Papa John's International, Inc. (PZZA) quarterly cash flow statement — complete operating, investing & financing history
| Metric | 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 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 7.22M | 19.81M | 39.35M | 35.51M | 31.34M | 50.75M | 13.93M | 29.97M | 11.99M | 66.12M | 33.2M | 52.95M | 40.79M | 41.26M | 30.97M | 20.19M | 25.39M | -8.95M | 65.59M | 64.81M |
| Operating CF Margin % | 1.51% | 3.98% | 7.74% | 6.71% | 6.05% | 9.56% | 2.75% | 5.9% | 2.33% | 11.57% | 6.35% | 10.29% | 7.74% | 7.84% | 6.07% | 3.86% | 4.68% | -1.69% | 12.79% | 12.58% |
| Operating CF Growth % | -76.95% | -60.97% | 182.54% | 18.48% | 161.42% | -23.25% | -58.05% | -43.4% | -70.61% | 60.27% | 7.21% | 162.23% | 60.62% | 561% | -52.79% | -68.85% | -59.83% | -150.02% | -18.91% | 20.19% |
| Net Income | 7.25M | 8.66M | 4.45M | 9.67M | 9.34M | 14.8M | 41.81M | 12.24M | 14.64M | 26.09M | 15.86M | 17.86M | 22.55M | 23.73M | 8.46M | 25.32M | 11.43M | 24.52M | 29.1M | 32.25M |
| Depreciation & Amortization | 17.73M | 30.17M | 24.91M | 18.82M | 18.34M | 16.88M | 17.26M | 17.59M | 17.67M | 17.27M | 16.4M | 15.69M | 14.72M | 14.02M | 13.34M | 12.73M | 11.94M | 11.99M | 11.48M | 12.48M |
| Stock-Based Compensation | 0 | 7.49M | 0 | 3.82M | 3.67M | 0 | 0 | 0 | 0 | 0 | 0 | 4.6M | 3.9M | 4.14M | 5.15M | 0 | 4.18M | 0 | 0 | 0 |
| Deferred Taxes | 684K | 5.01M | 131K | 443K | 1.16M | -6.91M | 1.06M | 2.28M | 532K | -9.47M | -183K | 1.63M | 2.03M | 2.28M | 3.51M | -1.18M | -1.82M | 8.87M | -3.72M | -3.98M |
| Other Non-Cash Items | 5.93M | -25.48M | 8.13M | 6.11M | 8.07M | 5.73M | -36.59M | 12.92M | 9.07M | 8.83M | 6.35M | -866K | 1.01M | 3.48M | 5.53M | 5.79M | 24.19M | 5.02M | 6.62M | 5.46M |
| Working Capital Changes | -24.37M | -6.03M | 1.73M | -3.36M | -9.25M | 20.25M | -9.62M | -15.07M | -29.92M | 23.39M | -5.23M | 14.03M | -3.42M | -6.4M | -5.02M | -22.48M | -24.52M | -59.34M | 22.11M | 18.6M |
| Change in Receivables | 4.9M | -619K | -5.23M | -6.42M | 803K | -1.23M | -8.66M | 27K | 9.74M | 2.19M | -15.01M | 5.98M | 5M | -7.85M | -16.92M | -154K | -3.65M | -10.72M | -6.86M | -427K |
| Change in Inventory | -1.93M | 1.56M | 436K | -99K | -1.88M | 1.06M | 1.54M | 233K | -1.98M | 1.57M | -234K | -221K | 4.33M | 689K | -4.37M | 916K | -4.73M | -1.49M | -3.65M | -2.29M |
| Change in Payables | 6.4M | -8.75M | -4.47M | 7.37M | 5.24M | 2.35M | -1.02M | 3.04M | -14.41M | 8.13M | 23.41M | -7.86M | -310K | -24.54M | 3.45M | 5.38M | 7.36M | -14.29M | 10.89M | -524K |
| Cash from Investing | -5.16M | 16.13M | -18.23M | -12.31M | -7.08M | -24.8M | 31.29M | -13.69M | -10.15M | -17.47M | -21.93M | -17.45M | -18.27M | -32.56M | -17.71M | -4.21M | -8.31M | -22.32M | -21.72M | -13.17M |
| Capital Expenditures | -13.52M | -13.94M | -20.45M | -18.07M | -12.23M | -25.55M | -17.78M | -16.1M | -13.06M | -25.71M | -16.15M | -16.35M | -18.41M | -29.97M | -17.68M | -20.51M | -10.23M | -27.23M | -19.79M | -14.47M |
