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$13.24-0.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows
(in thousands)
| Thirty-nine weeks ended | ||
|---|---|---|
| September 29,2024 | September 24,2023 | |
| Cash flows from operating activities: | ||
| Net loss | $(61,343) | $(85,970) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | ||
| Depreciation and amortization | 50,069 | 43,310 |
| Amortization of lease acquisition | 69 | 69 |
| Amortization of loan origination fees | 58 | 36 |
| Amortization of cloud computing arrangements | 682 | 657 |
| Non-cash operating lease cost | 23,312 | 21,692 |
| Loss on fixed asset disposal | 178 | 547 |
| Stock-based compensation | 30,214 | 40,133 |
| Non-cash impairment and closure costs | 73 | 66 |
| Non-cash restructuring charges | 525 | 5,050 |
| Deferred income tax expense | 270 | 954 |
| Change in fair value of contingent consideration liability | 5,214 | 1,591 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (3,639) | (6,647) |
| Inventory | (34) | (1,965) |
| Prepaid expenses and other assets | 1,408 | (1,091) |
| Operating lease liabilities | (16,854) | (16,779) |
| Accounts payable | (421) | 7,085 |
| Accrued payroll and benefits | 833 | 6,934 |
| Accrued expenses | 5,846 | 2,186 |
| Gift card and loyalty liability | 875 | (184) |
| Other non-current liabilities | (64) | (118) |
| Net cash provided by operating activities | 37,271 | 17,556 |
| Cash flows from investing activities: | ||
| Purchase of property and equipment | (57,739) | (74,884) |
| Purchase of intangible assets | (5,458) | (4,461) |
| Security and landlord deposits | (2) | (27) |
| Net cash used in investing activities | (63,199) | (79,372) |
| Cash flows from financing activities: | ||
| Proceeds from stock option exercise | 9,704 | 5,111 |
| Payment of contingent consideration | (3,868) | — |
| Payment associated to shares repurchased for tax withholding | — | (166) |
| Net cash provided by financing activities | 5,836 | 4,945 |
| Net decrease in cash and cash equivalents and restricted cash | (20,092) | (56,871) |
| Cash and cash equivalents and restricted cash—beginning of year | 257,355 | 331,739 |
| Cash and cash equivalents and restricted cash—end of period | $237,263 | $274,868 |
| Supplemental disclosure of cash flow information | ||
| Cash paid for interest | $184 | $— |
| Non-cash investing and financing activities | ||
| Purchase of property and equipment accrued in accounts payable and accrued expenses | $9,387 | $5,455 |
| Non-cash issuance of common stock associated with Spyce milestone achievement | $2,132 | $— |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.