Revolve Group Inc
For the period ended Dec 31, 2024. Filed Feb 25, 2025.
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FY2024 · Filed Feb 25, 2025
RVLV$19.95-1.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEM ENTS OF CASH FLOWS
(In thousands)
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Operating activities: | |||
| Net income | $48,771 | $28,147 | $58,697 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 4,429 | 5,094 | 4,791 |
| Rental product depreciation | 736 | — | — |
| Equity-based compensation | 10,028 | 5,839 | 5,862 |
| Deferred income taxes, net | (6,855) | (5,251) | (5,695) |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | 2,067 | (6,984) | (782) |
| Inventories | (24,791) | 11,637 | (43,965) |
| Income taxes receivable | 430 | 1,349 | 401 |
| Prepaid expenses and other current assets | 1,812 | (5,649) | (17,760) |
| Other assets | (13,593) | (1,365) | 1,939 |
| Accounts payable | (2,723) | (2,968) | (3,556) |
| Income taxes payable | 4 | (229) | 229 |
| Accrued expenses | (2,190) | 2,448 | 4,367 |
| Returns reserve | 5,881 | 399 | 14,085 |
| Right-of-use lease assets and current and non-current lease liabilities | (77) | 3,010 | 1,162 |
| Other current liabilities | 2,763 | 7,865 | 3,661 |
| Net cash provided by operating activities | 26,692 | 43,342 | 23,436 |
| Investing activities: | |||
| Purchases of property and equipment | (5,649) | (4,198) | (5,167) |
| Purchases of rental product | (3,038) | — | — |
| Cash paid for acquisition | (427) | — | — |
| Net cash used in investing activities | (9,114) | (4,198) | (5,167) |
| Financing activities: | |||
| Proceeds from the exercise of stock options, net of tax withholdings on share-based payment awards | 6,415 | 536 | 887 |
| Repurchases of Class A common stock | (11,778) | (30,913) | — |
| Net cash (used in) provided by financing activities | (5,363) | (30,377) | 887 |
| Effect of exchange rate changes on cash and cash equivalents | (1,064) | 1,958 | (2,887) |
| Net increase in cash and cash equivalents | 11,151 | 10,725 | 16,269 |
| Cash and cash equivalents, beginning of year | 245,449 | 234,724 | 218,455 |
| Cash and cash equivalents, end of year | $256,600 | $245,449 | $234,724 |
| Supplemental disclosure of cash flow information: | |||
| Cash paid during the period for: | |||
| Income taxes, net of refund | $22,203 | $12,995 | $23,031 |
| Operating leases | $9,305 | $7,012 | $5,858 |
| Supplemental disclosure of non-cash activities: | |||
| Lease assets obtained in exchange for new operating lease liabilities | $7,180 | $20,452 | $21,938 |
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