COLUMBIA SPORTSWEAR CO
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
View on SEC.govAbout this filing
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.
FY2024 · Filed Feb 27, 2025
COLM$72.26-0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 8. Consolidated Statements of Cash Flows
Table of Contents Notes to Consolidated Financial Statements
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Year Ended December 31, | |||
|---|---|---|---|
| (in thousands) | 2024 | 2023 | 2022 |
| Cash flows from operating activities: | |||
| Net income | $223,273 | $251,400 | $311,440 |
| Adjustments to reconcile net income to net cash provided by (used in) operating activities: | |||
| Depreciation and amortization | 55,944 | 58,063 | 54,752 |
| Non-cash lease expense | 77,378 | 68,989 | 62,647 |
| Provision for uncollectible accounts receivable | 2,555 | 3,142 | (2,044) |
| Deferred income taxes | (6,204) | (5,135) | (8,118) |
| Share-based compensation | 24,777 | 23,051 | 21,021 |
| Loss on impairment of goodwill and intangible assets | — | 25,000 | 35,600 |
| Other, net | (11,002) | 1,374 | 2,594 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (11,803) | 123,830 | (64,495) |
| Inventories | 39,131 | 283,826 | (399,851) |
| Prepaid expenses and other current assets | 6,792 | 29,840 | (25,749) |
| Other assets | (710) | (3,148) | (2,475) |
| Accounts payable | 155,176 | (85,862) | 40,429 |
| Accrued liabilities | 8,815 | (62,239) | 20,683 |
| Income taxes payable | 1,991 | (8,800) | (5,871) |
| Operating lease assets and liabilities | (78,627) | (73,718) | (62,749) |
| Other liabilities | 3,556 | 6,684 | (3,055) |
| Net cash provided by (used in) operating activities | 491,042 | 636,297 | (25,241) |
| Cash flows from investing activities: | |||
| Purchases of short-term investments | (669,093) | (528,491) | (44,876) |
| Sales and maturities of short-term investments | 816,232 | 121,279 | 176,083 |
| Capital expenditures | (59,805) | (54,607) | (58,467) |
| Net cash provided by (used in) investing activities | 87,334 | (461,819) | 72,740 |
| Cash flows from financing activities: | |||
| Proceeds from credit facilities | — | 837 | 52,918 |
| Repayments on credit facilities | — | (837) | (52,979) |
| Payment of line of credit issuance fees | — | — | (604) |
| Proceeds from issuance of common stock related to share-based compensation | 6,120 | 7,354 | 6,588 |
| Tax payments related to share-based compensation | (4,871) | (4,681) | (4,229) |
| Repurchase of common stock | (317,756) | (184,022) | (287,443) |
| Cash dividends paid | (69,732) | (73,440) | (75,082) |
| Net cash used in financing activities | (386,239) | (254,789) | (360,831) |
| Net effect of exchange rate changes on cash | (10,587) | 389 | (19,831) |
| Net increase (decrease) in cash and cash equivalents | 181,550 | (79,922) | (333,163) |
| Cash and cash equivalents, beginning of period | 350,319 | 430,241 | 763,404 |
| Cash and cash equivalents, end of period | $531,869 | $350,319 | $430,241 |
| Supplemental disclosures of cash flow information: | |||
| Cash paid during the period for income taxes | $76,104 | $90,507 | $92,110 |
| Supplemental disclosures of non-cash investing and financing activities: | |||
| Property, plant and equipment acquired through increase in liabilities | $10,735 | $10,125 | $11,103 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.