Mister Car Wash Inc(NYSE:MCW) 
Website: https://mistercarwash.com/
Founded: 1969
Sector: Professional, Scientific, and Technical Services
Industry: Offices of Lawyers
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At a glance:
Bull Thesis:
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Income Statements:
Quarterly
Annual
| Unit: USD | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 |
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net revenues | 261,243,000 | 263,417,000 | 265,415,000 | 261,656,000 | 251,172,000 | 249,329,000 | 255,043,000 | 239,183,000 | 230,140,000 | 234,076,000 | 236,894,000 | 225,960,000 | 214,352,000 | 217,576,000 | 225,159,000 | 219,419,000 | |||
costs and expenses | |||||||||||||||||||
cost of labor and chemicals | 74,847,000 | 76,581,000 | 76,627,000 | 74,252,000 | 72,739,000 | 73,617,000 | 72,691,000 | 71,658,000 | 68,999,000 | 72,760,000 | 70,824,000 | 66,792,000 | 65,350,000 | 68,228,000 | 69,351,000 | 65,538,000 | 62,120,000 | 63,438,000 | 87,864,000 |
other store operating expenses | 108,626,000 | 109,531,000 | 108,850,000 | 109,667,000 | 105,722,000 | 102,607,000 | 99,543,000 | 96,803,000 | 93,400,000 | 90,514,000 | 90,337,000 | 89,466,000 | 83,241,000 | 82,343,000 | 79,029,000 | 77,801,000 | 71,180,000 | 68,435,000 | 65,363,000 |
general and administrative | 25,544,000 | 22,693,000 | 25,113,000 | 24,659,000 | 27,922,000 | 25,436,000 | 24,912,000 | 29,710,000 | 27,270,000 | 26,426,000 | 27,829,000 | 24,183,000 | 24,815,000 | 24,743,000 | 25,610,000 | 23,687,000 | 28,800,000 | 22,166,000 | 188,896,000 |
loss on sale of assets | 10,989,000 | 2,759,000 | 679,000 | 111,000 | 12,987,000 | -1,916,000 | 2,897,000 | 3,595,000 | 1,321,000 | -63,000 | -834,000 | -649,000 | 459,000 | -17,629,000 | 748,000 | -7,097,000 | |||
total costs and expenses | 220,006,000 | 211,564,000 | 211,269,000 | 208,689,000 | 219,370,000 | 199,744,000 | 200,043,000 | 196,638,000 | 193,264,000 | 191,021,000 | 184,262,000 | 180,378,000 | 175,793,000 | 174,665,000 | 170,844,000 | 167,485,000 | 144,471,000 | 154,787,000 | 335,026,000 |
operating income | 41,237,000 | 51,853,000 | 54,146,000 | 52,967,000 | 31,802,000 | 49,585,000 | 55,000,000 | 42,545,000 | 36,876,000 | 43,055,000 | 52,632,000 | 45,582,000 | 38,559,000 | 42,911,000 | 54,315,000 | 51,934,000 | 46,988,000 | 39,523,000 | -137,946,000 |
yoy | 29.67% | 4.57% | -1.55% | 24.50% | -13.76% | 15.17% | 4.50% | -6.66% | -4.36% | 0.34% | -3.10% | -12.23% | -17.94% | 8.57% | -139.37% | ||||
qoq | -20.47% | -4.23% | 2.23% | 66.55% | -35.86% | -9.85% | 29.27% | 15.37% | -14.35% | -18.20% | 15.47% | 18.21% | -10.14% | -21.00% | 4.58% | 10.53% | 18.89% | -128.65% | |
other expense | |||||||||||||||||||
interest expense | 13,634,000 | 14,054,000 | 15,172,000 | 16,023,000 | 18,557,000 | 20,653,000 | 20,254,000 | 20,024,000 | 19,961,000 | 19,100,000 | 18,295,000 | 17,748,000 | 14,867,000 | 10,100,000 | 8,762,000 | 8,166,000 | 6,008,000 | 5,717,000 | 13,740,000 |
loss on extinguishment of debt | 94,000 | 1,882,000 | 21,000 | 3,183,000 | |||||||||||||||
other income | -35,000 | -21,000 | -10,000 | -5,189,000 | |||||||||||||||
total other expense | 14,139,000 | 14,054,000 | 15,151,000 | 16,023,000 | 18,641,000 | 20,653,000 | 20,254,000 | 16,717,000 | 19,961,000 | 19,100,000 | 18,295,000 | 17,748,000 | 14,867,000 | 10,100,000 | 8,762,000 | 8,166,000 | 6,029,000 | 5,717,000 | 16,923,000 |
income before taxes | 27,098,000 | 37,799,000 | 38,995,000 | 36,944,000 | 13,161,000 | 28,932,000 | 34,746,000 | 25,828,000 | 16,915,000 | 23,955,000 | 34,337,000 | 27,834,000 | 23,692,000 | 32,811,000 | 45,553,000 | 43,768,000 | 40,959,000 | 33,806,000 | |
