Shake Shack Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 25, 2024	Dec '23 Dec 27, 2023	Dec '22 Dec 28, 2022	Dec '21 Dec 29, 2021
Cash & Equivalents	360.12	320.71	224.65	230.52	302.41
Short-Term Investments	-	-	68.56	80.71	80
Cash & Short-Term Investments	360.12	320.71	293.21	311.23	382.41
Cash Growth	12.29%	9.38%	-5.79%	-18.61%	108.10%
Accounts Receivable	19.84	15.82	14.01	12.22	10.65
Other Receivables	31.05	16.63	14.97	1.66	3.01
Receivables	50.89	32.45	28.98	13.88	13.66
Inventory	7.18	6.01	5.4	4.18	3.85
Prepaid Expenses	11.16	8.2	5.64	14.7	9.76
Other Current Assets	0.99	0.84	1.19	-	-
Total Current Assets	430.35	368.22	334.43	343.99	409.68
Property, Plant & Equipment	1,133	976.21	929.29	834.52	736.66
Other Intangible Assets	2.04	2.04	1.9	1.84	1.46
Long-Term Deferred Tax Assets	322.39	341.59	326.21	317.63	298.67
Long-Term Deferred Charges	2.4	4.07	5.61	6.27	6.43
Other Long-Term Assets	5.94	4.85	8.41	7.71	4.67
Total Assets	1,896	1,697	1,606	1,512	1,458
Accounts Payable	24.75	23.61	22.27	20.41	19.95
Accrued Expenses	138.92	95.43	81.76	70.88	56.11
Current Portion of Leases	69.51	59.83	52.44	44.78	38.23
Current Unearned Revenue	3.71	2.58	2.6	2.29	3.3
Other Current Liabilities	8.03	5.87	4.99	9.36	3.92
Total Current Liabilities	244.92	187.31	164.07	147.72	121.5
Long-Term Debt	247.73	246.68	245.64	244.59	243.54
Long-Term Leases	584.88	503.12	473.25	431.14	404.42
Long-Term Unearned Revenue	19.15	17.06	17.16	14.34	12.67
Other Long-Term Liabilities	245.77	249.17	236.37	237.33	239.85
Total Liabilities	1,342	1,203	1,136	1,075	1,022
Common Stock	0.04	0.04	0.04	0.04	0.04
Additional Paid-In Capital	452.58	442.99	426.6	415.65	405.94
Retained Earnings	72.71	26.98	16.78	-3.49	3.55
Comprehensive Income & Other	-0	-0	-0	-	0
Total Common Equity	525.33	470.02	443.42	412.2	409.54
Minority Interest	28.42	23.61	25.95	24.63	26.06
Shareholders' Equity	553.75	493.63	469.37	436.84	435.6
Total Liabilities & Equity	1,896	1,697	1,606	1,512	1,458
Total Debt	902.13	809.62	771.33	720.51	686.19
Net Cash (Debt)	-542	-488.91	-478.12	-409.28	-303.78
Net Cash Per Share	-12.95	-11.06	-10.89	-10.43	-7.77
Filing Date Shares Outstanding	40.26	40.08	39.48	39.32	39.14
Total Common Shares Outstanding	40.25	40.07	39.47	39.28	39.14
Working Capital	185.43	180.9	170.37	196.27	288.18
Book Value Per Share	13.05	11.73	11.23	10.49	10.46
Tangible Book Value	523.29	467.98	441.51	410.37	408.08
Tangible Book Value Per Share	13.00	11.68	11.18	10.45	10.43
Machinery	313.07	273.02	232.07	175.92	137.24
Construction In Progress	81.38	40.03	56.53	71.1	47.28
Leasehold Improvements	757.04	676.1	594.02	494.21	413.89

Source: S&P Global Market Intelligence. Standard template. Financial Sources.