← Shake Shack Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | $11.6m | $21.5m | $24.8m | $37.1m | $146.9m | $302.4m | $230.5m | $224.7m | $320.7m | $360.1m | |
| Accounts receivable, net | $6.0m | $5.6m | $10.5m | $10.0m | $9.5m | $13.7m | $13.9m | $16.8m | $19.7m | $33.0m | |
| Inventories | $806k | $1.3m | $1.7m | $2.2m | $2.9m | $3.9m | $4.2m | $5.4m | $6.0m | $7.2m | |
| Prepaid expenses and other current assets | $3.5m | $1.8m | $2.0m | $1.9m | $7.1m | $9.8m | $14.7m | $19.0m | $21.8m | $30.1m | |
| Total current assets | $83.9m | $93.2m | $101.1m | $87.7m | $203.2m | $409.7m | $344.0m | $334.4m | $368.2m | $430.3m | |
| Property and equipment, net of accumulated depreciation of $551,004 and $457,186, respectively. | $136.3m | $187.1m | $261.9m | $314.9m | $336.5m | $389.4m | $467.0m | $531.0m | $551.6m | $625.9m | |
| Other assets | $4.8m | $4.4m | $5.0m | $11.5m | $12.3m | $12.6m | $15.8m | $15.9m | $11.0m | $10.4m | |
| Operating lease assets | — | — | $0 | $274.4m | $306.3m | $347.3m | $367.5m | $398.3m | $424.6m | $507.3m | |
| Deferred income taxes, net | $313.2m | $185.9m | $242.5m | $279.8m | $287.0m | $298.7m | $300.5m | $326.2m | $341.6m | $322.4m | |
| Operating lease liabilities, current | — | — | $0 | $30.0m | $35.7m | $35.5m | $42.2m | $49.0m | $55.7m | $63.6m | |
| Other current liabilities | $10.2m | $7.9m | $14.0m | $19.5m | $14.2m | $14.5m | $19.6m | $17.1m | $19.5m | $27.8m | |
| Long-term operating lease liabilities | — | — | $277.2m | $304.9m | $343.7m | $400.1m | $427.2m | $464.5m | $494.5m | $575.1m | |
| Liabilities under tax receivable agreement, net of current portion | $267.9m | $158.4m | $197.9m | $226.6m | $233.0m | $234.0m | $234.9m | $235.6m | $247.0m | $244.5m | |
| Non-controlling interests | $49.2m | $55.0m | $47.4m | $23.2m | $27.2m | $26.1m | $24.6m | $26.0m | $23.6m | $28.4m | |
| Total equity | $201.4m | $224.5m | $273.5m | $322.0m | $434.5m | $435.6m | $419.7m | $469.4m | $493.6m | $553.7m | |
| TOTAL ASSETS | $538.2m | $470.6m | $610.5m | $968.3m | $1.1b | $1.5b | $1.5b | $1.6b | $1.7b | $1.9b | |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $538.2m | $470.6m | $610.5m | $968.3m | $1.1b | $1.5b | $1.5b | $1.6b | $1.7b | $1.9b | |
| Accounts payable | $6.9m | $8.2m | $12.5m | $14.3m | $23.5m | $19.9m | $20.4m | $22.3m | $23.6m | $24.7m | |
| Accrued expenses | $8.5m | $11.6m | $22.8m | $24.1m | $25.9m | $36.9m | $47.9m | $54.7m | $63.0m | $103.4m | |
| Accrued wages and related liabilities | $6.1m | $6.2m | $10.7m | $11.5m | $10.4m | $14.6m | $17.6m | $20.9m | $25.4m | $25.5m | |
| Total current liabilities | $31.7m | $34.0m | $59.9m | $99.4m | $109.7m | $121.5m | $147.7m | $164.1m | $187.3m | $244.9m | |
| Long-term debt | $0 | — | — | — | $0 | $243.5m | $244.6m | $245.6m | $246.7m | $247.7m | |
| Other long-term liabilities | $4.1m | $2.6m | $10.5m | $15.3m | $24.5m | $22.8m | $20.7m | $26.6m | $27.8m | $30.2m | |
| Total liabilities | $336.8m | $246.1m | $337.1m | $646.3m | $710.9m | $1.0b | $1.1b | $1.1b | $1.2b | $1.3b | |
| Preferred stock, no par value—10,000,000 shares authorized; none issued and outstanding as of September 27, 2023 and December 28, 2022. | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Common stock | $36k | $37k | $38k | $38k | $42k | $42k | $42k | $42k | $42k | $42k | |
| Additional paid-in capital | $135.4m | $153.1m | $195.6m | $244.4m | $395.1m | $405.9m | $415.6m | $426.6m | $443.0m | $452.6m | |
| Retained earnings | $16.7m | $16.4m | $30.4m | $54.4m | $12.2m | $3.6m | ($20.5m) | $16.8m | $27.0m | $72.7m | |
| Accumulated other comprehensive loss | ($15k) | ($49k) | $0 | $2k | $3k | $1k | $0 | ($3k) | ($1k) | ($1k) | |
| Total stockholders' equity attributable to Shake Shack Inc. | $152.2m | $169.5m | $226.1m | $298.8m | $407.3m | $409.5m | $395.1m | $443.4m | $470.0m | $525.3m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.