LIFETIME BRANDS, INC
For the period ended Sep 30, 2025. Filed Nov 6, 2025.
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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 30, 2025 · Filed Nov 6, 2025
LCUT$7.98+6.6%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows (unaudited) –
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands) (unaudited)
| Nine Months EndedSeptember 30, | ||
|---|---|---|
| 2025 | 2024 | |
| OPERATING ACTIVITIES | ||
| Net loss | $(45,089) | $(24,083) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | ||
| Depreciation and amortization | 16,533 | 16,241 |
| Goodwill impairment | 33,237 | — |
| Amortization of financing costs | 2,077 | 2,195 |
| Gain on disposition of fixed assets | (94) | — |
| Mark to market loss on interest rate derivatives | 755 | 1,184 |
| Operating leases, net | (1,734) | (1,476) |
| Provision (recovery) for doubtful accounts | 1,129 | (241) |
| Deferred income taxes | — | 144 |
| Stock compensation expense | 3,100 | 2,886 |
| Equity in losses, net of taxes | — | 2,092 |
| Loss on equity securities | — | 14,152 |
| Changes in operating assets and liabilities | ||
| Accounts receivable | 29,010 | 13,859 |
| Inventory | (15,912) | (44,821) |
| Prepaid expenses, other current assets and other assets | (224) | 2,929 |
| Accounts payable, accrued expenses and other liabilities | (15,843) | 16,759 |
| Income taxes receivable | (2,215) | (2,894) |
| Income taxes payable | (860) | (663) |
| NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES | 3,870 | (1,737) |
| INVESTING ACTIVITIES | ||
| Purchases of property and equipment | (3,221) | (1,604) |
| Net proceeds from sale of property | 94 | — |
| NET CASH USED IN INVESTING ACTIVITIES | (3,127) | (1,604) |
| FINANCING ACTIVITIES | ||
| Proceeds from revolving credit facility | 236,941 | 180,725 |
| Repayments of revolving credit facility | (219,726) | (177,984) |
| Repayments of term loan | (5,625) | (5,625) |
| Payments for finance lease obligations | (33) | (22) |
| Payments of tax withholding for stock based compensation | (416) | (1,083) |
| Cash dividends paid | (2,858) | (2,893) |
| NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES | 8,283 | (6,882) |
| Effect of foreign exchange on cash | 170 | 18 |
| INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 9,196 | (10,205) |
| Cash and cash equivalents at beginning of period | 2,929 | 16,189 |
| CASH AND CASH EQUIVALENTS AT END OF PERIOD | $12,125 | $5,984 |
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