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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 25, 2022
Dec. 25, 2021
Current assets:    
Cash and cash equivalents $ 197,853 $ 523,414
Restricted cash 792 792
Accounts and Notes receivable 178,201 117,903
Inventory 53,124 46,990
Prepaid and other assets 47,964 24,326
Income tax receivable 5,070 6,867
Assets held for sale 3,275 3,275
Advertising fund assets, restricted 55,596 45,360
Total current assets 541,875 768,927
Notes receivable, net 5,092 3,182
Property and equipment, net 1,481,064 1,350,984
Operating lease right-of-use assets 1,031,731 995,625
Deferred commissions 10,738 10,567
Intangibles, net 733,469 816,183
Goodwill 2,108,002 1,910,392
Deferred tax assets 1,360 1,509
Total assets 5,913,331 5,857,369
Current liabilities:    
Accounts payable 115,424 83,033
Accrued expenses and other liabilities 253,742 297,620
Income tax payable 30,021 11,054
Current portion of long term debt 23,590 26,044
Income tax receivable liability 24,255 24,255
Advertising fund liabilities 30,264 26,441
Total current liabilities 477,296 468,447
Long-term debt 2,464,909 2,356,320
Deferred tax liabilities 223,336 257,067
Operating lease liabilities 969,598 931,604
Income tax receivable liability 131,715 131,715
Deferred revenue 39,829 37,576
Long-term accrued expenses and other liabilities 23,188 29,398
Total liabilities 4,329,871 4,212,127
Commitments and contingencies
Common stock, $0.01 par value, 900 million shares authorized: and 168 million and 167 million shares issued at June 25, 2022 and December 25, 2021. 1,677 1,674
Additional paid-in capital 1,614,927 1,605,890
Retained earnings 19,006 41,607
Accumulated other comprehensive loss (52,796) (5,028)
Total shareholders’ equity attributable to Driven Brands Holdings Inc. 1,582,814 1,644,143
Non-controlling interests 646 1,099
Total shareholders' equity 1,583,460 1,645,242
Total liabilities and shareholders' equity $ 5,913,331 $ 5,857,369