INTERFACE INC
For the period ended Dec 29, 2024. Filed Feb 26, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 26, 2025
TILE$31.88-0.3%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
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
| FISCAL YEAR | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| OPERATING ACTIVITIES: | |||
| Net income | $86,946 | $44,517 | $19,560 |
| Adjustments to reconcile net income to cash provided by operating activities: | |||
| Depreciation and amortization | 39,333 | 40,774 | 40,337 |
| Share-based compensation expense | 12,907 | 10,265 | 8,527 |
| Loss (gain) on disposal of property, plant and equipment, net | 264 | (2,252) | 4,319 |
| Loss on foreign subsidiary liquidation | 2,152 | 6,221 | — |
| Bad debt expense | 1,476 | 53 | 26 |
| Deferred income taxes | (3,034) | (10,082) | 10,310 |
| Other | (8,480) | 1,273 | 3,104 |
| Amortization of acquired intangible assets | 5,172 | 5,172 | 5,038 |
| Goodwill and intangible asset impairment | — | — | 36,180 |
| Working capital changes: | |||
| Accounts receivable | (13,872) | 21,798 | (17,489) |
| Inventories | 10,467 | 31,040 | (49,651) |
| Prepaid expenses and other current assets | (3,079) | (302) | 7,020 |
| Accounts payable and accrued expenses | 18,178 | (6,443) | (24,220) |
| Cash provided by operating activities | 148,430 | 142,034 | 43,061 |
| INVESTING ACTIVITIES: | |||
| Capital expenditures | (33,788) | (26,107) | (18,437) |
| Proceeds from sale of property, plant and equipment | 1,040 | 6,593 | — |
| Insurance proceeds from property casualty loss | 2,374 | — | — |
| Cash used in investing activities | (30,374) | (19,514) | (18,437) |
| FINANCING ACTIVITIES: | |||
| Revolving loan borrowing | 34,243 | 90,000 | 206,031 |
| Revolving loan repayments | (34,243) | (114,381) | (189,281) |
| Term loan repayments | (115,213) | (80,927) | (13,191) |
| Repurchase of common stock | — | — | (17,171) |
| Dividends paid | (2,338) | (2,323) | (2,355) |
| Tax withholding payments for share-based compensation | (4,770) | (1,514) | (402) |
| Debt issuance costs | — | — | (1,032) |
| Finance lease payments | (2,913) | (2,419) | (2,089) |
| Cash used in financing activities | (125,234) | (111,564) | (19,490) |
| Net cash (used in) provided by operating, investing and financing activities | (7,178) | 10,956 | 5,134 |
| Effect of exchange rate changes on cash | (4,094) | 1,978 | (4,822) |
| CASH AND CASH EQUIVALENTS: | |||
| Net (decrease) increase | (11,272) | 12,934 | 312 |
| Balance, beginning of year | 110,498 | 97,564 | 97,252 |
| Balance, end of year | $99,226 | $110,498 | $97,564 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.