CALERES INC
For the period ended Aug 3, 2024. Filed Sep 12, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Aug 3, 2024 · Filed Sep 12, 2024
CAL$13.48-0.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| | | | | | |
|---|---|---|---|---|---|
| · (Unaudited) | |||||
| | Twenty-Six Weeks Ended | ||||
| ($ thousands) · August 3, 2024 · July 29, 2023 | |||||
| Operating Activities · · | |||||
| Net earnings | $61,071 | | $69,157 | ||
| Adjustments to reconcile net earnings to net cash provided by operating activities: | | | |||
| Depreciation | 19,136 | | 16,899 | ||
| Amortization of capitalized software | 2,654 | | 2,471 | ||
| Amortization of intangible assets | 5,518 | | 6,078 | ||
| Amortization of debt issuance costs and debt discount | 204 | | 204 | ||
| Share-based compensation expense | 7,928 | | 6,871 | ||
| Loss on disposal of property and equipment | (36) | | 918 | ||
| Impairment charges for property, equipment, and lease right-of-use assets | 800 | | 414 | ||
| Adjustment to expected credit losses | | (769) | | | 840 |
| Deferred income taxes | 901 | | 334 | ||
| Changes in operating assets and liabilities: | | | | ||
| Receivables | (10,018) | | (4,588) | ||
| Inventories | (121,010) | | (80,352) | ||
| Prepaid expenses and other current and noncurrent assets | (5,389) | | (2,472) | ||
| Trade accounts payable | 144,687 | | 120,065 | ||
| Accrued expenses and other liabilities | (5,563) | | (28,165) | ||
| Income taxes, net | 12,380 | | 16,990 | ||
| Other, net | 3,202 | | (488) | ||
| Net cash provided by operating activities | 115,696 | | 125,176 | ||
| | | | | | |
| Investing Activities | | ||||
| Purchases of property and equipment | (20,886) | | (15,044) | ||
| Capitalized software | (922) | | (1,833) | ||
| Net cash used for investing activities | (21,808) | | (16,877) | ||
| | | | | | |
| Financing Activities | | ||||
| Borrowings under revolving credit agreement | 306,868 | | 252,000 | ||
| Repayments under revolving credit agreement | (342,368) | | (315,500) | ||
| Dividends paid | (4,899) | | (4,997) | ||
| Acquisition of treasury stock | (15,070) | | (17,445) | ||
| Issuance of common stock under share-based plans, net | (8,457) | | (10,010) | ||
| Contributions by noncontrolling interests | 500 | | 1,000 | ||
| Net cash used for financing activities | (63,426) | | (94,952) | ||
| Effect of exchange rate changes on cash and cash equivalents | (67) | | 51 | ||
| Increase in cash and cash equivalents | 30,395 | | 13,398 | ||
| Cash and cash equivalents at beginning of period | 21,358 | | 33,700 | ||
| Cash and cash equivalents at end of period | $51,753 | | $47,098 | ||
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