HAWKINS INC
For the period ended Dec 31, 2023. Filed Jan 31, 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.
Dec 31, 2023 · Filed Jan 31, 2024
HWKN$153.00-1.1%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 – Nine Months Ended
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
(In thousands)
| Nine Months Ended | ||
|---|---|---|
| December 31,2023 | January 1,2023 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net income | $61,531 | $48,428 |
| Reconciliation to cash flows: | ||
| Depreciation and amortization | 22,849 | 20,373 |
| Operating leases | 1,884 | 1,442 |
| (Gain) loss on deferred compensation assets | (901) | 744 |
| Stock compensation expense | 3,506 | 2,764 |
| Other | 70 | 225 |
| Changes in operating accounts providing (using) cash: | ||
| Trade receivables | 22,500 | (2,336) |
| Inventories | 25,665 | (6,596) |
| Accounts payable | (14,334) | (16,231) |
| Accrued liabilities | (610) | (3,652) |
| Lease liabilities | (1,804) | (1,453) |
| Income taxes | (1,824) | 1,762 |
| Other | (922) | (929) |
| Net cash provided by operating activities | 117,610 | 44,541 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Purchases of property, plant, and equipment | (28,248) | (32,307) |
| Acquisitions | (78,855) | — |
| Other | 723 | 352 |
| Net cash used in investing activities | (106,380) | (31,955) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Cash dividends declared and paid | (9,886) | (8,843) |
| New shares issued | 2,243 | 2,014 |
| Payroll taxes paid in exchange for shares withheld | (2,140) | (1,550) |
| Shares repurchased | (11,272) | (6,557) |
| Payments on revolving loan | (67,000) | (40,000) |
| Proceeds from revolving loan borrowings | 75,000 | 45,000 |
| Net cash used in financing activities | (13,055) | (9,936) |
| NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS | (1,825) | 2,650 |
| CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD | 7,566 | 3,496 |
| CASH AND CASH EQUIVALENTS, END OF PERIOD | $5,741 | $6,146 |
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION | ||
| Cash paid for income taxes | $22,125 | $14,847 |
| Cash paid for interest | $3,252 | $3,345 |
| Noncash investing activities - capital expenditures in accounts payable | $2,887 | $3,844 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.