First Watch Restaurant Group, Inc. (FWRG)

FWRG Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 25, 2022	Dec 26, 2021	Dec 27, 2020	Dec 29, 2019
Cash & Equivalents	45.1	49.63	49.67	51.86	38.85	11.12
Cash & Short-Term Investments	45.1	49.63	49.67	51.86	38.85	11.12
Cash Growth	-32.44%	-0.08%	-4.23%	33.51%	249.30%	-31.71%
Accounts Receivable	2.84	4.53	3.62	3.4	3.36	5.74
Other Receivables	1.19	1	2.55	1.05	0.55	-
Receivables	4.03	5.53	6.16	4.45	3.92	5.74
Inventory	5.67	5.38	5.03	4.02	2.92	2.71
Prepaid Expenses	8.49	7.49	5.8	5.68	2.49	3.11
Restricted Cash	0.26	0.33	0.25	0.25	0.25	-
Other Current Assets	3.85	2.82	0.37	1.43	0.62	1.56
Total Current Assets	67.4	71.19	67.29	67.7	49.04	24.24
Property, Plant & Equipment	796.19	683.08	547.49	489.69	468.3	466.85
Goodwill	398.57	359.88	345.22	345.22	345.22	345.22
Other Intangible Assets	171.03	151.19	143.15	143	143.66	144.56
Other Long-Term Assets	3.47	1.7	1.3	1.31	1.29	1.21
Total Assets	1,437	1,267	1,104	1,047	1,008	982.08
Accounts Payable	7.18	6.32	7.59	11.06	4.22	5.09
Accrued Expenses	40.12	42.24	32.91	32.01	19.8	24.66
Short-Term Debt	-	-	1.38	2.35	-	-
Current Portion of Long-Term Debt	6.17	5	5.63	2.5	2.95	2.39
Current Portion of Leases	46.23	40.91	39.57	38.87	40.76	28.01
Current Unearned Revenue	3.25	5.5	5.19	4.65	4.27	7.12
Other Current Liabilities	15.89	15.1	7.72	5.07	4.54	5.74
Total Current Liabilities	118.83	115.07	99.98	96.52	76.53	73.02
Long-Term Debt	188.59	116.27	90.82	98.42	284.75	248.78
Long-Term Leases	507.62	444.79	369.96	331.83	309.46	297.25
Long-Term Unearned Revenue	1.67	1.79	2.47	2.29	2.03	-
Long-Term Deferred Tax Liabilities	32.22	25.33	17.17	12.49	10.31	30.3
Other Long-Term Liabilities	1.95	2.51	0.91	0.94	3.57	2.93
Total Liabilities	850.87	705.76	581.31	542.49	686.65	652.28
Common Stock	0.6	0.6	0.59	0.59	0.45	0.04
Additional Paid-In Capital	641.63	634.1	620.68	608.88	423.35	383.01
Retained Earnings	-56.63	-72.75	-98.13	-105.04	-102.93	-53.25
Comprehensive Income & Other	0.19	-0.67	-	-	-	-
Total Common Equity	585.78	561.28	523.14	504.43	320.86	329.8
Shareholders' Equity	585.78	561.28	523.14	504.43	320.87	329.8
Total Liabilities & Equity	1,437	1,267	1,104	1,047	1,008	982.08
Total Debt	748.6	606.97	507.35	473.97	637.9	576.44
Net Cash (Debt)	-703.5	-557.33	-457.68	-422.11	-599.06	-565.32
Net Cash Per Share	-11.34	-9.11	-7.61	-8.75	-13.31	-12.56
Filing Date Shares Outstanding	60.41	59.91	59.26	59.05	45.01	45.01
Total Common Shares Outstanding	60.4	59.89	59.21	59.05	45.01	45.01
Working Capital	-51.44	-43.88	-32.69	-28.83	-27.49	-48.78
Book Value Per Share	9.70	9.37	8.84	8.54	7.13	7.33
Tangible Book Value	16.19	50.22	34.77	16.21	-168.02	-159.98
Tangible Book Value Per Share	0.27	0.84	0.59	0.27	-3.73	-3.55
Land	-	1.19	1.19	1.19	1.19	1.19
Buildings	-	1.35	1.35	1.35	1.35	1.35
Machinery	-	180.43	145.85	119.19	105.98	92.44
Construction In Progress	-	17.47	10.48	8.64	7.09	12.27
Leasehold Improvements	-	240.98	178.89	146.58	128.25	111.54

Source: S&P Capital IQ. Standard template. Financial Sources.