OXFORD INDUSTRIES INC
For the period ended May 4, 2024. Filed Jun 13, 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.
May 4, 2024 · Filed Jun 13, 2024
OXM$29.34-3.6%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows (Unaudited)
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
| | | | | | | |
|---|---|---|---|---|---|---|
| · · First Quarter | ||||||
| · Fiscal 2024 · Fiscal 2023 | ||||||
| Cash Flows From Operating Activities: · · | ||||||
| Net earnings | | $38,373 | | $58,538 | ||
| Adjustments to reconcile net earnings to cash flows from operating activities: | | | ||||
| Depreciation | | 13,586 | | 11,512 | ||
| Amortization of intangible assets | | 2,955 | | 3,660 | ||
| Equity compensation expense | | 4,051 | | 3,259 | ||
| Gain on sale of property and equipment | | | — | | | (1,756) |
| Amortization and write-off of deferred financing costs | | 96 | | 272 | ||
| Deferred income taxes | | 6,059 | | 4,657 | ||
| Changes in operating assets and liabilities, net of acquisitions and dispositions: | | | | |||
| Receivables, net | | (24,571) | | (37,542) | ||
| Inventories, net | | 15,151 | | 39,987 | ||
| Income tax receivable | | | 112 | | | (2) |
| Prepaid expenses and other current assets | | 4,051 | | 634 | ||
| Current liabilities | | (15,365) | | (27,671) | ||
| Other balance sheet changes | | (11,575) | | (2,991) | ||
| Cash provided by operating activities | | $32,923 | | $52,557 | ||
| Cash Flows From Investing Activities: | | | ||||
| Acquisitions, net of cash acquired | | (240) | | (997) | ||
| Purchases of property and equipment | | (11,894) | | (16,662) | ||
| Proceeds from the sale of property, plant and equipment | | | — | | | 2,125 |
| Cash used in investing activities | | $(12,134) | | $(15,534) | ||
| Cash Flows From Financing Activities: | | | ||||
| Repayment of revolving credit arrangements | | (136,216) | | (137,755) | ||
| Proceeds from revolving credit arrangements | | 125,542 | | 113,051 | ||
| Deferred financing costs paid | | | — | | | (1,661) |
| Proceeds from issuance of common stock | | 513 | | 602 | ||
| Cash dividends paid | | (10,549) | | (10,351) | ||
| Cash used in financing activities | | $(20,710) | | $(36,114) | ||
| Net change in cash and cash equivalents | | $79 | | $909 | ||
| Effect of foreign currency translation on cash and cash equivalents | | (26) | | (23) | ||
| Cash and cash equivalents at the beginning of year | | 7,604 | | 8,826 | ||
| Cash and cash equivalents at the end of period | | $7,657 | | $9,712 | ||
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