income tax provision | 7,027,000 | 10,388,000 | 10,400,000 | 9,944,000 | 3,992,000 | 6,590,000 | 12,655,000 | 9,191,000 | 4,538,000 | 4,470,000 | 7,205,000 | 6,698,000 | 5,936,000 | 8,814,000 | 9,894,000 | 8,280,000 | 4,654,000 | 6,440,000 | |
net income | 20,071,000 | 27,411,000 | 28,595,000 | 27,000,000 | 9,169,000 | 22,342,000 | 22,091,000 | 16,637,000 | 12,377,000 | 19,485,000 | 27,132,000 | 21,136,000 | 17,756,000 | 23,997,000 | 35,659,000 | 35,488,000 | 36,305,000 | 27,366,000 | -110,300,000 |
yoy | 118.90% | 22.69% | 29.44% | 62.29% | -25.92% | 14.66% | -18.58% | -21.29% | -30.29% | -18.80% | -23.91% | -40.44% | -51.09% | -12.31% | -132.33% | ||||
qoq | -26.78% | -4.14% | 5.91% | 194.47% | -58.96% | 1.14% | 32.78% | 34.42% | -36.48% | -28.18% | 28.37% | 19.04% | -26.01% | -32.70% | 0.48% | -2.25% | 32.66% | -124.81% | |
other comprehensive income, net of tax | |||||||||||||||||||
gain on interest rate swap | 21,000 | -266,000 | 350,000 | 93,750 | -1,795,000 | 301,000 | 1,869,000 | 941,000 | 54,000 | 28,000 | |||||||||
total comprehensive income | 19,694,000 | 27,145,000 | 28,945,000 | 12,377,000 | 19,485,000 | 27,132,000 | 21,136,000 | 17,381,000 | 22,202,000 | 35,960,000 | 37,357,000 | 37,246,000 | 27,420,000 | ||||||
earnings per share | |||||||||||||||||||
basic | 0.07 | 0.08 | 0.09 | 0.08 | 0.03 | 0.07 | |||||||||||||
diluted | 0.06 | 0.08 | 0.09 | 0.08 | 0.02 | 0.07 | |||||||||||||
weighted-average common shares outstanding | |||||||||||||||||||
basic | 326,253,814 | 327,389,467 | 325,561,496 | 324,200,282 | 320,031,984 | 321,917,525 | 319,415,156 | 315,838,788 | 311,035,122 | 312,883,586 | 309,314,858 | 307,291,909 | 303,372,095 | 304,290,590 | 302,666,291 | 300,931,453 | 280,215,579 | 296,360,660 | 264,274,968 |
diluted | 332,099,696 | 332,359,175 | 331,824,299 | 331,479,048 | 329,513,232 | 329,299,326 | 328,325,135 | 330,012,144 | 328,239,604 | 328,844,569 | 328,283,353 | 327,608,266 | 327,560,407 | 326,881,152 | 327,229,531 | 329,172,437 | 280,215,579 | 327,320,169 | 264,274,968 |
costs and expenses: | |||||||||||||||||||
other expense: | |||||||||||||||||||
earnings per share: | |||||||||||||||||||
basic | 0.07 | 0.08 | 0.09 | 0.08 | 0.03 | 0.07 | |||||||||||||
diluted | 0.06 | 0.08 | 0.09 | 0.08 | 0.02 | 0.07 | |||||||||||||
weighted-average common shares outstanding: | |||||||||||||||||||
basic | 326,253,814 | 327,389,467 | 325,561,496 | 324,200,282 | 320,031,984 | 321,917,525 | 319,415,156 | 315,838,788 | 311,035,122 | 312,883,586 | 309,314,858 | 307,291,909 | 303,372,095 | 304,290,590 | 302,666,291 | 300,931,453 | 280,215,579 | 296,360,660 | 264,274,968 |
diluted | 332,099,696 | 332,359,175 | 331,824,299 | 331,479,048 | 329,513,232 | 329,299,326 | 328,325,135 | 330,012,144 | 328,239,604 | 328,844,569 | 328,283,353 | 327,608,266 | 327,560,407 | 326,881,152 | 327,229,531 | 329,172,437 | 280,215,579 | 327,320,169 | 264,274,968 |
net income per share | |||||||||||||||||||
basic | 0.07 | 0.05 | 0.04 | 0.06 | 0.09 | 0.07 | 0.06 | 0.08 | 0.12 | 0.12 | 0.13 | 0.09 | -0.42 | ||||||
diluted | 0.07 | 0.05 | 0.03 | 0.06 | 0.08 | 0.06 | 0.05 | 0.07 | 0.11 | 0.11 | 0.13 | 0.08 | -0.42 | ||||||
gain on sale of assets | -1,533,000 | -4,728,000 | -3,146,000 | ||||||||||||||||
other comprehensive income, net of tax: | |||||||||||||||||||
revenues | 141,724,500 | 194,310,000 | 197,080,000 | ||||||||||||||||
loss before taxes | -154,869,000 | ||||||||||||||||||
income tax benefit | -44,569,000 | ||||||||||||||||||
other comprehensive loss, net of tax: | |||||||||||||||||||
total comprehensive loss | -110,272,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | |||||||||||||||||||
current assets | |||||||||||||||||||
cash and cash equivalents | 28,450,000 | 35,652,000 | 26,405,000 | 39,133,000 | 67,463,000 | 16,478,000 | 3,609,000 | 10,701,000 | 19,047,000 | 62,133,000 | 136,095,000 | 69,903,000 | 65,152,000 | 74,885,000 | 37,724,000 | 70,261,000 | 19,738,000 | 162,232,000 | 154,972,000 |
