MANNATECH INC
For the period ended Mar 31, 2024. Filed May 14, 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.
Mar 31, 2024 · Filed May 14, 2024
MTEX$8.56-4.4%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows (unaudited)
(in thousands)
| Three Months EndedMarch 31, | ||
|---|---|---|
| 2024 | 2023 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net income | $1,180 | $604 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 416 | 387 |
| Non-cash operating lease expense | 402 | 415 |
| Provision for inventory losses | 32 | 73 |
| Provision for (reversal of) allowance for credit losses | (75) | 112 |
| Charge related to stock-based compensation | 212 | 234 |
| Deferred income taxes | 6 | 437 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (154) | (27) |
| Income tax receivable | 15 | (26) |
| Inventories | 824 | (667) |
| Prepaid expenses and other current assets | (909) | (504) |
| Deferred commissions | 294 | (49) |
| Other assets | 158 | 123 |
| Accounts payable | 872 | 1,302 |
| Accrued expenses | (1,085) | (701) |
| Other long-term liabilities | (408) | (451) |
| Taxes payable | 401 | (1,301) |
| Commissions and incentives payable | 244 | 992 |
| Deferred revenue | (551) | 398 |
| Net cash provided by operating activities | 1,874 | 1,351 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Acquisition of property and equipment | (61) | (104) |
| Net cash used in investing activities | (61) | (104) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Proceeds from stock options exercised | — | 11 |
| Payment of cash dividends | — | (375) |
| Repayment of finance lease obligations and other long-term liabilities | (250) | (194) |
| Net cash used in financing activities | (250) | (558) |
| Effect of currency exchange rate changes on cash and cash equivalents | (1,408) | (795) |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | 155 | (106) |
| Cash, cash equivalents, and restricted cash at the beginning of the period | 9,387 | 15,197 |
| Cash, cash equivalents, and restricted cash at the end of the period | $9,542 | $15,091 |
| Three Months EndedMarch 31, | ||
|---|---|---|
| 2024 | 2023 | |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | ||
| Income taxes paid | $73 | $1,895 |
| Interest paid on finance leases and other financing arrangements | 23 | 6 |
| NON-CASH INVESTING AND FINANCING ACTIVITIES | ||
| Assets acquired through other financing arrangements | 446 | 497 |
| Operating lease right-of-use assets acquired in exchange for new operating lease liabilities | 205 | 181 |
| Finance lease right-of-use assets acquired in exchange for new finance lease liabilities | — | 1,181 |
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