Company: CAVA
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001628280-25-007882
Chunk: 240

Company: CAVA GROUP, INC.
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 240
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,496)Prepaid expenses and other(3,362)60 (318)Operating lease assets(32,494)(20,521)(34,187)Accounts payable8,903 2,549 336 Accrued expenses and other10,791 19,123 (2,906)Operating lease liabilities42,547 25,516 38,987 Net cash provided by operating activities161,027 97,101 6,038 Cash flows from investing activities: Purchases of property and equipment(108,131)(138,806)(104,161)Net cash used in investing activities(108,131)(138,806)(104,161)Cash flows from financing activities:Proceeds from long-term debt— 6,000 — Payments on long-term debt— (6,000)— Tax withholding on equity-based compensation awards(24,650)(3,108)(911)Shares purchased under equity plans5,491 1,353 37 Proceeds from initial public offering, net of underwriting fees of $22.8 million— 342,604 — Offering costs paid— (5,384)(1,109)Payment of loan acquisition fees— (372)(986)Payments on finance lease obligations(45)(85)(115)Net cash (used in) provided by financing activities(19,204)335,008 (3,084)Net change in cash and cash equivalents33,692 293,303 (101,207)Cash and cash equivalents - beginning of year332,428 39,125 140,332 Cash and cash equivalents - end of year$366,120 $332,428 $39,125 

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Fiscal Year Ended(in thousands)December 29,2024December 31,2023December 25,2022Supplemental Disclosure of Cash Flow Information:Offering costs not yet paid$— $— $542 Cash paid for fees and interest related to long-term debt211 330 161 Cash paid for income taxes2,533 116 523 Change in accrued purchases of property and equipment(986)584 5,083 Conversion of redeemable preferred stock into common stock in connection with initial public offering— 662,309 — The accompanying notes are an integral part of these consolidated financial statements.

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CAVA GROUP, INC.

NOTES TO CONSOLIDATED FINANC