accounts receivable | 639,000 | 2,679,000 | 2,642,000 | 437,000 | 791,000 | 2,835,000 | 8,525,000 | 6,475,000 | 6,304,000 | 5,816,000 | 2,796,000 | 933,000 | 3,941,000 | 2,937,000 | 2,291,000 | 1,128,000 | 1,090,000 | 8,986,000 | 7,813,000 |
other receivables | 15,485,000 | 14,451,000 | 11,423,000 | 11,666,000 | 13,518,000 | 15,422,000 | 19,443,000 | 17,693,000 | 14,714,000 | 14,987,000 | 21,722,000 | 14,116,000 | 15,182,000 | 14,441,000 | 14,343,000 | 12,733,000 | 22,796,000 | ||
inventory | 5,485,000 | 5,384,000 | 5,414,000 | 5,237,000 | 5,728,000 | 5,491,000 | 5,859,000 | 7,647,000 | 8,952,000 | 9,222,000 | 8,273,000 | 8,228,000 | 9,174,000 | 8,888,000 | 7,102,000 | 7,000,000 | 6,334,000 | 5,633,000 | 6,407,000 |
prepaid expenses and other current assets | 9,619,000 | 10,598,000 | 11,792,000 | 9,241,000 | 11,590,000 | 12,559,000 | 13,220,000 | 10,220,000 | 11,805,000 | 13,026,000 | 12,506,000 | 10,767,000 | 12,618,000 | 11,247,000 | 14,312,000 | 9,858,000 | 8,766,000 | 12,879,000 | 8,843,000 |
total current assets | 59,678,000 | 68,764,000 | 57,676,000 | 65,714,000 | 99,090,000 | 52,785,000 | 50,656,000 | 52,736,000 | 60,894,000 | 105,291,000 | 181,530,000 | 104,017,000 | 106,137,000 | 112,460,000 | 75,817,000 | 101,154,000 | 58,844,000 | 190,002,000 | 181,403,000 |
property and equipment | 914,022,000 | 915,508,000 | 880,527,000 | 843,704,000 | 814,600,000 | 870,903,000 | 816,429,000 | 773,230,000 | 725,121,000 | 660,733,000 | 595,537,000 | 596,695,000 | 560,874,000 | 514,357,000 | 521,874,000 | 487,897,000 | 472,448,000 | 300,676,000 | 279,605,000 |
operating lease right of use assets | 942,664,000 | 901,631,000 | 905,229,000 | 918,624,000 | 924,896,000 | 857,861,000 | 844,564,000 | 836,528,000 | 833,547,000 | 829,790,000 | 813,924,000 | 776,496,000 | 776,689,000 | 763,427,000 | 727,107,000 | 716,745,000 | 718,533,000 | 699,274,000 | 696,134,000 |
other intangible assets | 110,822,000 | 111,119,000 | 111,577,000 | 112,041,000 | 112,507,000 | 113,139,000 | 114,385,000 | 116,023,000 | 117,667,000 | 119,341,000 | 120,546,000 | 122,122,000 | 123,615,000 | 125,781,000 | 127,110,000 | 128,052,000 | 129,820,000 | 124,522,000 | 125,642,000 |
goodwill | 1,134,830,000 | 1,134,734,000 | 1,134,734,000 | 1,134,734,000 | 1,134,734,000 | 1,134,734,000 | 1,134,734,000 | 1,134,734,000 | 1,134,734,000 | 1,135,506,000 | 1,109,815,000 | 1,109,815,000 | 1,109,815,000 | 1,107,072,000 | 1,100,963,000 | 1,060,766,000 | 1,060,221,000 | 759,770,000 | 755,524,000 |
other assets | 11,122,000 | 11,174,000 | 16,254,000 | 15,767,000 | 15,969,000 | 16,450,000 | 12,378,000 | 12,010,000 | 9,573,000 | 9,013,000 | 9,212,000 | 8,190,000 | 9,102,000 | 8,394,000 | 8,090,000 | 8,265,000 | 8,236,000 | 5,328,000 | 5,224,000 |
total assets | 3,173,138,000 | 3,142,930,000 | 3,105,997,000 | 3,090,584,000 | 3,101,796,000 | 3,045,872,000 | 2,973,146,000 | 2,925,261,000 | 2,881,536,000 | 2,859,674,000 | 2,830,564,000 | 2,717,335,000 | 2,686,232,000 | 2,631,491,000 | 2,560,961,000 | 2,502,879,000 | 2,448,102,000 | 2,079,572,000 | 2,043,532,000 |
liabilities and stockholders’ equity | |||||||||||||||||||
current liabilities | |||||||||||||||||||
accounts payable | 27,824,000 | 36,084,000 | 31,122,000 | 36,200,000 | 30,020,000 | 44,715,000 | 40,103,000 | 33,676,000 | 33,641,000 | 34,791,000 | 36,119,000 | 30,379,000 | 25,649,000 | 27,589,000 | 25,512,000 | 33,869,000 | 27,346,000 | 26,716,000 | 24,160,000 |
accrued payroll and related expenses | 25,074,000 | 30,164,000 | 21,990,000 | 28,180,000 | 27,116,000 | 30,265,000 | 21,105,000 | 23,512,000 | 19,771,000 | 22,200,000 | 17,216,000 | 20,036,000 | 17,218,000 | 19,976,000 | 15,000,000 | 20,484,000 | 16,963,000 | 19,943,000 | 20,069,000 |
