$425.3M
$400.9M
Total liabilities and stockholders' equity
$3.3B
$3.3B
$3.2B
$3.2B
Cash flow statement
Cheesecake Factory Inc. cash flow statement, fiscal years
Line item
Dec 30, 2025 · FY
Dec 31, 2024 · FY
Jan 2, 2024 · FY
Jan 3, 2023 · FY
Net income
$148.4M
$156.8M
$101.4M
—
Depreciation and amortization expenses
$109.0M
$101.5M
$93.1M
$92.4M
Impairment of assets and lease termination expenses
$19.3M
$12.8M
$27.0M
$31.3M
Loss on extinguishment of debt
$15.9M
—
—
—
Deferred income taxes
($6.7M)
($6.1M)
($15.7M)
($18.6M)
Stock-based compensation
$27.2M
$30.0M
$25.8M
$24.4M
Payment of deferred consideration and compensation in excess of acquisition-date fair value
($8.7M)
($6.5M)
—
—
Accounts and other receivables
($4.1M)
($1.7M)
($98.0K)
($12.3M)
Income taxes receivable/payable
($3.3M)
$3.3M
$852.0K
$14.7M
Inventories
$10.6M
($6.9M)
($2.1M)
($12.7M)
Prepaid expenses
($30.0K)
$8.3M
($14.7M)
($12.0M)
Operating lease assets/liabilities
($9.8M)
($32.3M)
($27.1M)
($18.4M)
Other assets
($17.8M)
($14.0M)
($14.5M)
$13.7M
Accounts payable
$1.7M
($1.8M)
$4.0M
$17.6M
Gift card liabilities
($14.0M)
$3.9M
$3.1M
$8.6M
Other accrued expenses
$33.5M
$21.2M
$37.4M
($9.9M)
Cash provided by operating activities
$301.3M
$268.3M
$218.4M
$161.9M
Additions to property and equipment
($146.2M)
($160.4M)
($151.6M)
($112.5M)
Additions to intangible assets
($1.1M)
($1.1M)
($1.7M)
($680.0K)
Cash used in investing activities
($147.3M)
($161.1M)
($153.5M)
($112.8M)
Repayments on credit facility
($110.0M)
($20.0M)
($15.0M)
($130.0M)
Proceeds from long-term convertible debt
$575.0M
—
—
—
Repayment on long-term convertible debt, including premium on extinguishment
($289.8M)
—
—
—
Issuance costs associated with long-term debt
($16.5M)
—
—
—
Proceeds from exercise of stock options
$24.6M
$12.5M
—
$84.0K
Common stock dividends paid
($52.2M)
($53.0M)
($53.2M)
($42.3M)
Treasury stock purchases, inclusive of excise tax
($153.9M)
($18.2M)
($46.1M)
($63.1M)
Cash used in financing activities
($22.8M)
($78.8M)
($123.5M)
($123.6M)
Foreign currency translation adjustment
$315.0K
($548.0K)
$144.0K
($325.0K)
Net change in cash and cash equivalents
$131.6M
$27.9M
($58.5M)
($74.8M)
Cash and cash equivalents at beginning of period
$84.2M
$56.3M
$114.8M
$189.6M
Cash and cash equivalents at end of period
$215.7M
$84.2M
$56.3M
$114.8M
Interest paid
$8.7M
$12.9M
$9.8M
$7.2M
Income taxes paid (1)
$22.8M
$19.1M
$14.5M
$14.7M
Construction payable
$16.9M
$24.3M
$16.8M
$9.3M
Cheesecake Factory Inc. cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jul 1, 2025 · YTD
Net income
$117.9M
$49.5M
$119.7M
$87.8M
Depreciation and amortization expenses
$57.1M
$28.0M
$80.4M
$52.9M
Impairment of assets and lease termination expenses
$344.0K
$432.0K
($17.0K)
$236.0K
Deferred income taxes
$8.1M
$6.1M
$5.4M
$2.2M
Stock-based compensation
$15.8M
$7.0M
$20.4M
$14.8M
Payment of deferred consideration and compensation in excess of acquisition-date fair value
($13.2M)
—
($8.7M)
($8.7M)
Accounts and other receivables
$32.3M
$36.3M
$20.7M
$25.1M
Income taxes receivable/payable
($7.3M)
($3.4M)
($675.0K)
$1.9M
Inventories
$3.5M
$3.4M
$1.1M
($1.9M)
Prepaid expenses
($3.9M)
($23.1M)
($4.6M)
($3.5M)
Operating lease assets/liabilities
($7.6M)
($1.1M)
($13.1M)
($18.0M)
Other assets
($14.5M)
$2.2M
($15.5M)
($8.3M)
Accounts payable
$6.4M
$2.7M
($4.7M)
($2.2M)
Gift card liabilities
($29.4M)
($25.1M)
($37.5M)
($30.5M)
Other accrued expenses
$23.5M
$13.8M
$47.6M
$8.0M
Cash provided by operating activities
$188.9M
$96.7M
$226.4M
$135.8M
Additions to property and equipment
($86.3M)
($43.4M)
($121.0M)
($84.4M)
Additions to intangible assets
($588.0K)
($315.0K)
($906.0K)
($537.0K)
Cash used in investing activities
($86.9M)
($43.7M)
($122.0M)
($84.9M)
Repayment on long-term convertible debt, including premium on extinguishment