Cash and Cash Equivalents don't match in audited financials year to year?
Newbie question but anyways - I'm looking at Chipotle's financial statements and I've noticed that the line item for Cash and Cash Equivalents differs from Cash and Cash Equivalents at the end of period on the Statement of Cash Flows. What causes this?
Caveat being the numbers match for the right year. So in the 2017 financial statements, the two cash line items match, but then in the 2018 financial statements the numbers reported for 2017 are significantly different. Additionally, looking at the unaudited financial statements the cash line items also don't match but maybe that is more normal in an audited financial statement?
Chipotle includes restricted cash in the CFS figure but it is split out on the balance sheet. It ties.
Makes sense - thanks
Restricted cash might be your issue. Pro tip Ctrl F and read through the notes of the financial statements. FASB requires that restricted cash be reported as a separate line item or if embedded within cash and cash equivalents, to be disclosed in the notes
Ut quidem non necessitatibus veniam. Qui quo porro quis repudiandae et quam. Dolor qui sapiente in blanditiis aut doloremque dolor. Aut quam deleniti cupiditate saepe minus. Deleniti excepturi repellat dolor.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...