other accrued expenses | 41,540,000 | 37,626,000 | 34,908,000 | 43,020,000 | 39,162,000 | 26,793,000 | 27,858,000 | 31,046,000 | 38,738,000 | 41,551,000 | 58,670,000 | 30,730,000 | 41,196,000 | 25,460,000 | 26,822,000 | 20,405,000 | 20,201,000 | 18,799,000 | 23,116,000 |
current maturities of long-term debt | 6,920,000 | 9,250,000 | 9,250,000 | 6,920,000 | |||||||||||||||
current maturities of operating lease liability | 53,625,000 | 52,330,000 | 51,020,000 | 50,127,000 | 48,986,000 | 47,195,000 | 46,091,000 | 44,850,000 | 43,979,000 | 42,898,000 | 42,029,000 | 41,279,000 | 40,367,000 | 39,336,000 | 38,548,000 | 37,889,000 | 37,345,000 | 36,218,000 | 35,545,000 |
current maturities of finance lease liability | 879,000 | 857,000 | 834,000 | 812,000 | 804,000 | 811,000 | 787,000 | 766,000 | 746,000 | 726,000 | 706,000 | 687,000 | 668,000 | 648,000 | 628,000 | 577,000 | 559,000 | 542,000 | 526,000 |
deferred revenue | 35,904,000 | 36,664,000 | 36,514,000 | 35,226,000 | 33,960,000 | 34,639,000 | 34,756,000 | 33,899,000 | 32,686,000 | 32,779,000 | 32,368,000 | 30,509,000 | 29,395,000 | 28,814,000 | 29,353,000 | 28,463,000 | 27,815,000 | 26,195,000 | 26,495,000 |
total current liabilities | 184,846,000 | 193,725,000 | 176,388,000 | 193,565,000 | 186,968,000 | 193,668,000 | 179,950,000 | 174,669,000 | 169,561,000 | 174,945,000 | 187,108,000 | 153,620,000 | 154,493,000 | 141,823,000 | 135,863,000 | 141,687,000 | 130,229,000 | 136,813,000 | 138,311,000 |
long-term debt | 796,893,000 | 827,231,000 | 849,055,000 | 853,881,000 | 909,094,000 | 897,424,000 | |||||||||||||
operating lease liability | 906,371,000 | 871,296,000 | 874,858,000 | 884,812,000 | 890,613,000 | 826,213,000 | 814,905,000 | 810,783,000 | 809,409,000 | 806,448,000 | 796,203,000 | 758,752,000 | 759,775,000 | 750,929,000 | 722,941,000 | 714,098,000 | 717,552,000 | 700,548,000 | 698,751,000 |
financing lease liability | 12,344,000 | 12,575,000 | 12,795,000 | 13,011,000 | 13,262,000 | 13,473,000 | 13,630,000 | 13,833,000 | 14,033,000 | 14,230,000 | 14,417,000 | 14,599,000 | 14,779,000 | 14,955,000 | 15,123,000 | 15,206,000 | 15,359,000 | 15,507,000 | 15,647,000 |
deferred tax liabilities | 137,547,000 | 130,554,000 | 118,988,000 | 109,225,000 | 101,741,000 | ||||||||||||||
other long-term liabilities | 2,124,000 | 2,392,000 | 2,930,000 | 2,195,000 | 1,766,000 | 4,570,000 | 4,477,000 | 4,396,000 | 4,417,000 | 6,044,000 | 6,271,000 | 6,577,000 | 6,832,000 | 7,043,000 | 7,418,000 | 7,659,000 | 8,871,000 | 4,222,000 | 5,760,000 |
total liabilities | 2,040,125,000 | 2,037,773,000 | 2,035,014,000 | 2,056,689,000 | 2,103,444,000 | 2,066,469,000 | 2,023,746,000 | 1,996,537,000 | 1,966,501,000 | 1,966,957,000 | 1,965,198,000 | 1,888,594,000 | 1,885,104,000 | 1,855,919,000 | 1,813,555,000 | 1,801,525,000 | 1,790,950,000 | 1,471,384,000 | 1,469,515,000 |
stockholders’ equity | |||||||||||||||||||
common stock, 0.01 par value... | 3,288,000 | 3,281,000 | 3,278,000 | 3,254,000 | 3,242,000 | 3,228,000 | 3,220,000 | 3,184,000 | 3,157,000 | 3,145,000 | 3,123,000 | 3,087,000 | 3,072,000 | 3,052,000 | 3,045,000 | 3,022,000 | 3,007,000 | 2,975,000 | 2,967,000 |
additional paid-in capital | 862,095,000 | 853,940,000 | 846,914,000 | 838,795,000 | 830,264,000 | 820,498,000 | 812,845,000 | 814,296,000 | 817,271,000 | 807,342,000 | 799,498,000 | 790,041,000 | 783,579,000 | 775,199,000 | 769,242,000 | 759,173,000 | 752,343,000 | 740,657,000 | 733,914,000 |
accumulated other comprehensive loss | -293,000 | -716,000 | -770,000 | ||||||||||||||||
retained earnings | 267,923,000 | 247,852,000 | 220,441,000 | 191,846,000 | 164,846,000 | 155,677,000 | 133,335,000 | 111,244,000 | 94,607,000 | 82,230,000 | 62,745,000 | 35,613,000 | 14,477,000 | ||||||
