Leslies Inc
For the period ended Sep 28, 2024. Filed Nov 27, 2024.
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FY2024 · Filed Nov 27, 2024
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Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flow
Consolidated Statements of Cash Flows
(Amounts in Thousands)
| Year Ended | |||
|---|---|---|---|
| September 28, 2024 | September 30, 2023 | October 1, 2022 | |
| Operating Activities | |||
| Net (loss) income | $(23,379) | $27,242 | $159,029 |
| Adjustments to reconcile net (loss) income to net cash provided by operating activities: | |||
| Depreciation and amortization | 33,078 | 34,142 | 30,769 |
| Equity-based compensation | 8,589 | 11,703 | 11,346 |
| Amortization of deferred financing costs and debt discounts | 2,191 | 2,100 | 1,982 |
| Provision for doubtful accounts | 1,466 | 193 | 1,186 |
| Deferred income taxes | 3,430 | (6,330) | 2,466 |
| Loss on asset dispositions | 464 | 6,396 | 466 |
| Changes in operating assets and liabilities: | |||
| Accounts and other receivables | (18,684) | 16,101 | (7,621) |
| Inventories | 85,879 | 54,331 | (143,147) |
| Prepaid expenses and other current assets | (1,019) | (3,466) | (1,476) |
| Other assets | 6,861 | (9,990) | (12,670) |
| Accounts payable | 1,889 | (97,900) | 55,496 |
| Accrued expenses | 5,209 | (22,148) | (31,655) |
| Income taxes payable | (4,655) | (6,729) | 5,566 |
| Operating lease assets and liabilities, net | 6,147 | 825 | (5,093) |
| Net cash provided by operating activities | 107,466 | 6,470 | 66,644 |
| Investing Activities | |||
| Purchases of property and equipment | (47,244) | (38,577) | (31,726) |
| Business acquisitions, net of cash acquired | — | (15,549) | (107,663) |
| Proceeds from asset dispositions | 81 | 1,587 | 408 |
| Net cash used in investing activities | (47,163) | (52,539) | (138,981) |
| Financing Activities | |||
| Borrowings on Revolving Credit Facility | 140,500 | 264,000 | 45,000 |
| Payments on Revolving Credit Facility | (140,500) | (264,000) | (45,000) |
| Repayment of long-term debt | (6,075) | (8,100) | (8,100) |
| Payment on finance lease | (145) | — | — |
| Payment of deferred financing costs | — | (347) | — |
| Proceeds from options exercised | — | — | 1,378 |
| Repurchase and retirement of common stock | — | — | (152,146) |
| Payments of employee tax withholdings related to restricted stock vesting | (998) | (2,357) | — |
| Net cash used in financing activities | (7,218) | (10,804) | (158,868) |
| Net increase (decrease) in cash and cash equivalents | 53,085 | (56,873) | (231,205) |
| Cash and cash equivalents, beginning of year | 55,420 | 112,293 | 343,498 |
| Cash and cash equivalents, end of year | $108,505 | $55,420 | $112,293 |
| Supplemental Information: | |||
| Interest | $63,242 | $63,059 | $32,617 |
| Income taxes, net of refunds received | 10,933 | 22,559 | 41,149 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.