Company: UTZ
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001739566-25-000111
Chunk: 10

Company: Utz Brands, Inc.
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 10
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Item 1. FINANCIAL STATEMENTS

Utz Brands, Inc.

CONSOLIDATED BALANCE SHEETS

March 30, 2025 and December 29, 2024

(In thousands, except share information)

 As ofMarch 30, 2025As of December 29, 2024 (Unaudited)ASSETSCurrent AssetsCash and cash equivalents$62,748 $56,138    Accounts receivable, less allowance of $3,267 and $3,267, respectively134,998 119,867 Inventories107,576 101,362 Prepaid expenses and other assets34,694 35,269 Current portion of notes receivable4,339 4,622 Total current assets344,355 317,258 Non-current AssetsProperty, plant and equipment, net374,956 345,210 Goodwill870,695 870,695 Intangible assets, net989,834 996,510 Non-current portion of notes receivable9,114 9,192 Other assets190,113 189,547 Total non-current assets2,434,712 2,411,154 Total assets$2,779,067 $2,728,412 LIABILITIES AND EQUITYCurrent LiabilitiesCurrent portion of term debt$17,712 $16,097 Current portion of other notes payable6,788 6,917 Accounts payable157,473 150,927 Accrued expenses and other57,480 78,281 Current portion of warrant liability22,032 33,048 Total current liabilities261,485 285,270 Non-current portion of term debt and revolving credit facility830,480 752,484 Non-current portion of other notes payable14,805 14,985 Non-current accrued expenses and other170,870 164,185 Deferred tax liability123,805 123,744 Total non-current liabilities1,139,960 1,055,398 Total liabilities1,401,445 1,340,668 Commitments and ContingenciesEquity Shares of Class A Common Stock, $0.0001 par value; 1,000,000,000 shares authorized; 86,061,753 and 83,537,542 shares issued and outstanding as of March 30, 2025 and December 29, 2024, respectively8