Spectrum Brands Holdings Inc
For the period ended Dec 31, 2023. Filed Feb 8, 2024.
View on SEC.govAbout 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.
Dec 31, 2023 · Filed Feb 8, 2024
SPB$88.69-0.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows for the
Condensed Consolidated Statements of Cash Flows
| Three Month Periods Ended | ||
|---|---|---|
| (in millions) | December 31, 2023 | January 1, 2023 |
| Cash flows from operating activities | ||
| Net income (loss) | $29.2 | $(20.5) |
| Income from discontinued operations, net of tax | 11.7 | 19.5 |
| Net income (loss) from continuing operations | 17.5 | (40.0) |
| Adjustments to reconcile net income (loss) to net cash from operating activities: | ||
| Depreciation | 14.4 | 12.2 |
| Amortization | 11.1 | 10.4 |
| Share based compensation | 3.9 | 3.3 |
| Impairment of intangible assets | 4.0 | — |
| Gain from debt repurchase | (4.7) | — |
| Non-cash purchase accounting adjustments | 0.5 | 0.5 |
| Amortization of debt issuance costs and debt discount | 0.9 | 2.0 |
| Write-off of unamortized discount and debt issuance costs | 0.3 | — |
| Gain from remeasurement of contingent consideration liability | — | (1.5) |
| Deferred tax benefit | (0.8) | (18.4) |
| Net changes in operating assets and liabilities | (29.0) | (25.5) |
| Net cash provided (used) by operating activities from continuing operations | 18.1 | (57.0) |
| Net cash used by operating activities from discontinued operations | (22.4) | (7.2) |
| Net cash used by operating activities | (4.3) | (64.2) |
| Cash flows from investing activities | ||
| Purchases of property, plant and equipment | (8.4) | (10.0) |
| Purchases of short term investments | (700.0) | — |
| Proceeds from sale of short term investments | 842.0 | — |
| Net cash provided (used) by investing activities from continuing operations | 133.6 | (10.0) |
| Net cash used by investing activities from discontinued operations | — | (3.6) |
| Net cash provided (used) by investing activities | 133.6 | (13.6) |
| Cash flows from financing activities | ||
| Payment of debt | (174.1) | (3.3) |
| Proceeds from issuance of debt | — | 90.0 |
| Payment of debt issuance costs | (3.2) | (2.3) |
| Treasury stock purchases | (243.0) | — |
| Dividends paid to shareholders | (14.1) | (17.1) |
| Share based award tax withholding payments, net of proceeds upon vesting | (5.4) | (10.5) |
| Net cash (used) provided by financing activities from continuing operations | (439.8) | 56.8 |
| Net cash used by financing activities from discontinued operations | — | (0.4) |
| Net cash (used) provided by financing activities | (439.8) | 56.4 |
| Effect of exchange rate changes on cash and cash equivalents | 2.0 | 5.7 |
| Net change in cash, cash equivalents and restricted cash in continuing operations | (308.5) | (15.7) |
| Cash, cash equivalents, and restricted cash, beginning of period | 753.9 | 243.9 |
| Cash, cash equivalents, and restricted cash, end of period | $445.4 | $228.2 |
| Supplemental disclosure of cash flow information | ||
| Cash paid for interest associated with continued operations | $21.8 | $16.6 |
| Cash paid for interest associated with discontinued operations | — | 8.9 |
| Cash paid for taxes associated with continued operations | 3.4 | 6.1 |
| Cash paid for taxes associated with discontinued operations | — | 6.0 |
| Non cash investing activities | ||
| Acquisition of property, plant and equipment through finance leases | $0.2 | $0.1 |
| Non cash financing activities | ||
| Issuance of shares through stock compensation plan | $14.0 | $27.2 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.