LANDS END INC
For the period ended Aug 2, 2024. Filed Sep 5, 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.
Aug 2, 2024 · Filed Sep 5, 2024
LE$9.49-3.0%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
| 26 Weeks Ended | ||
|---|---|---|
| (in thousands) | August 2, 2024 | July 28, 2023 |
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net loss | $(11,693) | $(9,670) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | ||
| Depreciation and amortization | 17,697 | 18,844 |
| Amortization of debt issuance costs | 1,354 | 1,634 |
| Loss on disposal of property and equipment | 52 | 100 |
| Stock-based compensation | 2,658 | 1,893 |
| Deferred income taxes | 329 | 4,905 |
| Long-lived asset impairment | 2,805 | — |
| Other | (276) | (255) |
| Change in operating assets and liabilities: | ||
| Accounts receivable, net | 7,834 | 19,861 |
| Inventories, net | (10,346) | 30,427 |
| Accounts payable | 14,023 | (8,988) |
| Other operating assets | (2,031) | 2,354 |
| Other operating liabilities | (17,497) | (6,278) |
| Net cash provided by operating activities | 4,909 | 54,827 |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Sales of property and equipment | 20 | — |
| Purchases of property and equipment | (11,470) | (22,862) |
| Net cash used in investing activities | (11,450) | (22,862) |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Proceeds from borrowings under ABL Facility | 49,000 | 118,000 |
| Payments of borrowings under ABL Facility | (29,000) | (148,000) |
| Payments on term loan | (6,500) | (6,875) |
| Payments of debt issuance costs | (724) | (45) |
| Payments for taxes related to net share settlement of equity awards | (1,041) | (1,199) |
| Purchases and retirement of common stock, including excise tax paid | (4,845) | (6,789) |
| Net cash provided by (used in) financing activities | 6,890 | (44,908) |
| Effects of exchange rate changes on cash, cash equivalents and restricted cash | 248 | (5) |
| NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | 597 | (12,948) |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD | 27,290 | 41,391 |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD | $27,887 | $28,443 |
| SUPPLEMENTAL CASH FLOW DATA | ||
| Unpaid liability to acquire property and equipment | $1,698 | $3,551 |
| Income taxes paid (refunded) | $67 | $(298) |
| Interest paid | $20,636 | $22,138 |
| Operating lease right-of-use-assets obtained in exchange for lease liabilities | $— | $1,542 |
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