Company: MCW
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000950170-25-024533
Chunk: 64

Company: Mister Car Wash, Inc.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 1B
Chunk 64
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 a broad range of insurance coverage, including general and business auto liability, commercial property, workers’ compensation, cyber risk, and general umbrella policies. We record receivables from our non-healthcare insurance carriers related to these insurance claims, which are included in other receivables. The receivables are paid when the claim is finalized and the reserved amounts on these claims are expected to be paid within one year.

          As of

          December 31, 2024

          December 31, 2023

          Payroll tax withholding and exercise proceeds receivable
           
          $
          834

          $
          —

          Construction receivable

          4,584

          6,480

          Income tax receivable

          1,864

          3,051

          Insurance receivable

          4,250

          3,686

          Other

          1,986

          1,497

          Total other receivables
           
          $
          13,518

          $
          14,714

        Inventory, NetInventory, net consists primarily of chemical washing solutions and is stated at the lower of cost or net realizable value using the average cost method. The activity in the reserve for obsolescence accounts was immaterial for the years ended December 31, 2024, 2023 and 2022.Inventory for the periods presented is as follows:

          As of

          December 31, 2024

          December 31, 2023

          Chemical washing solutions
           
          $
          5,831

          $
          9,135

          Other

          14

          -

          Total inventory, gross

          5,845

          9,135

          Reserve for obsolescence

          (117
          )

          (183
          )

          Total inventory, net
           
          $
          5,728

          $
          8,952

        Property and Equipment, NetProperty and equipment purchased are stated at cost less accumulated depreciation. Assets acquired in business combinations are recorded at fair value. Depreciation and amortization are recorded using the straight-line method over the estimated useful lives of the property or related lease term. Amortization of assets under finance leases is included in depreciation expense. Estimated useful lives range from 10 to 40 years for buildings and leasehold improvements, and from 3 to 7 years for machinery and equipment.Expenditures for repairs