Papa John's International Inc
NASDAQ:PZZA
Cash Flow Statement
Cash Flow Statement
Papa John's International Inc
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Apr-2018 | Jul-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
Net Income |
73
|
73
|
73
|
75
|
78
|
81
|
76
|
78
|
82
|
86
|
98
|
101
|
109
|
111
|
112
|
112
|
107
|
95
|
82
|
46
|
4
|
(16)
|
(19)
|
(6)
|
6
|
16
|
30
|
46
|
61
|
87
|
99
|
113
|
125
|
101
|
93
|
71
|
69
|
80
|
73
|
80
|
83
|
|
Depreciation & Amortization |
35
|
36
|
37
|
39
|
40
|
41
|
41
|
41
|
40
|
40
|
40
|
40
|
41
|
42
|
42
|
43
|
44
|
45
|
46
|
46
|
46
|
47
|
46
|
47
|
47
|
48
|
49
|
50
|
50
|
50
|
50
|
49
|
49
|
48
|
48
|
50
|
52
|
55
|
58
|
61
|
64
|
|
Change in Deffered Taxes |
11
|
14
|
9
|
11
|
15
|
14
|
15
|
9
|
(6)
|
(4)
|
(9)
|
(4)
|
12
|
6
|
8
|
8
|
1
|
(3)
|
(2)
|
(1)
|
2
|
2
|
1
|
(1)
|
(4)
|
(1)
|
(2)
|
(6)
|
(9)
|
(8)
|
(9)
|
(10)
|
4
|
(1)
|
2
|
9
|
3
|
7
|
10
|
6
|
(6)
|
|
Stock-Based Compensation |
7
|
8
|
7
|
8
|
9
|
9
|
10
|
10
|
9
|
9
|
9
|
10
|
10
|
11
|
11
|
11
|
10
|
10
|
10
|
9
|
10
|
11
|
13
|
15
|
15
|
16
|
17
|
16
|
16
|
16
|
16
|
16
|
17
|
17
|
18
|
19
|
18
|
18
|
18
|
17
|
0
|
|
Other Non-Cash Items |
7
|
5
|
5
|
7
|
5
|
6
|
5
|
3
|
15
|
20
|
24
|
25
|
4
|
3
|
3
|
4
|
16
|
18
|
23
|
25
|
23
|
28
|
25
|
24
|
23
|
17
|
18
|
15
|
14
|
12
|
10
|
13
|
17
|
42
|
43
|
48
|
52
|
29
|
27
|
23
|
23
|
|
Cash Taxes Paid |
29
|
0
|
0
|
0
|
27
|
0
|
0
|
0
|
23
|
0
|
0
|
0
|
35
|
0
|
0
|
0
|
37
|
0
|
0
|
0
|
14
|
0
|
0
|
0
|
(6)
|
0
|
0
|
0
|
19
|
0
|
0
|
0
|
33
|
0
|
0
|
0
|
12
|
0
|
0
|
0
|
13
|
|
Cash Interest Paid |
2
|
2
|
3
|
0
|
4
|
0
|
0
|
0
|
5
|
0
|
0
|
0
|
7
|
0
|
0
|
0
|
11
|
0
|
0
|
0
|
24
|
0
|
0
|
0
|
18
|
0
|
0
|
0
|
16
|
0
|
0
|
0
|
13
|
0
|
0
|
0
|
24
|
0
|
0
|
0
|
37
|
|
Change in Working Capital |
(25)
|
(30)
|
(15)
|
(21)
|
(15)
|
(5)
|
10
|
26
|
29
|
13
|
10
|
0
|
(21)
|
(4)
|
(23)
|
(29)
|
(31)
|
(31)
|
(18)
|
9
|
18
|
9
|
(2)
|
(27)
|
(10)
|
2
|
24
|
76
|
72
|
74
|
77
|
47
|
(10)
|
(43)
|
(84)
|
(111)
|
(58)
|
(37)
|
(1)
|
(1)
|
29
|
|
Cash from Operating Activities |
101
N/A
|
98
-3%
|
109
+11%
|
111
+2%
|
123
+10%
|
136
+11%
|
146
+7%
|
158
+8%
|
160
+2%
|
154
-4%
|
162
