v3.24.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 29, 2024
Sep. 24, 2023
Operating activities    
Net income before attribution to noncontrolling interests $ 69,238 $ 56,356
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for allowance for credit losses on accounts and notes receivable 2,936 1,348
Depreciation and amortization 52,528 46,815
Refranchising and impairment losses 17,433 0
Deferred income taxes 3,877 3,481
Stock-based compensation expense 5,903 13,224
Gain on disposal of property and equipment (42,034) 0
Other 614 331
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable 879 (11,643)
Income tax receivable 232 7,617
Inventories (207) 3,875
Prepaid expenses and other current assets (1,684) (2,104)
Other assets and liabilities (5,923) 2,057
Accounts payable (12,389) 15,237
Income and other taxes payable (7,609) 1,087
Accrued expenses and other current liabilities (25,837) (6,579)
Deferred revenue (2,073) (4,166)
Net cash provided by operating activities 55,884 126,936
Investing activities    
Purchases of property and equipment (46,931) (50,905)
Notes issued (154) (7,310)
Repayments of notes issued 3,148 5,759
Acquisitions, net of cash acquired 0 (5,599)
Proceeds from dispositions 49,012 0
Other 2,373 401
Net cash provided by (used in) investing activities 7,448 (57,654)
Financing activities    
Net (repayments) proceeds of revolving credit facilities (31,589) 185,789
Proceeds from exercise of stock options 1,021 1,816
Acquisition of Company common stock 0 (210,348)
Dividends paid to common stockholders (45,381) (43,641)
Tax payments for equity award issuances (3,508) (6,279)
Distributions to noncontrolling interests (627) (651)
Principal payments on finance leases (6,778) (5,975)
Other 278 150
Net cash used in financing activities (86,584) (79,139)
Effect of exchange rate changes on cash and cash equivalents 215 (24)
Change in cash and cash equivalents (23,037) (9,881)
Cash and cash equivalents at beginning of period 40,587 47,373
Cash and cash equivalents at end of period $ 17,550 $ 37,492

Source

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