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, 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
	June 30, 2024			December 31, 2023
Land	$	129,770		$	121,960
Buildings and improvements		312,646			263,468
Finance leases		16,604			16,604
Leasehold improvements		141,812			135,861
Vehicles and equipment		313,283			285,127
Furniture, fixtures and equipment		102,491			100,457
Construction in progress		100,534			75,639
Property and equipment, gross		1,117,140			999,116
Less: accumulated depreciation		(296,920	)		(270,706	)
Less: accumulated amortization - finance leases		(3,791	)		(3,289	)
Property and equipment, net	$	816,429		$	725,121

For the three months ended June 30, 2024 and 2023, depreciation expense was $18,372 and $14,555, respectively. For the six months ended June 30, 2024 and 2023, depreciation expense was $36,072 and $29,934, respectively.

For the three months ended June 30, 2024 and 2023, amortization expense on finance leases was $251 and $251, respectively. For the six months ended June 30, 2024 and 2023, amortization expense on finance leases was $502 and $502, respectively.