Company: UTZ
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001628280-25-047281
Chunk: 28

Company: Utz Brands, Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 28
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Item 1. FINANCIAL STATEMENTS

Utz Brands, Inc.

CONSOLIDATED BALANCE SHEETS

September 28, 2025 and December 29, 2024

(In millions, except share information)

 As ofSeptember 28, 2025As of December 29, 2024 (Unaudited)ASSETSCurrent AssetsCash and cash equivalents$57.7 $56.1    Accounts receivable, less allowance of $3.6 and $3.3, respectively133.3 119.9 Inventories112.9 101.4 Prepaid expenses and other assets24.4 35.3 Current portion of notes receivable5.1 4.6 Total current assets333.4 317.3 Non-current AssetsAssets held for sale6.7 — Property, plant and equipment, net396.5 345.2 Goodwill870.7 870.7 Intangible assets, net973.0 996.5 Non-current portion of notes receivable10.5 9.2 Other assets185.8 189.5 Total non-current assets2,443.2 2,411.1 Total assets$2,776.6 $2,728.4 LIABILITIES AND EQUITYCurrent LiabilitiesCurrent portion of term debt$25.9 $16.1 Current portion of other notes payable7.2 6.9 Accounts payable172.2 151.0 Accrued expenses and other68.8 78.3 Current portion of warrant liability— 33.0 Total current liabilities274.1 285.3 Non-current portion of term debt and revolving credit facility824.8 752.5 Non-current portion of other notes payable15.8 15.0 Non-current accrued expenses and other170.0 164.2 Deferred tax liability129.8 123.7 Total non-current liabilities1,140.4 1,055.4 Total liabilities1,414.5 1,340.7 Commitments and ContingenciesEquity Shares of Class A Common Stock, $0.0001 par value; 1,000,000,000 shares authorized; 87,509,774 and 83,537,542 shares issued and outstanding as of September 28, 2025 and December 29