Company: FWRG
Filing Date: 2025-04-08
Form Type: ARS
Source: 0001789940-25-000033
Chunk: 96

Company: First Watch Restaurant Group, Inc.
Filing Date: 2025-04-08
Form: ARS
Chunk 96
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 borrowings on revolving credit facility $ 22,500 $ 30,000 $ — Repayments of long-term debt, including finance lease liabilities (96,793) (6,183) (2,389) Proceeds from exercise of stock options, net of employee taxes paid 6,429 5,827 1,425 Repayments of note payable — (1,376) (2,868) Note payable borrowing — — 1,892 Proceeds from issuance of long-term debt 197,500 — — Repayments of borrowings on revolving credit facility (52,500) — — Contingent consideration payment (375) (198) (78) Payment of debt discount and deferred issuance costs (2,430) — — Net cash provided by (used in) financing activities 74,331 28,070 (2,018) Net (decrease) increase in cash and cash equivalents and restricted cash (16,649) 38 (2,192) Cash and cash equivalents and restricted cash: Beginning of period 49,961 49,923 52,115 End of period $ 33,312 $ 49,961 $ 49,923 Supplemental cash flow information: Cash paid for interest, net of amounts capitalized $ 12,328 $ 8,725 $ 3,368 Cash paid for income taxes, net of refunds $ 3,108 $ 1,952 $ 915 Supplemental disclosures of non-cash investing and financing activities: Leased assets obtained in exchange for new operating lease liabilities(1) $ 129,105 $ 88,819 $ 45,979 Leased assets obtained in exchange for new finance lease liabilities $ 2,143 $ 249 $ 127 Remeasurements and terminations of operating lease assets and lease liabilities $ 5,797 $ (898) $ (2,563) Remeasurements and terminations of finance lease assets and lease liabilities $ 86 $ (48) $ (197) Increase in liabilities from acquisition of property, fixtures and equipment $ 2,825 $ 7,036 $ 2,463 (1) Leased assets and liabilities obtained in Fiscal 2024 and 2023 include $28.1 million and $24.0 million from business acquisitions. The accompanying notes are an integral part of these consolidated financial statements. 63

1. Nature of Business and Organization First Watch Restaurant Group, Inc. (collectively with its wholly-owned