The above graph represented the Grubhub total cash on hand by year, starting from fiscal 2011 to 2019. The cash on hand consists of actual cash, cash equivalents and short-term investments held by the company. As of December 31, 2019, Grubhub has $425.2 million cash on hand – the highest-ever till date. The company recorded an astonishing 88.7% YoY increase in its 2019 cash on hand.
Grubhub’s Cash Reserves Growth: History
|Source||Grubhub Annual Reports, SEC Filings|
|Note||Grubhub fiscal year starts from January 1st|
As the graph shows, Grubhub cash pile increased from just $3.38 million in 2011 to a whopping $41.16 million in 2012 – that’s showed a record 1,116.7% YoY or $37.78 million increase in cash pile.
Interestingly, by the end of December 2014, Grubhub cash reserves surpassed over $300 million. The US-based food delivery company reported a strong 261.8% YoY growth in cash reserves, totalling $313.1 million.
In 2017, Grubhub recorded a notable 20.4% YoY decline in its total cash pile, stood at $257.7 million. The cash pile further declined to $225.3 million in the following year.
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