Leslie's, Inc.
For the period ended Oct 4, 2025. Filed Dec 18, 2025.
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FY2025 · Filed Dec 18, 2025
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Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flow
Consolidated Statements of Cash Flows
(Amounts in Thousands)
| Year Ended | |||
|---|---|---|---|
| October 4, 2025 | September 28, 2024 | September 30, 2023 | |
| Operating Activities | |||
| Net (loss) income | $(236,970) | $(23,379) | $27,242 |
| Adjustments to reconcile net (loss) income to net cash provided by operating activities: | |||
| Depreciation and amortization | 33,467 | 33,078 | 34,142 |
| Equity-based compensation | 6,203 | 8,589 | 11,703 |
| Amortization of deferred financing costs and debt discounts | 2,198 | 2,191 | 2,100 |
| Impairments | 183,826 | — | — |
| Provision for credit losses | (1,401) | 1,466 | 193 |
| Deferred income taxes | 4,455 | 3,430 | (6,330) |
| Loss on asset dispositions | 192 | 464 | 6,396 |
| Changes in operating assets and liabilities: | |||
| Accounts and other receivables | 23,651 | (18,684) | 16,101 |
| Inventories | 26,300 | 85,879 | 54,331 |
| Prepaid expenses and other current assets | 1,898 | (1,019) | (3,466) |
| Other assets | 2,956 | 6,861 | (9,990) |
| Accounts payable | (15,728) | 1,889 | (97,900) |
| Accrued expenses | (22,842) | 5,209 | (22,148) |
| Income taxes payable | (1,127) | (4,655) | (6,729) |
| Operating lease assets and liabilities, net | 1,744 | 6,147 | 825 |
| Net cash provided by operating activities | 8,822 | 107,466 | 6,470 |
| Investing Activities | |||
| Purchases of property and equipment | (25,491) | (47,244) | (38,577) |
| Business acquisitions, net of cash acquired | — | — | (15,549) |
| Proceeds from asset dispositions | 141 | 81 | 1,587 |
| Net cash used in investing activities | (25,350) | (47,163) | (52,539) |
| Financing Activities | |||
| Borrowings on Revolving Credit Facility | 159,500 | 140,500 | 264,000 |
| Payments on Revolving Credit Facility | (159,500) | (140,500) | (264,000) |
| Repayment of long-term debt | (27,025) | (6,075) | (8,100) |
| Payment on finance lease | (536) | (145) | (347) |
| Payments of employee tax withholdings related to restricted stock vesting | (76) | (998) | (2,357) |
| Net cash used in financing activities | (27,637) | (7,218) | (10,804) |
| Net (decrease) increase in cash and cash equivalents | (44,165) | 53,085 | (56,873) |
| Cash and cash equivalents, beginning of year | 108,505 | 55,420 | 112,293 |
| Cash and cash equivalents, end of year | $64,340 | $108,505 | $55,420 |
| Supplemental Information: | |||
| Interest | $65,415 | $63,242 | $63,059 |
| Income taxes, net of refunds received | 3,386 | 10,933 | 22,559 |
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