Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Chipotle Mexican Grill Inc., consolidated balance sheet: assets (quarterly data)

US$ in thousands

	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Cash and cash equivalents	844,524)	725,597)	748,537)	698,547)	806,528)	727,394)	560,609)	602,307)	504,866)	409,727)	384,000)	366,623)	520,933)	615,863)	815,374)	721,109)	668,269)	694,776)	607,987)	662,401)	605,622)	500,315)
Accounts receivable, net	105,004)	101,594)	143,963)	93,202)	97,542)	89,836)	115,535)	71,122)	60,985)	65,869)	106,880)	71,276)	83,636)	89,295)	99,599)	76,099)	75,697)	68,449)	104,500)	69,366)	68,006)	63,461)
Inventory	40,402)	41,387)	48,942)	49,848)	35,560)	37,947)	39,309)	40,177)	36,004)	34,599)	35,668)	33,752)	29,456)	29,852)	32,826)	28,450)	25,159)	24,304)	26,445)	25,464)	24,178)	23,335)
Prepaid expenses and other current assets	96,506)	103,945)	97,538)	87,896)	91,852)	98,118)	117,462)	104,038)	103,422)	98,389)	86,412)	76,439)	73,716)	70,403)	78,756)	72,821)	71,613)	61,615)	54,906)	50,794)	53,656)	50,781)
Income tax receivable	80,721)	—)	67,229)	82,087)	71,529)	—)	52,960)	—)	—)	—)	47,741)	112,064)	97,874)	50,701)	94,064)	318,593)	284,612)	244,122)	282,783)	60,436)	97,840)	56,631)
Current investments	701,968)	689,125)	674,378)	668,676)	683,287)	692,474)	734,838)	851,699)	851,142)	652,858)	515,136)	417,278)	240,684)	240,379)	260,945)	301,534)	322,460)	363,585)	343,616)	342,819)	301,041)	380,978)
Current assets	1,869,125)	1,661,648)	1,780,587)	1,680,256)	1,786,298)	1,645,769)	1,620,713)	1,669,343)	1,556,419)	1,261,442)	1,175,837)	1,077,432)	1,046,299)	1,096,493)	1,381,564)	1,518,606)	1,447,810)	1,456,851)	1,420,237)	1,211,280)	1,150,343)	1,075,501)
Leasehold improvements, property and equipment, net	2,503,429)	2,436,762)	2,390,126)	2,320,395)	2,265,694)	2,202,739)	2,170,038)	2,093,011)	2,021,964)	1,981,329)	1,951,147)	1,871,623)	1,813,348)	1,779,521)	1,769,278)	1,719,224)	1,666,184)	1,613,670)	1,584,311)	1,547,217)	1,498,048)	1,465,666)
Long-term investments	518,680)	701,056)	868,025)	892,487)	972,644)	776,815)	564,488)	473,247)	430,762)	368,023)	388,055)	442,620)	359,911)	333,088)	274,311)	188,344)	150,814)	110,928)	102,328)	61,474)	—)	—)
Restricted cash	30,704)	30,526)	29,842)	27,969)	27,664)	26,138)	25,554)	25,315)	25,106)	25,133)	24,966)	30,974)	30,895)	30,872)	30,856)	27,891)	27,877)	27,863)	27,849)	27,591)	27,979)	27,956)
Operating lease assets	4,203,989)	4,075,748)	4,000,127)	3,954,689)	3,770,997)	3,670,983)	3,578,548)	3,555,808)	3,433,719)	3,334,277)	3,302,402)	3,309,051)	3,209,934)	3,147,061)	3,118,294)	3,094,045)	2,945,912)	2,858,345)	2,767,185)	2,708,218)	2,634,165)	2,591,416)
Other assets	120,928)	116,415)	113,728)	113,935)	74,599)	66,866)	63,082)	72,830)	62,526)	61,229)	63,158)	63,798)	63,010)	58,283)	56,716)	57,518)	59,918)	59,463)	59,047)	53,921)	37,655)	24,010)
Goodwill	21,939)	21,939)	21,939)	21,939)	21,939)	21,939)	21,939)	21,939)	21,939)	21,939)	21,939)	21,939)	21,939)	21,939)	21,939)	21,939)	21,939)	21,939)	21,939)	21,939)	21,939)	21,939)
Long-term assets	7,399,669)	7,382,446)	7,423,787)	7,331,414)	7,133,537)	6,765,480)	6,423,649)	6,242,150)	5,996,016)	5,791,930)	5,751,667)	5,740,005)	5,499,037)	5,370,764)	5,271,394)	5,108,961)	4,872,644)	4,692,208)	4,562,659)	4,420,360)	4,219,786)	4,130,987)
Total assets	9,268,794)	9,044,094)	9,204,374)	9,011,670)	8,919,835)	8,411,249)	8,044,362)	7,911,493)	7,552,435)	7,053,372)	6,927,504)	6,817,437)	6,545,336)	6,467,257)	6,652,958)	6,627,567)	6,320,454)	6,149,059)	5,982,896)	5,631,640)	5,370,129)	5,206,488)

