Shake Shack Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 24, 2025	Dec '24 Dec 25, 2024	Dec '23 Dec 27, 2023	Dec '22 Dec 28, 2022	Dec '21 Dec 29, 2021	Dec '20 Dec 30, 2020
Cash & Equivalents	357.76	320.71	224.65	230.52	302.41	146.87
Short-Term Investments	-	-	68.56	80.71	80	36.89
Cash & Short-Term Investments	357.76	320.71	293.21	311.23	382.41	183.76
Cash Growth	15.08%	9.38%	-5.79%	-18.61%	108.10%	149.65%
Accounts Receivable	20.61	15.82	14.01	12.22	10.65	7.87
Other Receivables	16.92	16.63	14.97	1.66	3.01	1.6
Receivables	37.54	32.45	28.98	13.88	13.66	9.46
Inventory	6.31	6.01	5.4	4.18	3.85	2.89
Prepaid Expenses	12.34	8.2	5.64	14.7	9.76	7.07
Other Current Assets	0.83	0.84	1.19	-	-	-
Total Current Assets	414.78	368.22	334.43	343.99	409.68	203.19
Property, Plant & Equipment	1,066	976.21	929.29	834.52	736.66	642.86
Other Intangible Assets	-	2.04	1.9	1.84	1.46	1.44
Long-Term Deferred Tax Assets	334.98	341.59	326.21	317.63	298.67	287.01
Long-Term Deferred Charges	0.02	4.07	5.61	6.27	6.43	6.5
Other Long-Term Assets	11.23	4.84	8.41	7.71	4.67	4.36
Total Assets	1,827	1,697	1,606	1,512	1,458	1,145
Accounts Payable	23.56	23.61	22.27	20.41	19.95	23.49
Accrued Expenses	126.96	95.43	81.76	70.88	56.11	40.65
Current Portion of Leases	66.27	59.83	52.44	44.78	38.23	37.66
Current Unearned Revenue	2.12	2.58	2.6	2.29	3.3	2.64
Other Current Liabilities	6.43	5.87	4.99	9.36	3.92	5.28
Total Current Liabilities	225.35	187.31	164.07	147.72	121.5	109.71
Long-Term Debt	247.47	246.68	245.64	244.59	243.54	-
Long-Term Leases	550.3	503.12	473.25	431.14	404.42	347.32
Long-Term Unearned Revenue	-	17.06	17.16	14.34	12.67	12.15
Other Long-Term Liabilities	268.83	249.17	236.37	237.33	239.85	241.68
Total Liabilities	1,292	1,203	1,136	1,075	1,022	710.86
Common Stock	0.04	0.04	0.04	0.04	0.04	0.04
Additional Paid-In Capital	448.1	442.99	426.6	415.65	405.94	395.07
Retained Earnings	60.88	26.98	16.78	-3.49	3.55	12.21
Comprehensive Income & Other	-0	-0	-0	-	0	0
Total Common Equity	509.02	470.02	443.42	412.2	409.54	407.32
Minority Interest	26.22	23.61	25.95	24.63	26.06	27.17
Shareholders' Equity	535.24	493.63	469.37	436.84	435.6	434.49
Total Liabilities & Equity	1,827	1,697	1,606	1,512	1,458	1,145
Total Debt	864.04	809.62	771.33	720.51	686.19	384.98
Net Cash (Debt)	-506.29	-488.91	-478.12	-409.28	-303.78	-201.22
Net Cash Per Share	-11.92	-11.06	-10.89	-10.43	-7.77	-5.42
Filing Date Shares Outstanding	40.25	40.08	39.48	39.32	39.14	39.02
Total Common Shares Outstanding	40.25	40.07	39.47	39.28	39.14	38.72
Working Capital	189.43	180.9	170.37	196.27	288.18	93.48
Book Value Per Share	12.65	11.73	11.23	10.49	10.46	10.52
Tangible Book Value	509.02	467.98	441.51	410.37	408.08	405.88
Tangible Book Value Per Share	12.65	11.68	11.18	10.45	10.43	10.48
Machinery	-	273.02	232.07	175.92	137.24	110.72
Construction In Progress	-	40.03	56.53	71.1	47.28	39.63
Leasehold Improvements	-	676.1	594.02	494.21	413.89	342.72

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