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

9 Months Ended

Sep. 30, 2024

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
	September 30, 2024			December 31, 2023
Land	$	140,461		$	121,960
Buildings and improvements		341,545			263,468
Finance leases		16,661			16,604
Leasehold improvements		147,506			135,861
Vehicles and equipment		324,735			285,127
Furniture, fixtures and equipment		102,595			100,457
Construction in progress		110,411			75,639
Property and equipment, gross		1,183,914			999,116
Less: accumulated depreciation		(308,966	)		(270,706	)
Less: accumulated amortization - finance leases		(4,045	)		(3,289	)
Property and equipment, net	$	870,903		$	725,121

For the three months ended September 30, 2024 and 2023, depreciation expense was $19,682 and $15,633, respectively. For the nine months ended September 30, 2024 and 2023, depreciation expense was $55,754 and $45,567, respectively.

For the three months ended September 30, 2024 and 2023, amortization expense on finance leases was $254 and $251, respectively. For the nine months ended September 30, 2024 and 2023, amortization expense on finance leases was $756 and $753, respectively.