LCI INDUSTRIES
For the period ended Mar 31, 2026. Filed May 5, 2026.
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.
Mar 31, 2026 · Filed May 5, 2026
LCII$97.98-3.1%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
| LCI INDUSTRIES | ||
|---|---|---|
| CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS | ||
| (Unaudited) | ||
| Three Months Ended March 31, | ||
| (In thousands) | 2026 | 2025 |
| Cash flows from operating activities: | ||
| Net income | $62,947 | $49,438 |
| Adjustments to reconcile net income to cash flows (used in) provided by operating activities: | ||
| Depreciation and amortization | 29,798 | 29,542 |
| Stock-based compensation expense | 5,300 | 4,933 |
| Loss on extinguishment of debt | — | 8,053 |
| Other non-cash items | 3,502 | 2,181 |
| Changes in assets and liabilities, net of acquisitions of businesses: | ||
| Accounts receivable, net | (134,457) | (149,644) |
| Inventories, net | (27,282) | 39,121 |
| Prepaid expenses and other assets | 8,093 | 5,800 |
| Accounts payable, trade | 11,327 | 30,005 |
| Accrued expenses and other liabilities | 7,313 | 23,289 |
| Net cash flows (used in) provided by operating activities | (33,459) | 42,718 |
| Cash flows from investing activities: | ||
| Capital expenditures | (9,668) | (9,038) |
| Acquisition of businesses | — | (29,579) |
| Other investing activities | 69 | (3,423) |
| Net cash flows used in investing activities | (9,599) | (42,040) |
| Cash flows from financing activities: | ||
| Vesting of stock-based awards, net of shares tendered for payment of taxes | (6,625) | (4,813) |
| Repayments under revolving credit facility | — | (19,261) |
| Proceeds from term loan borrowings | — | 391,000 |
| Repayments under term loan and other borrowings | (998) | (280,093) |
| Proceeds from issuance of convertible notes | — | 448,500 |
| Repurchase of convertible notes | — | (368,920) |
| Purchases of convertible note hedge contracts | — | (67,574) |
| Proceeds from issuance of warrants concurrent with note hedge contracts | — | 27,600 |
| Partial unwind of convertible note hedge and warrants | — | 1,378 |
| Payment of debt issuance costs | — | (3,122) |
| Payment of dividends | (27,927) | (29,352) |
| Repurchases of common stock | — | (28,255) |
| Other financing activities | — | (217) |
| Net cash flows (used in) provided by financing activities | (35,550) | 66,871 |
| Effect of exchange rate changes on cash and cash equivalents | (1,770) | (2,062) |
| Net (decrease) increase in cash and cash equivalents | (80,378) | 65,487 |
| Cash and cash equivalents at beginning of period | 222,615 | 165,756 |
| Cash and cash equivalents at end of period | $142,237 | $231,243 |
| LCI INDUSTRIES | ||
|---|---|---|
| CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS | ||
| (Unaudited) | ||
| Three Months Ended March 31, | ||
| (In thousands) | 2026 | 2025 |
| Supplemental disclosure of cash flow information: | ||
| Cash paid (received) during the period for: | ||
| Interest | $12,977 | $7,218 |
| Income taxes | $(1,605) | $94 |
| Non-cash investing and financing activities: | ||
| Purchase of property and equipment in accrued expenses | $272 | $993 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.