Mister Car Wash Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment, Net

Property and Equipment, Net

6 Months Ended

Jun. 30, 2022

Property, Plant and Equipment [Abstract]

Property and Equipment, Net

3. Property and Equipment, Net

Property and equipment, net consisted of the following for the periods presented:


	As of
	June 30, 2022			December 31, 2021
Land	$	93,717		$	81,911
Buildings and improvements		191,580			171,540
Finance leases		16,604			16,497
Leasehold improvements		100,138			92,821
Vehicles and equipment		199,878			188,053
Furniture, fixtures and equipment		79,369			73,213
Construction in progress		43,087			24,724
Property and equipment, gross		724,373			648,759
Less: accumulated depreciation		(200,717	)		(175,017	)
Less: accumulated depreciation - finance leases		(1,782	)		(1,294	)
Property and equipment, net	$	521,874		$	472,448

For the three months ended June 30, 2022 and 2021, depreciation expense was $13,198 and $10,237, respectively. For the six months ended June 30, 2022 and 2021, depreciation expense was $26,132 and $20,208, respectively.

For the three months ended June 30, 2022 and 2021, amortization expense on finance leases was $246 and $243, respectively. For the six months ended June 30, 2022 and 2021, amortization expense on finance leases was $489 and $485, respectively.