total stockholders’ equity | 1,133,013,000 | 1,105,157,000 | 1,070,983,000 | 1,033,895,000 | 998,352,000 | 979,403,000 | 949,400,000 | 928,724,000 | 915,035,000 | 892,717,000 | 865,366,000 | 828,741,000 | 801,128,000 | 775,572,000 | 747,406,000 | 701,354,000 | 657,152,000 | 608,188,000 | 574,017,000 |
total liabilities and stockholders’ equity | 3,173,138,000 | 3,142,930,000 | 3,105,997,000 | 3,090,584,000 | 3,101,796,000 | 3,045,872,000 | 2,973,146,000 | 2,925,261,000 | 2,881,536,000 | 2,859,674,000 | 2,830,564,000 | 2,717,335,000 | 2,686,232,000 | 2,631,491,000 | 2,560,961,000 | 2,502,879,000 | 2,448,102,000 | 2,079,572,000 | 2,043,532,000 |
accumulated other comprehensive income | 84,000 | 350,000 | 600,000 | 2,395,000 | 2,094,000 | 225,000 | |||||||||||||
current assets: | |||||||||||||||||||
current liabilities: | |||||||||||||||||||
stockholders’ equity: | |||||||||||||||||||
long-term portion of debt | 931,046,000 | 919,224,000 | 913,350,000 | 897,022,000 | 896,620,000 | 896,223,000 | 895,830,000 | 895,428,000 | 895,027,000 | 894,629,000 | 896,336,000 | 601,723,000 | 603,649,000 | ||||||
deferred tax liability | 97,499,000 | 91,560,000 | 79,506,000 | 68,268,000 | 64,579,000 | 58,823,000 | |||||||||||||
restricted cash | 72,000 | 107,000 | 138,000 | 70,000 | 70,000 | 62,000 | 45,000 | 174,000 | 120,000 | 272,000 | 3,368,000 | ||||||||
long-term deferred tax liabilities | 71,657,000 | ||||||||||||||||||
long-term deferred tax liability | 53,395,000 | 45,741,000 | 37,183,000 | 28,246,000 | 22,603,000 | 12,571,000 | 7,397,000 | ||||||||||||
accumulated deficit | -3,279,000 | -27,276,000 | -62,935,000 | -98,423,000 | -134,728,000 | -162,094,000 | |||||||||||||
current maturities of debt | 8,400,000 | 8,400,000 | |||||||||||||||||
commitments and contingencies |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities | ||||||||||||||||||
net income | 20,071,000 | 27,411,000 | 28,595,000 | 27,000,000 | 9,169,000 | 22,342,000 | 22,091,000 | 16,637,000 | 12,377,000 | 19,485,000 | 27,132,000 | 21,136,000 | 17,756,000 | 23,997,000 | 35,659,000 | 35,488,000 | 36,305,000 | 27,366,000 |
adjustments to reconcile net income to net cash from operating activities | ||||||||||||||||||
depreciation and amortization expense | 23,150,000 | 22,400,000 | 21,738,000 | 20,917,000 | 20,328,000 | 21,182,000 | 20,261,000 | 19,595,000 | 18,573,000 | 17,599,000 | 16,512,000 | 17,307,000 | 16,306,000 | 15,193,000 | 15,136,000 | 14,945,000 | 14,029,000 | 12,980,000 |
stock-based compensation expense | 6,740,000 | 6,573,000 | 6,477,000 | 6,843,000 | 6,720,000 | 6,691,000 | 5,906,000 | 6,246,000 | 6,358,000 | 6,289,000 | 5,993,000 | 5,361,000 | 5,346,000 | 5,461,000 | 5,979,000 | 5,519,000 | 6,287,000 | 6,751,000 |
loss on sale of assets | 10,989,000 | 2,759,000 | 679,000 | 111,000 | -63,000 | 459,000 | ||||||||||||
loss on extinguishment of debt | 94,000 | 0 | 0 | 1,882,000 | 21,000 | 0 | ||||||||||||
amortization of deferred debt issuance costs | 238,000 | 291,000 | 289,000 | 285,000 | 428,000 | 428,000 | 423,000 | 419,000 | ||||||||||
non-cash lease expense | 14,285,000 | 13,936,000 | 13,727,000 | 13,535,000 | 13,298,000 | 12,520,000 | 12,120,000 | 11,917,000 | 11,747,000 | 11,499,000 | 11,099,000 | 10,739,000 | 11,497,000 | 10,169,000 | 9,827,000 | 9,606,000 | 9,470,000 | 9,353,000 |
deferred income tax | 6,994,000 | 11,654,000 | 9,647,000 | 7,484,000 | 4,242,000 | 5,939,000 | 12,054,000 | 7,849,000 | 3,389,000 | 3,690,000 | 5,630,000 | 5,428,000 | 7,856,000 | 7,543,000 | 8,965,000 | 5,018,000 | 5,917,000 | 5,193,000 |
changes in assets and liabilities | ||||||||||||||||||
accounts receivable | 2,040,000 | -36,000 | -2,206,000 | 354,000 | 2,044,000 | 5,691,000 | -2,050,000 | -172,000 | -489,000 | -3,019,000 | -1,864,000 | 3,009,000 | -1,005,000 | -646,000 | -1,163,000 | 146,000 | 4,914,000 | -1,173,000 |
