KURA SUSHI USA INC
For the period ended Nov 30, 2023. Filed Jan 4, 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.
Nov 30, 2023 · Filed Jan 4, 2024
KRUS$27.96-8.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Statements of Cash Flows
(amounts in thousands)
| Three Months Ended November 30, | ||
|---|---|---|
| 2023 | 2022 | |
| Cash flows from operating activities | ||
| Net loss | $(2,047) | $(2,088) |
| Adjustments to reconcile net loss to net cash provided by operating activities | ||
| Depreciation and amortization | 2,600 | 1,661 |
| Stock-based compensation, net of amounts capitalized | 1,006 | 650 |
| Non-cash lease expense | 1,070 | 844 |
| Changes in operating assets and liabilities: | ||
| Accounts and other receivables | 93 | 108 |
| Inventories | (24) | (158) |
| Due from affiliate | 102 | 122 |
| Prepaid expenses and other current assets | 243 | (568) |
| Deposits and other assets | 5 | 43 |
| Accounts payable | (411) | (896) |
| Accrued expenses and other current liabilities | 1,380 | 1,061 |
| Salaries and wages payable | (1,428) | (474) |
| Operating lease liabilities | (135) | (162) |
| Due to affiliate | (22) | 567 |
| Sales tax payable | (4) | (181) |
| Net cash provided by operating activities | 2,428 | 529 |
| Cash flows from investing activities | ||
| Payments for property and equipment | (9,395) | (8,344) |
| Payments for initial direct costs | (45) | (95) |
| Payments for purchases of liquor licenses | (79) | (811) |
| Purchases of short-term investments | (3,000) | — |
| Redemption of short-term investments | 4,499 | — |
| Net cash used in investing activities | (8,020) | (9,250) |
| Cash flows from financing activities | ||
| Repayment of principal on finance leases | (54) | (178) |
| Proceeds from exercise of stock options | 110 | 51 |
| Net cash provided by (used in) financing activities | 56 | (127) |
| Increase (decrease) in cash and cash equivalents | (5,536) | (8,848) |
| Cash and cash equivalents, beginning of period | 69,697 | 35,782 |
| Cash and cash equivalents, end of period | $64,161 | $26,934 |
| Supplemental disclosures of cash flow information | ||
| Cash paid for income taxes | $— | $65 |
| Noncash investing activities | ||
| Acquisition of finance leases | $28 | $— |
| Amounts unpaid for purchases of property and equipment | $2,865 | $1,095 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.