NOODLES & Co
For the period ended Jul 2, 2024. Filed Aug 8, 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.
Jul 2, 2024 · Filed Aug 8, 2024
NDLS$13.90-1.6%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
(in thousands, unaudited)
| Two Fiscal Quarters Ended | ||
|---|---|---|
| July 2,2024 | July 4,2023 | |
| Operating activities | ||
| Net loss | $(19,765) | $(4,419) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | ||
| Depreciation and amortization | 14,737 | 12,687 |
| Deferred income taxes | 175 | (103) |
| Restaurant impairments, closure costs and asset disposals | 10,795 | 1,092 |
| Amortization of debt issuance costs | 274 | 180 |
| Stock-based compensation | 2,466 | 2,778 |
| Gain on insurance proceeds for property damage | — | (62) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 1,188 | 1,425 |
| Inventories | (428) | (215) |
| Prepaid expenses and other assets | (2,107) | (1,947) |
| Accounts payable | 3,782 | (703) |
| Income taxes | (25) | (132) |
| Operating lease assets and liabilities | (514) | (394) |
| Accrued expenses and other liabilities | 1,150 | 199 |
| Net cash provided by operating activities | 11,728 | 10,386 |
| Investing activities | ||
| Purchases of property and equipment | (17,827) | (23,913) |
| Insurance proceeds received for property damage | — | 100 |
| Proceeds from refranchising transactions | 2,053 | — |
| Net cash used in investing activities | (15,774) | (23,813) |
| Financing activities | ||
| Net (payments) borrowings from swing line loan | (4,212) | 3,971 |
| Proceeds from borrowings on long-term debt | 8,500 | 13,000 |
| Payments on finance leases | (1,198) | (1,240) |
| Stock plan transactions and tax withholding on share-based compensation awards | (251) | (685) |
| Net cash provided by financing activities | 2,839 | 15,046 |
| Net (decrease) increase in cash and cash equivalents | (1,207) | 1,619 |
| Cash and cash equivalents | ||
| Beginning of period | 3,013 | 1,523 |
| End of period | $1,806 | $3,142 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.