+5%
|
162
+0%
|
144
-11%
|
158
+9%
|
142
-10%
|
138
-3%
|
135
-2%
|
124
-8%
|
131
+5%
|
125
-4%
|
93
-26%
|
70
-25%
|
51
-26%
|
38
-27%
|
62
+65%
|
82
+32%
|
117
+44%
|
180
+54%
|
186
+3%
|
216
+16%
|
227
+5%
|
212
-7%
|
185
-13%
|
147
-20%
|
102
-30%
|
68
-34%
|
118
+74%
|
133
+13%
|
166
+25%
|
168
+1%
|
193
+15%
|
|
Investing Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
Capital Expenditures |
(51)
|
(49)
|
(52)
|
(50)
|
(49)
|
(45)
|
(39)
|
(38)
|
(39)
|
(42)
|
(47)
|
(52)
|
(56)
|
(61)
|
(62)
|
(60)
|
(53)
|
(47)
|
(44)
|
(40)
|
(42)
|
(41)
|
(38)
|
(39)
|
(38)
|
(35)
|
(34)
|
(35)
|
(36)
|
(37)
|
(43)
|
(53)
|
(69)
|
(72)
|
(78)
|
(76)
|
(78)
|
(87)
|
(83)
|
(81)
|
(77)
|
|
Other Items |
1
|
0
|
(3)
|
(5)
|
(6)
|
(6)
|
(1)
|
1
|
0
|
(11)
|
(8)
|
(8)
|
9
|
20
|
17
|
17
|
(4)
|
1
|
0
|
4
|
3
|
(1)
|
(3)
|
(2)
|
5
|
1
|
4
|
(3)
|
(5)
|
(1)
|
(0)
|
(1)
|
5
|
6
|
21
|
23
|
16
|
14
|
(4)
|
(9)
|
1
|
|
Cash from Investing Activities |
(49)
N/A
|
(48)
+2%
|
(54)
-12%
|
(55)
-1%
|
(55)
0%
|
(51)
+8%
|
(40)
+21%
|
(36)
+10%
|
(39)
-7%
|
(53)
-35%
|
(55)
-4%
|
(60)
-9%
|
(46)
+22%
|
(40)
+13%
|
(45)
-11%
|
(43)
+4%
|
(57)
-31%
|
(46)
+19%
|
(44)
+5%
|
(37)
+16%
|
(39)
-6%
|
(43)
-10%
|
(42)
+3%
|
(41)
+2%
|
(33)
+20%
|
(34)
-4%
|
(30)
+12%
|
(37)
-24%
|
(41)
-11%
|
(38)
+8%
|
(44)
-16%
|
(54)
-23%
|
(64)
-18%
|
(66)
-3%
|
(57)
+14%
|
(53)
+7%
|
(63)
-20%
|
(73)
-16%
|
(86)
-18%
|
(90)
-5%
|
(75)
+17%
|
|
Financing Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
Net Issuance of Common Stock |
(112)
|
(112)
|
(117)
|
(136)
|
(112)
|
(104)
|
(100)
|
(98)
|
(115)
|
(157)
|
(160)
|
(143)
|
(115)
|
(60)
|
(51)
|
273
|
197
|
67
|
79
|
(243)
|
(155)
|
237
|
244
|
253
|
269
|
17
|
38
|
45
|
28
|
28
|
(183)
|
(199)
|
(249)
|
(282)
|
(134)
|
(144)
|
(121)
|
(298)
|
(257)
|
(237)
|
(208)
|
|
Net Issuance of Debt |
70
|
68
|
77
|
105
|
73
|
54
|
24
|
14
|
26
|
87
|
83
|
73
|
45
|
(23)
|
(12)
|
(312)
|
(231)
|
(90)
|
(126)
|
177
|
144
|
(237)
|
(207)
|
(210)
|
(255)
|
(14)
|
(34)
|
(28)
|
(20)
|
(16)
|
75
|
75
|
140
|
187
|
120
|
132
|
115
|
276
|
247
|
234
|
150
|
|
Cash Paid for Dividends |
(11)
|
(16)
|
(21)
|
(22)
|
(22)
|
(22)
|
(22)
|
(24)
|
(25)
