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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 211,280 $ 227,110
Restricted cash 657 792
Accounts and notes receivable, net 165,573 179,888
Inventory 83,423 72,040
Prepaid and other assets 42,208 40,084
Income tax receivable 19,641 15,075
Assets held for sale 271,006 0
Advertising fund assets, restricted 63,983 36,421
Total current assets 857,771 571,410
Other assets 42,273 30,561
Property and equipment, net 1,408,970 1,545,738
Operating lease right-of-use assets 1,394,384 1,299,189
Deferred commissions 6,072 7,121
Intangibles, net 741,732 765,903
Goodwill 1,433,775 2,277,065
Deferred tax assets 2,817 2,911
Total assets 5,887,794 6,499,898
Current liabilities:    
Accounts payable 90,440 60,606
Accrued expenses and other liabilities 256,347 317,318
Income tax payable 3,546 4,454
Current portion of long-term debt 31,869 32,986
Income tax receivable liability 54,791 53,328
Advertising fund liabilities 38,341 36,726
Total current liabilities 475,334 505,418
Long-term debt 2,877,059 2,705,281
Deferred tax liabilities 141,965 276,749
Operating lease liabilities 1,334,539 1,177,501
Income tax receivable liability 117,915 117,915
Deferred revenue 30,525 30,046
Long-term accrued expenses and other liabilities 29,530 33,419
Total liabilities 5,006,867 4,846,329
Commitments and contingencies
Preferred Stock $0.01 par value; 100,000,000 shares authorized; none issued or outstanding 0 0
Common stock, $0.01 par value, 900,000,000 shares authorized: and 163,959,225 and 167,404,047 shares outstanding; respectively 1,639 1,674
Additional paid-in capital 1,646,831 1,628,904
Retained (deficit) earnings (696,938) 84,795
Accumulated other comprehensive loss (71,236) (62,435)
Total shareholders’ equity attributable to Driven Brands Holdings Inc. 880,296 1,652,938
Non-controlling interests 631 631
Total shareholders' equity 880,927 1,653,569
Total liabilities and shareholders' equity $ 5,887,794 $ 6,499,898