KinderCare Learning Companies, Inc.
For the period ended Jan 3, 2026. Filed Mar 13, 2026.
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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.
FY2026 · Filed Mar 13, 2026
KLC$2.21-5.2%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
Consolidated Statements of Cash Flows
| Fiscal Year Ended | |||
|---|---|---|---|
| January 3, | December 28, | December 30, | |
| 2026 | 2024 | 2023 | |
| Operating activities: | |||
| Net (loss) income | $(112,880) | $(92,840) | $102,558 |
| Adjustments to reconcile net (loss) income to cash provided by operating activities: | |||
| Depreciation and amortization | 123,967 | 117,606 | 109,045 |
| Impairment losses | 204,051 | 10,535 | 13,560 |
| Change in deferred taxes | 7,272 | (29,828) | (17,414) |
| Loss on extinguishment of long-term debt, net | 5,434 | 25,652 | 3,957 |
| Loss on extinguishment of indebtedness to related party | — | — | 472 |
| Amortization of debt issuance costs | 6,102 | 6,830 | 8,482 |
| Stock-based compensation | 11,849 | 144,082 | 12,557 |
| Realized and unrealized gains from investments held in deferred compensation asset trusts | (3,131) | (2,242) | (3,010) |
| (Gain) loss on disposal of property and equipment | (205) | (2,838) | 2,151 |
| Changes in assets and liabilities, net of effects of acquisitions: | |||
| Accounts receivable | (14,190) | (16,346) | (18,050) |
| Prepaid expenses and other current assets | (60,144) | (6,518) | 22,053 |
| Other assets | 7,854 | (1,604) | (1,329) |
| Accounts payable and accrued liabilities | 4,326 | (8,794) | (1,321) |
| Leases | 2,332 | 1,091 | 1,110 |
| Deferred revenue | 23,002 | 569 | 633 |
| Other current liabilities | 31,727 | (14,580) | 20,560 |
| Other long-term liabilities | 1,288 | (15,007) | 49,192 |
| Related party payables | (119) | 119 | (1,666) |
| Cash provided by operating activities | 238,535 | 115,887 | 303,540 |
| Investing activities: | |||
| Purchases of property and equipment | (128,271) | (132,322) | (129,045) |
| Payments for acquisitions, net of cash acquired | (23,101) | (10,920) | (10,244) |
| Proceeds from the disposal of property and equipment | 293 | 2,872 | 906 |
| Investments in deferred compensation asset trusts | (7,497) | (8,701) | (6,767) |
| Proceeds from deferred compensation asset trust redemptions | 4,160 | 1,833 | 1,573 |
| Proceeds from sale and leaseback, net of transaction costs | — | — | 25,917 |
| Cash used in investing activities | (154,416) | (147,238) | (117,660) |
| Financing activities: | |||
| Proceeds from initial public offering, net of underwriting discounts | — | 625,968 | — |
| Payments of deferred offering costs | (275) | (9,587) | — |
| Distribution to parent | — | (320,000) | — |
| Proceeds from issuance of long-term debt | — | 264,338 | 1,258,750 |
| Repayment of long-term debt | — | (608,000) | (1,310,881) |
| Repayment of indebtedness to related party | — | — | (56,328) |
| Principal payments of long-term debt | (9,644) | (11,890) | (6,256) |
| Payments of debt issuance costs | (317) | (1,184) | (7,320) |
| Repayments of promissory notes | (354) | (421) | (951) |
| Payments of financing lease obligations | (1,198) | (1,631) | (1,734) |
| Tax payments related to net settlement of restricted stock units | (1,462) | (224) | — |
| Payments of contingent consideration for acquisitions | — | — | (10,217) |
| Cash used in financing activities | (13,250) | (62,631) | (134,937) |
| Net change in cash, cash equivalents, and restricted cash | 70,869 | (93,982) | 50,943 |
| Cash, cash equivalents, and restricted cash at beginning of period | 62,430 | 156,412 | 105,469 |
| Cash, cash equivalents, and restricted cash at end of period | $133,299 | $62,430 | $156,412 |
Consolidated Statements of Cash Flows (continued)
| Fiscal Year Ended | |||
|---|---|---|---|
| January 3, | December 28, | December 30, | |
| 2026 | 2024 | 2023 | |
| Reconciliation of cash, cash equivalents, and restricted cash to the consolidated balance sheets: | |||
| Cash and cash equivalents | $133,205 | $62,336 | $156,147 |
| Restricted cash included within other assets | 94 | 94 | 265 |
| Total cash, cash equivalents, and restricted cash at end of period | $133,299 | $62,430 | $156,412 |
| Supplemental cash flow information: | |||
| Cash paid for interest | $83,104 | $126,257 | $138,920 |
| Cash paid for income taxes, net of refunds | 15,150 | 47,667 | 29,445 |
| Cash paid for amounts included in the measurement of operating lease liabilities | 308,286 | 292,863 | 284,073 |
| Non-cash operating activities: | |||
| Operating lease right-of-use assets obtained in exchange for operating lease liabilities | $303,750 | $181,648 | $99,051 |
| Reclassification of liability-classified stock options and restricted stock units to equity-classified | — | 12,940 | — |
| Deferred cloud computing implementation costs included in accounts payable | 127 | 6,228 | — |
| Reclassification of equity-classified stock options and restricted stock units to liability-classified | — | — | 6,750 |
| Non-cash investing and financing activities: | |||
| Property and equipment additions included in accounts payable and accrued liabilities | $11,812 | $5,694 | $3,217 |
| Finance lease right-of-use assets obtained in exchange for finance lease liabilities | 1,023 | 110 | 3,119 |
| Reductions to finance lease right-of-use assets resulting from reductions to finance lease liabilities | 1,261 | — | 512 |
| Adjustment to tax impact of initial public offering costs | 548 | — | — |
| Deferred offering costs included in accounts payable and accrued liabilities | — | 275 | — |
| Contingent consideration and holdbacks payable for acquisitions | 1,635 | — | — |
| Measurement period and other adjustments to reduce contingent consideration payable | — | — | 38 |
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