JOHNSON OUTDOORS INC
For the period ended Sep 27, 2024. Filed Dec 11, 2024.
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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 Dec 11, 2024
JOUT$47.29-1.3%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
| Year Ended | |||
|---|---|---|---|
| (thousands) | September 272024 | September 292023 | September 302022 |
| CASH PROVIDED BY (USED FOR) OPERATING ACTIVITIES | |||
| Net (loss) income | $(26,533) | $19,534 | $44,491 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation | 19,269 | 16,005 | 13,973 |
| Amortization of intangible assets | 339 | 290 | 261 |
| Amortization of deferred financing costs | 35 | 35 | 35 |
| (Gain) loss on sale of productive assets | (1,874) | (6,410) | 90 |
| Impairment losses | 11,173 | — | — |
| Stock based compensation | 1,292 | 2,446 | 4,129 |
| Provision for credit losses | 2,914 | 177 | 30 |
| Provision for inventory reserves | 10,985 | 10,225 | 4,409 |
| Deferred income taxes | (5,094) | (6,925) | 1,848 |
| Change in operating assets and liabilities: | |||
| Accounts receivable, net | (272) | 48,292 | (22,028) |
| Inventories, net | 42,110 | (28,381) | (89,259) |
| Accounts payable and accrued liabilities | (14,657) | (10,800) | (21,722) |
| Other current assets | (806) | (5,444) | 2,831 |
| Other non-current assets | 119 | 130 | 67 |
| Other long-term liabilities | 2,371 | 2,634 | (2,393) |
| Other, net | (387) | (95) | 1,094 |
| 40,984 | 41,713 | (62,144) | |
| CASH PROVIDED BY (USED FOR) INVESTING ACTIVITIES | |||
| Purchase of short-term investments | (2,218) | (40,696) | — |
| Proceeds from maturities of short-term investments | 27,025 | — | — |
| Capital expenditures | (22,018) | (22,668) | (31,690) |
| Proceeds from sale of productive assets | 2,245 | 14,990 | 12 |
| 5,034 | (48,374) | (31,678) | |
| CASH USED FOR FINANCING ACTIVITIES | |||
| Common stock transactions | 172 | 266 | 332 |
| Dividends paid | (13,431) | (12,554) | (12,056) |
| Purchases of treasury stock | (436) | (444) | (509) |
| (13,695) | (12,732) | (12,233) | |
| Effect of foreign currency rate changes on cash | 1,321 | 1,444 | (4,590) |
| Increase (decrease) in cash and cash equivalents | 33,644 | (17,949) | (110,645) |
| CASH AND CASH EQUIVALENTS | |||
| Beginning of period | 111,854 | 129,803 | 240,448 |
| End of period | $145,498 | $111,854 | $129,803 |
| Supplemental Disclosure: | |||
| Accrued dividends | $18 | $227 | $115 |
| Non-cash treasury activity | 451 | 938 | 9 |
| Cash paid for taxes | 2,065 | 17,129 | 19,086 |
| Cash paid for interest | 115 | 114 | 113 |
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