BlueLinx Holdings Inc
For the period ended Mar 30, 2024. Filed Apr 30, 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.
Mar 30, 2024 · Filed Apr 30, 2024
BXC$63.42-2.7%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows
(In thousands)
| Three Months Ended | ||
|---|---|---|
| March 30, 2024 | April 1, 2023 | |
| Cash flows from operating activities: | ||
| Net income | $17,492 | $17,812 |
| Adjustments to reconcile net income to cash (used in) provided by operations: | ||
| Depreciation and amortization | 9,433 | 7,718 |
| Amortization of debt discount and issuance costs | 330 | 329 |
| Provision for deferred income taxes | (373) | 213 |
| Amortization of deferred gains from real estate | (984) | (984) |
| Share-based compensation | 2,350 | 4,569 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (59,834) | (47,333) |
| Inventories | (27,304) | 74,989 |
| Accounts payable | 13,784 | 25,420 |
| Other current assets | (5,557) | 5,953 |
| Other assets and liabilities | 19,528 | 279 |
| Net cash (used in) provided by operating activities | (31,135) | 88,965 |
| Cash flows from investing activities: | ||
| Proceeds from sale of assets | 127 | 37 |
| Property and equipment investments | (5,447) | (9,008) |
| Net cash used in investing activities | (5,320) | (8,971) |
| Cash flows from financing activities: | ||
| Repurchase of shares to satisfy employee tax withholdings | (907) | (570) |
| Principal payments on finance lease liabilities | (3,072) | (2,133) |
| Net cash used in financing activities | (3,979) | (2,703) |
| Net change in cash and cash equivalents | (40,434) | 77,291 |
| Cash and cash equivalents at beginning of period | 521,743 | 298,943 |
| Cash and cash equivalents at end of period | $481,309 | $376,234 |
| Supplemental cash flow information: | ||
| Interest paid during the period | $6,796 | $6,190 |
| Taxes paid during the period | $1,342 | $— |
| Non-cash transactions: | ||
| Obligation for repurchase of shares to satisfy employee tax withholdings | $— | $1,319 |
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