WINNEBAGO INDUSTRIES INC

For the period ended Nov 30, 2024. Filed Dec 20, 2024.

About this filing

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.

Nov 30, 2024 · Filed Dec 20, 2024

WGO$31.19-1.9%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Cash Flows

	Three Months Ended
(in millions)	November 30, 2024	November 25, 2023
Operating activities
Net (loss) income	$(5.2)	$25.8
Adjustments to reconcile net (loss) income to net cash used in operating activities
Depreciation	9.7	8.1
Amortization	5.6	5.6
Amortization of debt issuance costs	0.8	0.8
Last in, first-out ("LIFO") expense	(0.2)	0.1
Stock-based compensation	5.5	4.6
Deferred income taxes	0.8	1.0
Contingent consideration fair value adjustment	—	0.8
Other, net	(1.2)	0.4
Change in operating assets and liabilities, net of assets and liabilities acquired
Receivables, net	12.0	(9.1)
Inventories, net	3.4	(24.0)
Prepaid expenses and other assets	0.1	(1.7)
Accounts payable	(31.6)	(23.4)
Income taxes and unrecognized tax benefits	(1.5)	8.7
Accrued expenses and other liabilities	(14.9)	(19.1)
Net cash used in operating activities	(16.7)	(21.4)
Investing activities
Purchases of property, plant, and equipment	(10.0)	(11.8)
Other, net	2.0	(2.9)
Net cash used in investing activities	(8.0)	(14.7)
Financing activities
Borrowings on long-term debt	—	780.6
Repayments on long-term debt	—	(780.6)
Payments of cash dividends	(10.2)	(9.6)
Payments for repurchases of common stock	(33.6)	(44.2)
Other, net	0.1	(0.4)
Net cash used in financing activities	(43.7)	(54.2)
Net decrease in cash and cash equivalents	(68.4)	(90.3)
Cash and cash equivalents at beginning of period	330.9	309.9
Cash and cash equivalents at end of period	$262.5	$219.6
Supplemental Disclosures
Income taxes (received) paid, net	$(0.1)	$—
Interest paid	0.7	2.5
Non-cash investing and financing activities
Capital expenditures in accounts payable	$5.0	$2.9

Consolidated Statements of Changes in Shareholders' Equity

	Three Months Ended November 30, 2024
(in millions) · Common Shares · Additional Paid-In Capital · Retained Earnings · Accumulated Other Comprehensive Income (Loss) · Treasury Stock · Total Shareholders' Equity
Number · Amount · Number · Amount
Balances at August 31, 2024	51.8		$25.9		$194.2		$1,723.3	$(0.4)	(23.0)	$(669.7)	$1,273.3
Stock-based compensation	—		—		5.5		—	—	—	—	5.5
Issuance of stock for employee benefit and stock-based awards, net	—		—		(5.1)		—	—	0.2	5.6	0.5
Repurchase of common stock	—		—		(0.3)		—	—	(0.6)	(33.6)	(33.9)
Net loss	—		—		—		(5.2)	—	—	—	(5.2)
Balances at November 30, 2024	51.8		$25.9		$194.3		$1,718.1	$(0.4)	(23.4)	$(697.7)	$1,240.2
	Three Months Ended November 25, 2023
(in millions)	Common Shares	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock	Total Shareholders' Equity
Number	Amount	Number	Amount
Balances at August 26, 2023	51.8		$25.9		$197.7		$1,747.8	$(0.4)	(22.0)	$(602.9)	$1,368.1
Stock-based compensation	—		—		4.6		—	—	—	—	4.6
Issuance of stock for employee benefit and stock-based awards, net	—		—		(5.6)		—	—	0.1	5.6	—
Repurchase of common stock	—		—		(0.3)		—	—	(0.7)	(44.2)	(44.5)
Net income	—		—		—		25.8	—	—	—	25.8
Balances at November 25, 2023	51.8		$25.9		$196.4		$1,773.6	$(0.4)	(22.6)	$(641.5)	$1,354.0

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.