Ollies Bargain Outlet Holdings Inc
For the period ended May 4, 2024. Filed Jun 5, 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.
May 4, 2024 · Filed Jun 5, 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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Condensed Consolidated Statements of Cash Flows
Cash Flows
(In thousands)
| Thirteen weeks ended | ||
|---|---|---|
| May 4, | April 29, | |
| 2024 | 2023 | |
| Cash Flows from Operating Activities: | ||
| Net income | $46,342 | $30,980 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization of property and equipment | 9,742 | 8,025 |
| Amortization of debt issuance costs | 13 | 69 |
| (Gain) loss on sale of assets | (118) | 5 |
| Deferred income tax provision | (249) | 500 |
| Stock-based compensation expense | 3,149 | 2,863 |
| Other | (480) | - |
| Changes in operating assets and liabilities: | ||
| Inventories | (21,679) | (27,454) |
| Accounts receivable | 1,307 | 1,389 |
| Prepaid expenses and other assets | 1,348 | 1,692 |
| Accounts payable | (21,163) | 12,655 |
| Income taxes payable | 14,483 | 9,420 |
| Accrued expenses and other liabilities | 7,489 | (4,272) |
| Net cash provided by operating activities | 40,184 | 35,872 |
| Cash Flows from Investing Activities: | ||
| Purchases of property and equipment | (26,865) | (19,010) |
| Proceeds from sale of property and equipment | 140 | 64 |
| Purchases of short-term investments | (96,042) | (85,365) |
| Maturities of short-term investments | 54,252 | 5,000 |
| Net cash used in investing activities | (68,515) | (99,311) |
| Cash Flows from Financing Activities: | ||
| Repayments on finance leases | (382) | (242) |
| Proceeds from stock option exercises | 2,548 | 1,592 |
| Common shares withheld for taxes | (2,840) | (1,268) |
| Payment for shares repurchased | (25,007) | (12,280) |
| Net cash used in financing activities | (25,681) | (12,198) |
| Net decrease in cash and cash equivalents | (54,012) | (75,637) |
| Cash and cash equivalents, beginning of the period | 266,262 | 210,596 |
| Cash and cash equivalents, end of the period | $212,250 | $134,959 |
| Supplemental disclosure of cash flow information: | ||
| Cash paid during the period for: | ||
| Interest | $110 | $116 |
| Income taxes | $222 | $333 |
| Non-cash investing activities: | ||
| Accrued purchases of property and equipment | $6,379 | $7,666 |
Index
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