Designer Brands Inc.
For the period ended Aug 1, 2026. Filed Sep 10, 2026.
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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.
Aug 1, 2026 · Filed Sep 10, 2026
DBI$6.750.0%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
| Six months ended | ||
|---|---|---|
| (unaudited and in thousands) | August 1, 2026 | August 2, 2025 |
| Cash flows from operating activities: | ||
| Net income (loss) | $23,871 | $(6,807) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
| Depreciation and amortization | 28,267 | 29,664 |
| Stock-based compensation expense | 14,520 | 12,063 |
| Deferred income taxes | 5,864 | (1,489) |
| Income from equity investments | (4,926) | (5,005) |
| Distributions received from equity investments | 5,965 | 6,935 |
| Impairment charges | — | 4,419 |
| Other | 528 | (260) |
| Change in operating assets and liabilities: | ||
| Receivables | (18,714) | (5,575) |
| Inventories | (32,872) | (8,714) |
| Prepaid expenses and other current assets | 1,598 | (118) |
| Accounts payable | 21,519 | (31,972) |
| Accrued expenses | 7,133 | 16,309 |
| Operating lease assets and liabilities, net | (4,517) | (8,373) |
| Net cash provided by operating activities | 48,236 | 1,077 |
| Cash flows from investing activities: | ||
| Cash paid for property and equipment | (22,251) | (16,753) |
| Other | — | (1,916) |
| Net cash used in investing activities | (22,251) | (18,669) |
| Cash flows from financing activities: | ||
| Borrowing on revolving credit facility | 298,580 | 540,011 |
| Payments on revolving credit facility | (307,920) | (512,187) |
| Payments for borrowings under Term Loan | (3,375) | (3,375) |
| Payments of debt issuance costs | (3,186) | — |
| Dividends paid | (4,961) | (4,805) |
| Cash paid for taxes for stock-based compensation shares withheld | (4,298) | (1,866) |
| Other | 1,213 | (1,296) |
| Net cash provided by (used in) financing activities | (23,947) | 16,482 |
| Effect of exchange rate changes on cash balances | (1,318) | 1,295 |
| Net increase in cash and cash equivalents | 720 | 185 |
| Cash and cash equivalents, beginning of period | 50,871 | 44,752 |
| Cash and cash equivalents, end of period | $51,591 | $44,937 |
| Supplemental disclosures: | ||
| Net cash paid (received) for income taxes | $8,084 | $(2,660) |
| Cash paid for interest on debt and financing transaction | $32,906 | $21,518 |
| Operating cash paid for operating lease liabilities | $106,670 | $107,287 |
| Operating cash paid for finance leases | $1,363 | $463 |
| Financing cash paid for finance leases | $1,329 | $370 |
| Non-cash investing and financing activities | ||
| Property and equipment purchases not yet paid | $2,204 | $3,534 |
| Contribution of intangible asset to equity investment | $— | $2,700 |
| Operating lease liabilities arising from lease asset additions | $9,172 | $36,617 |
| Finance lease liabilities arising from lease asset additions | $— | $32,482 |
| Net increase to operating lease assets and lease liabilities for modifications | $93,135 | $53,788 |
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