HAWKINS INC
For the period ended Mar 30, 2025. Filed May 14, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed May 14, 2025
HWKN$153.00-1.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
| Fiscal Year Ended | |||
|---|---|---|---|
| March 30, 2025 | March 31, 2024 | April 2, 2023 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | |||
| Net income | $84,345 | $75,363 | $60,041 |
| Reconciliation to cash flows provided by operating activities: | |||
| Depreciation and amortization | 39,948 | 31,803 | 27,440 |
| Change in fair value of earnout liability | 1,369 | 571 | — |
| Operating leases | 3,475 | 2,708 | 1,971 |
| (Gain) loss on deferred compensation assets | (641) | (1,391) | 334 |
| Deferred income taxes | 461 | (1,459) | (232) |
| Stock compensation expense | 6,498 | 4,880 | 3,825 |
| (Gain) loss from asset disposals | (61) | (85) | (2,950) |
| Other | 87 | 87 | 87 |
| Changes in operating accounts (using) providing cash, net of acquisitions: | |||
| Trade receivables | (11,230) | 21,399 | (6,389) |
| Inventories | (6,572) | 19,921 | 4,717 |
| Accounts payable | 2,445 | (828) | (11,596) |
| Accrued liabilities | 476 | 10,708 | (737) |
| Lease liabilities | (3,468) | (2,676) | (1,958) |
| Income taxes | (4,807) | (1,390) | 3,290 |
| Other | (1,229) | (112) | (443) |
| Net cash provided by operating activities | 111,096 | 159,499 | 77,400 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | |||
| Additions to property, plant, and equipment | (41,096) | (40,151) | (48,321) |
| Acquisitions | (87,400) | (83,455) | — |
| Proceeds from asset disposals | 544 | 1,102 | 7,091 |
| Net cash used in investing activities | (127,952) | (122,504) | (41,230) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | |||
| Cash dividends paid | (14,635) | (13,238) | (12,001) |
| New shares issued | 2,658 | 2,242 | 2,008 |
| Shares surrendered for payroll taxes | (2,541) | (2,140) | (1,550) |
| Shares repurchased | (20,676) | (11,272) | (6,557) |
| Payments on senior secured revolving loan | (60,000) | (98,000) | (59,000) |
| Borrowings on senior secured revolving loan | 110,000 | 85,000 | 45,000 |
| Net cash provided by (used in) financing activities | 14,806 | (37,408) | (32,100) |
| NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS | (2,050) | (413) | 4,070 |
| CASH AND CASH EQUIVALENTS - beginning of year | 7,153 | 7,566 | 3,496 |
| CASH AND CASH EQUIVALENTS - end of year | $5,103 | $7,153 | $7,566 |
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION- | |||
| Cash paid during the year for income taxes | $34,386 | $28,631 | $19,485 |
| Cash paid for interest | 5,785 | 4,654 | 4,759 |
| Noncash investing activities - Capital expenditures in accounts payable | 1,841 | 2,697 | 2,340 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.