other receivables | -1,034,000 | 1,142,000 | -1,735,000 | 1,965,000 | 7,385,000 | -1,166,000 | -1,750,000 | -4,096,000 | 748,000 | 2,431,000 | -3,347,000 | 1,128,000 | -715,000 | -100,000 | -1,653,000 | 10,108,000 | ||
inventory | -70,000 | 30,000 | -176,000 | 490,000 | -237,000 | 368,000 | 1,788,000 | 1,305,000 | 269,000 | -817,000 | -41,000 | 946,000 | -230,000 | -1,739,000 | -27,000 | -665,000 | -310,000 | 809,000 |
prepaid expenses and other current assets | 428,000 | 540,000 | -1,387,000 | 2,356,000 | 970,000 | 662,000 | -2,970,000 | 1,703,000 | 1,218,000 | -541,000 | -1,717,000 | 1,850,000 | -1,866,000 | 671,000 | -4,030,000 | 901,000 | 3,281,000 | -4,036,000 |
accounts payable | -4,994,000 | 5,221,000 | -3,206,000 | 5,677,000 | -8,256,000 | 8,378,000 | 907,000 | 2,344,000 | -3,890,000 | -1,816,000 | 3,040,000 | 2,553,000 | -791,000 | 287,000 | 458,000 | 5,679,000 | -2,198,000 | -10,901,000 |
accrued expenses | -6,301,000 | 11,006,000 | -14,244,000 | 10,480,000 | -2,693,000 | 8,828,000 | -593,000 | 3,615,000 | -2,105,000 | 1,645,000 | 1,370,000 | 5,155,000 | -1,908,000 | 5,414,000 | -4,754,000 | 3,635,000 | -13,210,000 | -1,740,000 |
deferred revenue | -902,000 | 150,000 | 1,288,000 | 1,266,000 | -680,000 | -116,000 | 856,000 | 1,214,000 | -93,000 | 322,000 | 1,852,000 | 1,114,000 | 469,000 | -756,000 | 768,000 | 648,000 | 166,000 | -307,000 |
operating lease liability | -12,182,000 | -12,221,000 | -12,050,000 | -11,604,000 | -10,942,000 | -10,786,000 | -10,526,000 | -10,499,000 | -10,745,000 | -10,098,000 | -9,895,000 | -9,696,000 | -10,534,000 | -13,729,000 | -9,280,000 | -9,094,000 | -7,798,000 | -10,022,000 |
other noncurrent assets and liabilities | -21,000 | 499,000 | -608,000 | 391,000 | -4,944,000 | 1,093,000 | -402,000 | -427,000 | -2,213,000 | -54,000 | -1,354,000 | 631,000 | -946,000 | -706,000 | -91,000 | -1,268,000 | -1,501,000 | -1,587,000 |
net cash from operating activities | 59,971,000 | 91,355,000 | 46,828,000 | 87,550,000 | 49,780,000 | 79,958,000 | 60,892,000 | 57,990,000 | 39,167,000 | 48,364,000 | 50,105,000 | 67,017,000 | 43,748,000 | 50,838,000 | 53,071,000 | 81,544,000 | 20,045,000 | 33,634,000 |
capital expenditures | -76,745,000 | -65,542,000 | -58,031,000 | -55,081,000 | -70,183,000 | -96,800,000 | -81,252,000 | -81,844,000 | -109,432,000 | -90,824,000 | -55,809,000 | -72,059,000 | -59,601,000 | -55,615,000 | -46,384,000 | -30,015,000 | -39,434,000 | -42,136,000 |
free cash flows | -16,774,000 | 25,813,000 | -11,203,000 | 32,469,000 | -20,403,000 | -16,842,000 | -20,360,000 | -23,854,000 | -70,265,000 | -42,460,000 | -5,704,000 | -5,042,000 | -15,853,000 | -4,777,000 | 6,687,000 | 51,529,000 | -19,389,000 | -8,502,000 |
cash flows from investing activities | ||||||||||||||||||
purchases of property and equipment | -76,745,000 | -65,542,000 | -58,031,000 | -55,081,000 | -70,183,000 | -96,800,000 | -81,252,000 | -81,844,000 | -109,432,000 | -90,824,000 | -55,809,000 | -72,059,000 | -59,601,000 | -55,615,000 | -46,384,000 | -30,015,000 | -39,434,000 | -42,136,000 |
acquisition of car wash operations, net of cash | 672,000 | -46,905,000 | -21,170,000 | -18,494,000 | ||||||||||||||
proceeds from sale of property and equipment | 41,701,000 | 5,068,000 | 1,663,000 | 120,000 | 93,796,000 | 17,977,000 | 13,554,000 | 4,900,000 | 23,047,000 | 14,308,000 | 73,723,000 | 8,899,000 | 24,424,000 | 60,091,000 | 3,671,000 | 1,000 | 44,991,000 | 28,743,000 |
net cash from investing activities | -35,044,000 | -60,474,000 | -56,368,000 | -54,961,000 | 23,613,000 | -78,823,000 | -67,698,000 | -76,944,000 | -85,713,000 | -123,421,000 | 12,929,000 | -63,160,000 | -56,347,000 | -14,018,000 | -89,752,000 | -30,014,000 | -453,374,000 | -23,813,000 |
