BlueLinx Holdings Inc
For the period ended Dec 28, 2024. Filed Feb 18, 2025.
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FY2024 · Filed Feb 18, 2025
BXC$63.42-2.7%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Fiscal Year Ended December 28, 2024 | Fiscal Year Ended December 30, 2023 | Fiscal Year Ended December 31, 2022 | |
|---|---|---|---|
| (In thousands) | |||
| Cash flows from operating activities: | |||
| Net income | $53,116 | $48,536 | $296,176 |
| Adjustments to reconcile net income to cash provided by operations: | |||
| Depreciation and amortization | 38,488 | 32,043 | 27,613 |
| Settlement of frozen defined benefit pension plan | — | 30,440 | — |
| Amortization of debt discount and issuance costs | 1,318 | 1,319 | 1,153 |
| Gains from sales of property | (272) | — | (144) |
| Provision for deferred income taxes | 2,678 | 7,756 | 5,289 |
| Share-based compensation | 7,749 | 12,055 | 9,617 |
| Amortization of deferred gains from real estate | (3,934) | (3,934) | (3,934) |
| Other income statement items | — | (909) | — |
| Changes in operating assets and liabilities, net of business acquisition: | |||
| Accounts receivable | 2,573 | 23,145 | 101,266 |
| Inventories, net | (12,271) | 140,875 | 20,759 |
| Accounts payable | 13,002 | 5,973 | (31,808) |
| Employer contributions due to the single-employer defined benefit pension plan | — | (6,900) | (11,876) |
| Other current assets | (20,012) | 15,513 | (11,635) |
| Other assets and liabilities | 2,743 | 373 | (2,179) |
| Net cash provided by operating activities | 85,178 | 306,285 | 400,297 |
| Cash flows from investing activities: | |||
| Acquisition of business, net of cash acquired | — | 300 | (63,767) |
| Proceeds from sales of assets and properties | 899 | 357 | 964 |
| Property and equipment investments | (40,109) | (27,520) | (35,886) |
| Net cash used in investing activities | (39,210) | (26,863) | (98,689) |
| Cash flows from financing activities: | |||
| Common stock repurchases | (45,297) | (42,135) | (66,427) |
| Repurchase of shares to satisfy employee tax withholdings | (3,365) | (5,279) | (10,534) |
| Principal payments on finance lease liabilities | (13,427) | (9,208) | (10,907) |
| Net cash used in financing activities | (62,089) | (56,622) | (87,868) |
| Net change in cash and cash equivalents | (16,121) | 222,800 | 213,740 |
| Cash and cash equivalents at beginning fiscal year | 521,743 | 298,943 | 85,203 |
| Cash and cash equivalents at end of fiscal year | $505,622 | $521,743 | $298,943 |
| Supplemental cash flow information: | |||
| Net income tax payments | $30,408 | $19,239 | $111,197 |
| Interest paid | $44,988 | $43,438 | $44,054 |
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