v3.25.1
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Mar. 30, 2025
Dec. 29, 2024
CURRENT ASSETS:    
Cash and cash equivalents and restricted cash $ 12,936 $ 22,876
Accounts and tenant improvement receivables 14,283 14,794
Inventories 6,675 7,915
Prepaid expenses 7,963 7,066
Total current assets 41,857 52,651
Property and equipment, net 366,132 358,975
Operating lease assets 228,114 222,390
Goodwill 394,298 394,298
Trade names 223,925 223,925
Other intangible assets, net 25,421 26,098
Equity method investment 15,942 16,056
Deferred tax assets 196,049 197,409
Other assets 7,558 8,284
Total other assets 863,193 866,070
TOTAL ASSETS 1,499,296 1,500,086
CURRENT LIABILITIES:    
Accounts payable 33,109 45,516
Current portion of long-term debt 4,688 11,250
Current portion of Tax Receivable Agreement liability 9,007 7,686
Short-term debt 73,000 25,000
Deferred revenue 5,319 7,032
Short-term lease liability 6,543 6,013
Accrued expenses 34,244 33,072
Total current liabilities 165,910 135,569
LONG-TERM LIABILITIES:    
Long-term debt, net of current portion 242,147 275,422
Tax Receivable Agreement liability 307,239 316,893
Long-term lease liability 285,223 278,540
Other long-term liabilities 3,371 3,559
Total long-term liabilities 837,980 874,414
Total liabilities 1,003,890 1,009,983
COMMITMENTS AND CONTINGENCIES (NOTE 13)
STOCKHOLDERS' EQUITY:    
Preferred stock, $0.01 par value per share, 10,000,000 shares authorized, none issued or outstanding 0 0
Additional paid-in-capital 359,798 357,295
Retained earnings 46,442 43,129
Total stockholders' equity attributable to Portillo's Inc. 406,879 401,061
Non-controlling interest 88,527 89,042
Total stockholders' equity 495,406 490,103
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 1,499,296 1,500,086
Class A Common Stock    
STOCKHOLDERS' EQUITY:    
Common stock 639 637
Class B Common Stock    
STOCKHOLDERS' EQUITY:    
Common stock $ 0 $ 0