The Chefs' Warehouse 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 26, 2025	Dec '24 Dec 27, 2024	Dec '23 Dec 29, 2023	Dec '22 Dec 30, 2022	Dec '21 Dec 24, 2021
Cash & Equivalents	120.98	114.66	49.88	158.8	115.16
Cash & Short-Term Investments	120.98	114.66	49.88	158.8	115.16
Cash Growth	5.52%	129.87%	-68.59%	37.90%	-40.42%
Accounts Receivable	392.37	366.31	334.02	260.17	172.54
Other Receivables	-	25.95	22.97	21.25	22.67
Receivables	392.37	392.26	356.98	281.42	195.21
Inventory	385.72	316.01	284.53	245.69	144.49
Prepaid Expenses	70.81	45.12	39.56	34.95	15.11
Total Current Assets	969.89	868.04	730.94	720.86	469.96
Property, Plant & Equipment	547.29	467.2	427.1	342.36	264.32
Goodwill	362.74	356.3	356.02	287.12	221.78
Other Intangible Assets	137.31	160.38	184.86	155.7	104.74
Long-Term Deferred Tax Assets	-	-	-	-	9.38
Long-Term Deferred Charges	-	0.41	0.6	0.45	0.46
Other Long-Term Assets	10.78	6.35	5.78	2.81	3.15
Total Assets	2,028	1,859	1,705	1,509	1,074
Accounts Payable	275.62	266.78	200.55	163.4	118.28
Accrued Expenses	144.81	115.05	94.81	78.76	51.4
Current Portion of Long-Term Debt	28.2	8	47.8	9.22	1.71
Current Portion of Leases	24.83	32.01	29.64	22.64	19.31
Current Unearned Revenue	-	1.94	2.46	2.21	2.29
Other Current Liabilities	-	1.63	10.53	7.52	4.01
Total Current Liabilities	473.46	425.4	385.78	283.75	197.02
Long-Term Debt	720.33	651.11	648.3	645.38	385.99
Long-Term Leases	201.54	224.71	200.54	159.53	135.47
Long-Term Deferred Tax Liabilities	22.42	15.89	14.42	6.1	-
Other Long-Term Liabilities	5.94	3.94	1.6	13.03	5.11
Total Liabilities	1,424	1,321	1,251	1,108	723.58
Common Stock	0.41	0.4	0.4	0.39	0.38
Additional Paid-In Capital	405.02	399.11	356.16	337.95	314.24
Retained Earnings	201.65	141.94	99.95	65.36	37.61
Comprehensive Income & Other	-2.76	-3.81	-1.83	-2.19	-2.02
Shareholders' Equity	604.31	537.65	454.67	401.51	350.21
Total Liabilities & Equity	2,028	1,859	1,705	1,509	1,074
Total Debt	974.9	915.83	926.27	836.77	542.48
Net Cash (Debt)	-853.92	-801.17	-876.39	-677.97	-427.32
Net Cash Per Share	-18.56	-17.42	-19.20	-17.50	-11.63
Filing Date Shares Outstanding	38.72	40.27	39.67	38.6	37.89
Total Common Shares Outstanding	38.72	40.25	39.67	38.6	37.89
Working Capital	496.43	442.65	345.17	437.12	272.94
Book Value Per Share	15.61	13.36	11.46	10.40	9.24
Tangible Book Value	104.26	20.97	-86.21	-41.31	23.69
Tangible Book Value Per Share	2.69	0.52	-2.17	-1.07	0.63
Land	-	5.54	5.54	5.54	5.02
Buildings	-	63.87	41.98	39.89	18.41
Machinery	-	141.2	106.74	85.87	76.79
Construction In Progress	-	5.54	34.76	36.58	24.36
Leasehold Improvements	-	170.15	135.77	94.25	69.11

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