|
(26)
|
(27)
|
(27)
|
(28)
|
(29)
|
(30)
|
(30)
|
(31)
|
(31)
|
(31)
|
(30)
|
(29)
|
(31)
|
(34)
|
(35)
|
(39)
|
(40)
|
(40)
|
(43)
|
(43)
|
(43)
|
(43)
|
(45)
|
(47)
|
(49)
|
(51)
|
(53)
|
(55)
|
(57)
|
(58)
|
(59)
|
(58)
|
|
Other |
(2)
|
(0)
|
(2)
|
0
|
(0)
|
(4)
|
(5)
|
(7)
|
(6)
|
(11)
|
(10)
|
(11)
|
(4)
|
(0)
|
1
|
(5)
|
(7)
|
(6)
|
(6)
|
(3)
|
(7)
|
(14)
|
(12)
|
(11)
|
(10)
|
(3)
|
(5)
|
(5)
|
(8)
|
(13)
|
(13)
|
(24)
|
(25)
|
(28)
|
(24)
|
(19)
|
(16)
|
(14)
|
(19)
|
(14)
|
(8)
|
|
Cash from Financing Activities |
(55)
N/A
|
(60)
-10%
|
(63)
-5%
|
(53)
+16%
|
(61)
-15%
|
(76)
-25%
|
(103)
-35%
|
(113)
-10%
|
(120)
-6%
|
(107)
+11%
|
(114)
-6%
|
(108)
+5%
|
(103)
+4%
|
(112)
-8%
|
(90)
+19%
|
(74)
+18%
|
(72)
+3%
|
(61)
+16%
|
(84)
-39%
|
(99)
-18%
|
(48)
+52%
|
(44)
+9%
|
(10)
+78%
|
(3)
+71%
|
(35)
-1 136%
|
(41)
-17%
|
(42)
-4%
|
(31)
+26%
|
(44)
-39%
|
(44)
-1%
|
(164)
-271%
|
(193)
-18%
|
(181)
+7%
|
(171)
+5%
|
(88)
+48%
|
(83)
+6%
|
(76)
+8%
|
(93)
-22%
|
(87)
+6%
|
(76)
+13%
|
(124)
-63%
|
|
Change in Cash | ||||||||||||||||||||||||||||||||||||||||||
Effect of Foreign Exchange Rates |
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
(0)
|
(0)
|
0
|
1
|
1
|
1
|
(0)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
|
Net Change in Cash |
(3)
N/A
|
(10)
-281%
|
(8)
+18%
|
4
N/A
|
7
+81%
|
9
+38%
|
3
-71%
|
7
+185%
|
1
-88%
|
(6)
N/A
|
(7)
-18%
|
(5)
+28%
|
(5)
-4%
|
6
N/A
|
7
+27%
|
20
+191%
|
7
-67%
|
18
+168%
|
3
-85%
|
(11)
N/A
|
5
N/A
|
(17)
N/A
|
0
N/A
|
(6)
N/A
|
(5)
+10%
|
7
N/A
|
45
+543%
|
112
+148%
|
102
-8%
|
135
+32%
|
20
-85%
|
(34)
N/A
|
(60)
-73%
|
(90)
-52%
|
(44)
+51%
|
(69)
-57%
|
(23)
+66%
|
(34)
-47%
|
(8)
+76%
|
1
N/A
|
(7)
N/A
|
|
Free Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
Free Cash Flow |
51
N/A
|
50
-2%
|
57
+16%
|
61
+7%
|
74
+20%
|
91
+23%
|
107
+18%
|
120
+12%
|
121
+1%
|
112
-7%
|
115
+3%
|
111
-4%
|
89
-20%
|
97
+10%
|
80
-17%
|
78
-3%
|
82
+6%
|
78
-6%
|
87
+12%
|
85
-2%
|
51
-41%
|
28
-44%
|
13
-54%
|
(1)
N/A
|
24
N/A
|
47
+95%
|
84
+79%
|
146
+74%
|
151
+3%
|
179
+19%
|
183
+2%
|
159
-13%
|
116
-27%
|
75
-35%
|
25
-67%
|
(8)
N/A
|
39
N/A
|
47
+18%
|
83
+79%
|
87
+5%
|
116
+34%
|