Chipotle Mexican Grill, Inc. (CMG) Financial Statements (2024 and earlier)

Company Profile

Business Address 610 NEWPORT CENTER DR
NEWPORT BEACH, CA 92660
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 5812 - Eating Places (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8991,076952881677509
Cash and cash equivalents384815608481250185
Short-term investments515261344400427324
Receivables1551943871086250
Inventory, net of allowances, customer advances and progress billings363326262220
Inventory363326262220
Prepaid expense      
Other current assets      
Other undisclosed current assets 867955575451
Total current assets:1,1761,3821,4201,072815630
Noncurrent Assets
Operating lease, right-of-use asset3,3023,1182,7672,505
Property, plant and equipment1,9511,7691,5841,4591,3791,338
Long-term investments and receivables388274102   
Long-term investments388274102   
Intangible assets, net (including goodwill)222222222222
Goodwill222222222222
Restricted cash and investments2531282830 
Other noncurrent assets635759181956
Total noncurrent assets:5,7525,2714,5634,0321,4511,416
TOTAL ASSETS:6,9286,6535,9835,1052,2662,046
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities332499490398380324
Taxes payable   5 
Employee-related liabilities16220312711383
Accounts payable18516312211611382
Accrued liabilities148173165156148159
Deferred revenue18315612895
Debt    173  
Other undisclosed current liabilities407219205 70 
Total current liabilities:922874822667450324
Noncurrent Liabilities
Long-term debt and lease obligation:  3,3022,9522,678  
Liabilities, other than long-term debt3,63818018877374357
Deferred revenue and credits316
Deferred rent credit     331
Deferred tax liabilities, net121
Deferred income tax liabilities9914214938
Other liabilities443939393240
Operating lease, liability3,4953,3022,9522,678
Total noncurrent liabilities:3,6383,4823,1412,755374357
Total liabilities:4,5594,3563,9633,422824681
Equity
Equity, attributable to parent2,3682,2972,0201,6831,4411,364
Common stock000000
Treasury stock, value(4,282)(3,356)(2,802)(2,699)(2,501)(2,334)
Additional paid in capital1,8291,7291,5501,4661,3741,305
Accumulated other comprehensive loss(8)(5)(4)(5)(6)(4)
Retained earnings4,8283,9293,2762,9212,5742,397
Total equity:2,3682,2972,0201,6831,4411,364
TOTAL LIABILITIES AND EQUITY:6,9286,6535,9835,1052,2662,046

Income Statement (P&L) ($ in millions)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues8,6357,5475,9855,5864,8654,476
Revenue, net4,476
Cost of revenue(5,302)(4,684)(3,987)(3,760)(3,431)(3,135)
Cost of goods and services sold(4,800)(4,226)(3,526)(3,320)(2,927)(2,741)
Gross profit:3,3332,8631,9981,8271,4341,341
Operating expenses(2,173)(2,058)(1,707)(1,383)(1,176)(1,070)
Operating income:1,160805290444258271
Nonoperating income
(Other Nonoperating income)
218414105
Income from continuing operations before income taxes:1,182813294458268276
Income tax expense(282)(160)(62)(108)(92)(99)
Other undisclosed income from continuing operations282160    
Income from continuing operations:1,182813232350177176
Income before gain (loss) on sale of properties:813232350177176
Net income:1,182813232350177176
Other undisclosed net income (loss) attributable to parent(282)(160)124   
Net income available to common stockholders, diluted:899653356350177176

Comprehensive Income ($ in millions)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:1,182813232350177176
Comprehensive income:1,182813232350177176
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(285)(161)1251(3)5
Comprehensive income, net of tax, attributable to parent:897652357351174181

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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