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Table of Contents
SHAKE SHACK INC.
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' AND MEMBERS' EQUITY
(in thousands, except share amounts)
Members'
Equity
Class A
Common Stock
Class B
Common Stock
Additional
Paid-In
Capital
Retained
Earnings
Accumulated
Other
Comprehensive
Loss
Non-
Controlling
Interest
Total
Equity
Shares
Amount
Shares
Amount
BALANCE, DECEMBER
26, 2012 $ 31,871
—
$ —
—
$ —
$ —
$ —
$ —
$ —
$ 31,871
Net income 5,423
5,423
Equity-based compensation 93
93
BALANCE, DECEMBER
25, 2013 37,387
—
—
—
—
—
—
—
—
37,387
Net income 2,118
2,118
Equity-based compensation 165
165
Member distributions (27,070)
(27,070)
BALANCE, DECEMBER
31, 2014 12,600
—
—
—
—
—
—
—
—
12,600
Net loss prior to the
Organizational
Transactions (13,049)
(13,049)
Member distributions (11,125)
(11,125)
Equity-based compensation
recognized prior to the
Organizational Transactions 7,731
7,731
Issuance of Class A
common stock sold in initial
public offering, net of
underwriting discounts,
commissions and offering
costs
5,750,000
6
109,256
109,262
Issuance of Class A
common stock in settlement
of unit appreciation rights
339,306
—
987
(987)
—
Effect of the Organizational
Transactions 3,843
5,968,841
6
24,191,853
24
(75,182)
71,339
30
Net income subsequent to
the Organizational
Transactions
4,273
11,900
16,173
Equity-based compensation
recognized subsequent to
the Organizational
Transactions
4,314
4,314
Deferred tax adjustments
related to Tax Receivable
Agreement
31,094
31,094
Effect of redemption of
LLC Interests
6,003,308
6
(6,003,308)
(6)
19,934
(19,934)
—
Effect of USC Merger
1,727,804
2
(1,727,804)
(2)
5,908
(5,908)
—
Other comprehensive loss
(5)
(6)
(11)
BALANCE, DECEMBER
30, 2015 $ —
19,789,259
$ 20
16,460,741
$ 16
$ 96,311
$ 4,273
$ (5)
$ 56,404
$ 157,019
See accompanying Notes to Consolidated Financial Statements.
73 | Shake Shack Inc. Form 10-K