Mister Car Wash Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Property and Equipment, Net

Property and Equipment, Net

12 Months Ended

Dec. 31, 2021

Property Plant And Equipment [Abstract]

Property and Equipment, Net

4. Property and Equipment, Net

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


	As of
	December 31, 2021			December 31, 2020
Land	$	81,911		$	28,316
Buildings and improvements		171,540			55,250
Finance leases		16,497			16,497
Leasehold improvements		92,821			83,561
Vehicles and equipment		188,053			143,435
Furniture, fixtures and equipment		73,213			61,350
Construction in progress		24,724			13,187
Property and equipment, gross		648,759			401,596
Less: accumulated depreciation		(175,017	)		(138,238	)
Less: accumulated amortization - finance leases		(1,294	)		(324	)
Property and equipment, net	$	472,448		$	263,034

Depreciation expense was $43,970, $38,010 and $32,528 for the years ended December 31, 2021, 2020 and 2019, respectively. Amortization expense on finance leases was $970, $336 and $541 for the years ended December 31, 2021, 2020 and 2019, respectively.