Cheesecake Factory Files Q3 2024 10-Q
Ticker: CAKE · Form: 10-Q · Filed: 2024-11-04T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, financials, quarterly-report, stock-options
Related Tickers: CAKE
TL;DR
CAKE Q3 10-Q filed. Financials and stock info updated.
AI Summary
The Cheesecake Factory Inc. filed its 10-Q for the period ending October 1, 2024. The filing details financial performance and operational updates for the third quarter. Key financial data and disclosures related to treasury stock and employee stock options are included.
Why It Matters
This filing provides investors with the latest financial performance data for The Cheesecake Factory, crucial for understanding the company's health and future prospects.
Risk Assessment
Risk Level: low — This is a routine quarterly financial filing with no immediate red flags.
Key Numbers
- N/A — Revenue (Specific revenue figures are not detailed in the provided snippet.)
- N/A — Net Income (Specific net income figures are not detailed in the provided snippet.)
- N/A — Earnings Per Share (Specific EPS figures are not detailed in the provided snippet.)
Key Players & Entities
- CHEESECAKE FACTORY INC (company) — Filer
- 0000887596 (company) — Central Index Key
- 20241001 (date) — Reporting Period End Date
- 20241104 (date) — Filing Date
FAQ
What is the reporting period for this 10-Q filing?
The conforming period of report is 20241001, indicating the period ending October 1, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed as of date 20241104.
What is the company's Central Index Key (CIK)?
The Central Index Key for The Cheesecake Factory Inc. is 0000887596.
What is the Standard Industrial Classification (SIC) code for The Cheesecake Factory Inc.?
The SIC code is RETAIL-EATING PLACES [5812].
Does the filing mention treasury stock or employee stock options?
Yes, the filing includes references to us-gaap:TreasuryStockCommonMember and us-gaap:EmployeeStockOptionMember for various date ranges within 2023 and 2024.
Filing Stats: 4,530 words · 18 min read · ~15 pages · Grade level 16.6 · Accepted 2024-11-04 17:02:04
Filing Documents
- cake-20241001x10q.htm (10-Q) — 1705KB
- cake-20241001xex31d1.htm (EX-31.1) — 9KB
- cake-20241001xex31d2.htm (EX-31.2) — 9KB
- cake-20241001xex32d1.htm (EX-32.1) — 6KB
- cake-20241001xex32d2.htm (EX-32.2) — 6KB
- 0001410578-24-001742.txt ( ) — 7070KB
- cake-20241001.xsd (EX-101.SCH) — 41KB
- cake-20241001_cal.xml (EX-101.CAL) — 46KB
- cake-20241001_def.xml (EX-101.DEF) — 138KB
- cake-20241001_lab.xml (EX-101.LAB) — 387KB
- cake-20241001_pre.xml (EX-101.PRE) — 262KB
- cake-20241001x10q_htm.xml (XML) — 1402KB
Financial Statements
Financial Statements : Condensed Consolidated Balance Sheets (Unaudited) 1 Condensed Consolidated Statements of Income (Unaudited) 2 Condensed Consolidated Statements of Comprehensive Income (Unaudited) 3 Condensed Consolidated Statements of Stockholders' Equity (Unaudited) 4 Condensed Consolidated Statements of Cash Flows (Unaudited) 5 Notes to Condensed Consolidated Financial Statements (Unaudited) 6 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 16 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 27 Item 4.
Controls and Procedures
Controls and Procedures 27 PART II OTHER INFORMATION 28 Item 1.
Legal Proceedings
Legal Proceedings 28 Item 1A.
Risk Factors
Risk Factors 28 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 29 Item 5. Other Information 29 Item 6. Exhibits 30
Signatures
Signatures 31 Table of Contents
— FINANCIAL INFORMATION
PART I — FINANCIAL INFORMATION
Financial Statements
Item 1. Financial Statements. THE CHEESECAKE FACTORY INCORPORATED CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands, except share and per share data) October 1, January 2, 2024 2024 (Unaudited) ASSETS Current assets: Cash and cash equivalents $ 52,215 $ 56,290 Accounts and other receivables 74,344 103,094 Income taxes receivable 28,980 20,670 Inventories 69,805 57,654 Prepaid expenses 61,194 63,090 Total current assets 286,538 300,798 Property and equipment, net 829,393 791,093 Other assets: Intangible assets, net 252,015 251,727 Operating lease assets 1,361,826 1,302,150 Other 206,016 194,615 Total other assets 1,819,857 1,748,492 Total assets $ 2,935,788 $ 2,840,383 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 62,663 $ 63,152 Gift card liabilities 184,258 222,915 Operating lease liabilities 139,974 134,905 Other accrued expenses 264,998 239,699 Total current liabilities 651,893 660,671 Long-term debt 471,558 470,047 Operating lease liabilities 1,276,951 1,254,955 Other noncurrent liabilities 139,007 136,648 Total liabilities 2,539,409 2,522,321 Commitments and contingencies (Note 7) Stockholders' equity: Preferred stock, $ .01 par value, 5,000,000 shares authorized; none issued — — Common stock, $ .01 par value, 250,000,000 shares authorized; 107,983,084 shares issued and 50,939,646 shares outstanding at October 1, 2024 and 107,195,287 shares issued and 50,652,129 shares outstanding at January 2, 2024 1,080 1,072 Additional paid-in capital 935,093 913,442 Retained earnings 1,290,562 1,216,239 Treasury stock inclusive of excise tax, 57,043,438 and 56,543,158 shares at cost at October 1, 2024 and January 2, 2024, respectively ( 1,829,462 ) ( 1,811,997 ) Accumulated other comprehensive loss ( 894 ) ( 694 ) Total stockholders' equity 396,379 318,062 Total liabilities a