SPORTSMANS WAREHOUSE HOLDINGS INC
For the period ended Feb 3, 2024. Filed Apr 4, 2024.
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FY2024 · Filed Apr 4, 2024
SPWH$1.11-2.6%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Fiscal Year Ended | |||
|---|---|---|---|
| February 3, | January 28, | January 29, | |
| 2024 | 2023 | 2022 | |
| Cash flows from operating activities: | |||
| Net (loss) income | $(28,997) | $40,518 | $108,470 |
| Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities: | |||
| Depreciation of property and equipment | 38,947 | 31,710 | 26,200 |
| Amortization of deferred financing fees | 154 | 184 | 251 |
| Amortization of definite lived intangible | 62 | 66 | 26 |
| Noncash lease expense | 17,099 | 28,582 | 31,536 |
| Deferred income taxes | (10,049) | 3,765 | 5,345 |
| Stock-based compensation | 4,237 | 4,673 | 3,328 |
| Change in operating assets and liabilities, net of amounts acquired: | |||
| Accounts receivable, net | (67) | (116) | (1,356) |
| Operating lease liabilities | (8,134) | (25,336) | (26,479) |
| Merchandise inventories | 44,418 | (12,568) | (143,126) |
| Prepaid expenses and other | 2,093 | (46) | (7,093) |
| Accounts payable | 1,786 | (1,509) | (20,382) |
| Accrued expenses | (8,477) | (14,561) | (2,929) |
| Income taxes payable and receivable | (806) | (8,568) | 4,583 |
| Net cash provided by (used in) operating activities | 52,266 | 46,794 | (21,626) |
| Cash flows from investing activities: | |||
| Purchase of property and equipment, net of amounts acquired | (79,895) | (63,511) | (53,452) |
| Proceeds from sale-leaseback transactions | — | 2,923 | — |
| Net cash used in investing activities | (79,895) | (60,588) | (53,452) |
| Cash flows from financing activities: | |||
| Net borrowings on line of credit | 38,540 | 21,449 | 66,054 |
| Increase (Decrease) in book overdraft, net | (6,362) | 4,471 | 2,806 |
| Proceeds from issuance of common stock per employee stock purchase plan | 796 | 894 | — |
| Payment of withholdings on restricted stock units | (1,845) | (2,393) | (2,289) |
| Payments to acquire treasury stock | (2,748) | (64,748) | — |
| Payment of deferred financing costs | — | (508) | — |
| Net cash provided by (used in) financing activities | 28,381 | (40,835) | 66,571 |
| Net change in cash and cash equivalents | 752 | (54,629) | (8,507) |
| Cash and cash equivalents at beginning of period | 2,389 | 57,018 | 65,525 |
| Cash and cash equivalents at end of period | $3,141 | $2,389 | $57,018 |
| Supplemental disclosures of cash flow information: | |||
| Cash paid during the period for: | |||
| Interest, net of amounts capitalized | $12,092 | $3,396 | $1,380 |
| Income taxes, net of refunds | 1,646 | 18,154 | 25,841 |
| Supplemental schedule of noncash activities: | |||
| Noncash change in operating lease right of use asset and operating lease liabilities from remeasurement of existing leases and addition of new leases | $58,000 | $54,243 | $39,437 |
| Purchases of property and equipment included in accounts payable and accrued expenses | $334 | $9,416 | $3,821 |
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