MARCUS CORP
For the period ended Sep 26, 2024. Filed Oct 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.
Sep 26, 2024 · Filed Oct 31, 2024
MCS$27.20+0.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
(in thousands)
| 39 Weeks Ended | ||
|---|---|---|
| September 26, 2024 | September 28, 2023 | |
| OPERATING ACTIVITIES: | ||
| Net earnings (loss) | $(8,773) | $16,234 |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Losses on investments in joint ventures | 446 | 127 |
| Distribution from joint venture | — | 200 |
| (Gain) loss on disposition of property, equipment and other assets | 95 | 1,019 |
| Impairment charges | 472 | 684 |
| Debt conversion expense | 15,318 | — |
| Depreciation and amortization | 49,988 | 51,028 |
| Amortization of debt issuance costs | 918 | 1,109 |
| Share-based compensation | 7,157 | 5,000 |
| Deferred income taxes | 2,496 | 6,586 |
| Other long-term obligations | 1,293 | 904 |
| Contribution of the Company’s stock to savings and profit-sharing plan | — | 1,259 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (3,851) | 59 |
| Other assets | (175) | (3,043) |
| Operating leases | (541) | (663) |
| Accounts payable | (2,934) | (4,389) |
| Income taxes | 1,060 | (241) |
| Taxes other than income taxes | (855) | 1,061 |
| Accrued compensation | (5,212) | (6,195) |
| Other accrued liabilities | (5,528) | (2,097) |
| Total adjustments | 60,147 | 52,408 |
| Net cash provided by operating activities | 51,374 | 68,642 |
| INVESTING ACTIVITIES: | ||
| Capital expenditures | (53,770) | (25,836) |
| Proceeds from disposals of property, equipment and other assets | 151 | 67 |
| Capital contribution in joint venture | (5,620) | — |
| Subscription and sale of joint venture interests | 1,500 | — |
| Proceeds from sale of trading securities | 37 | 17 |
| Purchase of trading securities | (1,148) | (839) |
| Other investing activities | 453 | (291) |
| Net cash used in investing activities | (58,397) | (26,882) |
| FINANCING ACTIVITIES: | ||
| Debt transactions: | ||
| Proceeds from borrowings on revolving credit facility | 81,000 | 38,000 |
| Repayment of borrowings on revolving credit facility | (81,000) | (38,000) |
| Proceeds from issuance of long-term debt | 100,000 | — |
| Principal payments on long-term debt | (11,024) | (11,097) |
| Repayment of borrowing on insurance policy | — | (6,700) |
| Repurchase of convertible senior notes | (102,525) | — |
| Proceeds from capped call unwind | 13,230 | — |
| Debt issuance costs | (1,083) | (82) |
| Principal payments on finance lease obligations | (1,842) | (1,904) |
| Equity transactions: | ||
| Treasury stock transactions, except for stock options | (9,911) | (526) |
| Exercise of stock options | — | 222 |
| Dividends paid | (6,615) | (5,273) |
| Distributions to noncontrolling interest | — | (824) |
| Net cash used in financing activities | (19,770) | (26,184) |
| Net increase (decrease) in cash, cash equivalents and restricted cash | (26,793) | 15,576 |
| Cash, cash equivalents and restricted cash at beginning of period | 59,838 | 24,506 |
| Cash, cash equivalents and restricted cash at end of period | $33,045 | $40,082 |
| Supplemental Information: | ||
| Interest paid, net of amounts capitalized | $8,630 | $9,542 |
| Income taxes paid, including interest earned | (201) | (788) |
| Change in accounts payable for additions to property, equipment and other assets | 4,834 | 1,550 |
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