LA-Z-BOY INC
For the period ended Jan 25, 2025. Filed Feb 18, 2025.
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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.
Jan 25, 2025 · Filed Feb 18, 2025
LZB$32.650.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statement of Cash Flows
| Nine Months Ended | ||
|---|---|---|
| (Unaudited, amounts in thousands) | 1/25/2025 | 1/27/2024 |
| Cash flows from operating activities | ||
| Net income | $85,602 | $84,304 |
| Adjustments to reconcile net income to cash provided by operating activities | ||
| (Gain)/loss on disposal and impairment of assets | 73 | (15) |
| Gain on sale of investments | (199) | (1,169) |
| Provision for doubtful accounts | 518 | (267) |
| Depreciation and amortization | 35,020 | 36,493 |
| Amortization of right-of-use lease assets | 61,521 | 56,660 |
| Lease impairment/(settlement) | — | (1,175) |
| Equity-based compensation expense | 13,428 | 11,048 |
| Change in deferred taxes | 2,134 | 1,911 |
| Change in receivables | 10,465 | 4,277 |
| Change in inventories | (21,726) | 5,968 |
| Change in other assets | (10,217) | (6,314) |
| Change in payables | 11,897 | (15,420) |
| Change in lease liabilities | (62,607) | (57,385) |
| Change in other liabilities | (640) | (13,562) |
| Net cash provided by operating activities | 125,269 | 105,354 |
| Cash flows from investing activities | ||
| Proceeds from disposals of assets | 188 | 4,836 |
| Capital expenditures | (51,538) | (38,034) |
| Purchases of investments | (6,783) | (17,869) |
| Proceeds from sales of investments | 11,715 | 23,337 |
| Acquisitions | (24,772) | (26,299) |
| Net cash used for investing activities | (71,190) | (54,029) |
| Cash flows from financing activities | ||
| Payments on finance lease liabilities | (442) | (346) |
| Holdback payments for acquisitions | — | (5,000) |
| Stock issued for stock and employee benefit plans, net of shares withheld for taxes | 10,906 | 6,241 |
| Repurchases of common stock | (64,387) | (40,022) |
| Dividends paid to shareholders | (25,871) | (24,177) |
| Dividends paid to minority interest joint venture partners (1) | (1,414) | (1,172) |
| Net cash used for financing activities | (81,208) | (64,476) |
| Effect of exchange rate changes on cash and equivalents | 620 | (348) |
| Change in cash, cash equivalents and restricted cash | (26,509) | (13,499) |
| Cash, cash equivalents and restricted cash at beginning of period | 341,098 | 346,678 |
| Cash, cash equivalents and restricted cash at end of period | $314,589 | $333,179 |
| Supplemental disclosure of non-cash investing activities | ||
| Capital expenditures included in payables | $4,010 | $3,008 |
(1)Includes dividends paid to joint venture minority partners resulting from the repatriation of dividends from our foreign earnings that we no longer consider permanently reinvested.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.