Texas Roadhouse, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $414.3M | $444.3M | $313.7M | $269.8M | $245.3M | $31.3M | $174.5M | $158.2M |
| Depreciation & Amortization | $206.6M | $178.2M | $153.2M | $137.2M | $126.8M | $117.9M | $115.5M | $101.2M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | $6.5M | $2.2M | $3.0M | $2.8M | $751.0K | $563.0K | $725.0K | $741.0K |
| Stock-Based Compensation | $47.8M | $47.1M | $34.2M | $36.7M | $38.1M | $29.4M | $35.5M | $34.0M |
| Net Cash from Operating Activities | $730.1M | $753.6M | $565.0M | $511.7M | $468.8M | $230.4M | $374.3M | $352.9M |
| Investing Activities | ||||||||
| Capital Expenditures | $388.0M | $354.3M | $347.0M | $246.1M | $200.7M | $154.4M | $214.3M | $156.0M |
| Business Acquisitions | $107.5M | $0 | $39.2M | $33.1M | $0 | $10.6M | $1.5M | $2.2M |
| Net Cash from Investing Activities | $-482.8M | $-336.9M | $-367.2M | $-263.7M | $-195.1M | $-161.1M | $-214.8M | $-158.1M |
| Financing Activities | ||||||||
| Dividends Paid | $180.3M | $162.9M | $147.2M | $124.1M | $83.7M | $25.0M | $102.4M | $68.6M |
| Stock Repurchases | $150.4M | $80.0M | $50.0M | $212.9M | $51.6M | $12.6M | $139.8M | — |
| Net Cash from Financing Activities | $-357.8M | $-275.7M | $-267.4M | $-409.8M | $-301.2M | $185.9M | $-261.7M | $-135.5M |
| Net Change in Cash | $-110.5M | $141.0M | $-69.6M | $-161.8M | $-27.5M | $255.3M | $-102.2M | $59.2M |
| Free Cash Flow | $342.1M | $399.3M | $218.0M | $265.6M | $268.1M | $76.0M | $160.0M | $196.9M |