Stock Analysis on Net
Stock Analysis on Net

Chipotle Mexican Grill Inc. (NYSE:CMG)

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Common-Size Balance Sheet: Liabilities and Stockholders’ Equity

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Chipotle Mexican Grill Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Accounts payable
Workers’ compensation liability
Accrued payroll, bonuses and taxes
Accrued employer payroll taxes, deferred pursuant to the CARES Act
Other accrued payroll and benefits
Accrued payroll and benefits
Sales and use tax payable
General, product and automobile insurance reserves
Other accrued liabilities
Accrued liabilities
Unearned revenue
Current operating lease liabilities
Current liabilities
Long-term operating lease liabilities
Deferred income tax liabilities
Other liabilities
Long-term liabilities
Total liabilities
Preferred stock, $0.01 par value, no shares issued
Common stock, $0.01 par value
Additional paid-in capital
Treasury stock, at cost
Accumulated other comprehensive loss
Retained earnings
Shareholders’ equity
Total liabilities and shareholders’ equity

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

Accounts payable
There is a gradual increase from 2.04% in 2020 to a peak of 2.66% in 2022, followed by a decline to 2.29% by 2024, indicating a slight reduction in short-term obligations relative to total liabilities and equity.
Workers’ compensation liability
This liability shows a steady decline from 0.46% in 2020 to 0.38% by 2023 and remains stable into 2024, suggesting improved risk management or reduced related claims.
Accrued payroll, bonuses and taxes
A marked increase is observed, more than tripling from 0.7% in 2020 to 2.13% in 2024, which could reflect higher payroll liabilities or increased accruals for employee compensation.
Accrued employer payroll taxes, deferred pursuant to the CARES Act
This liability was recognized only in 2020 at 1.18%, with no subsequent data, indicating a one-time impact likely related to pandemic-related deferrals.
Other accrued payroll and benefits
Shows a decreasing trend from 1.05% in 2020 to about 0.34% in 2024, indicating a reduction in other payroll-related accruals.
Accrued payroll and benefits
This aggregate measure declines from 3.39% in 2020 to 2.44% in 2021, then climbs back to 2.85% by 2024, signaling some variability in total payroll-related liabilities.
Sales and use tax payable
A slight upward trend is seen, increasing from 0.44% in 2020 to a peak of 0.52% in 2023, then marginally decreasing to 0.51% in 2024, suggesting relatively stable tax liabilities.
General, product and automobile insurance reserves
There is a consistent decline from 0.86% in 2020 to 0.37% in 2024, indicating lower insurance reserve liabilities over time.
Other accrued liabilities
This category decreases from 1.45% in 2020 to 0.94% in 2023, followed by a slight recovery to 1.07% in 2024.
Accrued liabilities
Overall, a downward trend from 2.75% in 2020 to 1.84% in 2023 with a minor increase to 1.95% in 2024 reflects tightening control over these liabilities.
Unearned revenue
An upward movement from 2.14% in 2020 to 2.64% in 2022 is followed by a slight decrease to 2.59% in 2024, denoting greater deferred revenue recognition during earlier years and stabilization thereafter.
Current operating lease liabilities
These liabilities decrease from 3.42% in 2020 to 3.02% in 2024, showing a modest reduction in short-term lease obligations.
Current liabilities
A slight decline from 13.74% in 2020 to 12.7% in 2024 demonstrates a reduction in overall short-term obligations relative to total financing.
Long-term operating lease liabilities
Stable around 49% to 50% until 2022, then decreasing to 46.31% by 2024, reflecting a gradual decrease in long-term lease commitments or reclassification of lease obligations.
Deferred income tax liabilities
A notable decline from 2.5% in 2020 to 0.5% in 2024, indicating reduced deferred tax obligations.
Other liabilities
Gradual increase from 0.65% in 2020 to 0.77% in 2024, suggesting a slight rise in miscellaneous liabilities.
Long-term liabilities
Declined steadily from 52.49% in 2020 to 47.59% in 2024, consistent with the reduction seen in lease and tax liabilities.
Total liabilities
Overall total liabilities decrease from 66.23% in 2020 to 60.28% in 2024, reflecting the company's gradual reduction in leverage.
Common stock
Remains close to zero except for a slight increase to 0.15% in 2024, indicating minimal changes in par value stock composition.
Additional paid-in capital
Decreased from 25.91% in 2020 to 22.58% in 2024, showing a decline in capital contributions beyond par value.
Treasury stock
Substantial increase in the negative value from -46.83% in 2020 to -61.81% in 2022, with data missing for 2024, indicating increased share repurchases resulting in greater treasury stock deductions.
Accumulated other comprehensive loss
Relatively stable, fluctuating mildly around -0.07% to -0.11%, indicating consistent small-scale comprehensive losses.
Retained earnings
Growth from 54.76% in 2020 to 75.29% in 2023 followed by a sharp drop to 17.1% in 2024 suggests a significant event affecting earnings retention, such as a large dividend, loss, or accounting adjustment.
Shareholders’ equity
Increases from 33.77% in 2020 to 39.72% in 2024, reflecting stronger equity financing despite fluctuations in retained earnings and treasury stock.
Total liabilities and shareholders’ equity
Remains constant at 100%, indicating the proportional relationships throughout the periods are relative to this total.