Sally Beauty Holdings Inc
For the period ended Dec 31, 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 31, 2023 · Filed Feb 1, 2024
SBH$20.54+5.4%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
| Three Months Ended December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Cash Flows from Operating Activities: | ||
| Net earnings | $38,390 | $50,337 |
| Adjustments to reconcile net earnings to net cash provided by operating activities: | ||
| Depreciation and amortization | 28,063 | 25,285 |
| Share-based compensation expense | 5,118 | 5,135 |
| Amortization of deferred financing costs | 637 | 648 |
| Impairment of long-lived assets, including operating lease assets | — | 2,103 |
| Loss on disposal of equipment and other property | 2 | 77 |
| Deferred income taxes | (3,237) | 889 |
| Changes in (exclusive of effects of acquisitions): | ||
| Trade accounts receivable | 1,715 | 2,270 |
| Accounts receivable, other | (3,294) | (3,817) |
| Inventory | (24,159) | (38,019) |
| Other current assets | (1,117) | (4,018) |
| Other assets | (1,709) | 4,074 |
| Operating leases, net | (641) | (10,392) |
| Accounts payable and accrued liabilities | (642) | 7,606 |
| Income taxes payable | 12,586 | 12,460 |
| Other liabilities | (692) | 313 |
| Net cash provided by operating activities | 51,020 | 54,951 |
| Cash Flows from Investing Activities: | ||
| Payments for property and equipment, net of proceeds | (30,551) | (25,007) |
| Acquisitions, net of cash acquired | (218) | — |
| Net cash used by investing activities | (30,769) | (25,007) |
| Cash Flows from Financing Activities: | ||
| Proceeds from issuance of long-term debt | 67,000 | 229,000 |
| Repayments of long-term debt | (68,052) | (233,927) |
| Proceeds from equity awards | 216 | 60 |
| Payments for common stock repurchased | (20,200) | — |
| Employee withholding taxes paid related to net share settlement of equity awards | (1,740) | (1,125) |
| Net cash used by financing activities | (22,776) | (5,992) |
| Effect of foreign exchange rate changes on cash and cash equivalents | 523 | 4,561 |
| Net (decrease) increase in cash and cash equivalents | (2,002) | 28,513 |
| Cash and cash equivalents, beginning of period | 123,001 | 70,558 |
| Cash and cash equivalents, end of period | $120,999 | $99,071 |
| Supplemental Cash Flow Information: | ||
| Interest paid | $27,272 | $26,758 |
| Income taxes paid | $3,495 | $3,081 |
| Capital expenditures incurred but not paid | $5,206 | $5,542 |
Sally Beauty Holdings, Inc. and Subsidiaries
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.