Portillos Inc
For the period ended Sep 29, 2024. Filed Nov 5, 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 5, 2024
PTLO$6.98+1.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
(In thousands, except share and per share data)
| September 29, 2024 | December 31, 2023 | |
|---|---|---|
| ASSETS | ||
| CURRENT ASSETS: | ||
| Cash and cash equivalents and restricted cash | $18,520 | $10,438 |
| Accounts and tenant improvement receivables | 14,913 | 14,183 |
| Inventory | 8,298 | 8,733 |
| Prepaid expenses | 5,201 | 8,565 |
| Total current assets | 46,932 | 41,919 |
| Property and equipment, net | 343,160 | 295,793 |
| Operating lease assets | 214,338 | 193,825 |
| Goodwill | 394,298 | 394,298 |
| Trade names | 223,925 | 223,925 |
| Other intangible assets, net | 26,745 | 28,911 |
| Equity method investment | 16,032 | 16,684 |
| Deferred tax assets | 197,580 | 184,701 |
| Other assets | 8,409 | 5,485 |
| Total other assets | 866,989 | 854,004 |
| TOTAL ASSETS | $1,471,419 | $1,385,541 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| CURRENT LIABILITIES: | ||
| Accounts payable | $47,165 | $33,189 |
| Current portion of long-term debt | 9,375 | 7,500 |
| Current portion of Tax Receivable Agreement liability | 7,723 | 4,428 |
| Short-term debt | 14,000 | 15,000 |
| Deferred revenue | 4,112 | 7,180 |
| Short-term operating lease liability | 5,667 | 5,577 |
| Accrued expenses | 36,246 | 32,039 |
| Total current liabilities | 124,288 | 104,913 |
| LONG-TERM LIABILITIES: | ||
| Long-term debt, net of current portion | 278,867 | 283,923 |
| Tax Receivable Agreement liability | 318,967 | 295,390 |
| Long-term operating lease liability | 267,760 | 238,414 |
| Other long-term liabilities | 3,945 | 2,791 |
| Total long-term liabilities | 869,539 | 820,518 |
| Total liabilities | 993,827 | 925,431 |
| COMMITMENTS AND CONTINGENCIES (NOTE 13) | ||
| STOCKHOLDERS' EQUITY: | ||
| Preferred stock, $0.01 par value per share, 10,000,000 shares authorized, none issued or outstanding | — | — |
| Class A common stock, $0.01 par value per share, 380,000,000 shares authorized, and 62,223,289 and 55,502,375 shares issued and outstanding at September 29, 2024 and December 31, 2023 , respectively. | 622 | 555 |
| Class B common stock, $0.00001 par value per share, 50,000,000 shares authorized, and 11,573,792 and 17,472,926 shares issued and outstanding at September 29, 2024 and December 31, 2023, respectively. | — | — |
| Additional paid-in-capital | 349,955 | 308,212 |
| Retained earnings | 31,864 | 13,612 |
| Total stockholders' equity attributable to Portillo's Inc. | 382,441 | 322,379 |
| Non-controlling interest | 95,151 | 137,731 |
| Total stockholders' equity | 477,592 | 460,110 |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $1,471,419 | $1,385,541 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.