Shake Shack Inc. (SHAK) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
225 VARICK STREET NEW YORK, NY 10014 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| Industry (SIC) | 581 - Eating And Drinking Places (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 293,214 | 311,228 | 382,406 | 183,760 | 73,607 | 86,863 | |||
| Cash and cash equivalent | 224,653 | 230,521 | 302,406 | 146,873 | 37,099 | 24,750 | |||
| Short-term investments | 68,561 | 80,707 | 80,000 | 36,887 | 36,508 | 62,113 | |||
| Receivables | 16,847 | 13,877 | 13,657 | 9,464 | 9,970 | 10,523 | |||
| Inventory, net of allowances, customer advances and progress billings | 5,404 | 4,184 | 3,850 | 2,888 | 2,221 | 1,749 | |||
| Inventory | 5,404 | 4,184 | 3,850 | 2,888 | 2,221 | 1,749 | |||
| Prepaid expense | 5,641 | ||||||||
| Other undisclosed current assets | 13,326 | 14,699 | 9,763 | 7,074 | 1,877 | 1,984 | |||
| Total current assets: | 334,432 | 343,988 | 409,676 | 203,186 | 87,675 | 101,119 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 5,444 | ✕ | |||||||
| Operating lease, right-of-use asset | 398,296 | 367,488 | 347,277 | 274,426 | ✕ | ||||
| Property, plant and equipment | 530,995 | 467,031 | 389,386 | 314,862 | 261,854 | ||||
| Intangible assets, net (including goodwill) | 1,437 | ||||||||
| Intangible assets, net (excluding goodwill) | 1,437 | ||||||||
| Deferred income tax assets | 326,208 | 300,538 | 298,668 | 287,007 | ✕ | ||||
| Other noncurrent assets | 15,926 | 15,817 | 12,563 | 11,488 | 5,026 | ||||
| Deferred tax assets, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 242,533 | ||
| Other undisclosed noncurrent assets | 655,155 | 272,936 | |||||||
| Total noncurrent assets: | 1,271,425 | 1,150,874 | 1,047,894 | 942,162 | 880,593 | 509,413 | |||
| TOTAL ASSETS: | 1,605,857 | 1,494,862 | 1,457,570 | 1,145,348 | 968,268 | 610,532 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 77,015 | 85,928 | 71,477 | 59,848 | 49,891 | 45,918 | |||
| Employee-related liabilities | ✕ | ✕ | 17,576 | 14,638 | 10,441 | 11,451 | 10,652 | ||
| Accounts payable | 22,273 | 20,407 | 19,947 | 23,487 | 14,300 | 12,467 | |||
| Accrued liabilities | 54,742 | 47,945 | 36,892 | 25,920 | 24,140 | 22,799 | |||
| Deferred revenue | 1,192 | 969 | 763 | 608 | ✕ | ||||
| Debt | 30,002 | ||||||||
| Other liabilities | 17,103 | 19,552 | 14,501 | 14,200 | 19,499 | 14,030 | |||
| Other undisclosed current liabilities | 68,757 | 41,269 | 34,756 | 35,049 | |||||
| Total current liabilities: | 164,067 | 147,718 | 121,497 | 109,705 | 99,392 | 59,948 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 400,113 | 343,736 | 304,914 | ||||||
| Finance lease, liability | ✕ | ||||||||
| Liabilities, other than long-term debt | 491,171 | 447,914 | 22,773 | 24,460 | 15,328 | 68,388 | |||
| Deferred revenue | ✕ | ||||||||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 10,026 | ||
| Deferred rent credit | 47,864 | ||||||||
| Other liabilities | 26,638 | 20,687 | 22,773 | 24,460 | 15,328 | 10,498 | |||
| Operating lease, liability | 464,533 | 427,227 | 400,113 | 343,736 | 304,914 | ✕ | |||
| Other undisclosed noncurrent liabilities | 481,249 | 479,482 | 477,587 | 232,954 | 226,649 | 208,741 | |||
| Total noncurrent liabilities: | 972,420 | 927,396 | 900,473 | 601,150 | 546,891 | 277,129 | |||
| Total liabilities: | 1,136,487 | 1,075,114 | 1,021,970 | 710,855 | 646,283 | 337,077 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 443,417 | 395,116 | 409,537 | 407,321 | 298,817 | 226,075 | |||
| Additional paid in capital | 426,601 | 415,611 | 405,940 | 395,067 | 244,410 | 195,633 | |||
| Accumulated other comprehensive income (loss) | (3) | 1 | 3 | 2 | |||||
| Retained earnings (accumulated deficit) | 16,777 | (20,537) | 3,554 | 12,209 | 54,367 | 30,404 | |||
| Other undisclosed equity, attributable to parent | 42 | 42 | 42 | 42 | 38 | 38 | |||
| Equity, attributable to noncontrolling interest | 25,953 | 24,632 | 26,063 | 27,172 | 23,168 | 47,380 | |||
| Total equity: | 469,370 | 419,748 | 435,600 | 434,493 | 321,985 | 273,455 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,605,857 | 1,494,862 | 1,457,570 | 1,145,348 | 968,268 | 610,532 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,087,533 | 900,486 | 739,893 | 522,867 | 594,519 | 459,310 | ||
| Cost of revenue (Cost of Product and Service Sold) | (168,176) | (122,094) | ||||||
| Gross profit: | 1,087,533 | 900,486 | 739,893 | 522,867 | 426,343 | 337,216 | ||
| Operating expenses | (1,081,612) | (927,380) | (755,746) | (566,743) | (568,834) | (427,599) | ||
| Other undisclosed operating income | 168,176 | 122,094 | ||||||
| Operating income (loss): | 5,921 | (26,894) | (15,853) | (43,876) | 25,685 | 31,711 | ||
| Nonoperating income (expense) | 12,776 | 4,127 | 95 | (786) | 2,263 | 1,514 | ||
| Other nonoperating income | 12,776 | 359 | 1,244 | 1,392 | ||||
| Interest and debt expense | (1,717) | (1,518) | (1,577) | (815) | (434) | (2,415) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 16,980 | (24,285) | (17,335) | (45,477) | 27,514 | 30,810 | ||
| Other undisclosed loss from continuing operations before income taxes | ||||||||
| Income (loss) from continuing operations before income taxes: | 16,980 | (24,285) | (17,335) | (45,477) | 27,514 | 30,810 | ||
| Income tax expense (benefit) | 4,010 | (1,682) | 7,224 | (57) | (3,386) | (8,862) | ||
| Income (loss) from continuing operations: | 20,990 | (25,967) | (10,111) | (45,534) | 24,128 | 21,948 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (10,111) | (45,534) | 24,128 | 21,948 | |
| Net income (loss): | 20,990 | (25,967) | (10,111) | (45,534) | 24,128 | 21,948 | ||
| Net income (loss) attributable to noncontrolling interest | (726) | 1,876 | 1,456 | 3,376 | (4,301) | (6,769) | ||
| Net income (loss) available to common stockholders, diluted: | 20,264 | (24,091) | (8,655) | (42,158) | 19,827 | 15,179 | ||
Comprehensive Income ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 20,990 | (25,967) | (10,111) | (45,534) | 24,128 | 21,948 | ||
| Other comprehensive income (loss) | (3) | (1) | (2) | 1 | 2 | 13 | ||
| Comprehensive income (loss): | 20,987 | (25,968) | (10,113) | (45,533) | 24,130 | 21,961 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (726) | 1,876 | 1,456 | 3,376 | (4,301) | (6,772) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 20,261 | (24,092) | (8,657) | (42,157) | 19,829 | 15,189 | ||
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.