cash flows from financing activities | ||||||||||||||||||
proceeds from issuance of common stock under employee plans | 1,422,000 | 454,000 | 2,075,000 | 1,587,000 | 2,768,000 | 969,000 | 2,044,000 | 729,000 | 3,601,000 | 1,732,000 | 3,389,000 | 1,055,000 | 3,030,000 | 505,000 | ||||
payments of tax withholding on option exercises | 0 | 0 | ||||||||||||||||
proceeds from debt borrowings | 0 | 0 | 0 | 925,000,000 | ||||||||||||||
proceeds from revolving line of credit | 31,000,000 | 94,000,000 | 69,000,000 | 23,000,000 | ||||||||||||||
payments on debt borrowings | -31,000,000 | -22,000,000 | -5,000,000 | -62,307,000 | -2,307,000 | -2,312,000 | 0 | -901,201,000 | 0 | 0 | 0 | -2,100,000 | 0 | -2,100,000 | ||||
payments on revolving line of credit | -53,000,000 | -80,000,000 | -61,000,000 | -23,000,000 | ||||||||||||||
payments of deferred debt issuance costs | ||||||||||||||||||
principal payments on finance lease obligations | -208,000 | -198,000 | -194,000 | -193,000 | -196,000 | -190,000 | -182,000 | -180,000 | -176,000 | -168,000 | -163,000 | -161,000 | -156,000 | -147,000 | -140,000 | -134,000 | -131,000 | -124,000 |
other financing activities | 0 | |||||||||||||||||
net cash from financing activities | -32,182,000 | -21,744,000 | -3,119,000 | -60,913,000 | -22,405,000 | 11,735,000 | -257,000 | 10,652,000 | 3,425,000 | 1,064,000 | 2,874,000 | 358,000 | 4,015,000 | -953,000 | 290,683,000 | -5,657,000 | ||
net change in cash and cash equivalents and restricted cash during period | -7,255,000 | 9,137,000 | -12,659,000 | -28,324,000 | 50,988,000 | 12,870,000 | -7,063,000 | -8,302,000 | -73,993,000 | 66,260,000 | 4,751,000 | 37,178,000 | -32,666,000 | 50,577,000 | ||||
cash and cash equivalents and restricted cash at beginning of period | 0 | 0 | 0 | 67,612,000 | 0 | 0 | 0 | 19,119,000 | 0 | 0 | 65,222,000 | 0 | 0 | 19,858,000 | ||||
cash and cash equivalents and restricted cash at end of period | -7,255,000 | 9,137,000 | -12,659,000 | 39,288,000 | 50,988,000 | 12,870,000 | -7,063,000 | 10,817,000 | -73,993,000 | 66,260,000 | 69,973,000 | 37,178,000 | -32,666,000 | 70,435,000 | ||||
reconciliation of cash, cash equivalents, and restricted cash to the consolidated balance sheets | ||||||||||||||||||
cash and cash equivalents | -7,202,000 | 9,247,000 | -12,728,000 | 39,133,000 | 50,985,000 | 12,869,000 | -7,092,000 | 10,701,000 | ||||||||||
restricted cash, included in prepaid expenses and other current assets | -53,000 | -110,000 | 69,000 | 155,000 | 3,000 | 1,000 | 29,000 | 116,000 | ||||||||||
total cash, cash equivalents, and restricted cash | -7,255,000 | 9,137,000 | -12,659,000 | 39,288,000 | 50,988,000 | 12,870,000 | -7,063,000 | 10,817,000 | ||||||||||
supplemental disclosure of cash flow information | ||||||||||||||||||
cash paid for interest | 13,657,000 | 14,485,000 | 25,213,000 | 7,032,000 | 17,686,000 | 20,790,000 | 20,413,000 | 19,233,000 | 19,573,000 | 25,883,000 | 18,584,000 | 11,697,000 | 14,705,000 | 9,766,000 | 8,313,000 | 7,821,000 | 5,992,000 | 5,557,000 |
cash paid for income taxes | 245,000 | 92,000 | 2,144,000 | 60,000 | 262,000 | 86,000 | 1,917,000 | 264,000 | 1,812,000 | 909,000 | 1,349,000 | 151,000 | -195,000 | 625,000 | 860,000 | 2,435,000 | ||
supplemental disclosure of non-cash investing and financing activities | ||||||||||||||||||
property and equipment in accounts payable | -3,373,000 | -260,000 | -1,871,000 | 11,416,000 | -6,438,000 | -3,767,000 | 5,523,000 | 15,596,000 | 2,740,000 | 481,000 | 2,693,000 | 11,993,000 | -1,149,000 | 1,783,000 | -8,941,000 | 18,123,000 | 2,463,000 | 6,035,000 |
property and equipment accrued in other accrued expenses | 7,364,000 | -166,000 | -240,000 | 4,223,000 | 14,886,000 | -1,801,000 | ||||||||||||
stock option exercise proceeds in other receivables | 113,000 | 293,000 | -155,000 | 111,000 | 61,000 | 45,000 | ||||||||||||
