Company: UTZ
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001739566-25-000153
Chunk: 8

Company: Utz Brands, Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 1
Chunk 8
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Item 1. FINANCIAL STATEMENTS

Utz Brands, Inc.

CONSOLIDATED BALANCE SHEETS

June 29, 2025 and December 29, 2024

(In millions, except share information)

 As ofJune 29, 2025As of December 29, 2024 (Unaudited)ASSETSCurrent AssetsCash and cash equivalents$54.6 $56.1    Accounts receivable, less allowance of $3.6 and $3.3, respectively161.3 119.9 Inventories125.5 101.4 Prepaid expenses and other assets44.0 35.3 Current portion of notes receivable5.1 4.6 Total current assets390.5 317.3 Non-current AssetsProperty, plant and equipment, net389.7 345.2 Goodwill870.7 870.7 Intangible assets, net983.0 996.5 Non-current portion of notes receivable11.5 9.2 Other assets191.9 189.5 Total non-current assets2,446.8 2,411.1 Total assets$2,837.3 $2,728.4 LIABILITIES AND EQUITYCurrent LiabilitiesCurrent portion of term debt$23.2 $16.1 Current portion of other notes payable7.0 6.9 Accounts payable188.5 151.0 Accrued expenses and other75.1 78.3 Current portion of warrant liability9.5 33.0 Total current liabilities303.3 285.3 Non-current portion of term debt and revolving credit facility842.7 752.5 Non-current portion of other notes payable16.8 15.0 Non-current accrued expenses and other174.0 164.2 Deferred tax liability122.6 123.7 Total non-current liabilities1,156.1 1,055.4 Total liabilities1,459.4 1,340.7 Commitments and ContingenciesEquity Shares of Class A Common Stock, $0.0001 par value; 1,000,000,000 shares authorized; 86,145,254 and 83,537,542 shares issued and outstanding as of June 29, 2025 and December 29, 2024, respectively—