SPORTSMANS WAREHOUSE HOLDINGS INC
For the period ended Nov 2, 2024. Filed Dec 11, 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.
Nov 2, 2024 · Filed Dec 11, 2024
SPWH$1.11-2.6%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
| Thirty-Nine Weeks Ended | ||
|---|---|---|
| November 2, | October 28, | |
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net loss | $(24,336) | $(20,258) |
| Adjustments to reconcile net income to net cash used in operating activities: | ||
| Depreciation of property and equipment | 30,491 | 28,367 |
| Amortization of discount on debt and deferred financing fees | 217 | 114 |
| Amortization of definite lived intangible | 45 | 45 |
| Loss on asset dispositions | 501 | — |
| Noncash lease expense | 3,239 | 24,493 |
| Deferred income taxes | (6,975) | (6,664) |
| Stock-based compensation | 3,438 | 3,341 |
| Change in operating assets and liabilities, net of amounts acquired: | ||
| Accounts receivable, net | 673 | (1,051) |
| Operating lease liabilities | (7,964) | (10,539) |
| Merchandise inventories | (83,426) | (47,196) |
| Prepaid expenses and other | 220 | (7,403) |
| Accounts payable | 56,128 | 26,081 |
| Accrued expenses | 9,727 | (4,413) |
| Income taxes payable and receivable | (649) | (1,554) |
| Net cash used in operating activities | (18,671) | (16,637) |
| Cash flows from investing activities: | ||
| Purchase of property and equipment, net of amounts acquired | (11,305) | (71,170) |
| Proceeds from sale of property and equipment | 55 | — |
| Net cash used in investing activities | (11,250) | (71,170) |
| Cash flows from financing activities: | ||
| Net borrowings on line of credit | 3,999 | 97,885 |
| Borrowings on term loan | 25,000 | — |
| Increase (Decrease) in book overdraft | 1,670 | (5,611) |
| Proceeds from issuance of common stock per employee stock purchase plan | 208 | 456 |
| Payments to acquire treasury stock | — | (2,748) |
| Payment of withholdings on restricted stock units | (296) | (1,649) |
| Payment of deferred financing costs and discount on term loan | (1,135) | — |
| Net cash provided by financing activities | 29,446 | 88,333 |
| Net change in cash and cash equivalents | (475) | 526 |
| Cash and cash equivalents at beginning of period | 3,141 | 2,389 |
| Cash and cash equivalents at end of period | $2,666 | $2,915 |
| Supplemental disclosures of cash flow information: | ||
| Cash paid during the period for: | ||
| Interest, net of amounts capitalized | $9,013 | $8,551 |
| Income taxes, net of refunds | 260 | 1,554 |
| Supplemental schedule of noncash activities: | ||
| Noncash change in operating lease right of use asset and operating lease liabilities from remeasurement of existing leases and addition of new leases | $14,620 | $52,314 |
| Purchases of property and equipment included in accounts payable and accrued expenses | $774 | $3,583 |
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