FAT · As filed with the SEC
Fat Brands cash flow statement, by quarter
The statement as Fat Brands presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS · USD thousands
| USD thousands | Q3 2025† 3 months ended Sep 28, 2025 | Q2 2025† 3 months ended Jun 29, 2025 | Q1 2025 3 months ended Mar 30, 2025 | Q4 2024† 3 months ended Dec 29, 2024 | Q3 2024† 3 months ended Sep 29, 2024 | Q2 2024† 3 months ended Jun 30, 2024 | Q1 2024 3 months ended Mar 31, 2024 | Q4 2023† 3 months ended Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||
| Net loss | — | — | — | (67,417)† | (44,755)† | (39,359)† | (38,316) | (26,237)† |
| Net loss | (59,455)† | (55,369)† | (46,311) | — | (44,755)† | (39,359)† | — | — |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||||||||
| Deferred income taxes | 556† | (296)† | 1,108 | (8,783)† | (356)† | 1,324† | 2,783 | (8,192)† |
| Depreciation and amortization | 7,909† | 8,382† | 10,391 | 10,352† | 10,736† | 10,246† | 10,194 | 9,914† |
| Share-based compensation | 3,541† | 12,765† | 367 | 369† | 539† | 677† | 745 | 947† |
| Operating lease assets and liabilities | (225)† | (608)† | 770 | — | 469† | 2,882† | — | — |
| Accretion of loan fees and interest | 7,215† | 3,661† | 3,551 | 5,611† | 5,295† | 7,362† | 4,379 | 1,282† |
| Adjustments to purchase price liability | — | — | — | — | — | — | — | 0† |
| Net gain on extinguishment of debt | (357)† | 0† | 151 | 2,225† | 0† | 0† | (427) | (326)† |
| Provision for bad debts | 1,785† | 971† | 230 | 242† | 2,348† | (1,729)† | 168 | (8,390)† |
| Loss on disposal of fixed assets | 40† | 24† | 53 | 160† | 100† | 158† | — | 0† |
| Change in: | ||||||||
| Accounts receivable | 340† | (6)† | 2,116 | (1,408)† | 1,251† | (395)† | 1,248 | (920)† |
| Inventory | 280† | 833† | (142) | 48† | 398† | 317† | 123 | (2,471)† |
| Other current and noncurrent assets | 59† | 2,846† | (4,287) | 2,670† | (486)† | (564)† | (3,167) | (5,271)† |
| Operating lease assets and liabilities | — | — | — | — | 469† | 2,882† | 230 | — |
| Deferred income | (1,079)† | (773)† | (278) | (369)† | (1,687)† | 773† | (543) | 1,413† |
| Accounts payable | 5,199† | (2,842)† | 6,606 | 8,670† | 12,097† | (5,820)† | 1,969 | 3,392† |
| Accrued expenses and other liabilities | 3,269† | (2,692)† | 5,194 | 1,378† | 7,094† | 9,098† | (8,399) | 5,732† |
| Accrued advertising | 2,693† | 1,014† | 163 | (1,896)† | 630† | (201)† | (1,218) | (4,029)† |
| Accrued interest payable | 4,112† | 3,334† | 6,716 | 2,022† | 2,250† | 2,528† | 1,985 | 5,776† |
| Other current and noncurrent liabilities | 1,285† | 1,849† | 385 | (147)† | 855† | (1,511)† | (155) | 14,682† |
| Total adjustments | 44,907† | 28,462† | 33,094 | 57,007† | 41,533† | 25,145† | 9,915 | 13,665† |
| Net cash used in operating activities | (14,548)† | (26,907)† | (13,217) | (10,410)† | (3,222)† | (14,214)† | (28,401) | (12,572)† |
| Cash flows from investing activities: | ||||||||
| Acquisitions, net of cash acquired | — | — | — | — | — | — | — | (37,457)† |
| Purchases of property and equipment | (2,328)† | (2,403)† | (4,546) | (591)† | (7,872)† | (10,212)† | (4,126) | (5,469)† |
| Proceeds from sale of property and equipment | 0† | 0† | 4,432 | — | 0† | 0† | — | — |
| Payments received on notes receivable | 31† | 0† | 90 | 87† | 85† | 82† | 80 | 77† |
| Payment of acquisition purchase price payable | 0† | 0† | 0 | 0† | 0† | 0† | (4,000) | — |
| Net cash used in investing activities | (2,297)† | (2,403)† | (24) | (504)† | (7,787)† | (10,130)† | (8,046) | (45,456)† |
| Cash flows from financing activities: | ||||||||
| Proceeds from borrowings, net of issuance costs | 16,863† | 29,295† | 26,813 | 419,985† | 17,209† | 13,658† | 80,012 | (11,051)† |
| Repayments of borrowings | (21,280)† | (15,677)† | (23,780) | (405,912)† | (9,275)† | (8,842)† | (36,304) | 23,997† |
| Change in operating lease liabilities | — | — | — | — | — | — | — | 0† |
| Proceeds from issuance of common and preferred shares | 0† | 961† | 4,391 | 1,935† | 1,027† | 1,110† | 924 | 2,340† |
| Dividends paid on redeemable preferred stock | — | — | — | — | — | — | — | 0† |
| Dividends paid on common shares | 0† | 0† | 0 | (2,406)† | (2,386)† | (2,382)† | (2,375) | (2,360)† |
| Dividends paid on preferred shares | 0† | (690)† | (2,231) | (2,043)† | (1,935)† | (1,920)† | (1,881) | (1,832)† |
| Net cash provided by financing activities | (4,417)† | 13,889† | 5,193 | 11,559† | 4,640† | 1,625† | 40,376 | 11,094† |
| Net decrease in cash and restricted cash | (21,262)† | (15,421)† | (8,048) | 645† | (6,369)† | (22,719)† | 3,929 | (46,934)† |
| Cash and restricted cash at beginning of the period | 43,920 | 59,341 | 67,389 | 66,744 | 73,113 | 95,832 | 91,903 | 138,837 |
| Cash and restricted cash at end of the period | 22,658 | 43,920 | 59,341 | 67,389 | 66,744 | 73,113 | 95,832 | 91,903 |
| Supplemental disclosures of cash flow information: | ||||||||
| Cash paid for interest | 30,479† | 31,382† | 26,501 | 31,627† | 29,501† | 29,187† | 29,359 | 28,772† |
| Cash paid for income taxes | 758† | 455† | 347 | (59)† | 488† | 1,168† | 288 | 950† |
| Supplemental schedule of non-cash financing activity: | ||||||||
| Dividend of Twin Hospitality Group Inc. Class A common stock | 0† | 0† | 5,218 | — | 0† | 0† | — | — |
† Derived: worked out from the filings, not stated in them. A fourth quarter is the 10-K year less the nine months in the third-quarter 10-Q; a quarter of cash flows is year to date less the prior year to date.
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.