Fossil Group Inc
For the period ended Sep 28, 2024. Filed Nov 7, 2024.
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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 28, 2024 · Filed Nov 7, 2024
FOSL$7.87-2.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| For the 39 Weeks Ended September 28, 2024 | For the 39 Weeks Ended September 30, 2023 | |
|---|---|---|
| Operating Activities: | ||
| Net income (loss) | $(95,087) | $(128,279) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation, amortization and accretion | 12,241 | 14,487 |
| Non-cash lease expense | 49,158 | 56,515 |
| Stock-based compensation | 2,178 | 4,580 |
| Decrease in allowance for returns and markdowns | (6,932) | (231) |
| Net gain on disposal of assets | (4,182) | (3,258) |
| Property, plant and equipment and other long-lived asset impairment losses | 1,935 | 838 |
| Non-cash restructuring charges | 501 | 5,048 |
| Bad debt expense | 5,518 | 2,986 |
| Other non-cash items | 2,497 | 1,385 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 8,248 | 11,228 |
| Inventories | 26,602 | 45,879 |
| Prepaid expenses and other current assets | 79,620 | 16,490 |
| Accounts payable | 13,279 | (31,124) |
| Accrued expenses | (17,773) | (23,732) |
| Income taxes | (6,162) | (15,535) |
| Operating lease liabilities | (55,470) | (65,239) |
| Net cash provided by (used in) operating activities | 16,171 | (107,962) |
| Investing Activities: | ||
| Additions to property, plant and equipment | (4,724) | (7,172) |
| Decrease (increase) in intangible and other assets | 1,048 | (1,247) |
| Proceeds from the sale of property, plant and equipment | 7,822 | 23 |
| Net cash provided by (used in) investing activities | 4,146 | (8,396) |
| Financing Activities: | ||
| Acquisition of common stock | (111) | (529) |
| Debt borrowings | 69,708 | 162,615 |
| Debt payments | (102,981) | (124,013) |
| Payment for shares of Fossil Accessories South Africa Pty. Ltd. | (422) | (2,316) |
| Net cash (used in) provided by financing activities | (33,806) | 35,757 |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | 2,643 | (2,751) |
| Net decrease in cash, cash equivalents, and restricted cash | (10,846) | (83,352) |
| Cash, cash equivalents, and restricted cash: | ||
| Beginning of period | 121,583 | 204,075 |
| End of period | $110,737 | $120,723 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.