SPORTSMAN'S WAREHOUSE HOLDINGS, INC.
For the period ended Feb 1, 2025. Filed Apr 2, 2025.
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FY2025 · Filed Apr 2, 2025
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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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Fiscal Year Ended | |||
|---|---|---|---|
| February 1, | February 3, | January 28, | |
| 2025 | 2024 | 2023 | |
| Cash flows from operating activities: | |||
| Net (loss) income | $(33,059) | $(28,997) | $40,518 |
| Adjustments to reconcile net (loss) income to net cash provided by operating activities: | |||
| Depreciation of property and equipment | 40,438 | 38,947 | 31,710 |
| Amortization of discount on debt and deferred financing fees | 353 | 154 | 184 |
| Amortization of definite lived intangible | 60 | 62 | 66 |
| Loss on asset dispositions | 612 | — | — |
| Noncash lease expense | 8,320 | 17,099 | 28,582 |
| Deferred income taxes | 1,451 | (10,049) | 3,765 |
| Stock-based compensation | 4,229 | 4,237 | 4,673 |
| Change in operating assets and liabilities, net of amounts acquired: | |||
| Accounts receivable, net | (290) | (67) | (116) |
| Operating lease liabilities | (14,585) | (8,134) | (25,336) |
| Merchandise inventories | 12,752 | 44,418 | (12,568) |
| Prepaid expenses and other | 1,124 | 2,093 | (46) |
| Accounts payable | 7,996 | 1,786 | (1,509) |
| Accrued expenses | 4,680 | (8,477) | (14,561) |
| Income taxes payable and receivable | 68 | (806) | (8,568) |
| Net cash provided by operating activities | 34,149 | 52,266 | 46,794 |
| Cash flows from investing activities: | |||
| Purchase of property and equipment | (14,556) | (79,895) | (63,511) |
| Proceeds from sale of property and equipment | 76 | — | — |
| Proceeds from sale-leaseback transactions | — | — | 2,923 |
| Net cash used in investing activities | (14,480) | (79,895) | (60,588) |
| Cash flows from financing activities: | |||
| Net borrowings on line of credit | (51,389) | 38,540 | 21,449 |
| Borrowings on term loan | 25,000 | — | — |
| Increase (Decrease) in book overdraft, net | 7,568 | (6,362) | 4,471 |
| Proceeds from issuance of common stock per employee stock purchase plan | 304 | 796 | 894 |
| Payment of withholdings on restricted stock units | (326) | (1,845) | (2,393) |
| Payments to acquire treasury stock | — | (2,748) | (64,748) |
| Payment of deferred financing costs and discount on term loan | (1,135) | — | (508) |
| Net cash (used in) provided by financing activities | (19,978) | 28,381 | (40,835) |
| Net change in cash and cash equivalents | (309) | 752 | (54,629) |
| Cash and cash equivalents at beginning of period | 3,141 | 2,389 | 57,018 |
| Cash and cash equivalents at end of period | $2,832 | $3,141 | $2,389 |
| Supplemental disclosures of cash flow information: | |||
| Cash paid during the period for: | |||
| Interest, net of amounts capitalized | $11,456 | $12,092 | $3,396 |
| Income taxes, net of refunds | 411 | 1,646 | 18,154 |
| 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 | $15,511 | $58,000 | $54,243 |
| Purchases of property and equipment included in accounts payable and accrued expenses | $257 | $334 | $9,416 |
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