VINCE HOLDING CORP.
For the period ended Feb 1, 2025. Filed May 2, 2025.
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FY2025 · Filed May 2, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
(In thousands, except share and per share data)
| February 1, | February 3, | |
|---|---|---|
| 2025 | 2024 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $607 | $357 |
| Trade receivables, net of allowance for doubtful accounts $335 and $377 at February 1, 2025 and February 3, 2024, respectively 1 | 32,927 | 20,671 |
| Inventories, net | 59,146 | 58,777 |
| Prepaid expenses and other current assets | 3,896 | 4,997 |
| Total current assets | 96,576 | 84,802 |
| Property and equipment, net | 7,378 | 6,972 |
| Operating lease right-of-use assets, net | 91,209 | 73,003 |
| Goodwill | — | 31,973 |
| Equity method investment | 23,464 | 26,147 |
| Other assets | 4,108 | 2,252 |
| Total assets | $222,735 | $225,149 |
| Liabilities and Stockholders' Equity | ||
| Current liabilities: | ||
| Accounts payable | $35,090 | $31,678 |
| Accrued salaries and employee benefits | 8,709 | 3,967 |
| Other accrued expenses 2 | 13,722 | 8,980 |
| Short-term lease liabilities | 16,025 | 16,803 |
| Total current liabilities | 73,546 | 61,428 |
| Long-term debt 3 | 19,156 | 43,950 |
| Long-term lease liabilities | 87,180 | 67,705 |
| Deferred income tax liability | 631 | 4,913 |
| Other liabilities | 463 | — |
| Commitments and contingencies (Note 6) | ||
| Stockholders' equity: | ||
| Common stock at $0.01 par value (100,000,000 shares authorized, 12,758,852 and 12,506,556 shares issued and outstanding at February 1, 2025 and February 3, 2024, respectively) | 128 | 125 |
| Additional paid-in capital | 1,158,279 | 1,144,740 |
| Accumulated deficit | (1,116,681) | (1,097,634) |
| Accumulated other comprehensive income (loss) | 33 | (78) |
| Total stockholders' equity | 41,759 | 47,153 |
| Total liabilities and stockholders' equity | $222,735 | $225,149 |
1 Includes receivables of $638 and $189 as of February 1, 2025 and February 3, 2024, respectively, which is with related parties.
2 Includes accrued royalty expense of $3,513 and $361 as of February 1, 2025 and February 3, 2024, respectively, which is with a related party.
3 Includes Third Lien Credit Facility of $29,982 as of February 3, 2024, which was with a former related party.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.