Vital Farms Inc
For the period ended Mar 31, 2024. Filed May 9, 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.
Mar 31, 2024 · Filed May 9, 2024
VITL$10.01-0.4%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
(Amounts in thousands)
| 13-Weeks Ended | ||
|---|---|---|
| March 31,2024 | March 26,2023 | |
| Cash flows from operating activities: | ||
| Net income | $19,023 | $7,150 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 2,297 | 1,693 |
| Reduction in the carrying amount of right-of-use assets | 1,673 | 793 |
| Amortization of available-for-sale debt securities | 65 | 163 |
| Stock-based compensation expense | 1,982 | 2,241 |
| Deferred taxes | — | 445 |
| Net realized losses on derivative instruments | 300 | 1,047 |
| Other | (289) | 139 |
| Net change in operating assets and liabilities | (1,102) | (8,268) |
| Net cash provided by operating activities | $23,949 | $5,403 |
| Cash flows from investing activities: | ||
| Purchases of property, plant and equipment | (1,324) | (1,802) |
| Purchases of derivative instruments | (669) | (220) |
| Maturities and calls of available-for-sale debt securities | 9,020 | 8,935 |
| Proceeds from the sale of property, plant and equipment | — | 1,054 |
| Return of investment in variable interest entity | — | 552 |
| Net cash provided by investing activities | $7,027 | $8,519 |
| Cash flows from financing activities: | ||
| Proceeds from borrowing under revolving line of credit | — | 7,500 |
| Proceeds from exercise of stock options | 824 | — |
| Repayment of revolving line of credit | — | (7,500) |
| Payment of tax withholding obligation on vested RSU shares | (1,310) | (614) |
| Principal payments under finance lease obligations | (819) | (384) |
| Net cash used in financing activities | $(1,305) | $(998) |
| Net increase in cash and cash equivalents | 29,671 | 12,924 |
| Cash and cash equivalents at beginning of the period | 84,149 | 12,914 |
| Cash and cash equivalents at end of the period | $113,820 | $25,838 |
| Supplemental disclosure of cash flow information: | ||
| Cash paid for interest | $255 | $134 |
| Cash paid for income taxes | — | $2 |
| Supplemental disclosure of non-cash investing and financing activities: | ||
| Purchases of property, plant and equipment included in accounts payable and accrued liabilities | $623 | $891 |
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