Shake Shack 2016 Annual Report Download - page 72
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Table of Contents
SHAKE SHACK INC.
CONSOLIDATED BALANCE SHEETS
(in thousands, except share and per share amounts)
December 30
2015
December 31
2014
ASSETS
Current assets:
Cash and cash equivalents $ 70,849
$ 2,677
Accounts receivable 4,217
3,278
Inventories 543
529
Prepaid expenses and other current assets 3,325
1,441
Total current assets 78,934
7,925
Property and equipment, net 93,041
70,124
Deferred income taxes, net 201,957
161
Other assets 5,615
4,752
TOTAL ASSETS $ 379,547
$ 82,962
LIABILITIES AND STOCKHOLDERS' / MEMBERS' EQUITY
Current liabilities:
Short-term borrowings $ —
$ 32,000
Accounts payable 6,786
6,440
Accrued expenses 6,801
5,578
Accrued wages and related liabilities 5,804
2,410
Other current liabilities 4,614
1,749
Total current liabilities 24,005
48,177
Long-term debt 313
313
Deferred rent 22,927
17,853
Liabilities under tax receivable agreement, net of current portion 170,933
—
Other long-term liabilities 4,350
4,019
Total liabilities 222,528
70,362
Commitments and contingencies
Stockholders' / members' equity:
Members' equity —
12,600
Preferred stock, no par value—10,000,000 shares authorized; none issued and outstanding as of December 30, 2015 —
—
Common stock, $0.01 par value—100 shares authorized; none issued and outstanding as of December 31, 2014 —
—
Class A common stock, $0.001 par value—200,000,000 shares authorized; 19,789,259 shares issued and outstanding as of
December 30, 2015 20
—
Class B common stock, $0.001 par value—35,000,000 shares authorized; 16,460,741 shares issued and outstanding as of
December 30, 2015 16
—
Additional paid-in capital 96,311
—
Retained earnings 4,273
—
Accumulated other comprehensive loss (5)
—
Total stockholders' equity attributable to Shake Shack Inc. / members' equity 100,615
12,600
Non-controlling interests 56,404
—
Total equity 157,019
12,600
TOTAL LIABILITIES AND STOCKHOLDERS' / MEMBERS' EQUITY $ 379,547
$ 82,962
See accompanying Notes to Consolidated Financial Statements.
Shake Shack Inc. Form 10-K | 70