Ollies Bargain Outlet Holdings Inc
For the period ended Feb 3, 2024. Filed Mar 27, 2024.
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FY2024 · Filed Mar 27, 2024
OLLI$95.30+0.5%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
| Fiscal year ended | |||
|---|---|---|---|
| February 3, | January 28, | January 29, | |
| 2024 | 2023 | 2022 | |
| Cash Flows from Operating Activities: | |||
| Net income | $181,439 | $102,790 | $157,455 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization of property and equipment | 34,936 | 28,689 | 24,894 |
| Amortization of debt issuance costs | 267 | 256 | 256 |
| Gain on sale of assets | (304) | (325) | (213) |
| Deferred income tax provision | 1,245 | 4,453 | 1,115 |
| Stock-based compensation expense | 12,237 | 9,951 | 8,042 |
| Other | (723) | — | — |
| Changes in operating assets and liabilities: | |||
| Inventories | (35,256) | (3,228) | (113,602) |
| Accounts receivable | 151 | (1,002) | (751) |
| Prepaid expenses and other assets | 341 | 375 | (3,895) |
| Accounts payable | 38,250 | (20,379) | (11,116) |
| Income taxes payable | 11,688 | 500 | (8,404) |
| Accrued expenses and other liabilities | 10,226 | (7,734) | (8,748) |
| Net cash provided by operating activities | 254,497 | 114,346 | 45,033 |
| Cash Flows from Investing Activities: | |||
| Purchases of property and equipment | (124,404) | (51,667) | (34,989) |
| Proceeds from sale of property and equipment | 409 | 378 | 3,159 |
| Purchases of short-term investments | (273,522) | (60,165) | — |
| Maturities of short-term investments | 247,430 | — | — |
| Net cash used in investing activities | (150,087) | (111,454) | (31,830) |
| Cash Flows from Financing Activities: | |||
| Repayments on finance leases | (1,027) | (891) | (684) |
| Payment of debt issuance costs | (204) | — | — |
| Proceeds from stock option exercises | 6,686 | 4,032 | 8,635 |
| Common shares withheld for taxes | (1,658) | (582) | (1,332) |
| Payment for shares repurchased | (52,541) | (41,832) | (219,971) |
| Net cash used in financing activities | (48,744) | (39,273) | (213,352) |
| Net increase (decrease) in cash and cash equivalents | 55,666 | (36,381) | (200,149) |
| Cash and cash equivalents, beginning of the period | 210,596 | 246,977 | 447,126 |
| Cash and cash equivalents, end of the period | $266,262 | $210,596 | $246,977 |
| Supplemental disclosure of cash flow information: | |||
| Cash paid during the year for: | |||
| Interest | $419 | $343 | $358 |
| Income taxes | $48,601 | $26,566 | $54,690 |
| Non-cash investing activities: | |||
| Accrued purchases of property and equipment | $11,270 | $7,918 | $3,189 |
Index
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