FAT Brands Inc. (FAT) quarterly cash flow statement — complete operating, investing & financing history
| Metric | 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 | Q3'21 | Q2'21 | Q1'21 | Q4'20 |
|---|
| Cash from Operations | -14.55M | -26.91M | -13.22M | -10.41M | -3.22M | -14.21M | -28.4M | -12.57M | -1.82M | -9.5M | -11.71M | -10.79M | -8.64M | -18.25M | -9.71M | 4.69M | 926K | -3.69M | -1.25M | -2.98M |
| Operating CF Margin % | -10.39% | -18.32% | -9.31% | -7.17% | -2.25% | -9.35% | -18.69% | -7.93% | -1.67% | -8.9% | -11.08% | -10.4% | -8.37% | -17.76% | -9.97% | 6.04% | 3.11% | -44.51% | -18.74% | -45.82% |
| Operating CF Growth % | -351.66% | -89.3% | 53.46% | 17.2% | -76.59% | -49.67% | -142.43% | -16.46% | 78.89% | 47.97% | -20.66% | -330.27% | -1033.15% | -395.23% | -679.21% | 257.42% | 120.52% | -491.65% | 63.04% | -298.8% |
| Net Income | -59.45M | -55.37M | -46.31M | -67.42M | -44.76M | -39.36M | -38.32M | -26.24M | -24.66M | -7.09M | -32.13M | -70.81M | -23.44M | -8.19M | -23.75M | -19.59M | -3.63M | -5.93M | -2.43M | -7.67M |
| Depreciation & Amortization | 7.91M | 8.38M | 10.39M | 10.35M | 10.74M | 10.25M | 10.19M | 9.91M | 7.04M | 7.06M | 7.12M | 6.94M | 7.52M | 4.08M | 6.56M | 5.41M | 2.38M | 386K | 398K | 409K |
| Stock-Based Compensation | 3.54M | 12.77M | 367K | 369K | 0 | 700K | 745K | 947K | 1.1M | 477K | 1.09M | 1.5M | 2.04M | 1.96M | 2.11M | 1.15M | 258K | 193K | 37K | 38K |
| Deferred Taxes | 556K | -296K | 1.11M | -8.78M | -356K | 1.32M | 2.78M | -8.19M | -2.15M | 847K | 1.12M | 14.03M | 182K | 188K | 3.07M | -1.95M | -381K | -2.01M | -995K | -2.44M |
| Other Non-Cash Items | 16.74M | 4.05M | 3.98M | 47.62M | 8.28M | 5.77M | 4.12M | -6.88M | 17.42M | -8.65M | 4.77M | 36.49M | 36.1M | 4.54M | 4.72M | 5.99M | 1.65M | 4.59M | 1M | 6.45M |
| Working Capital Changes | 16.16M | 3.56M | 17.24M | 7.45M | 22.87M | 7.11M | -7.93M | 17.88M | -571K | -2.14M | 6.31M | 1.06M | -1.74M | -21.08M | -2.41M | 13.68M | 661K | -914K | 743K | 237K |
| Change in Receivables | 340K | -6K | 2.12M | -1.41M | 1.25M | -395K | 1.25M | -920K | 6.22M | 74K | 7.19M | 1.58M | -9.57M | -17.93M | 1.4M | -1.68M | -1.63M | -1.14M | -258K | 424K |
| Change in Inventory | 280K | 833K | -142K | 48K | 398K | 317K | 123K | -2.47M | -582K | 517K | 155K | 0 | 0 | -171K | -234K | 12.68M | -508K | 592K | 618K | -101K |
| Change in Payables | 5.2M | -2.84M | 6.61M | 8.67M | 12.1M | -5.82M | 1.97M | 3.39M | 2.11M | -3.77M | 1.74M | -2.62M | -2.65M | 90K | -4.01M | 3.73M | 2.04M | -454K | 59K | -321K |
| Cash from Investing | -2.3M | -2.4M | -24K | -504K | -7.79M | -10.13M | -8.05M | -45.46M | -7.47M | -4.92M | -1.96M | 1.94M | -5.13M | -5.56M | -3.74M | -377.05M | -346.37M | 794K | -573K | -3.45M |
| Capital Expenditures | -2.33M | -2.4M | -4.55M | -591K | -7.87M | -10.21M | -4.13M | -8.08M | -6.4M | -5M | -2.03M | -8.06M | -5.37M | -4.22M | -3.77M | -8.76M | -403K | -685K | -573K | -221K |
