The Cheesecake Factory Incorporated (CAKE) financial statements (2023 and earlier)

Company profile

Business Address 26901 MALIBU HILLS RD
CALABASAS HILLS, CA 91301
State of Incorp. DE
Fiscal Year End December 31
SIC 5812 - Eating Places (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1901545827654
Cash and cash equivalents1901545827654
Receivables363730213516
Inventory, net of allowances, customer advances and progress billings433947394335
Inventory433947394335
Prepaid expense363544415852
Other undisclosed current assets1017665686865
Total current assets:406341245195209221
Noncurrent Assets
Operating lease, right-of-use asset1,2411,2511,241
Property, plant and equipment742774832913935910
Long-term investments and receivables   80  
Long-term investments   80  
Intangible assets, net (including goodwill), including:252253437262423
Goodwill1178   
Intangible assets, net (excluding goodwill)252253 262423
Other undisclosed intangible assets, net (including goodwill)(1)(1)359   
Prepaid expense   353942
Other noncurrent assets158127866512697
Total noncurrent assets:2,3932,4062,5961,1191,1241,072
TOTAL ASSETS:2,7982,7472,8411,3141,3331,293
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities293269299244234223
Accounts payable545862495142
Accrued liabilities239210237194183179
Taxes payable   1 2
Deferred revenue211185188
Debt 133128   
Self insurance reserve15  109 
Other undisclosed current liabilities117  162155154
Total current liabilities:636586615417398377
Noncurrent Liabilities
Long-term debt and lease obligation1,6841,5041,4801010 
Long-term debt, excluding current maturities4662802901010 
Operating lease, liability1,2181,2241,190
Liabilities, other than long-term debt147150174203203213
Deferred revenue and credits7572
Deferred rent credit   80
Deferred tax liabilities, net525782
Deferred income tax liabilities  34
Other liabilities147150141727159
Other undisclosed noncurrent liabilities   113  
Total noncurrent liabilities:1,8321,6541,654327213213
Total liabilities:2,4682,2402,269743611590
Temporary equity, carrying amount 218    
Stockholders' equity
Stockholders' equity attributable to parent330289572571614603
Common stock111111
Treasury stock, value(1,703)(1,697)(1,693)(1,642)(1,533)(1,410)
Additional paid in capital863878856829800774
Accumulated other comprehensive loss(0)(4)(0)(1)(0) 
Retained earnings1,1691,1101,4081,3841,3461,238
Total stockholders' equity:330289572571614603
Other undisclosed liabilities and equity    109101
TOTAL LIABILITIES AND EQUITY:2,7982,7472,8411,3141,3331,293

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues2,9281,9832,4832,3322,2612,276
Revenue, net2,2612,276
Cost of revenue(1,834)(1,424)(1,558)(1,474)(1,394)(1,367)
Cost of goods and services sold(653)(458)(562)(533)(519)(527)
Gross profit:1,093559925858867908
Operating expenses(1,011)(907)(821)(739)(714)(707)
Operating income (loss):82(347)104119153201
Other undisclosed loss from continuing operations before equity method investments, income taxes   (12)(6)(9)
Income (loss) from continuing operations before equity method investments, income taxes:82(347)104107146192
Income from equity method investments  39   
Other undisclosed loss from continuing operations before income taxes(11)(9)(2)   
Income (loss) from continuing operations before income taxes:72(356)140107146192
Income tax expense (benefit)1103(13)(8)11(52)
Net income (loss) attributable to parent:72(253)12799157139
Preferred stock dividends and other adjustments(19)(13)    
Undistributed earnings (loss) allocated to participating securities, basic5    
Other undisclosed net loss available to common stockholders, basic(9)(10)    
Net income (loss) available to common stockholders, basic:49(277)12799157139
Other undisclosed net income available to common stockholders, diluted0     
Net income (loss) available to common stockholders, diluted:49(277)12799157139

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss):72(253)12799157139
Comprehensive income (loss):72(253)12799157139
Other undisclosed comprehensive income (loss), net of tax, attributable to parent3(3)1(1)(0) 
Comprehensive income (loss), net of tax, attributable to parent:76(257)12898157139

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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