COLUMBIA SPORTSWEAR CO
For the period ended Sep 30, 2024. Filed Nov 7, 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.
Sep 30, 2024 · Filed Nov 7, 2024
COLM$72.26-0.3%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 (Unaudited)
Table of Contents Notes to unaudited Condensed Consolidated Financial Statements
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)
| Nine Months Ended September 30, | ||
|---|---|---|
| (in thousands) | 2024 | 2023 |
| Cash flows from operating activities: | ||
| Net income | $120,716 | $158,060 |
| Adjustments to reconcile net income to net cash provided by (used in) operating activities: | ||
| Depreciation and amortization | 42,187 | 42,290 |
| Non-cash lease expense | 56,903 | 51,075 |
| Provision for uncollectible accounts receivable | 3,183 | 2,010 |
| Deferred income taxes | 2,180 | 4,236 |
| Stock-based compensation | 18,478 | 17,026 |
| Other, net | (11,278) | 568 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (162,252) | (146,139) |
| Inventories | (50,336) | 135,417 |
| Prepaid expenses and other current assets | 5,008 | 26,809 |
| Other assets | (195) | (3,106) |
| Accounts payable | (17,044) | (152,168) |
| Accrued liabilities | (7,823) | (42,251) |
| Income taxes payable | (22,439) | (20,434) |
| Operating lease assets and liabilities | (56,557) | (49,322) |
| Other liabilities | 2,661 | (1,897) |
| Net cash provided by (used in) operating activities | (76,608) | 22,174 |
| Cash flows from investing activities: | ||
| Purchases of short-term investments | (388,348) | (117,877) |
| Sales and maturities of short-term investments | 751,232 | 120,747 |
| Capital expenditures | (41,736) | (41,355) |
| Net cash provided by (used in) investing activities | 321,148 | (38,485) |
| Cash flows from financing activities: | ||
| Proceeds from credit facilities | — | 837 |
| Repayments on credit facilities | — | (837) |
| Proceeds from issuance of common stock related to stock-based compensation | 3,955 | 7,081 |
| Tax payments related to stock-based compensation | (4,806) | (4,620) |
| Repurchase of common stock | (230,864) | (144,633) |
| Cash dividends paid | (52,860) | (55,379) |
| Net cash used in financing activities | (284,575) | (197,551) |
| Net effect of exchange rate changes on cash | (3,604) | (3,097) |
| Net decrease in cash and cash equivalents | (43,639) | (216,959) |
| Cash and cash equivalents, beginning of period | 350,319 | 430,241 |
| Cash and cash equivalents, end of period | $306,680 | $213,282 |
| Supplemental disclosures of cash flow information: | ||
| Cash paid during the period for income taxes | $63,650 | $66,580 |
| Supplemental disclosures of non-cash investing and financing activities: | ||
| Property, plant and equipment acquired through increase in liabilities | $12,224 | $5,389 |
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