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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 24, 2022
Dec. 25, 2021
Current assets:    
Cash and cash equivalents $ 190,373 $ 523,414
Restricted cash 792 792
Accounts and notes receivable, net 156,194 117,903
Inventory 62,569 46,990
Prepaid and other assets 53,456 24,326
Income tax receivable 5,070 6,867
Assets held for sale 0 3,275
Advertising fund assets, restricted 53,233 45,360
Total current assets 521,687 768,927
Notes receivable, net 6,636 3,182
Property and equipment, net 1,693,353 1,350,984
Operating lease right-of-use assets 1,089,693 995,625
Deferred commissions 9,607 10,567
Intangibles, net 717,959 816,183
Goodwill 2,082,572 1,910,392
Deferred tax assets 1,165 1,509
Total assets 6,122,672 5,857,369
Current liabilities:    
Accounts payable 79,392 83,033
Accrued expenses and other liabilities 266,223 297,620
Income tax payable 48,264 11,054
Current portion of long term debt 23,836 26,044
Income tax receivable liability 24,255 24,255
Advertising fund liabilities 26,738 26,441
Total current liabilities 468,708 468,447
Long-term debt 2,656,520 2,356,320
Deferred tax liabilities 211,554 257,067
Operating lease liabilities 1,024,694 931,604
Income tax receivable liability 131,715 131,715
Deferred revenue 42,024 37,576
Long-term accrued expenses and other liabilities 22,505 29,398
Total liabilities 4,557,720 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 1,620,480 1,605,890
Retained earnings 57,397 41,607
Accumulated other comprehensive loss (115,233) (5,028)
Total shareholders’ equity attributable to Driven Brands Holdings Inc. 1,564,321 1,644,143
Non-controlling interests 631 1,099
Total shareholders' equity 1,564,952 1,645,242
Total liabilities and shareholders' equity $ 6,122,672 $ 5,857,369