Table of Contents
Introduction???????????????????????.3
Section 1??..??????????????????????.3
Section 2- Ratio Analysis??...??????????????8
Table 1- Ratio Analysis for 3 restaurants?...???????????..8
Section 3- Vertical Analysis?????????????????9
Table 2- Vertical/Common Size Analysis?...????????????9
Section 4- Major Elements of Cash Flow???????????.10
Table 3- Cash Flow Comparison for 3 restaurants?...???????..10
Figure 1- Comparison of Net Income ?...?????????????11
Figure 2- Comparison of Net Cash Flow from Operating Activities?.?.11
Figure 3- Comparison of Net Cash Flow from Investing Activities???12
Figure 4- Comparison of Net Cash Flow from Financing Activities??...12
Figure 5- Comparison of Net Change in Cash???????????..13
Figure 3- Comparison of Free Cash Flow?????????????.13
Section 5- Horizontal Analysis???????????????..14
Table 4- Horizontal Analysis for 3 restaurants?...?????????14
Appendix of Financial Statements????????????..15
The Cheesecake Factory(CF), which first went public in September 1992, is a strong player in the full-service restaurant industry. It is one of the fastest growing restaurant chains with over 85 restaurants nationwide. Cheesecake Factory currently has 51.824 million common shares of stock outstanding with a market value that fluctuates around $40-$45 per share. Since turning public, the restaurant has thrived because it has successfully been able to increase sales and net income annually, produce healthy profit margins, and provide a sound return on equity for its shareholders. The Cheesecake Factory is unique in that it has maintained a Debt to Capital Ratio of 0% since turning public. The restaurant chain does ...