VINCE HOLDING CORP.
For the period ended Feb 1, 2025. Filed May 2, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed May 2, 2025
VNCE$12.94-1.2%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
(In thousands)
| Twelve Months Ended | ||
|---|---|---|
| February 1, 2025 | February 3, 2024 | |
| Operating activities | ||
| Net (loss) income | $(19,047) | $25,446 |
| Add (deduct) items not affecting operating cash flows: | ||
| Impairment of goodwill | 31,973 | — |
| Depreciation and amortization | 4,006 | 4,939 |
| Allowance for doubtful accounts | 9 | 104 |
| Gain on sale of intangible assets | — | (32,808) |
| Gain on sale of subsidiary | (7,634) | — |
| Loss on disposal of property and equipment | 88 | 260 |
| Amortization of deferred financing costs | 312 | 758 |
| Deferred income taxes | (4,282) | (4,021) |
| Share-based compensation expense | 1,588 | 1,541 |
| Capitalized PIK Interest due to loan with former related party | 4,515 | 4,026 |
| Loss on debt extinguishment | — | 3,136 |
| Equity in net income of equity method investment, net of distributions | 2,683 | (121) |
| Changes in assets and liabilities: | ||
| Receivables, net | (11,652) | (42) |
| Inventories | (376) | 31,236 |
| Prepaid expenses and other current assets | 298 | (655) |
| Accounts payable and accrued expenses | 19,820 | (23,994) |
| Other assets and liabilities | (242) | (8,165) |
| Net cash provided by operating activities | 22,059 | 1,640 |
| Investing activities | ||
| Payments for capital expenditures | (4,232) | (1,460) |
| Transaction costs related to equity method investment | — | (525) |
| Proceeds from sale of intangible assets | — | 77,525 |
| Net cash (used in) provided by investing activities | (4,232) | 75,540 |
| Financing activities | ||
| Proceeds from borrowings under the Revolving Credit Facilities | 211,213 | 245,116 |
| Repayment of borrowings under the Revolving Credit Facilities | (214,027) | (289,387) |
| Repayment of borrowings under the Term Loan Facilities | — | (29,378) |
| Repayment of borrowings under the Third Lien Credit Facility | (15,000) | — |
| Tax withholdings related to restricted stock vesting | (264) | (142) |
| Proceeds from issuance of common stock under employee stock purchase plan | 29 | 48 |
| Financing fees | (332) | (3,336) |
| Net cash used in financing activities | (18,381) | (77,079) |
| (Decrease) increase in cash, cash equivalents, and restricted cash | (554) | 101 |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | 1 | 2 |
| Cash, cash equivalents, and restricted cash, beginning of period | 1,219 | 1,116 |
| Cash, cash equivalents, and restricted cash, end of period | 666 | 1,219 |
| Less: restricted cash at end of period | 59 | 862 |
| Cash and cash equivalents per balance sheet at end of period | $607 | $357 |
| Supplemental Disclosures of Cash Flow Information | ||
| Cash payments for interest | $1,784 | $6,400 |
| Cash payments for income taxes, net of refunds | 25 | 752 |
| Supplemental Disclosures of Non-Cash Investing and Financing Activities | ||
| Non-cash equity method investment | — | 25,500 |
| Deemed contribution in connection with debt extinguishment | 11,575 | — |
| Capital expenditures in accounts payable and accrued liabilities | 782 | 117 |
| Contribution from principal stockholder in accounts receivable | 614 | — |
| Deferred financing fees in accrued liabilities | 135 | 1 |
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