Shake Shack Inc

For the period ended Sep 25, 2024. Filed Oct 31, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 25, 2024 · Filed Oct 31, 2024

SHAK$77.15+7.3%Stored close · as of Nov 9, 2026

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Contents

Condensed Consolidated Balance Sheets

(in thousands, except share and per share amounts)

September 252024 · December 272023
ASSETS
Current assets:
	Cash and cash equivalents	$310,865		$224,653
	Marketable securities	—		68,561
	Accounts receivable, net	16,743		16,847
	Inventories	5,146		5,404
	Prepaid expenses and other current assets	21,262		18,967
	Total current assets	354,016		334,432
Property and equipment, net of accumulated depreciation of $442,383 and $376,760, respectively	544,902		530,995
Operating lease assets	419,586		398,296
Deferred income taxes, net	344,479		326,208
Other assets	12,436		15,926
TOTAL ASSETS	$1,675,419		$1,605,857
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
	Accounts payable	$15,765		$22,273
	Accrued expenses	65,822		54,742
	Accrued wages and related liabilities	21,961		20,945
	Operating lease liabilities, current	55,227		49,004
	Other current liabilities	17,058		17,103
	Total current liabilities	175,833		164,067
Long-term debt	246,422		245,636
Long-term operating lease liabilities	499,228		464,533
Liabilities under tax receivable agreement, net of current portion	247,824		235,613
Other long-term liabilities	27,057		26,638
Total liabilities	1,196,364		1,136,487
Commitments and contingencies (Note 13)
Stockholders' equity:
	Preferred stock, no par value—10,000,000 shares authorized; none issued and outstanding as of September 25, 2024 and December 27, 2023.	—		—
	Class A common stock, $0.001 par value—200,000,000 shares authorized; 40,027,089 and 39,474,315 shares issued and outstanding as of September 25, 2024 and December 27, 2023, respectively.	40		39
	Class B common stock, $0.001 par value—35,000,000 shares authorized; 2,456,158 and 2,834,513 shares issued and outstanding as of September 25, 2024 and December 27, 2023, respectively.	2		3
	Additional paid-in capital	437,788		426,601
	Retained earnings	18,274		16,777
	Accumulated other comprehensive loss	(2)		(3)
	Total stockholders' equity attributable to Shake Shack Inc.	456,102		443,417
Non-controlling interests	22,953		25,953
Total equity	479,055		469,370
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$1,675,419		$1,605,857

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.