KURA SUSHI USA INC
For the period ended May 31, 2024. Filed Jul 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.
May 31, 2024 · Filed Jul 9, 2024
KRUS$27.96-8.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Statements of Cash Flows
(amounts in thousands)
| Nine Months Ended May 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities | ||
| Net loss | $(3,603) | $(1,423) |
| Adjustments to reconcile net loss to net cash provided by operating activities | ||
| Depreciation and amortization | 8,612 | 5,574 |
| Stock-based compensation, net of amounts capitalized | 3,169 | 2,570 |
| Loss on disposal of property and equipment | — | 53 |
| Non-cash lease expense | 3,407 | 2,820 |
| Changes in operating assets and liabilities: | ||
| Accounts and other receivables | (587) | (230) |
| Inventories | (385) | (267) |
| Due from affiliate | 104 | 156 |
| Prepaid expenses and other current assets | 1,326 | (1,876) |
| Deposits and other assets | 443 | 122 |
| Accounts payable | 11 | (71) |
| Accrued expenses and other current liabilities | 1,485 | (1,176) |
| Salaries and wages payable | 1,001 | 977 |
| Operating lease liabilities | 3 | (341) |
| Due to affiliate | (23) | 26 |
| Sales tax payable | (20) | 149 |
| Net cash provided by operating activities | 14,943 | 7,063 |
| Cash flows from investing activities | ||
| Payments for property and equipment | (33,977) | (27,215) |
| Payments for initial direct costs | (309) | (320) |
| Payments for purchases of liquor licenses | (219) | (947) |
| Purchases of short-term investments | (3,251) | (8,749) |
| Redemption of short-term investments | 10,499 | — |
| Net cash used in investing activities | (27,257) | (37,231) |
| Cash flows from financing activities | ||
| Repayment of principal on finance leases | (60) | (446) |
| Taxes paid on vested restricted stock awards | (217) | — |
| Proceeds from exercise of stock options | 2,299 | 1,007 |
| Proceeds from the follow-on public offering, net of discounts and commissions | — | 64,895 |
| Payments of costs related to the follow-on offering | — | (596) |
| Net cash provided by financing activities | 2,022 | 64,860 |
| Decrease in cash and cash equivalents | (10,292) | 34,692 |
| Cash and cash equivalents, beginning of period | 69,697 | 35,782 |
| Cash and cash equivalents, end of period | $59,405 | $70,474 |
| Supplemental disclosures of cash flow information | ||
| Cash paid for income taxes | $282 | $185 |
| Noncash investing activities | ||
| Amounts unpaid for purchases of property and equipment | $1,276 | $1,706 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.