What information is provided in Chipotle’s basic financial statements?

Chipotle Mexican Grill, Inc. (NYSE: CGM) is a publicly held corporation with more than $5 billion in assets.

To follow are Chipotle’s four basic financial statements for its most recent year, the year ending December 31, 2019.  Please note that all statements have been adapted and condensed for educational use and should not be used for investment decisions.

Income Statement

See the Excel file for a readable version of this financial statement image.

Statement of Retained Earnings

See the Excel file for a readable version of this financial statement image.

Balance Sheet

See the Excel file for a readable version of this financial statement image.

Statement of Cash Flows

See the Excel file for a readable version of this financial statement image.

Chipotle’s complete, unabridged financial statements can be found on its investor relations website.

Note: The financial statements above can also be downloaded in Excel format for enhanced readability and accessibility.

Questions

1. What form of business organization is Chipotle’s? How do you know?

2. Identify the line item that flows from the income statement to the statement of retained earnings.

3. Identify the line item that flows from the statement of retained earnings to the balance sheet.

4. Identify the line item that flows from the balance sheet to the statement of cash flows.

5. Did Chipotle’s have net income or net loss for 2019? Over what time period was this amount earned?

6. Write the accounting equation for Chipotle’s as of December 31, 2019.

About Dr. Wendy Tietz, CPA, CMA, CSCA, CGMA

Dr. Wendy Tietz is a professor of accounting at Kent State University in Kent, Ohio, USA. She is also a textbook author with Pearson Education.

2 Responses to “What information is provided in Chipotle’s basic financial statements?”

  1. I’m having trouble with opening the link/site for Accounting in the Headlines. I’d really like to see the Chipotle financial statements that have been adapted for educational use! Is there a different link?

    On Mon, Jan 4, 2021 at 7:47 AM Accounting in the Headlines wrote:

    > Dr. Wendy Tietz, CPA, CMA, CSCA, CGMA posted: ” Chipotle Mexican Grill, > Inc. (NYSE: CGM) is a publicly held corporation with more than $5 billion > in assets. To follow are Chipotle’s four basic financial statements for its > most recent year, the year ending December 31, 2019. Please note that a” >

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