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

	Dec 31, 2025	Sep 30, 2025	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
Cash and cash equivalents	350,545)	698,743)	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)
Accounts receivable, net	156,466)	95,844)	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)
Inventory	49,508)	46,436)	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)
Prepaid expenses and other current assets	120,450)	100,542)	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)
Income tax receivable	91,393)	109,684)	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)
Current investments	698,591)	722,531)	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)
Current assets	1,466,953)	1,773,780)	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)
Leasehold improvements, property and equipment, net	2,679,361)	2,594,005)	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)
Long-term investments	197,123)	347,694)	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)
Restricted cash	35,364)	30,893)	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)
Operating lease assets	4,463,010)	4,385,099)	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)
Other assets	130,781)	128,438)	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)
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)
Long-term assets	7,527,578)	7,508,068)	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)
Total assets	8,994,531)	9,281,848)	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)

Total assets exhibited a generally increasing trend over the observed period, though with some fluctuations. Beginning at approximately US$6.15 billion in March 2021, total assets peaked around US$9.27 billion in June 2024 before decreasing to approximately US$9.00 billion by December 2025. This suggests a period of significant growth followed by a recent stabilization or slight contraction.

Cash and Cash Equivalents: Cash and cash equivalents demonstrated considerable volatility. A peak of approximately US$815 million was recorded in December 2021, followed by a substantial decline to around US$350 million by December 2025. There was a rebound to approximately US$845 million in June 2025. This pattern suggests active cash management, potentially related to investments, share repurchases, or operational needs. The most recent period shows a significant decrease.
Accounts Receivable, Net: Accounts receivable generally trended upward, with fluctuations. From approximately US$68 million in March 2021, it rose to a high of around US$156 million in December 2025. This increase could indicate growing sales on credit or changes in collection periods. A notable increase occurred between September 2022 and December 2023.
Inventory: Inventory levels showed a moderate increase over the period, ranging from approximately US$24 million to US$49.5 million. The increase suggests potential growth in sales volume or a strategic decision to hold higher inventory levels. A peak was observed in December 2025.
Prepaid Expenses and Other Current Assets: Prepaid expenses and other current assets exhibited an overall increasing trend, moving from approximately US$62 million to US$120 million. This suggests a potential increase in investments in areas requiring upfront payments or a change in accounting practices. The increase was particularly pronounced between March 2022 and December 2025.
Income Tax Receivable: Income tax receivable experienced significant fluctuations. It began at approximately US$244 million in March 2021, peaked at US$319 million in September 2021, and then decreased substantially to zero in the later periods. This suggests timing differences in tax payments and refunds, or changes in tax liabilities. The absence of a receivable in the most recent periods is notable.
Current Investments: Current investments showed a fluctuating pattern, beginning at approximately US$364 million and peaking at US$851 million in June 2023 before decreasing to approximately US$699 million by December 2025. This indicates active investment and divestment strategies, potentially related to short-term liquidity management.
Long-Term Assets: Long-term assets, primarily consisting of leasehold improvements, property, and equipment, and operating lease assets, represent the largest portion of total assets. These assets consistently increased over the period, from approximately US$4.69 billion to US$7.53 billion. This suggests ongoing investment in property, plant, and equipment, and expansion of operating leases. The growth in operating lease assets was particularly significant.
Goodwill: Goodwill remained constant throughout the observed period at approximately US$22 million, indicating no significant acquisitions or impairments affecting goodwill.

In summary, the asset composition indicates a company focused on growth through investment in long-term assets, particularly property and operating leases, alongside active management of current assets and liabilities. The recent decrease in total assets, driven by a substantial reduction in cash and cash equivalents, warrants further investigation.

Chipotle Mexican Grill Inc. (NYSE:CMG)

Balance Sheet: Assets
Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Chipotle Mexican Grill Inc. (NYSE:CMG)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data