Chefs’ warehouse, inc. (CHEF)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
ASSETS
Current assets:
Cash and cash equivalents

193,517

140,233

21,479

24,294

17,317

42,410

49,857

39,593

45,074

41,504

4,071

37,004

35,806

32,862

26,191

48,251

2,745

2,454

1,485

2,371

1,960

3,328

5,157

14,710

26,128

20,014

54,616

2,310

1,235

118

2,194

2,436

2,045

2,033

1,544

1,419

1,978

Accounts receivable, net of allowance of $25,618 in 2020 and $8,846 in 2019

144,263

175,044

164,562

157,461

152,123

161,758

146,760

143,766

135,344

142,170

135,398

129,194

121,886

128,030

121,493

119,491

113,333

124,139

117,336

118,573

92,829

96,896

88,299

83,496

74,208

76,413

66,980

65,507

53,306

56,694

51,749

44,189

39,466

42,876

42,030

40,484

36,200

Inventories, net

129,999

124,056

122,225

122,592

113,540

112,614

110,073

115,902

101,523

102,083

109,862

96,247

91,152

87,498

88,979

91,257

91,266

92,758

92,992

91,948

71,046

75,528

70,553

67,015

64,399

64,710

57,271

55,855

39,230

40,402

37,719

27,419

23,122

23,873

19,260

19,312

16,441

Deferred taxes, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,502

5,318

5,022

-

4,721

4,722

4,529

3,500

3,635

3,691

3,282

2,708

2,362

3,714

2,301

2,839

1,631

1,453

1,423

1,448

1,559

1,738

1,651

Prepaid expenses and other current assets

24,914

13,823

17,172

12,650

12,216

11,953

11,530

9,686

8,328

11,083

11,564

11,813

12,184

16,101

23,090

21,865

8,791

9,164

10,077

8,766

7,480

9,755

11,091

8,383

5,561

16,250

7,010

6,035

5,103

5,452

6,754

3,879

3,093

3,364

4,650

2,363

3,608

Total current assets

492,693

453,156

325,438

316,997

295,196

328,735

318,220

308,947

290,269

296,840

260,895

274,258

261,028

264,491

265,255

286,182

221,157

228,515

226,611

226,380

177,844

189,007

178,735

177,295

173,578

180,095

188,239

133,421

101,175

105,505

100,047

79,376

69,149

73,594

69,043

65,316

59,878

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

2,071

5,578

6,208

7,587

8,433

11,008

11,004

11,002

-

-

-

-

-

Property, Plant and Equipment, Net

125,635

92,846

90,531

90,198

88,549

85,276

64,552

71,992

69,544

68,378

69,041

64,860

63,916

62,183

59,275

57,158

56,023

54,283

53,138

64,569

55,192

47,938

40,633

38,337

33,876

27,589

18,265

15,554

12,064

9,365

9,333

6,340

5,666

5,379

4,727

4,434

4,228

Operating lease right-of-use assets

127,255

127,649

131,675

128,922

118,792

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Software costs, net

-

-

-

-

-

-

13,686

5,104

5,560

6,034

5,114

5,422

5,842

5,927

6,337

6,757

4,725

4,511

5,033

5,264

5,100

5,358

4,701

1,998

2,115

2,265

158

214

269

328

379

428

345

355

348

324

373

Goodwill

212,510

197,743

197,731

193,526

195,546

184,280

181,991

181,996

177,133

173,202

172,943

167,227

166,625

163,784

163,806

155,263

155,848

155,816

155,083

149,745

78,449

78,508

77,532

79,217

78,814

78,026

66,934

69,073

59,210

45,359

43,219

30,780

20,590

20,590

16,447

16,447

11,479

Intangible assets, net

145,752

138,751

141,910

144,420

145,242

130,033

132,761

135,860

135,730

140,320

143,533

122,753

125,623

131,131

133,904

126,780

129,500

132,211

134,976

137,276

48,996

50,485

52,948

54,495

55,886

57,450

47,607

45,601

39,548

35,708

37,165

11,476

4,943

5,115

3,237

3,330

635

Other assets

3,069

3,534

3,614

3,688

3,787

4,074

4,093

4,196

3,005

2,975

3,024

3,120

6,054

6,022

3,703

3,443

3,286

4,467

5,232

5,225

4,753

4,897

3,683

3,506

3,754

3,755

3,846

3,872

2,809

2,861

2,678

2,815

1,406

1,444

1,512

3,923

3,717

Total assets

1,106,914

1,013,679

890,899

877,751

847,112

732,398

715,303

708,095

681,241

687,749

654,550

637,640

629,088

633,538

632,280

635,583

570,539

579,803

580,073

588,459

370,334

376,193

358,232

354,848

350,094

354,758

331,257

275,322

223,508

210,134

204,680

143,195

103,334

107,878

96,976

95,757

82,672

LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable

92,621

94,097

79,904

86,814

78,120

87,799

83,105

83,321

68,490

70,019

83,067

78,267

64,048

65,514

59,163

54,601

57,920

64,888

53,667

50,606

43,972

43,157

32,082

31,387

30,947

33,925

32,514

44,200

32,110

33,718

35,148

32,754

28,375

30,371

25,913

31,191

23,563

Accrued liabilities

29,477

29,847

28,196

24,787

22,872

24,810

22,300

22,066

21,259

21,871

16,871

17,279

17,521

17,546

22,064

20,643

23,554

24,258

20,256

16,869

15,594

19,522

16,420

17,007

17,583

15,803

10,961

8,213

7,218

5,291

3,689

2,632

3,702

3,839

3,526

3,748

3,686

Short-term operating lease liabilities

