Company: MCW
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000950170-25-024533
Chunk: 90

Company: Mister Car Wash, Inc.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 1B
Chunk 90
---
 Supplemental Pro Forma InformationThe following table presents unaudited supplemental pro forma information for the periods presented as if the business combinations had occurred on January 1, 2022:

        Year Ended December 31,

        2023

        2022

        Net revenues
         
        $
        12,655

        $
        9,340

        Net income
         
        $
        2,807

        $
        355

      The pro forma results presented above primarily include amortization charges for acquired intangible assets, depreciation adjustments for property and equipment that has been revalued, adjustments for certain acquisition-related charges, and the related tax effects. The pro forma information is presented for information purposes only and is not indicative of the results of operations that would have been achieved if the acquisitions had taken place at such time.For the year ended December 31, 2023 the revenues and earnings of the acquisitions reflected in the accompanying consolidated statements of operations were $6,415 and $1,356, respectively.

17. Related-Party Transactions For the years ended December 31, 2024, 2023, and 2022, total fees and expenses paid by the Company to Leonard Green Partners (“LGP”), the majority owner of the Company were not material. Fees and expenses paid to LGP are included in general and administrative expenses in the accompanying consolidated statements of operations.

18. Commitments and ContingenciesLitigationFrom time to time, we are party to pending or threatened lawsuits arising out of or incident to the ordinary course of business. We carry professional and general liability insurance coverage and other insurance coverages. In the opinion of management and upon consultation with legal counsel, none of the pending or threatened lawsuits will have a material effect upon the consolidated financial position, operations, or cash flows of the Company.Class Action LitigationOn February 14, 2023, a plaintiff filed a purported class action lawsuit in the Stanislaus County Superior Court, California, on behalf of all non-exempt employees employed by Defendants Prime Shine LLC, a wholly-owned subsidiary of the Company, in California any time between February 14, 2019, and the present, against Prime Shine, LLC and Does 1 – 20 inclusive.  Plaintiff alleges eight claims for violations of the California Labor Code and one claim for violation of the California Business and Professions Code.  On June 13, 2023, Plaintiff filed a First Amended Complaint to add a claim for penalties pursuant to the