Wendy's Cash Flow Statement
NASDAQ: WENConsumer DiscretionaryRestaurantsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Wendy's free cash flow
In fiscal 2025, Wendy's generated $344.5 million of operating cash flow and spent $101.9 million on capital expenditures. That left free cash flow of $242.6 million, a free-cash-flow margin of 11.1% of revenue. Free cash flow was down 7.0% from the prior year's $260.9 million.
Wendy's returned $330.4 million to shareholders: $129.6 million in dividends and $200.8 million in share repurchases, equal to 136% of free cash flow. Free cash flow covered dividend payments 1.9 times.
Summary generated from market data by MetaCap's automated system. Methodology
Wendy's cash flow statement (annual)
| Fiscal year (USD) | FY 20252025-12-28 | FY 20242024-12-29 | FY 20232023-12-31 | FY 20222023-01-01 | FY 20212022-01-02 | FY 20202021-01-03 | FY 20192019-12-29 | FY 20182018-12-30 | FY 20172017-12-31 | FY 20162017-01-01 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 165.07M | 194.36M | 204.44M | 177.37M | 200.39M | 117.83M | 136.94M | 460.12M | 194.03M | 129.62M |
| Net Income growth (YoY) | -15.07% | -4.93% | +15.26% | -11.49% | +70.07% | -13.95% | -70.24% | +137.14% | +49.69% | -19.56% |
| Depreciation & Amortization | 152.22M | 143.23M | 135.79M | 133.41M | 125.54M | 132.78M | 131.69M | 128.88M | 125.69M | 124.30M |
| Stock-Based Compensation | 14.57M | 23.02M | 23.75M | 24.54M | 22.02M | 18.93M | 18.68M | 17.92M | 20.93M | 18.14M |
| Change in Working Capital | -47.55M | -650.00K | -4.67M | -14.61M | 19.09M | -42.48M | 21.29M | 43.43M | -18.44M | -25.39M |
| Operating Cash Flow | 344.54M | 355.31M | 345.42M | 259.90M | 345.77M | 284.36M | 288.93M | 224.23M | 238.79M | 193.82M |
| Capital Expenditures | -101.93M | -94.39M | -85.02M | -85.54M | -77.98M | -68.97M | -74.45M | -69.86M | -81.71M | -150.02M |
| Investing Cash Flow | -150.83M | -129.31M | -86.55M | -77.78M | -154.67M | -68.25M | -54.93M | 362.91M | -92.25M | 107.08M |
| Dividends Paid | -129.59M | -204.44M | -209.25M | -106.78M | -94.85M | -64.87M | -96.36M | -80.53M | -68.32M | -63.83M |
| Share Repurchases | -200.77M | -77.38M | -189.55M | -51.95M | -268.53M | -62.17M | -217.80M | -269.81M | -126.23M | -336.96M |
| Debt Issued | 475.50M | 0 | 0 | 500.00M | 1.10B | 153.31M | 850.00M | 934.84M | 31.13M | 0 |
| Debt Repaid | -453.99M | -29.25M | -94.70M | -26.75M | -970.34M | -191.46M | -899.80M | -894.50M | -52.59M | -24.62M |
| Financing Cash Flow | -343.99M | -303.10M | -504.30M | 288.67M | -242.74M | -157.91M | -365.30M | -305.76M | -215.80M | -412.06M |
| Net Change in Cash | -145.94M | -85.21M | -242.99M | 464.83M | -51.27M | 59.53M | -127.81M | 273.69M | -63.13M | -109.03M |
| Free Cash Flow | 242.62M | 260.92M | 260.39M | 174.36M | 267.79M | 215.39M | 214.48M | 154.37M | 157.08M | 43.80M |
This table shows 10 annual periods of Wendy's's cash flow statement, from FY 2025 back to FY 2016, across 14 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow WEN's reporting calendar. What is a cash flow statement?