KURA SUSHI USA INC
For the period ended Aug 31, 2024. Filed Nov 8, 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 Nov 8, 2024
KRUS$30.52+11.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Statements of Cash Flows
(amounts in thousands)
| Fiscal Years Ended August 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Cash flows from operating activities | |||
| Net income (loss) | $(8,804) | $1,502 | $(764) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities | |||
| Depreciation and amortization | 11,787 | 7,832 | 5,613 |
| Stock-based compensation | 4,314 | 3,550 | 2,409 |
| Gain on short-term investments | — | 43 | — |
| Loss on disposal of property and equipment | 22 | 53 | 12 |
| Noncash lease expense | 4,591 | 3,748 | 3,192 |
| Impairment of long-lived assets | 1,553 | — | — |
| Changes in operating assets and liabilities: | |||
| Accounts and other receivables | (1,798) | (353) | (131) |
| Inventories | (472) | (627) | (387) |
| Due from affiliate | (62) | 52 | 173 |
| Prepaid expenses and other current assets | 1,087 | (1,151) | 11,496 |
| Deposits and other assets | 336 | 146 | (326) |
| Accounts payable | 623 | 1,678 | (172) |
| Accrued expenses and other current liabilities | 1,198 | (336) | 912 |
| Salary and wages payable | 715 | 1,640 | 1,343 |
| Operating lease liabilities | 206 | (113) | (61) |
| Due to affiliate | 2 | 65 | 14 |
| Sales tax payable | 314 | 335 | 371 |
| Net cash provided by operating activities | 15,612 | 18,064 | 23,694 |
| Cash flows from investing activities | |||
| Payments for property and equipment | (44,251) | (39,068) | (26,766) |
| Payments for initial direct costs | (432) | (550) | (510) |
| Payments for purchases of liquor licenses | (275) | (1,743) | (896) |
| Purchases of short-term investments | (3,501) | (9,292) | — |
| Redemption of short- term investments | 11,999 | 750 | — |
| Net cash used in investing activities | (36,460) | (49,903) | (28,172) |
| Cash flows from financing activities | |||
| Repayment of principal on finance leases | (75) | (498) | (975) |
| Taxes paid on vested restricted stock awards | (280) | — | (154) |
| Proceeds from stock option exercises | 2,492 | 1,957 | 959 |
| Proceeds from follow-on public offering, net of discounts and commissions | — | 64,895 | — |
| Payments of costs related to the follow-on offering | — | (600) | — |
| Net cash provided by (used in) financing activities | 2,137 | 65,754 | (170) |
| (Decrease) increase in cash and cash equivalents | (18,711) | 33,915 | (4,648) |
| Cash and cash equivalents, beginning of year | 69,697 | 35,782 | 40,430 |
| Cash and cash equivalents, end of year | $50,986 | $69,697 | $35,782 |
| Supplemental disclosures of cash flow information | |||
| Cash paid for interest | $— | $— | $— |
| Cash paid for income taxes (net of refunds) | $265 | $108 | $206 |
| Noncash investing activities | |||
| Acquisition of finance leases | $34 | $61 | $34 |
| Amounts unpaid for purchases of property and equipment | $2,758 | $1,621 | $1,933 |
| Stock-based compensation capitalized to property and equipment, net | $218 | $— | $— |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.