Company: MCW
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000950170-25-024533
Chunk: 75

Company: Mister Car Wash, Inc.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 1B
Chunk 75
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        Prepaid insurance

        2,658

        2,618

        Other

        4,131

        2,673

        Total prepaid expenses and other current assets
         
        $
        11,590

        $
        11,877

47 

4. Property and Equipment, NetProperty and equipment, net consisted of the following for the periods presented:

        As of

        December 31, 2024

        December 31, 2023

        Land
         
        $
        123,550

        $
        121,960

        Buildings and improvements

        328,664

        263,468

        Finance leases

        16,554

        16,604

        Leasehold improvements

        151,635

        135,861

        Vehicles and equipment

        353,660

        285,127

        Furniture, fixtures and equipment

        106,271

        100,457

        Construction in progress

        61,153

        75,639

        Property and equipment, gross

        1,141,487

        999,116

        Accumulated depreciation

        (322,676
        )

        (270,706
        )

        Accumulated amortization - finance leases

        (4,211
        )

        (3,289
        )

        Property and equipment, net
         
        $
        814,600

        $
        725,121

      Depreciation expense was $75,200, $62,214 and $52,715 for the years ended December 31, 2024, 2023 and 2022, respectively. Amortization expense on finance leases was $1,006, $1,005 and $991 for the years ended December 31, 2024, 2023 and 2022, respectively.During the fourth quarter of 2024, the Company committed to a plan to dispose of two car wash locations and entered into agreements to sell them during the first half of 2025. As of December 31, 2024, these locations are classified as held for sale and have a collective net book value of $4,489 primarily related to land and building. The assets of these locations are recorded in property and equipment, net on the consolidated balance sheets. We recorded $1,549 of impairment losses related to the land