NOODLES & Co
For the period ended Dec 31, 2024. Filed Mar 7, 2025.
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FY2024 · Filed Mar 7, 2025
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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Consolidated Statements of Cash Flows for the years ended
Consolidated Statements of Cash Flows
(in thousands)
| Fiscal Year Ended | |||
|---|---|---|---|
| December 31,2024 | January 2,2024 | January 3,2023 | |
| Operating activities | |||
| Net loss | $(36,213) | $(9,856) | $(3,314) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | |||
| Depreciation and amortization | 29,066 | 26,792 | 23,268 |
| Deferred income taxes, net | 21 | 26 | (40) |
| Restaurant impairments, closure costs and asset disposals | 14,402 | 3,981 | 2,261 |
| Amortization of debt issuance costs | 606 | 366 | 723 |
| Stock-based compensation | 3,609 | 4,235 | 4,328 |
| Gain on insurance proceeds received for property damage | — | (205) | — |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | 1,086 | 1,201 | (2,576) |
| Inventories | (702) | (303) | (743) |
| Prepaid expenses and other assets | (280) | (520) | 1,244 |
| Accounts payable | (1,943) | 2,206 | (563) |
| Operating lease assets and liabilities | (1,466) | (1,025) | (5,417) |
| Income taxes | 8 | (161) | (68) |
| Accrued expenses and other liabilities | (633) | 758 | (9,546) |
| Net cash provided by operating activities | 7,561 | 27,495 | 9,557 |
| Investing activities | |||
| Purchases of property and equipment | (28,767) | (52,043) | (33,886) |
| Proceeds from restaurant refranchising | 2,053 | — | 1,577 |
| Insurance proceeds received for property damage | — | 243 | — |
| Net cash used in investing activities | (26,714) | (51,800) | (32,309) |
| Financing activities | |||
| Net borrowings from swing line loan | 1,820 | (9) | 4,781 |
| Proceeds from borrowings on long-term debt | 19,000 | 34,500 | 53,512 |
| Payments on long-term debt | — | — | (32,850) |
| Debt issuance costs | (902) | (690) | (1,077) |
| Payment of finance leases | (2,441) | (2,376) | (1,990) |
| Repurchase of common stock | — | (4,981) | — |
| Stock plan transactions and tax withholding on share-based compensation awards | (188) | (649) | (356) |
| Net cash provided by financing activities | 17,289 | 25,795 | 22,020 |
| Net (decrease) increase in cash and cash equivalents | (1,864) | 1,490 | (732) |
| Cash and cash equivalents | |||
| Beginning of year | 3,013 | 1,523 | 2,255 |
| End of year | $1,149 | $3,013 | $1,523 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.