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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 25, 2021
Dec. 26, 2020
Current assets:    
Cash and cash equivalents $ 115,365 $ 172,611
Restricted cash 135 15,827
Accounts and notes receivable, net 110,907 84,805
Inventory 44,259 43,039
Prepaid and other assets 26,022 25,070
Income tax receivable 2,619 3,055
Advertising fund assets, restricted 39,698 29,276
Total current assets 339,005 373,683
Notes receivable, net 2,748 3,828
Property and equipment, net 1,121,204 827,392
Operating lease right-of-use assets 905,527 884,927
Deferred commissions 9,878 8,661
Intangibles, net 817,665 829,308
Goodwill 1,810,085 1,727,351
Total assets 5,006,112 4,655,150
Current liabilities:    
Accounts payable 72,458 67,802
Accrued expenses and other liabilities 217,589 190,867
Income tax payable 2,791 3,513
Current portion of long term debt 18,342 22,988
Advertising fund liabilities 25,457 20,276
Total current liabilities 336,637 305,446
Long-term debt, net 1,677,337 2,102,219
Deferred tax liability 261,906 249,043
Operating lease liabilities 843,925 818,001
Income tax receivable liability 155,970 0
Deferred revenue 24,770 20,757
Long-term accrued expenses and other liabilities 30,070 53,324
Total liabilities 3,330,615 3,548,790
Common stock [1] 1,674 565
Additional paid-in capital 1,604,342 1,055,172
Retained earnings 80,364 31,975
Accumulated other comprehensive income (loss) (12,047) 16,528
Total shareholders’ equity attributable to Driven Brands Holdings Inc. 1,674,333 1,104,240
Non-controlling interests 1,164 2,120
Total shareholders' equity 1,675,497 1,106,360
Total liabilities and shareholders' equity $ 5,006,112 $ 4,655,150
[1] Common stock at December 26, 2020 has been adjusted to reflect an implied 88,990-for-one stock split that became effective on January 14, 2021. See Note 1 for additional information.