payment of debt financing costs in other accrued expenses | -768,000 | 1,503,000 | ||||||||||||||||
cash flows from operating activities: | ||||||||||||||||||
adjustments to reconcile net income to net cash from operating activities: | ||||||||||||||||||
changes in assets and liabilities: | ||||||||||||||||||
cash flows from investing activities: | ||||||||||||||||||
cash flows from financing activities: | ||||||||||||||||||
reconciliation of cash, cash equivalents, and restricted cash to the consolidated balance sheets: | ||||||||||||||||||
supplemental disclosure of cash flow information: | ||||||||||||||||||
supplemental disclosure of non-cash investing and financing activities: | ||||||||||||||||||
non-cash interest income | ||||||||||||||||||
gain on sale of assets | -1,533,000 | 1,321,000 | ||||||||||||||||
amortization of debt issuance costs | 248,000 | 303,000 | 410,000 | 428,000 | 423,000 | 419,000 | ||||||||||||
acquisition of car wash operations, net of cash acquired | -458,931,000 | -10,420,000 | ||||||||||||||||
payments of deferred financing costs | -732,000 | -753,000 | -3,772,000 | 0 | ||||||||||||||
property and equipment in other accrued expenses | 4,234,000 | -13,279,000 | 23,749,000 | 5,969,000 | ||||||||||||||
reconciliation of cash, cash equivalents, and restricted cash to the condensed consolidated balance sheets | ||||||||||||||||||
proceeds from sale of property and equipment in other receivables | ||||||||||||||||||
payments for repurchases of common stock | -9,924,000 | 0 | 0 | |||||||||||||||
proceeds from issuance of common stock pursuant to initial public offering | 0 | 0 | ||||||||||||||||
proceeds from secondary public offering for employee tax withholdings | ||||||||||||||||||
tax withholdings paid on behalf of employees for secondary public offering | ||||||||||||||||||
payments of debt extinguishment costs | 0 | 0 | ||||||||||||||||
payments of issuance costs pursuant to initial public offering | 0 | -3,433,000 | ||||||||||||||||
net change in cash and cash equivalents, and restricted cash during period | -142,646,000 | 4,164,000 | ||||||||||||||||
cash and cash equivalents, and restricted cash at beginning of period | 0 | 0 | ||||||||||||||||
cash and cash equivalents, and restricted cash at end of period | -142,646,000 | 4,164,000 | ||||||||||||||||
net cash provided (used) by financing activities | 894,000 | |||||||||||||||||
proceeds from sale of oil change express | ||||||||||||||||||
non-cash property and equipment additions from financing obligations | ||||||||||||||||||
proceeds from issuance of common stock under employee plans in other receivables | ||||||||||||||||||
deferred offering costs in accounts payable and other accrued expenses | ||||||||||||||||||
proceeds from exercise of stock options | 1,281,000 | 4,851,000 | 0 | |||||||||||||||
repurchase of common stock in other accrued expenses | ||||||||||||||||||
deferred rent | ||||||||||||||||||
accretion of interest | ||||||||||||||||||
amortization of lease incentive obligation | ||||||||||||||||||
payments of dividends | ||||||||||||||||||
proceeds from secondary offering for employee tax withholdings | 0 | 5,985,000 | ||||||||||||||||
tax withholdings paid on behalf of employees for secondary offering | 0 | -5,985,000 | ||||||||||||||||
payments of debt issuance costs | ||||||||||||||||||
principal payments on capital lease obligations | ||||||||||||||||||
principal payments on financing obligations | ||||||||||||||||||
loss on disposal of property and equipment | 748,000 | |||||||||||||||||
amortization of deferred financing costs | 200,000 | |||||||||||||||||
issuance costs pursuant to initial public offering in accounts payable and other accrued expenses |