TRACTOR SUPPLY CO DE
For the period ended Dec 28, 2024. Filed Feb 20, 2025.
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FY2024 · Filed Feb 20, 2025
TSCO$37.50+0.3%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
| Fiscal Year | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| (52 weeks) | (52 weeks) | (53 weeks) | |
| Cash flows from operating activities: | |||
| Net income | $1,101,240 | $1,107,226 | $1,088,712 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 447,162 | 393,049 | 343,062 |
| (Gain)/loss on disposition of property and equipment | (62,500) | (48,013) | 2,158 |
| Share-based compensation expense | 48,367 | 57,015 | 53,832 |
| Deferred income taxes | (22,602) | 6,172 | 51,693 |
| Change in assets and liabilities: | |||
| Inventories | (194,323) | 40,872 | (349,742) |
| Prepaid expenses and other current assets | 11,484 | 22,380 | (64,060) |
| Accounts payable | 56,374 | (218,829) | 162,335 |
| Accrued employee compensation | 9,375 | (31,498) | 6,433 |
| Other accrued expenses | 20,917 | (13,082) | (13,137) |
| Income taxes | (19,174) | (11,931) | 26,570 |
| Other | 24,515 | 30,672 | 49,123 |
| Net cash provided by operating activities | 1,420,835 | 1,334,033 | 1,356,979 |
| Cash flows from investing activities: | |||
| Capital expenditures | (784,047) | (753,883) | (773,369) |
| Proceeds from sale of property and equipment | 140,129 | 86,504 | 1,044 |
| Acquisition of Orscheln, net of cash acquired | — | — | (390,765) |
| Proceeds from sale of business assets | — | 14,310 | 69,364 |
| Net cash used in investing activities | (643,918) | (653,069) | (1,093,726) |
| Cash flows from financing activities: | |||
| Borrowings under debt facilities | 785,000 | 1,767,000 | 1,010,000 |
| Repayments under debt facilities | (685,000) | (1,195,000) | (832,000) |
| Debt discounts and issuance costs | — | (9,729) | — |
| Principal payments under finance lease liabilities | (4,787) | (4,808) | (4,058) |
| Repurchase of shares to satisfy tax obligations | (23,941) | (24,245) | (28,592) |
| Repurchase of common stock | (560,634) | (594,390) | (700,063) |
| Net proceeds from issuance of common stock | 39,357 | 24,397 | 25,535 |
| Cash dividends paid to stockholders | (472,492) | (449,620) | (409,603) |
| Net cash used in financing activities | (922,497) | (486,395) | (938,781) |
| Net increase/(decrease) in cash and cash equivalents | (145,580) | 194,569 | (675,528) |
| Cash and cash equivalents at beginning of period | 397,071 | 202,502 | 878,030 |
| Cash and cash equivalents at end of period | $251,491 | $397,071 | $202,502 |
| Supplemental disclosures of cash flow information: | |||
| Cash paid during the period for: | |||
| Interest, net of amounts capitalized | $65,865 | $56,315 | $26,637 |
| Income taxes cash paid | 351,464 | 325,222 | 239,129 |
| Supplemental disclosures of non-cash activities: | |||
| Non-cash accruals for property and equipment | $82,324 | $60,055 | $45,742 |
| Increase in operating lease liabilities resulting from new or modified right-of-use assets | 659,008 | 628,991 | 416,547 |
| Increase in finance lease liabilities resulting from new or modified right-of-use assets | — | 450 | 5,143 |
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