VINCE HOLDING CORP
For the period ended Feb 3, 2024. Filed May 2, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed May 2, 2024
VNCE$12.94-1.2%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
| Twelve Months Ended | ||
|---|---|---|
| February 3, 2024 | January 28, 2023 | |
| Operating activities | ||
| Net income (loss) | $25,446 | $(38,346) |
| Add (deduct) items not affecting operating cash flows: | ||
| Impairment of intangible assets | — | 1,700 |
| Impairment of long-lived assets | — | 1,880 |
| Depreciation and amortization | 4,939 | 8,334 |
| Allowance for doubtful accounts | 104 | 424 |
| Gain on sale of intangible assets | (32,808) | (1,620) |
| Loss on disposal of property and equipment | 260 | 121 |
| Amortization of deferred financing costs | 758 | 1,267 |
| Deferred income taxes | (4,021) | 2,866 |
| Share-based compensation expense | 1,541 | 2,095 |
| Capitalized PIK Interest due to loan with related party | 4,026 | 2,869 |
| Loss on debt extinguishment | 3,136 | — |
| Equity in net income of equity method investment, net of distributions | (121) | — |
| Changes in assets and liabilities: | ||
| Receivables, net | (42) | 8,787 |
| Inventories | 31,236 | (11,462) |
| Prepaid expenses and other current assets | (655) | 1,198 |
| Accounts payable and accrued expenses | (23,994) | 2,704 |
| Other assets and liabilities | (8,165) | (2,078) |
| Net cash provided by (used in) operating activities | 1,640 | (19,261) |
| Investing activities | ||
| Payments for capital expenditures | (1,460) | (2,782) |
| Transaction costs related to equity method investment | (525) | — |
| Proceeds from sale of intangible assets | 77,525 | 4,250 |
| Net cash provided by investing activities | 75,540 | 1,468 |
| Financing activities | ||
| Proceeds from borrowings under the Revolving Credit Facilities | 245,116 | 402,652 |
| Repayment of borrowings under the Revolving Credit Facilities | (289,387) | (378,778) |
| Repayment of borrowings under the Term Loan Facilities | (29,378) | (5,622) |
| Proceeds from common stock issuance, net of certain fees | — | 825 |
| Tax withholdings related to restricted stock vesting | (142) | (213) |
| Proceeds from stock option exercises, restricted stock vesting, and issuance of common stock under employee stock purchase plan | 48 | 75 |
| Financing fees | (3,336) | (1,128) |
| Net cash (used in) provided by financing activities | (77,079) | 17,811 |
| Increase in cash, cash equivalents, and restricted cash | 101 | 18 |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | 2 | 2 |
| Cash, cash equivalents, and restricted cash, beginning of period | 1,116 | 1,096 |
| Cash, cash equivalents, and restricted cash, end of period | 1,219 | 1,116 |
| Less: restricted cash at end of period | 862 | 37 |
| Cash and cash equivalents per balance sheet at end of period | $357 | $1,079 |
| Supplemental Disclosures of Cash Flow Information | ||
| Cash payments for interest | $6,400 | $3,352 |
| Cash payments for income taxes, net of refunds | 752 | 165 |
| Supplemental Disclosures of Non-Cash Investing and Financing Activities | ||
| Non-cash equity method investment | 25,500 | — |
| Capital expenditures in accounts payable and accrued liabilities | 117 | 19 |
| Deferred financing fees in accrued liabilities | 1 | 1,050 |
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