Shake Shack, Inc. (SHAK) Financial Statements (2024 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)

9/30/2023
MRQ
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 investments311,228382,406183,76073,60786,86384,543
Cash and cash equivalents230,521302,406146,87337,09924,75021,507
Short-term investments80,70780,00036,88736,50862,11363,036
Receivables13,87713,6579,4649,97010,5235,641
Inventory, net of allowances, customer advances and progress billings4,1843,8502,8882,2211,7491,258
Inventory4,1843,8502,8882,2211,7491,258
Prepaid expense      
Other undisclosed current assets14,6999,7637,0741,8771,9841,757
Total current assets:343,988409,676203,18687,675101,11993,199
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization    5,444
Operating lease, right-of-use asset367,488347,277 274,426
Property, plant and equipment467,031389,386 314,862261,854187,095
Intangible assets, net (including goodwill)    1,437  
Intangible assets, net (excluding goodwill)    1,437  
Deferred income tax assets300,538298,668287,007 
Other noncurrent assets15,81712,563 11,4885,0264,398
Deferred tax assets, net242,533185,914
Other undisclosed noncurrent assets   655,155272,936  
Total noncurrent assets:1,150,8741,047,894942,162880,593509,413377,407
TOTAL ASSETS:1,494,8621,457,5701,145,348968,268610,532470,606
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities85,92871,47759,84849,89145,91826,087
Employee-related liabilities17,57614,63810,44111,45110,6526,228
Accounts payable20,40719,94723,48714,30012,4678,210
Accrued liabilities47,94536,89225,92024,14022,79911,649
Deferred revenue969763608 
Debt    30,002  
Other liabilities19,55214,50114,20019,49914,0307,937
Other undisclosed current liabilities41,26934,75635,049   
Total current liabilities:147,718121,497109,70599,39259,94834,024
Noncurrent Liabilities
Long-term debt and lease obligation:  400,113343,736304,914  
Liabilities, other than long-term debt447,91422,77324,46015,32868,38839,149
Deferred revenue and credits36,596
Contract with customer, liability10,026
Deferred rent credit     47,864
Other liabilities20,68722,77324,46015,32810,4982,553
Operating lease, liability427,227400,113343,736304,914
Other undisclosed noncurrent liabilities479,482477,587232,954226,649208,741172,954
Total noncurrent liabilities:927,396900,473601,150546,891277,129212,103
Total liabilities:1,075,1141,021,970710,855646,283337,077246,127
Equity
Equity, attributable to parent, including:395,116409,537407,321298,817226,075169,492
Additional paid in capital415,611405,940395,067244,410195,633153,105
Accumulated other comprehensive income (loss) 132 (49)
Retained earnings (accumulated deficit)(20,537)3,55412,20954,36730,40416,399
Other undisclosed equity, attributable to parent424242383837
Equity, attributable to noncontrolling interest24,63226,06327,17223,16847,38054,987
Total equity:419,748435,600434,493321,985273,455224,479
TOTAL LIABILITIES AND EQUITY:1,494,8621,457,5701,145,348968,268610,532470,606

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues900,486739,893522,867594,519459,310358,810
Revenue, net358,810
Cost of revenue
(Cost of Goods and Services Sold)
    (168,176)(122,094)(91,740)
Gross profit:900,486739,893522,867426,343337,216267,070
Operating expenses(927,380)(755,746)(566,743)(568,834)(427,599)(324,997)
Other undisclosed operating income    168,176122,09491,740
Operating income (loss):(26,894)(15,853)(43,876)25,68531,71133,813
Nonoperating income (expense)4,12795(786)2,2631,514128,123
Other nonoperating income  3591,2441,392830
Interest and debt expense(1,518)(1,577)(815)(434)(2,415)(1,643)
Income (loss) from continuing operations before equity method investments, income taxes:(24,285)(17,335)(45,477)27,51430,810160,293
Other undisclosed income from continuing operations before income taxes      
Income (loss) from continuing operations before income taxes:(24,285)(17,335)(45,477)27,51430,810160,293
Income tax expense (benefit)(1,682)7,224(57)(3,386)(8,862)(151,409)
Income (loss) from continuing operations:(25,967)(10,111)(45,534)24,12821,9488,884
Income (loss) before gain (loss) on sale of properties:(10,111)(45,534)24,12821,9488,884
Net income (loss):(25,967)(10,111)(45,534)24,12821,9488,884
Net income (loss) attributable to noncontrolling interest1,8761,4563,376(4,301)(6,769)(9,204)
Net income (loss) available to common stockholders, diluted:(24,091)(8,655)(42,158)19,82715,179(320)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(25,967)(10,111)(45,534)24,12821,9488,884
Other comprehensive income (loss)(1)(2)1213(47)
Comprehensive income (loss):(25,968)(10,113)(45,533)24,13021,9618,837
Comprehensive income (loss), net of tax, attributable to noncontrolling interest1,8761,4563,376(4,301)(6,772)(9,191)
Comprehensive income (loss), net of tax, attributable to parent:(24,092)(8,657)(42,157)19,82915,189(354)

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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