TrueBlue Inc
For the period ended Sep 29, 2024. Filed Nov 4, 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.
Sep 29, 2024 · Filed Nov 4, 2024
TBI$12.68+4.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
| Thirty-nine weeks ended | ||
|---|---|---|
| (in thousands) | September 29,2024 | September 24,2023 |
| Cash flows from operating activities: | ||
| Net income (loss) | $(114,043) | $(11,622) |
| Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities: | ||
| Depreciation and amortization | 22,616 | 18,875 |
| Goodwill and intangible asset impairment charge | 59,674 | 9,485 |
| Provision for credit losses | 1,577 | 3,254 |
| Stock-based compensation | 5,676 | 10,219 |
| Deferred income taxes | 34,694 | (3,344) |
| Non-cash lease expense | 9,145 | 9,449 |
| Other operating activities | (5,052) | (1,661) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 25,802 | 34,790 |
| Income taxes receivable and payable | 219 | (3,001) |
| Other assets | 8,719 | 26,795 |
| Accounts payable and other accrued expenses | (18,771) | (26,879) |
| Accrued wages and benefits | (15,640) | (5,156) |
| Workers’ compensation claims reserve | (30,069) | (33,558) |
| Operating lease liabilities | (9,236) | (9,498) |
| Other liabilities | 1,500 | 1,421 |
| Net cash (used in) provided by operating activities | (23,189) | 19,569 |
| Cash flows from investing activities: | ||
| Capital expenditures | (18,874) | (23,095) |
| Proceeds from business divestiture, net | 2,928 | — |
| Payments for company-owned life insurance | (4,000) | (2,347) |
| Proceeds from company-owned life insurance | — | 1,662 |
| Purchases of restricted held-to-maturity investments | (10,180) | (26,894) |
| Maturities of restricted held-to-maturity investments | 28,688 | 24,118 |
| Net cash used in investing activities | (1,438) | (26,556) |
| Cash flows from financing activities: | ||
| Purchases and retirement of common stock | (21,301) | (34,178) |
| Net proceeds from employee stock purchase plans | 564 | 704 |
| Common stock repurchases for taxes upon vesting of restricted stock | (2,221) | (3,759) |
| Other | (1,807) | (96) |
| Net cash used in financing activities | (24,765) | (37,329) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash and cash equivalents | (638) | (757) |
| Net change in cash, cash equivalents and restricted cash and cash equivalents | (50,030) | (45,073) |
| Cash, cash equivalents and restricted cash and cash equivalents, beginning of period | 99,306 | 135,631 |
| Cash, cash equivalents and restricted cash and cash equivalents, end of period | $49,276 | $90,558 |
| Supplemental disclosure of cash flow information: | ||
| Cash paid during the period for: | ||
| Interest | $778 | $721 |
| Income taxes, net of refunds | $555 | $4,732 |
| Operating lease liabilities | $11,522 | $11,718 |
| Non-cash transactions: | ||
| Property and equipment purchased but not yet paid | $1,456 | $3,550 |
| Divestiture non-cash consideration | $571 | $— |
| Right-of-use assets obtained in exchange for new operating lease liabilities | $11,024 | $10,943 |
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