← Portillo's Inc.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Net income | $5.6m |
$12.3m
+120.76%
|
($13.4m)
-209.40%
|
$17.2m
+227.88%
|
$24.8m
+44.65%
|
$35.1m
+41.33%
|
$21.1m
-39.87%
|
$13.7m
-35.02%
|
|
| Depreciation and amortization | $24.4m | $24.6m | $23.3m | $20.9m | $24.3m | $27.3m | $29.1m | $31.1m | |
| Amortization of debt issuance costs and discount | $2.8m | $3.9m | $3.6m | $2.8m | $1.0m | $873k | $692k | — | |
| Deferred income tax expense | — | — | — | $1.8m | $3.2m | $6.8m | $3.0m | ($2.1m) | |
| Asset impairment | — | — | — | $0 | $0 | $657k | $2.2m | $2.2m | |
| Accounts receivables | $33k | ($753k) | ($777k) | $191k | ($679k) | $862k | ($1.5m) | ($622k) | |
| Receivables from related parties | $414k | $280k | ($152k) | $96k | ($82k) | ($46k) | $25k | — | |
| Inventories | ($141k) | ($1.2m) | ($1.0m) | ($1.3m) | ($1.3m) | $818k | ($292k) | ($1.0m) | |
| Accounts payable | ($1.8m) | $1.4m | $1.8m | ($3.6m) | $209k | $11.3m | $316k | $7.9m | |
| Accrued expenses and other liabilities | $7.2m | $6.6m | ($4.5m) | $1.6m | $3.0m | $1.8m | $310k | — | |
| Accrued capital expenditures | $1.1m | $5.0m | $2.2m | $9.8m | $12.7m | $13.5m | $11.2m | — | |
| Other current assets | $1.8m | ($416k) | ($2.9m) | $914k | ($3.6m) | $357k | $221k | $9.7m | |
| Other assets and liabilities | ($1.0m) | $5.5m | ($128k) | ($14k) | ($2.3m) | ($258k) | $1.6m | — | |
| Other | — | — | — | — | $81k | $77k | $242k | — | |
| NET CASH PROVIDED BY OPERATING ACTIVITIES | $43.3m |
$58.3m
+34.50%
|
$42.9m
-26.42%
|
$56.9m
+32.69%
|
$70.8m
+24.42%
|
$98.0m
+38.51%
|
$71.9m
-26.65%
|
$78.3m
+8.95%
|
|
| Purchase of property and equipment | ($22.0m) | ($21.5m) | ($36.2m) | ($47.1m) | ($87.9m) | ($88.2m) | ($90.4m) | ($87.5m) | |
| NET CASH USED IN INVESTING ACTIVITIES | ($22.0m) | ($21.4m) | ($36.3m) | ($47.0m) | ($87.8m) | ($88.1m) | ($90.2m) | ($87.1m) | |
| Loss on debt extinguishment | $0 | $0 | $7.3m | $0 | $3.5m | $0 | $0 | — | |
| Proceeds from short-term debt, net | — | — | $0 | $0 | $15.0m | $10.0m | $65.0m | — | |
| Proceeds from long-term debt | $464.1m | $0 | $0 | $0 | $300.0m | $0 | $0 | — | |
| Payments of long-term debt | ($471.8m) | ($13.3m) | ($158.3m) | ($3.3m) | ($328.1m) | ($5.6m) | ($41.9m) | — | |
| NET CASH PROVIDED BY (USED) IN FINANCING ACTIVITIES | ($11.7m) |
($18.0m)
-53.98%
|
($8.8m)
+51.34%
|
($4.7m)
+46.40%
|
($16.9m)
-259.66%
|
$2.5m
+114.83%
|
$15.4m
+511.82%
|
$13.4m
-12.92%
|
|
| NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH | $9.6m | $18.8m | ($2.2m) | $5.2m | ($34.0m) | $12.4m | ($2.9m) | ||
| CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF THE PERIOD | $22.6m | $41.4m | $39.3m | $44.4m | $10.4m | $22.9m | $20.0m | ||
| Additional Supplementary Disclosures | |||||||||
| Additional Supplementary Disclosures | |||||||||
| Loss on sales of assets | $271k | $98k | $256k | $398k | $592k | $528k | $434k | — | |
| Equity-based compensation | $1.3m | $960k | $29.4m | $16.1m | $15.5m | $11.2m | $6.5m | — | |
| Tax Receivable Agreement liability adjustment | — | $0 | $0 | ($5.3m) | ($3.3m) | ($9.1m) | ($2.9m) | — | |
| Gift card breakage | ($774k) | ($700k) | ($715k) | ($798k) | ($917k) | ($852k) | ($857k) | — | |
| Operating lease assets | — | $0 | $0 | $6.8m | $7.4m | $8.5m | $9.7m | — | |
| Operating lease liabilities | — | $0 | $0 | ($2.4m) | ($2.0m) | ($3.2m) | ($2.9m) | — | |
| Deferred lease incentives | $400k | $2.3m | $690k | $1.7m | $1.5m | $5.6m | $5.3m | — | |
| Proceeds from equity offering, net of underwriting discounts | $0 | $0 | $437.1m | $365.0m | $179.3m | $115.0m | $0 | — | |
| Repurchase of outstanding equity / Portillo's OpCo units | $0 | $0 | ($57.0m) | ($365.0m) | ($179.3m) | ($115.0m) | $0 | — | |
| Distributions paid to non-controlling interest holders | $36.5m | $34.3m | $0 | $0 | ($399k) | ($838k) | ($1.3m) | — | |
| Proceeds from stock option exercises | — | $0 | $0 | $1.9m | $1.9m | $4.3m | $2.7m | — | |
| Employee withholding taxes related to net settled equity awards | — | $0 | $0 | ($2.6m) | ($1.5m) | ($1.4m) | ($1.0m) | — | |
| Proceeds from Employee Stock Purchase Plan purchases | — | $0 | $0 | $129k | $527k | $508k | $453k | — | |
| Payments of Tax Receivable Agreement liability | — | — | $0 | $0 | ($813k) | ($4.4m) | ($7.7m) | — | |
| Payment of deferred financing costs | ($13.3m) | $0 | $0 | $0 | ($3.6m) | $0 | ($1.3m) | — | |
| Contributions from non-controlling interests | — | — | — | — | $0 | $0 | $350k | — | |
| Interest paid | $36.5m | $34.3m | $43.5m | $24.0m | $28.3m | $19.4m | $22.9m | $22.2m | |
| Income tax paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Establishment of liabilities under Tax Receivable Agreement | $0 | $0 | $156.6m | $101.5m | $51.2m | $38.3m | $38.5m | — |