Sweetgreen Inc
For the period ended Sep 29, 2024. Filed Nov 8, 2024.
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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 29, 2024 · Filed Nov 8, 2024
SG$13.36+11.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Balance Sheets
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands, except share and per share amounts)
| As of September 29, 2024 | As of December 31,2023 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $234,623 | $257,230 |
| Accounts receivable | 7,141 | 3,502 |
| Inventory | 2,103 | 2,069 |
| Prepaid expenses | 6,426 | 5,767 |
| Current portion of lease acquisition costs | 93 | 93 |
| Other current assets | 4,918 | 7,450 |
| Total current assets | 255,304 | 276,111 |
| Operating lease assets | 248,537 | 243,992 |
| Property and equipment, net | 285,279 | 266,902 |
| Goodwill | 35,970 | 35,970 |
| Intangible assets, net | 24,543 | 27,407 |
| Security deposits | 1,408 | 1,406 |
| Lease acquisition costs, net | 357 | 426 |
| Restricted cash | 2,640 | 125 |
| Other assets | 3,943 | 4,218 |
| Total assets | $857,981 | $856,557 |
| LIABILITIES, AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Current portion of operating lease liabilities | $34,673 | $31,426 |
| Accounts payable | 18,133 | 17,380 |
| Accrued expenses | 28,080 | 20,845 |
| Accrued payroll | 13,964 | 13,131 |
| Gift cards and loyalty liability | 3,672 | 2,797 |
| Other current liabilities | — | 6,000 |
| Total current liabilities | 98,522 | 91,579 |
| Operating lease liabilities, net of current portion | 279,792 | 271,439 |
| Contingent consideration liability | 13,564 | 8,350 |
| Other non-current liabilities | 756 | 819 |
| Deferred income tax liabilities | 2,043 | 1,773 |
| Total liabilities | $394,677 | $373,960 |
| COMMITMENTS AND CONTINGENCIES (Note 14) | ||
| Stockholders’ equity: | ||
| Common stock, $0.001 par value per share, 2,000,000,000 Class A shares authorized, 103,363,461 and 99,700,052 Class A shares issued and outstanding as of September 29, 2024 and December 31, 2023, respectively; 300,000,000 Class B shares authorized, 12,260,027 and 12,939,094 Class B shares issued and outstanding as of September 29, 2024 and December 31, 2023, respectively | 116 | 113 |
| Additional paid-in capital | 1,309,516 | 1,267,469 |
| Accumulated deficit | (846,328) | (784,985) |
| Total stockholders’ equity | 463,304 | 482,597 |
| Total liabilities and stockholders’ equity | $857,981 | $856,557 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.