First Watch Restaurant Group, Inc. (FWRG)

FWRG Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 30, 2025	Dec 29, 2024	Dec 31, 2023	Dec 25, 2022	Dec 26, 2021	Dec 27, 2020
Cash & Equivalents	18.61	33.31	49.63	49.67	51.86	38.85
Cash & Short-Term Investments	18.61	33.31	49.63	49.67	51.86	38.85
Cash Growth	-56.97%	-32.88%	-0.08%	-4.23%	33.51%	249.30%
Accounts Receivable	3.44	4.12	4.53	3.62	3.4	3.36
Other Receivables	2.52	3.12	1	2.55	1.05	0.55
Receivables	5.96	7.24	5.53	6.16	4.45	3.92
Inventory	6.2	6.12	5.38	5.03	4.02	2.92
Prepaid Expenses	10.68	7.01	7.49	5.8	5.68	2.49
Restricted Cash	-	-	0.33	0.25	0.25	0.25
Other Current Assets	2.8	2.2	2.82	0.37	1.43	0.62
Total Current Assets	44.25	55.88	71.19	67.29	67.7	49.04
Property, Plant & Equipment	931.89	889.07	683.08	547.49	489.69	468.3
Goodwill	398.57	398.57	359.88	345.22	345.22	345.22
Other Intangible Assets	165.97	167.6	151.19	143.15	143	143.66
Other Long-Term Assets	3.47	3.25	1.7	1.3	1.31	1.29
Total Assets	1,544	1,514	1,267	1,104	1,047	1,008
Accounts Payable	7.69	6.96	6.32	7.59	11.06	4.22
Accrued Expenses	46.68	43.02	42.24	32.91	32.01	19.8
Short-Term Debt	-	-	-	1.38	2.35	-
Current Portion of Long-Term Debt	10.13	8.75	5	5.63	2.5	2.95
Current Portion of Leases	56.93	56.29	40.91	39.57	38.87	40.76
Current Unearned Revenue	3.41	5.62	5.5	5.19	4.65	4.27
Other Current Liabilities	17.01	17.83	15.1	7.72	5.07	4.54
Total Current Liabilities	141.85	138.47	115.07	99.98	96.52	76.53
Long-Term Debt	184.43	183.81	116.27	90.82	98.42	284.75
Long-Term Leases	585.99	560.81	444.79	369.96	331.83	309.46
Long-Term Unearned Revenue	1.65	1.69	1.79	2.47	2.29	2.03
Long-Term Deferred Tax Liabilities	30.8	32.22	25.33	17.17	12.49	10.31
Other Long-Term Liabilities	3.14	1.97	2.51	0.91	0.94	3.57
Total Liabilities	947.85	918.97	705.76	581.31	542.49	686.65
Common Stock	0.61	0.61	0.6	0.59	0.59	0.45
Additional Paid-In Capital	651.43	649.05	634.1	620.68	608.88	423.35
Retained Earnings	-54.65	-53.82	-72.75	-98.13	-105.04	-102.93
Comprehensive Income & Other	-1.1	-0.44	-0.67	-	-	-
Total Common Equity	596.29	595.39	561.28	523.14	504.43	320.86
Shareholders' Equity	596.29	595.39	561.28	523.14	504.43	320.87
Total Liabilities & Equity	1,544	1,514	1,267	1,104	1,047	1,008
Total Debt	837.48	809.66	606.97	507.35	473.97	637.9
Net Cash (Debt)	-818.88	-776.34	-557.33	-457.68	-422.11	-599.06
Net Cash Per Share	-13.22	-12.45	-9.11	-7.61	-8.75	-13.31
Filing Date Shares Outstanding	60.99	60.7	59.91	59.26	59.05	45.01
Total Common Shares Outstanding	60.97	60.7	59.89	59.21	59.05	45.01
Working Capital	-97.59	-82.6	-43.88	-32.69	-28.83	-27.49
Book Value Per Share	9.78	9.81	9.37	8.84	8.54	7.13
Tangible Book Value	31.75	29.23	50.22	34.77	16.21	-168.02
Tangible Book Value Per Share	0.52	0.48	0.84	0.59	0.27	-3.73
Land	-	1.19	1.19	1.19	1.19	1.19
Buildings	-	1.35	1.35	1.35	1.35	1.35
Machinery	-	223.6	180.43	145.85	119.19	105.98
Construction In Progress	-	34.78	17.47	10.48	8.64	7.09
Leasehold Improvements	-	324.39	240.98	178.89	146.58	128.25

Updated May 6, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q