| CapEx % of Revenue | 2.83% | 2.8% | 4.02% | 3.42% | 2.36% | 4.81% | 3.51% | 3.17% | 2.54% | 4.5% | 3.09% | 3.18% | 3.49% | 5.69% | 3.46% | 3.92% | 1.89% | 5.15% | 3.86% | 2.81% |
| Acquisitions | 3.53M | -831K | 831K | 0 | 0 | -121K | 47.52M | 1.5M | 0 | 3.44M | -5.6M | 0 | 0 | 127K | -96K | 0 | -1.25M | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 850K | 32.07M | 223K | 10.51M | 409K | -126K | 195K | 4K | 2.17M | 2.94M | 219K | -1.1M | 135K | -2.72M | 70K | 13.82M | 3.17M | 3.2M | 5K | 87K |
| Cash from Financing | 181K | -38.05M | -15.46M | -34.18M | -18.57M | -5.09M | -52.16M | -19.83M | -14.6M | -44.94M | -17.52M | -38.41M | -23.21M | 2.98M | -28.54M | -43.89M | -6.79M | -3.47M | -34.19M | -126.79M |
| Debt Issued (Net) | 16.83M | 17.73M | 333K | -18.83M | 770K | 12.57M | -36.59M | -4.64M | 2.87M | -26.79M | -740K | -21.67M | 206.46M | 48M | 12M | 8M | 47M | 65M | -9.18M | 75M |
| Equity Issued (Net) | -1.38M | 274K | -583K | 309K | 0 | -2.16M | -90K | -45K | -2.35M | 299K | 963K | -749K | -209.64M | -30M | -19.53M | -49.12M | -32.71M | -57.03M | -9.26M | -185.93M |
| Dividends Paid | -15.32M | -15.32M | -15.32M | -15.32M | -15.17M | -15.18M | -15.17M | -15.14M | -15.07M | -14.81M | -15.16M | -13.88M | -14.6M | -14.82M | -14.85M | -12.49M | -12.61M | -12.72M | -12.8M | -10.42M |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | -2.08M | 0 | 0 | 0 | 0 | 0 | -708K | -209.64M | -30M | -19.53M | -42.76M | -32.71M | -51.94M | -12.37M | -195.57M |
| Other Financing | 52K | -40.73M | 117K | -342K | -4.16M | -323K | -302K | 2K | -49K | -3.64M | -2.59M | -2.11M | -5.43M | -207K | -6.16M | 9.72M | -8.47M | 1.28M | -2.96M | -5.44M |
| Net Change in Cash | 2.09M | -2.02M | 5.67M | -10.71M | 6.06M | 20.41M | -6.75M | -3.46M | -12.82M | 3.1M | -6.28M | -2.94M | -665K | 10.76M | -15.51M | -28.55M | 10.06M | -35.2M | 9.6M | -75.06M |
| Free Cash Flow | -6.3M | 5.87M | 18.9M | 17.43M | 19.11M | 25.2M | -3.85M | 13.87M | -1.07M | 40.4M | 17.05M | 36.6M | 22.38M | 11.29M | 13.29M | -320K | 15.16M | -36.18M | 45.81M | 50.35M |
| FCF Margin % | -1.32% | 1.18% | 3.72% | 3.29% | 3.69% | 4.75% | -0.76% | 2.73% | -0.21% | 7.07% | 3.26% | 7.11% | 4.25% | 2.15% | 2.6% | -0.06% | 2.79% | -6.84% | 8.93% | 9.78% |
| FCF Growth % | -132.96% | -76.7% | 590.96% | 25.66% | 1883.85% | -37.64% | -122.57% | -62.09% | -104.79% | 257.94% | 28.35% | 11536.88% | 47.6% | 131.2% | -70.99% | -100.64% | -72.99% | -655.85% | -34.94% | 9.3% |
| FCF per Share | -0.19 | 0.18 | 0.57 | 0.53 | 0.58 | 0.76 | -0.12 | 0.42 | -0.03 | 1.23 | 0.52 | 1.12 | 0.65 | 0.32 | 0.37 | -0.01 | 0.42 | -0.99 | 1.25 | 1.45 |
| FCF Conversion (FCF/Net Income) | 0.47x | 2.80x | 8.36x | 3.73x | 3.40x | 3.43x | 0.33x | 2.45x | 0.82x | 2.53x | 2.09x | 2.98x | 1.82x | 1.75x | 3.72x | 0.79x | 2.42x | -0.36x | 2.24x | 2.01x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |