Financial Statements

Chipotle Mexican Grill Inc.

Chipotle Mexican Grill Inc. (CMG)

Consumer Cyclical

Intangible and Goodwill Schedule

Year 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Intangible and Goodwill (Previous Year) -222222222222222222
New Purchases 50-77-59-158-228-266-207586130-100
Intangible and Goodwill 22222222222222222222

Chipotle Mexican Grill Inc. income statement is the only one that provides an overview of company sales and net income
The reasoning behind the adjustment, however, is that free cash flow is meant to measure money being spent right now, not transactions that happened in the past. This makes Chipotle Mexican Grill Inc. FCF a useful instrument for identifying growing companies with high up-front costs, which may eat into earnings now but have the potential to pay off later.