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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 26, 2022
Dec. 25, 2021
Current assets:    
Cash and cash equivalents $ 270,681 $ 523,414
Restricted cash 792 792
Accounts and notes receivable, net 133,809 117,903
Inventory 48,883 46,990
Prepaid and other assets 24,640 24,326
Income tax receivable 5,070 6,867
Advertising fund assets, restricted 51,281 45,360
Assets held for sale 3,275 3,275
Total current assets 538,431 768,927
Notes receivable, net 8,918 3,182
Property and equipment, net 1,384,770 1,350,984
Operating lease right-of-use assets 1,026,537 995,625
Deferred commissions 10,623 10,567
Intangibles, net 862,761 816,183
Goodwill 2,044,594 1,910,392
Deferred tax assets 1,477 1,509
Total assets 5,878,111 5,857,369
Current liabilities:    
Accounts payable 85,468 83,033
Accrued expenses and other liabilities 241,730 297,620
Income tax payable 20,642 11,054
Current portion of long term debt 22,969 26,044
Income tax receivable liability 24,255 24,255
Advertising fund liabilities 29,022 26,441
Total current liabilities 424,086 468,447
Long-term debt 2,358,379 2,356,320
Deferred tax liabilities 256,535 257,067
Operating lease liabilities 961,182 931,604
Income tax receivable liability 131,715 131,715
Deferred revenue 39,541 37,576
Long-term accrued expenses and other liabilities 28,181 29,398
Total liabilities 4,199,619 4,212,127
Common stock, $0.01 par value, 900 million shares authorized and 167 million shares issued at March 26, 2022 and December 25, 2021. 1,675 1,674
Additional paid-in capital 1,610,585 1,605,890
Retained earnings 76,050 41,607
Accumulated other comprehensive loss (10,483) (5,028)
Total shareholders’ equity attributable to Driven Brands Holdings Inc. 1,677,827 1,644,143
Non-controlling interests 665 1,099
Total shareholders' equity 1,678,492 1,645,242
Total liabilities and shareholders' equity $ 5,878,111 $ 5,857,369