| CapEx % of Revenue | 1.66% | 1.64% | 3.2% | 0.41% | 5.49% | 6.72% | 2.72% | 5.09% | 5.85% | 4.68% | 1.92% | 7.77% | 5.2% | 4.1% | 3.87% | 11.28% | 1.35% | 8.27% | 8.62% | 3.4% |
| Acquisitions | 0 | 0 | 0 | -4M | 0 | 0 | -4M | -37.46M | -1.14M | 0 | 0 | 1.75M | 0 | -2.77M | 0 | -372.65M | -345.98M | 1.44M | 0 | 26K |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 31K | 0 | 4.52M | 4.09M | 85K | 82K | 80K | 77K | 75K | 73K | 70K | 8.25M | 238K | 1.43M | 30K | 4.36M | 16K | 37K | 0 | -3.26M |
| Cash from Financing | -4.42M | 13.89M | 5.19M | 11.56M | 4.64M | 1.63M | 40.38M | 11.09M | 76.25M | -996K | 32.2M | 15.52M | 24.45M | -5.3M | -5.93M | 428.75M | 334.95M | 52M | -477K | -628K |
| Debt Issued (Net) | -4.42M | 13.62M | 3.03M | 14.07M | 7.93M | 4.82M | 43.71M | 207.11M | 78.22M | 1.74M | 35.84M | 18.93M | -231K | -66K | 256K | 415.11M | 337.86M | 47.73M | -353K | -174K |
| Equity Issued (Net) | 0 | 961K | 4.39M | 1.94M | 1.03M | 1.11M | 924K | 2.34M | 2.17M | 1.21M | 439K | 0 | 38K | 0 | 79K | 18.49M | 0 | 0 | 0 | 101K |
| Dividends Paid | 0 | -690K | -2.23M | -4.45M | -4.32M | -4.3M | -4.26M | -4.19M | -4.13M | -3.95M | -4.08M | -3.98M | -3.98M | -3.8M | -4.84M | -5.19M | -3.68M | -3.81M | -639K | -143K |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 0 | 0 | 0 | 0 | -1K | 1K | 0 | -194.16M | 0 | 0 | 0 | 577K | 25.76M | 4K | -1.42M | 348K | 775K | 8.07M | 515K | -412K |
| Net Change in Cash | -21.26M | -15.42M | -8.05M | 645K | -6.37M | -22.73M | 3.93M | -46.93M | 66.96M | -15.41M | 18.53M | 6.66M | 9.87M | -91.13M | -100.78M | 56.39M | -10.49M | 49.1M | -2.3M | -7.06M |
| Free Cash Flow | -16.88M | -29.31M | -17.76M | -11M | -11.09M | -24.43M | -32.53M | -20.65M | -8.22M | -14.49M | -13.75M | -20.61M | -14.01M | -22.47M | -13.48M | -4.07M | 523K | -4.37M | -1.82M | -3.2M |
| FCF Margin % | -12.05% | -19.96% | -12.51% | -7.57% | -7.74% | -16.07% | -21.4% | -13.02% | -7.52% | -13.57% | -13.01% | -19.85% | -13.57% | -21.86% | -13.84% | -5.24% | 1.76% | -52.78% | -27.36% | -49.22% |
| FCF Growth % | -52.13% | -20% | 45.39% | 46.72% | -34.87% | -68.55% | -136.63% | -0.18% | 41.29% | 35.51% | -1.98% | -406.02% | -2778.78% | -414.09% | -641.01% | -27.32% | 111.13% | -565.3% | 46.33% | -306.79% |
| FCF per Share | -0.94 | -1.64 | -1.01 | -0.64 | -0.65 | -1.44 | -1.92 | -1.24 | -0.50 | -0.88 | -0.83 | -1.25 | -0.85 | -1.37 | -0.82 | -0.29 | 0.04 | -0.32 | -0.15 | -0.24 |
| FCF Conversion (FCF/Net Income) | 0.25x | 0.50x | 0.29x | 0.15x | 0.07x | 0.36x | 0.74x | 0.48x | 0.07x | 1.34x | 0.36x | 0.15x | 0.37x | 2.23x | 0.41x | -0.24x | -0.26x | 0.62x | 0.51x | 0.39x |
| Interest Paid | 30.48M | 31.38M | 26.5M | 31.63M | 29.5M | 29.19M | 29.36M | 28.77M | 29.64M | 33.31M | 17.66M | 20.36M | 14.06M | 17.45M | 14.98M | 9.1M | 1.25M | 2.65M | 1.97M | 983K |
| Taxes Paid | 758K | 455K | 347K | -1.94M | 488K | 1.17M | 288K | 950K | 127K | 354K | 321K | 316K | 266K | 237K | 210K | 203K | 239K | 189K | 211K | 83K |