Company: CHEF
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0001517175-25-000008
Chunk: 10

Company: Chefs' Warehouse, Inc.
Filing Date: 2025-04-30
Form: 10-Q
Item: Item 1
Chunk 10
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ITEM 1. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

THE CHEFS’ WAREHOUSE, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

 (Unaudited)

(Amounts in thousands, except share data)

March 28, 2025 December 27, 2024ASSETS  Current assets:  Cash and cash equivalents$116,530 $114,655 Accounts receivable, net of allowances ($23,702 in 2025, $22,341 in 2024)335,846 366,311 Inventories316,849 316,014 Prepaid expenses and other current assets65,791 71,063 Total current assets835,016 868,043 Property and equipment, net294,255 275,781 Operating lease right-of-use assets192,357 191,423 Goodwill356,343 356,298 Intangible assets, net154,302 160,383 Other assets6,303 6,763 Total assets$1,838,576 $1,858,691 LIABILITIES AND STOCKHOLDERS’ EQUITY  Current liabilities:  Accounts payable$249,545 $266,775 Accrued liabilities73,897 68,538 Short-term operating lease liabilities21,898 21,965 Accrued compensation41,651 50,078 Current portion of long-term debt20,269 18,040 Total current liabilities407,260 425,396 Long-term debt, net of current portion681,078 688,744 Operating lease liabilities188,647 187,079 Deferred taxes, net16,066 15,891 Other liabilities3,885 3,935 Total liabilities1,296,936 1,321,045 Commitments and contingenciesStockholders’ equity:  Preferred Stock - $0.01 par value, 5,000,000 shares authorized, no shares issued and outstanding at March 28, 2025 and December 27, 2024, respectively— — Common Stock - $0.01 par value, 100,000,000 shares authorized, 40,674,391 and 40,248,884 shares issued and outstanding at March 28, 2025 and December 27, 2024, respectively406 402 Additional paid-in capital