18,091

17,453

17,834

16,554

16,499

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued compensation

8,172

8,033

12,088

10,779

8,536

12,872

11,937

10,797

7,726

12,556

11,156

8,983

7,034

9,519

7,968

6,601

5,807

7,732

6,948

7,384

3,965

6,645

6,209

5,757

5,070

5,996

4,791

3,941

2,985

3,519

3,264

2,895

2,330

3,508

2,885

2,658

3,478

Current portion of long-term debt

4,069

721

328

304

1,804

61

30

3,219

3,432

3,827

4,224

4,621

15,764

14,795

13,615

13,285

4,701

6,266

7,585

7,331

7,580

7,736

7,252

7,080

7,091

6,867

6,545

7,091

6,177

5,175

5,173

4,612

6,111

6,107

6,000

20,812

16,945

Total current liabilities

152,430

150,151

138,350

139,238

127,831

125,542

117,372

119,403

100,907

108,273

115,318

109,150

104,367

107,374

102,810

95,130

91,982

103,144

88,456

82,190

71,111

77,060

61,963

61,231

60,691

62,591

54,811

63,445

48,490

47,703

47,274

42,893

40,518

43,825

38,324

58,409

47,672

Long-term debt, net of current portion

495,860

386,106

282,041

281,628

281,675

278,169

280,216

313,333

313,668

313,995

315,115

315,493

316,112

317,725

319,005

332,624

262,615

267,349

284,350

305,407

136,672

135,800

137,565

139,010

139,990

140,847

141,411

154,921

126,807

119,352

120,798

68,254

35,536

39,590

39,330

81,464

82,580

Operating lease liabilities

119,786

120,572

123,961

121,846

111,140

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred taxes, net

8,983

10,883

10,824

10,153

9,952

9,601

7,800

7,114

7,092

6,015

9,113

7,686

8,260

6,958

9,974

9,629

9,954

4,060

8,127

8,460

7,972

8,067

8,580

8,382

8,261

8,338

5,472

6,911

3,530

2,552

855

978

1,235

1,401

1,662

1,983

2,362

Other liabilities and deferred credits

10,238

10,034

13,122

7,491

8,091

10,410

11,770

12,146

10,986

10,865

10,528

7,989

7,726

7,721

16,254

15,645

16,183

17,286

17,576

15,405

6,876

8,472

8,929

8,946

8,284

10,917

2,640

2,581

2,525

1,245

1,142

1,028

820

893

924

1,024

1,232

Total liabilities

787,297

677,746

568,298

560,356

538,689

423,722

417,158

451,996

432,653

439,148

450,074

440,318

436,465

439,778

448,043

453,028

380,734

391,839

398,509

411,462

222,631

229,399

217,037

217,569

217,226

222,693

204,334

227,858

181,352

170,852

169,214

112,175

76,874

84,308

78,578

140,897

131,484

Commitments and contingencies

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

-

0

0

-

0

0

0

0

-

0

-

0

0

0

0

0

Stockholders’ equity:
Preferred Stock - $0.01 par value, 5,000,000 shares authorized, no shares issued and outstanding at March 27, 2020 and December 27, 2019

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

0

0

0

0

-

0

-

0

0

0

0

0

Common Stock, - $0.01 par value, 100,000,000 shares authorized, 30,989,742 and 30,341,941 shares issued and outstanding at March 27, 2020 and December 27, 2019, respectively

310

304

303

303

300

300

300

287

287

284

266

264

264

263

263

263

263

263

263

263

251

250

251

250

250

250

250

212

212

210

210

209

209

208

208

160

0

Additional paid-in capital

210,381

212,240

209,868

209,016

207,911

207,326

206,304

168,332

167,359

166,997

132,405

128,473

127,683

127,180

126,528

126,117

125,433

125,170

124,451

124,193

98,068

97,966

97,518

97,417

97,095

96,973

96,647

21,530

21,230

21,005

20,793

20,164

20,063

19,806

19,844

-45,300

0

Accumulated other comprehensive loss

-2,426

-2,048

-2,119

-2,048

-2,166

-2,221

-2,848

-2,752

-2,471

-1,549

-1,581

-1,950

-2,185

-2,186

-1,915

-1,843

-2,364

-2,949

-1,975

-1,061

-854

-693

-646

-253

-521

-214

-195

-337

-

-

-

-

-

-

-

-

-

Retained earnings

111,352

125,437

114,549

110,124

102,378

103,271

94,389

90,232

83,413

82,869

73,386

70,535

66,861

68,503

59,361

58,018

66,473

65,480

58,825

53,602

50,238

49,271

44,072

39,865

36,044

35,056

30,221

26,059

20,714

18,067

14,463

10,647

6,188

3,556

-1,654

-

0

Total stockholders’ equity

319,617

335,933

322,601

317,395

308,423

308,676

298,145

256,099

248,588

248,601

204,476

197,322

192,623

193,760

184,237

182,555

189,805

187,964

181,564

176,997

147,703

146,794

141,195

137,279

132,868

132,065

126,923

47,464

42,156

39,282

35,466

31,020

26,460

23,570

18,398

-45,140

-48,812

Total liabilities and stockholders’ equity

1,106,914

1,013,679

890,899

877,751

847,112

732,398

715,303

708,095

681,241

687,749

654,550

637,640

629,088

633,538

632,280

635,583

570,539

579,803

580,073

588,459

370,334

376,193

358,232

354,848

350,094

354,758

331,257

275,322

223,508

210,134

204,680

143,195

103,334

107,878

96,976

95,757

82,672