Zumiez Inc
For the period ended Feb 3, 2024. Filed Mar 14, 2024.
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FY2024 · Filed Mar 14, 2024
ZUMZ$14.38-1.9%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEM ENTS OF CASH FLOWS
| Fiscal Year Ended | |||
|---|---|---|---|
| February 3,2024 | January 28,2023 | January 29,2022 | |
| Cash flows from operating activities: | |||
| Net (loss) income | $(62,610) | $21,034 | $119,289 |
| Adjustments to reconcile net income to net cash provided (used in) by operating activities: | |||
| Depreciation, amortization and accretion | 22,763 | 21,626 | 22,930 |
| Noncash lease expense | 68,164 | 67,394 | 64,466 |
| Deferred taxes | (1,050) | 2,485 | 2,374 |
| Stock-based compensation expense | 7,022 | 6,991 | 6,816 |
| Impairment of goodwill and long-lived assets | 43,904 | 2,081 | 2,229 |
| Other | 206 | 1,176 | 2,728 |
| Changes in operating assets and liabilities: | |||
| Receivables | 6,859 | (1,716) | 2,884 |
| Inventories | 5,809 | (5,279) | 2,587 |
| Prepaid expenses and other assets | (1,817) | (1,082) | (2,824) |
| Trade accounts payable | (907) | (15,484) | (14,060) |
| Accrued payroll and payroll taxes | 2,170 | (14,895) | 3,649 |
| Income taxes payable | 2,090 | (2,320) | (5,101) |
| Operating lease liabilities | (78,983) | (76,605) | (77,657) |
| Other liabilities | 1,135 | (5,785) | 4,640 |
| Net cash provided by (used in) operating activities | 14,755 | (379) | 134,950 |
| Cash flows from investing activities: | |||
| Additions to fixed assets | (20,350) | (25,627) | (15,749) |
| Purchases of marketable securities and other investments | (38,348) | (1,914) | (160,328) |
| Sales and maturities of marketable securities and other investments | 50,150 | 81,750 | 277,720 |
| Net cash (used in) provided by investing activities | (8,548) | 54,209 | 101,643 |
| Cash flows from financing activities: | |||
| Proceeds from revolving credit facilities | 49,440 | 22,688 | 248 |
| Payments on revolving credit facilities | (49,440) | (22,688) | (248) |
| Proceeds from issuance and exercise of stock-based awards | 704 | 1,111 | 3,001 |
| Payments for tax withholdings on equity awards | — | (508) | (621) |
| Common stock repurchased | — | (87,860) | (193,789) |
| Net cash provided by (used in) financing activities | 704 | (87,257) | (191,409) |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | (1,080) | (2,172) | (1,822) |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | 5,831 | (35,599) | 43,362 |
| Cash, cash equivalents, and restricted cash, beginning of period | 88,453 | 124,052 | 80,690 |
| Cash, cash equivalents, and restricted cash, end of period | $94,284 | $88,453 | $124,052 |
| Supplemental disclosure on cash flow information: | |||
| Cash paid during the period for income taxes | $2,065 | $11,309 | $42,767 |
| Accrual for repurchase of common stock | — | — | 4,572 |
| Accrual for purchases of fixed assets | 800 | 1,433 | 984 |
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