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, 2021

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, 2021			December 31, 2020
Land	$	29,729		$	28,316
Buildings and improvements		70,757			55,250
Finance leases		16,497			16,497
Leasehold improvements		88,567			83,561
Vehicles and equipment		168,620			143,435
Furniture, fixtures and equipment		72,354			61,350
Construction in progress		23,256			13,187
Property and equipment, gross		469,780			401,596
Less: accumulated depreciation		(168,053	)		(138,238	)
Less: accumulated depreciation - finance leases		(1,051	)		(324	)
Property and equipment, net	$	300,676		$	263,034

For the three months ended September 30, 2021 and 2020, depreciation expense was $11,388 and $9,654, respectively. For the nine months ended September 30, 2021 and 2020, depreciation expense was $31,596 and $28,197, respectively.

For the three months ended September 30, 2021 and 2020, amortization expense on finance leases was $242 and $51, respectively. For the nine months ended September 30, 2021 and 2020, amortization expense on finance leases was $727 and $94, respectively.