Portillos Inc
For the period ended Dec 29, 2024. Filed Feb 25, 2025.
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FY2024 · Filed Feb 25, 2025
PTLO$6.98+1.3%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
Consolidated Balance Sheets
(In thousands, except per share data)
| December 29, 2024 | December 31, 2023 | |
|---|---|---|
| ASSETS | ||
| CURRENT ASSETS: | ||
| Cash and cash equivalents and restricted cash | $22,876 | $10,438 |
| Accounts and tenant improvement receivables | 14,794 | 14,183 |
| Inventories | 7,915 | 8,733 |
| Prepaid expenses | 7,066 | 8,565 |
| Total current assets | 52,651 | 41,919 |
| Property and equipment, net | 358,975 | 295,793 |
| Operating lease assets | 222,390 | 193,825 |
| Goodwill | 394,298 | 394,298 |
| Trade names | 223,925 | 223,925 |
| Other intangible assets, net | 26,098 | 28,911 |
| Equity method investment | 16,056 | 16,684 |
| Deferred tax assets | 197,409 | 184,701 |
| Other assets | 8,284 | 5,485 |
| Total other assets | 866,070 | 854,004 |
| TOTAL ASSETS | $1,500,086 | $1,385,541 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| CURRENT LIABILITIES: | ||
| Accounts payable | $45,516 | $33,189 |
| Current portion of long-term debt | 11,250 | 7,500 |
| Short-term debt | 25,000 | 15,000 |
| Current portion of Tax Receivable Agreement liability | 7,686 | 4,428 |
| Deferred revenue | 7,032 | 7,180 |
| Short-term lease liability | 6,013 | 5,577 |
| Accrued expenses | 33,072 | 32,039 |
| Total current liabilities | 135,569 | 104,913 |
| LONG-TERM LIABILITIES: | ||
| Long-term debt, net of current portion | 275,422 | 283,923 |
| Tax Receivable Agreement liability | 316,893 | 295,390 |
| Long-term lease liability | 278,540 | 238,414 |
| Other long-term liabilities | 3,559 | 2,791 |
| Total long-term liabilities | 874,414 | 820,518 |
| Total liabilities | 1,009,983 | 925,431 |
| COMMITMENTS AND CONTINGENCIES (NOTE 16) | ||
| STOCKHOLDERS' EQUITY: | ||
| Preferred stock, $0.01 par value per share, 10,000,000 shares authorized, 0.00 issued and outstanding | — | — |
| Class A common stock, $0.01 par value per share, 380,000,000 shares authorized, and 63,674,579 and 55,502,375 shares issued and outstanding as of December 29, 2024 and December 31, 2023, respectively | 637 | 555 |
| Class B common stock, $0.00001 par value per share, 50,000,000 shares authorized, and 10,732,800 and 17,472,926 shares issued and outstanding as of December 29, 2024 and December 31, 2023, respectively | — | — |
| Additional paid-in-capital | 357,295 | 308,212 |
| Retained earnings | 43,129 | 13,612 |
| Total stockholders' equity attributable to Portillo's Inc. | 401,061 | 322,379 |
| Non-controlling interest | 89,042 | 137,731 |
| Total stockholders' equity | 490,103 | 460,110 |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $1,500,086 | $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.