CHIPOTLE MEXICAN GRILL INC
For the period ended Sep 30, 2026. Filed Oct 29, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Oct 29, 2026
CMG$35.92+0.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
(in thousands)
| Nine months endedSeptember 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Operating activities | ||
| Net income | $1,046,245 | $1,204,829 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 297,656 | 268,680 |
| Deferred income tax provision | 43,477 | 94,285 |
| Impairment, closure costs, and asset disposals | 35,564 | 18,271 |
| Provision for credit losses | (351) | (1,626) |
| Stock-based compensation expense | 86,369 | 93,966 |
| Other | 3,268 | 7,571 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 55,521 | 49,982 |
| Inventory | 443 | 2,408 |
| Prepaid expenses and other current assets | (8,948) | (9,456) |
| Operating lease assets | 254,125 | 235,619 |
| Other assets | 1,820 | (4,487) |
| Accounts payable | 47,386 | 29,304 |
| Accrued payroll and benefits | (207) | (68,890) |
| Accrued liabilities | 58,595 | 10,342 |
| Unearned revenue | (5,141) | (23,514) |
| Income tax payable/receivable | 203,679 | (42,428) |
| Operating lease liabilities | (199,213) | (179,482) |
| Other long-term liabilities | 1,850 | 2,708 |
| Net cash provided by operating activities | 1,922,138 | 1,688,082 |
| Investing activities | ||
| Purchases of leasehold improvements, property and equipment | (640,597) | (468,881) |
| Purchases of investments | (7,562) | (15,719) |
| Maturities of investments | 526,910 | 477,264 |
| Net cash used in investing activities | (121,249) | (7,336) |
| Financing activities | ||
| Repurchase of common stock | (1,464,934) | (1,683,720) |
| Tax withholding on stock-based compensation awards | (56,662) | (48,558) |
| Other financing activities | 4,146 | 2,976 |
| Net cash used in financing activities | (1,517,450) | (1,729,302) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | 661 | (187) |
| Net change in cash, cash equivalents, and restricted cash | 284,100 | (48,743) |
| Cash, cash equivalents, and restricted cash at beginning of period | 385,909 | 778,379 |
| Cash, cash equivalents, and restricted cash at end of period | $670,009 | $729,636 |
| Supplemental disclosures of cash flow information | ||
| Income taxes paid(1) | $102,635 | $319,004 |
| Purchases of leasehold improvements, property and equipment accrued in accounts payable and accrued liabilities | $138,947 | $101,478 |
| Repurchase of common stock accrued in accounts payable and accrued liabilities | $13,462 | $15,685 |
| (1) Included in the income taxes paid amount for the nine months ended September 30, 2026, is $93,000 related to the purchase of federal transferable energy credits for the 2026 tax year. | ||
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