Cash and Cash Equivalents: The cash balance exhibits considerable fluctuations over the periods analyzed. It increased from approximately $500 million in early 2020 to a peak near $815 million by year-end 2021, followed by a notable decline through 2022. In 2023 and early 2024, cash levels again rose significantly, reaching about $844 million by mid-2025, indicating strong liquidity management with periods of cash build-up and drawdown likely reflecting operational or investment activities.
Accounts Receivable, Net: This asset category shows variability without a clear upward or downward trend. Balances hovered mostly in the $60 million to $115 million range, oscillating quarter-to-quarter. Spikes in certain quarters, such as late 2020 and early 2024, suggest periods of increased credit sales or temporary collection lag.
Inventory: Inventory values present moderate growth initially, rising from roughly $23 million in early 2020 to about $40 million by late 2023, before experiencing some declines again. This pattern indicates expanding inventory holdings through 2023, possibly linked to business growth or supply chain adjustments, followed by normalization or inventory management tightening.
Prepaid Expenses and Other Current Assets: This component steadily increased over the time horizon, moving from approximately $51 million at the start of 2020 to over $100 million by late 2023, albeit with some slight decreases in early 2024. The growing prepayments may reflect advance payments for operational costs or other current asset accumulation consistent with scaling operations.
Income Tax Receivable: The income tax receivable displayed significant volatility, with extremely high values in late 2020 and early 2021, reaching over $280 million, followed by sharp fluctuations and periods with missing data. These swings could be related to tax timing differences, refunds, or assessments affecting receivable balances irregularly.
Current Investments: Current investments fluctuated broadly, with values starting near $380 million in early 2020, dropping during mid-2021, then rising sharply to a high above $850 million by late 2023, followed by a moderate decline in early 2024. This suggests active management of short-term investment portfolios, adjusting for liquidity needs or market conditions.
Current Assets: Total current assets grew steadily from roughly $1.08 billion in early 2020 to about $1.87 billion by mid-2025. The overall upward trend reflects increasing liquidity and asset size at the short-term level, consistent with business expansion and enhanced working capital.
Leasehold Improvements, Property and Equipment, Net: A clear upward trajectory is noted from approximately $1.47 billion in early 2020 to nearly $2.5 billion by mid-2025. This consistent increment indicates ongoing capital investment in fixed assets, possibly due to new store openings, renovations, or equipment upgrades.
Long-Term Investments: Starting with no values reported in early periods, long-term investments increased notably from around $61 million in late 2020 to a peak near $973 million by mid-2024. A decline follows thereafter, settling near $519 million by mid-2025. This pattern shows an aggressive build-up of long-term investment holdings with subsequent partial liquidation or revaluation adjustments.
Restricted Cash: Restricted cash holdings remained relatively stable, displaying a slight gradual increase from roughly $28 million in early 2020 to about $31 million by mid-2025. This stability suggests consistent fiscal policies related to cash reserved for specific obligations or regulatory compliance.
Operating Lease Assets: A steady and marked increase is apparent, from approximately $2.59 billion in early 2020 to over $4.2 billion by mid-2025. This reflects expanded lease commitments, potentially linked to new property leases or reassessment of lease liabilities under accounting standards.
Other Assets: Other assets demonstrate growth from around $24 million to about $120 million across the observed timeline. Although with some fluctuations, the upward movement points to incremental accumulation of miscellaneous long-term resources.
Goodwill: Goodwill remained constant throughout the periods at approximately $22 million, indicating no recorded acquisitions or impairments affecting this intangible asset.
Long-Term Assets: Long-term assets show consistent and substantial growth from roughly $4.1 billion to nearly $7.4 billion. This increase aligns with capital expenditures and investment activities contributing to asset base expansion over time.
Total Assets: Total assets grew steadily from about $5.2 billion at the beginning of 2020 to over $9.2 billion by mid-2025. This growth reflects overall business expansion, encompassing increases across both current and long-term asset categories, with minor cyclical fluctuations likely related to operational or strategic investment activities.

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Chipotle Mexican Grill Inc. (NYSE:CMG)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data