Company: CAVA
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001628280-25-007882
Chunk: 239

Company: CAVA GROUP, INC.
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 239
---
— — 336,110 — 336,111 Conversion of preferred stock(95,204)(662,308)95,204 10 — — 662,299 — 662,309 Net income— — — — — — — 13,280 13,280 Balance—December 31, 2023— $— 113,708 $11 1,086 $(9,727)$1,028,181 $(447,663)$570,802 Equity-based compensation— — — — — — 13,603 — 13,603 Shares purchased under equity plans— — 830 — — — 5,491 — 5,491 RSU vesting— — 900 1 — — — — 1 Tax withholding on equity-based compensation awards— — (345)— 345 (24,650)— — (24,650)Net income— — — — — — — 130,319 130,319 Balance—December 29, 2024— $— 115,093 $12 1,431 $(34,377)$1,047,275 $(317,344)$695,566 The accompanying notes are an integral part of these consolidated financial statements.

65

CAVA GROUP, INC.CONSOLIDATED STATEMENTS OF CASH FLOWSFiscal Year Ended(in thousands)December 29,2024December 31,2023December 25,2022Cash flows from operating activities:Net income (loss)$130,319 $13,280 $(58,987)Adjustments to reconcile net income (loss) to net cash provided by operating activities:Depreciation60,355 47,406 37,086 Amortization of intangible assets— 27 5,638 Equity-based compensation13,603 9,360 3,803 Deferred income taxes(71,616)50 5 Impairment and asset disposal costs5,055 4,899 19,753 Changes in operating assets and liabilities:Trade accounts receivable(1,137)(835)(50)Other accounts receivable26 (3,315)(1,626)Inventories(1,963)(498)(1