SANFILIPPO JOHN B & SON INC
For the period ended Dec 28, 2023. Filed Feb 1, 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.
Dec 28, 2023 · Filed Feb 1, 2024
JBSS$56.11-1.8%Stored close · as of Nov 10, 2026
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Consolidated Statements of Cash Flows for the
(Dollars in thousands)
| For the Twenty-Six Weeks Ended | ||
|---|---|---|
| December 28,2023 | December 29,2022 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net income | $36,759 | $32,452 |
| Depreciation and amortization | 11,715 | 10,099 |
| Loss on disposition of assets, net | 140 | 19 |
| Deferred income tax expense | 2,280 | 628 |
| Stock-based compensation expense | 2,130 | 2,287 |
| Bargain purchase gain, net | (2,226) | — |
| Change in assets and liabilities: | ||
| Accounts receivable, net | (4,542) | (2,822) |
| Inventories | 11,101 | 32,020 |
| Prepaid expenses and other current assets | (2,942) | (1,885) |
| Accounts payable | 20,557 | 1,492 |
| Accrued expenses | (10,077) | (1,794) |
| Income taxes receivable | (4,180) | (2,523) |
| Other long-term assets and liabilities | 132 | 721 |
| Other, net | 325 | 258 |
| Net cash provided by operating activities | 61,172 | 70,952 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Purchases of property, plant and equipment | (10,882) | (11,420) |
| Business acquisitions, net | (58,974) | (3,500) |
| Other, net | (53) | (56) |
| Net cash used in investing activities | (69,909) | (14,976) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Net short-term borrowings (repayments) | 32,052 | (17,634) |
| Debt issue costs | (316) | — |
| Principal payments on long-term debt | (328) | (1,984) |
| Increase in bank overdraft | 1,215 | 1,756 |
| Dividends paid | (23,175) | (37,553) |
| Taxes paid related to net share settlement of equity awards | (684) | (356) |
| Net cash provided by (used in) financing activities | 8,764 | (55,771) |
| NET INCREASE IN CASH AND CASH EQUIVALENTS | 27 | 205 |
| Cash and cash equivalents, beginning of period | 1,948 | 415 |
| Cash, end of period | $1,975 | $620 |
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