Utz Brands Inc
For the period ended Sep 29, 2024. Filed Oct 31, 2024.
View on SEC.govAbout 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 29, 2024 · Filed Oct 31, 2024
UTZ$14.240.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
CONSOLIDATED BALANCE SHEETS
September 29, 2024 and December 31, 2023
| As ofSeptember 29, 2024 | As of December 31, 2023 | |
|---|---|---|
| (Unaudited) | ||
| ASSETS | ||
| Current Assets | ||
| Cash and cash equivalents | $64,891 | $52,023 |
| Accounts receivable, less allowance of $3,140 and $2,933, respectively | 132,913 | 135,130 |
| Inventories | 101,572 | 104,666 |
| Prepaid expenses and other assets | 40,386 | 30,997 |
| Current portion of notes receivable | 4,603 | 5,237 |
| Total current assets | 344,365 | 328,053 |
| Non-current Assets | ||
| Assets held for sale | — | 7,559 |
| Property, plant and equipment, net | 315,535 | 318,881 |
| Goodwill | 870,695 | 915,295 |
| Intangible assets, net | 1,003,872 | 1,063,413 |
| Non-current portion of notes receivable | 9,912 | 12,413 |
| Other assets | 99,527 | 101,122 |
| Total non-current assets | 2,299,541 | 2,418,683 |
| Total assets | $2,643,906 | $2,746,736 |
| LIABILITIES AND EQUITY | ||
| Current Liabilities | ||
| Current portion of term debt | $16,021 | $21,086 |
| Current portion of other notes payable | 7,110 | 7,649 |
| Accounts payable | 138,772 | 124,361 |
| Accrued expenses and other | 74,913 | 77,590 |
| Current portion of warrant liability | 48,600 | — |
| Total current liabilities | 285,416 | 230,686 |
| Non-current portion of term debt and revolving credit facility | 764,792 | 878,511 |
| Non-current portion of other notes payable | 16,592 | 19,174 |
| Non-current accrued expenses and other | 78,986 | 76,720 |
| Non-current warrant liability | — | 43,272 |
| Deferred tax liability | 113,597 | 114,690 |
| Total non-current liabilities | 973,967 | 1,132,367 |
| Total liabilities | 1,259,383 | 1,363,053 |
| Commitments and Contingencies | ||
| Equity | ||
| Shares of Class A Common Stock, $0.0001 par value; 1,000,000,000 shares authorized; 82,537,542 and 81,187,977 shares issued and outstanding as of September 29, 2024 and December 31, 2023, respectively | 8 | 8 |
| Shares of Class V Common Stock, $0.0001 par value; 61,249,000 shares authorized; 58,349,000 and 59,349,000 shares issued and outstanding as of September 29, 2024 and December 31, 2023, respectively | 6 | 6 |
| Additional paid-in capital | 972,060 | 944,573 |
| Accumulated deficit | (301,750) | (298,049) |
| Accumulated other comprehensive income | 15,359 | 22,958 |
| Total stockholders' equity | 685,683 | 669,496 |
| Noncontrolling interest | 698,840 | 714,187 |
| Total equity | 1,384,523 | 1,383,683 |
| Total liabilities and equity | $2,643,906 | $2,746,736 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.