HAWKINS INC
For the period ended Mar 29, 2026. Filed May 13, 2026.
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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.
FY2026 · Filed May 13, 2026
HWKN$153.00-1.1%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
| Fiscal Year Ended | |||
|---|---|---|---|
| March 29, 2026 | March 30, 2025 | March 31, 2024 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | |||
| Net income | $81,548 | $84,345 | $75,363 |
| Reconciliation to cash flows provided by operating activities: | |||
| Depreciation and amortization | 52,542 | 39,948 | 31,803 |
| Change in fair value of earnout liability | (6,177) | 1,369 | 571 |
| Operating leases | 3,982 | 3,475 | 2,708 |
| Gain on deferred compensation assets | (1,554) | (641) | (1,391) |
| Deferred income taxes | 3,053 | 461 | (1,459) |
| Stock compensation expense | 8,573 | 6,498 | 4,880 |
| Gain from asset disposals | (202) | (61) | (85) |
| Other, net | 179 | 87 | 87 |
| Changes in operating accounts (using) providing cash, net of acquisitions: | |||
| Trade receivables | (2,467) | (11,230) | 21,399 |
| Inventories | 10,053 | (6,572) | 19,921 |
| Accounts payable | (5,841) | 2,445 | (828) |
| Accrued liabilities | 2,195 | 476 | 10,708 |
| Lease liabilities | (3,775) | (3,468) | (2,676) |
| Income taxes | 2,071 | (4,807) | (1,390) |
| Other, net | 147 | (1,229) | (112) |
| Net cash provided by operating activities | 144,327 | 111,096 | 159,499 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | |||
| Additions to property, plant, and equipment | (58,239) | (41,096) | (40,151) |
| Acquisitions | (167,108) | (87,400) | (83,455) |
| Proceeds from asset disposals | 1,248 | 544 | 1,102 |
| Net cash used in investing activities | (224,099) | (127,952) | (122,504) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | |||
| Cash dividends paid | (15,665) | (14,635) | (13,238) |
| ESPP shares issued | 3,040 | 2,658 | 2,242 |
| Shares surrendered for payroll taxes | (3,028) | (2,541) | (2,140) |
| Shares repurchased | — | (20,676) | (11,272) |
| Payments for debt issuance costs | (764) | — | — |
| Payments on senior secured revolving loan | (75,000) | (60,000) | (98,000) |
| Borrowings on senior secured revolving loan | 170,000 | 110,000 | 85,000 |
| Net cash provided by (used in) financing activities | 78,583 | 14,806 | (37,408) |
| NET DECREASE IN CASH AND CASH EQUIVALENTS | (1,189) | (2,050) | (413) |
| CASH AND CASH EQUIVALENTS - beginning of year | 5,103 | 7,153 | 7,566 |
| CASH AND CASH EQUIVALENTS - end of year | $3,914 | $5,103 | $7,153 |
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION- | |||
| Cash paid during the year for income taxes, net of refunds | $22,685 | $34,386 | $28,631 |
| Cash paid for interest | 13,650 | 5,785 | 4,654 |
| Noncash investing activities - Capital expenditures in accounts payable | 2,536 | 1,841 | 2,697 |
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