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	Sep 29, 2024	Dec 31, 2023	Dec 25, 2022	Dec 26, 2021	Dec 27, 2020	Dec 29, 2019
Cash & Equivalents	51.13	49.63	49.67	51.86	38.85	11.12
Cash & Short-Term Investments	51.13	49.63	49.67	51.86	38.85	11.12
Cash Growth	28.07%	-0.08%	-4.23%	33.51%	249.30%	-31.71%
Accounts Receivable	2.85	4.53	3.62	3.4	3.36	5.74
Other Receivables	2.08	1	2.55	1.05	0.55	-
Receivables	4.93	5.53	6.16	4.45	3.92	5.74
Inventory	5.33	5.38	5.03	4.02	2.92	2.71
Prepaid Expenses	7.44	7.49	5.8	5.68	2.49	3.11
Restricted Cash	-	0.33	0.25	0.25	0.25	-
Other Current Assets	4.18	2.82	0.37	1.43	0.62	1.56
Total Current Assets	73.01	71.19	67.29	67.7	49.04	24.24
Property, Plant & Equipment	840.68	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	169.33	151.19	143.15	143	143.66	144.56
Other Long-Term Assets	3.37	1.7	1.3	1.31	1.29	1.21
Total Assets	1,485	1,267	1,104	1,047	1,008	982.08
Accounts Payable	6.87	6.32	7.59	11.06	4.22	5.09
Accrued Expenses	50.77	42.24	32.91	32.01	19.8	24.66
Short-Term Debt	-	-	1.38	2.35	-	-
Current Portion of Long-Term Debt	7.41	5	5.63	2.5	2.95	2.39
Current Portion of Leases	47.99	40.91	39.57	38.87	40.76	28.01
Current Unearned Revenue	2.37	5.5	5.19	4.65	4.27	7.12
Other Current Liabilities	18.61	15.1	7.72	5.07	4.54	5.74
Total Current Liabilities	134.02	115.07	99.98	96.52	76.53	73.02
Long-Term Debt	186.2	116.27	90.82	98.42	284.75	248.78
Long-Term Leases	537.3	444.79	369.96	331.83	309.46	297.25
Long-Term Unearned Revenue	1.64	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	4.45	2.51	0.91	0.94	3.57	2.93
Total Liabilities	895.83	705.76	581.31	542.49	686.65	652.28
Common Stock	0.61	0.6	0.59	0.59	0.45	0.04
Additional Paid-In Capital	645.53	634.1	620.68	608.88	423.35	383.01
Retained Earnings	-54.52	-72.75	-98.13	-105.04	-102.93	-53.25
Comprehensive Income & Other	-2.48	-0.67	-	-	-	-
Total Common Equity	589.13	561.28	523.14	504.43	320.86	329.8
Shareholders' Equity	589.13	561.28	523.14	504.43	320.87	329.8
Total Liabilities & Equity	1,485	1,267	1,104	1,047	1,008	982.08
Total Debt	778.9	606.97	507.35	473.97	637.9	576.44
Net Cash (Debt)	-727.77	-557.33	-457.68	-422.11	-599.06	-565.32
Net Cash Per Share	-11.70	-9.11	-7.61	-8.75	-13.31	-12.56
Filing Date Shares Outstanding	60.57	59.91	59.26	59.05	45.01	45.01
Total Common Shares Outstanding	60.55	59.89	59.21	59.05	45.01	45.01
Working Capital	-61.01	-43.88	-32.69	-28.83	-27.49	-48.78
Book Value Per Share	9.73	9.37	8.84	8.54	7.13	7.33
Tangible Book Value	21.24	50.22	34.77	16.21	-168.02	-159.98
Tangible Book Value Per Share	0.35	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.