Papa John's International, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $30.5M | $83.5M | $82.1M | $67.8M | $120.0M | $57.9M | $4.9M | $2.5M |
| Depreciation & Amortization | $92.2M | $69.4M | $64.1M | $52.0M | $48.8M | $49.7M | $47.3M | $46.4M |
| Depreciation | $80.8M | $59.6M | $54.3M | $45.6M | $43.0M | $46.6M | $45.9M | $45.6M |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $15.0M | $9.6M | $17.9M | $18.4M | $16.9M | $16.3M | $15.3M | $9.9M |
| Net Cash from Operating Activities | $126.0M | $106.6M | $193.1M | $117.8M | $184.7M | $186.4M | $61.7M | $92.5M |
| Investing Activities | ||||||||
| Capital Expenditures | $64.7M | $72.5M | $76.6M | $78.4M | $68.6M | $35.7M | $37.7M | $42.0M |
| Business Acquisitions | $0 | $125.0K | $5.6M | $1.2M | $699.0K | $0 | — | — |
| Net Cash from Investing Activities | $-21.5M | $-17.3M | $-75.1M | $-62.8M | $-63.5M | $-41.1M | $-32.6M | $-38.8M |
| Financing Activities | ||||||||
| Dividends Paid | $61.1M | $60.6M | $58.5M | $54.8M | $40.4M | $43.1M | $40.9M | $29.0M |
| Stock Repurchases | $0 | $2.1M | $210.3M | $125.0M | $72.5M | $2.7M | — | $158.0M |
| Net Cash from Financing Activities | $-106.3M | $-91.7M | $-124.1M | $-76.2M | $-180.5M | $-43.5M | $-34.6M | $-48.1M |
| Net Change in Cash | $-1.0M | $-2.6M | $-6.8M | $-23.2M | $-59.6M | $102.3M | $-5.3M | $5.4M |
| Free Cash Flow | $61.3M | $34.1M | $116.4M | $39.4M | $116.1M | $150.8M | $24.0M | $50.4M |