Company: FWRG
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001789940-25-000086
Chunk: 18

Company: First Watch Restaurant Group, Inc.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 1
Chunk 18
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 cash used in investing activities(175,771)(165,919)Cash flows from financing activities:Proceeds from borrowings on revolving credit facility261,500 22,500 Repayments of borrowings on revolving credit facility(226,500)(52,500)Proceeds from issuance of long-term debt27,500 197,500 Repayments of long-term debt, including finance lease liabilities(7,082)(95,401)Payment of debt discount and deferred issuance costs— (2,430)Proceeds from exercise of stock options, net of employee taxes paid303 5,044 Contingent consideration payment— (375)Net cash provided by financing activities55,721 74,338 Net (decrease) increase in cash and cash equivalents(12,598)1,168 Cash and cash equivalents:Beginning of period33,312 49,961 End of period$20,714 $51,129 

The accompanying notes are an integral part of these consolidated financial statements.

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FIRST WATCH RESTAURANT GROUP, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS - continued

(IN THOUSANDS)

(Unaudited)THIRTY-NINE WEEKS ENDEDSEPTEMBER 28, 2025SEPTEMBER 29, 2024Supplemental cash flow information:Cash paid for interest, net of amounts capitalized$6,918 $5,943 Cash paid for income taxes, net of refunds$2,061 $2,952 Supplemental disclosures of non-cash investing and financing activities:Leased assets obtained in exchange for new operating lease liabilities (1)$104,097 $104,433 Leased assets obtained in exchange for new finance lease liabilities$9,536 $195 Remeasurements and terminations of operating lease assets and lease liabilities$5,620 $3,084 Remeasurements and terminations of finance lease assets and lease liabilities$(520)$(13)(Decrease) Increase in liabilities from acquisition of property, fixtures and equipment$(391)$3,044 

(1) Leased assets and liabilities obtained during the thirty-nine weeks ended September 28, 2025 and September 29, 2024 include $23.6 million and $28.1 million from business acquisitions, respectively.

The accompanying notes are an integral part of these consolidated financial statements.

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Table of ContentsFIRST WATCH RESTAUR