The Chefs' Warehouse, Inc. (CHEF) Financial Statements (2024 and earlier)

Company Profile

Business Address 100 EAST RIDGE ROAD
RIDGEFIELD, CT 06877
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 5141 - Groceries, General Line (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q2
6/30/2022
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments33,05859,59291,742 145,42551,806
Cash and cash equivalents33,05859,59291,742 145,42551,806
Receivables338,613322,625274,598 208,939208,229
Inventory, net of allowances, customer advances and progress billings312,222291,917274,787 190,668181,594
Inventory312,222291,917274,787 190,668181,594
Other undisclosed current assets37,72439,48555,714 46,46436,323
Total current assets:721,617713,619696,841 591,496477,952
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization      
Operating lease, right-of-use asset177,092182,215178,872 135,286138,591
Property, plant and equipment 208,927205,535196,256 158,569155,564
Intangible assets, net (including goodwill)544,144544,736475,596 361,540356,314
Goodwill344,526348,951307,773 245,428237,788
Intangible assets, net (excluding goodwill)199,618195,785167,823 116,112118,526
Deferred income tax assets     2,2594,376
Other noncurrent assets6,2624,8844,566 3,6094,081
Other undisclosed noncurrent assets      
Total noncurrent assets:936,425937,370855,290 661,263658,926
TOTAL ASSETS:1,658,0421,650,9891,552,131 1,252,7591,136,878
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities284,736269,826241,969 213,643208,656
Employee-related liabilities✕✕✕✕✕21,92919,292
Accounts payable209,299198,087169,912 142,963144,547
Accrued liabilities75,43771,73972,057 48,75144,817
Deferred revenue      
Debt11,97012,01713,199 6,0674,843
Other undisclosed current liabilities53,51251,59049,060 17,18017,430
Total current liabilities:350,218333,433304,228 236,890230,929
Noncurrent Liabilities
Long-term debt and lease obligation, including:689,207709,073654,417 493,148392,980
Long-term debt, excluding current maturities689,207709,073654,417 493,148392,980
Finance lease, liability      
Other undisclosed long-term debt and lease obligation    (131,910)(134,714)
Liabilities, other than long-term debt183,835185,508187,534 5,8624,568
Deferred income tax liabilities9,3177,2946,221   
Other liabilities3,3113,0729,341 5,8624,568
Operating lease, liability171,207175,142171,972 131,910134,714
Other undisclosed noncurrent liabilities     131,910134,714
Total noncurrent liabilities:873,042894,581841,951 630,920532,262
Total liabilities:1,223,2601,228,0141,146,179 867,810763,191
Equity
Equity, attributable to parent434,782422,975405,952 384,949373,687
Common stock397396395 383383
Additional paid in capital352,576347,861340,899 322,505319,364
Accumulated other comprehensive loss(2,142)(1,911)(2,104) (2,127)(1,971)
Retained earnings83,95176,62966,762 64,18855,911
Total equity:434,782422,975405,952 384,949373,687
TOTAL LIABILITIES AND EQUITY:1,658,0421,650,9891,552,131 1,252,7591,136,878

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q2
6/30/2022
Q2
Revenues881,825881,820719,645 661,856648,104
Cost of revenue
(Cost of Goods and Services Sold)		(674,127)(673,376)(549,937) (504,068)(492,100)
Gross profit:207,698208,444169,708 157,788156,004
Operating expenses(179,614)(179,042)(156,137) (130,255)(124,487)
Other operating expense, net(2,535)(4,062)(1,672) (5,458)(3,883)
Operating income:25,54925,34011,899 22,07527,634
Interest and debt expense(11,379)(12,006)(10,006) (10,737)(4,465)
Income from continuing operations before income taxes:14,17013,3341,893 11,33823,169
Income tax expense(6,848)(3,467)(492) (3,061)(6,254)
Income from continuing operations:7,3229,8671,401 8,27716,915
Income before gain (loss) on sale of properties:✕✕✕✕✕8,27716,915
Net income available to common stockholders, basic:7,3229,8671,401 8,27716,915
Interest on convertible debt1,3691,397  683719
Net income available to common stockholders, diluted:8,69111,2641,401 8,96017,634

Comprehensive Income ($ in thousands)
Annual | Quarterly

12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q2
6/30/2022
Q2
Net income:7,3229,8671,401 8,27716,915
Comprehensive income:7,3229,8671,401 8,27716,915
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(231)19381 (156)(74)
Comprehensive income, net of tax, attributable to parent:7,09110,0601,482 8,12116,841

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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