Company: MCW
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000950170-25-024533
Chunk: 58

Company: Mister Car Wash, Inc.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 1B
Chunk 58
---
5,199
    )

    —

    —

    Total other expense, net

    76,265

    75,104

    41,895

    Income before taxes

    102,667

    103,041

    145,824

    Income tax provision

    32,428

    22,911

    32,924

    Net income
     
    $
    70,239

    $
    80,130

    $
    112,900

    Earnings per share:

    Basic
     
    $
    0.22

    $
    0.26

    $
    0.37

    Diluted
     
    $
    0.21

    $
    0.24

    $
    0.34

    Weighted-average common shares outstanding:

    Basic

    320,031,984

    311,035,122

    303,372,095

    Diluted

    329,513,232

    328,239,604

    327,560,407

See accompanying notes to consolidated financial statements.

36 

Mister Car Wash, Inc. 

Consolidated Statements of Cash Flows

    Year Ended December 31,

    (Amounts in thousands)
    2024

    2023

    2022

    Cash flows from operating activities:

    Net income
    $
    70,239

    $
    80,130

    $
    112,900

    Adjustments to reconcile net income to net cash provided by operating activities:

    Depreciation and amortization expense
     
    81,366

    69,991

    61,580

    Stock-based compensation expense
     
    25,563

    24,001

    22,305

    (Gain) loss on sale of assets, net
     
    12,435

    125

    (949
    )

    Loss on extinguishment of debt
     
    1,976

    —

    —

    Amortization of deferred debt issuance costs
     
    1,256

    1,698

    1,698

    Non-cash lease expense
     
    49,855

    45,084

    41,099

    Non-cash