Company: CAVA
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001628280-25-007882
Chunk: 172

Company: CAVA GROUP, INC.
Filing Date: 2025-02-26
Form: 10-K
Item: Item 1
Chunk 172
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The accompanying notes are an integral part of these consolidated financial statements.

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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)(1,496)Prepaid expenses and other(3,362)60 (318)Operating lease assets(32,494)(20,521)(34,187)Accounts payable8,903 2,549 336 Accrued expenses and other10,791 19,123 (2,906)Operating lease liabilities42,547 25,516 38,987 Net cash provided by operating activities161,027 97,101 6,038 Cash flows from investing activities: Purchases of property and equipment(108,131)(138,806)(104,161)Net cash used in investing activities(108,131)(138,806)(104,161)Cash flows from financing activities:Proceeds from long-term debt— 6,000 — Payments on long-term debt— (6,000)— Tax withholding on equity-based compensation awards(24,650)(3,108)(911)Shares purchased under equity plans5,491 1,353 37 Proceeds from initial public offering, net of underwriting fees of $22.8 million— 342,604 — Offering costs paid— (5,384)(1,109)Payment of loan acquisition fees— (372)(986)Payments on finance lease obligations(45)(85)(115)Net cash (used in) provided by financing activities(19,204)335,