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Midas Edge

CarPartscom Inc

For the period ended Dec 30, 2023. Filed Mar 8, 2024.

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About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Mar 8, 2024

PRTS$8.35+3.3%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Item 8. Consolidated Statements of Cash Flows

CONSOLIDATED STATEMENTS OF CASH FLOWS

(In Thousands)

​​​​​​​​​​
​ · ​ · Fiscal Year Ended
​ · ​ · December 30, · ​ · December 31, · ​ · January 1,
​202320222022
Operating activities​​​​​​​​​
Net loss​$(8,223)​$(951)$(10,339)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:​​​​​​​​​
Depreciation and amortization expense​16,690​13,607​9,895
Amortization of intangible assets​36​108​110
Share-based compensation expense​11,675​11,296​15,685
Stock awards issued for non-employee director service​23​22​23
Stock awards related to officers and directors stock purchase plan from payroll deferral​​—​​26​​—
(Gain) loss from disposition of assets​(78)​(41)​52
Amortization of deferred financing costs​65​53​18
Changes in operating assets and liabilities:​​​​​​​​​
Accounts receivable​(1,101)​(1,424)​1,303
Inventory​6,681​2,825​(49,535)
Other current assets​549​(141)​1,340
Other non-current assets​(248)​(636)​551
Accounts payable and accrued expenses​23,696​(9,629)​22,436
Other current liabilities​686​(129)​374
Right-of-use obligation - operating leases - current​​631​​402​​1,696
Right-of-use obligation - operating leases - long-term​​(714)​​(200)​​(836)
Other non-current liabilities​(367)​180​239
Net cash provided by (used in) operating activities​50,001​15,368​(6,988)
Investing activities​​​​​​​​​
Additions to property and equipment​(11,879)​(12,585)​(11,578)
Cash paid for intangible assets​(108)​—​—
Proceeds from sale of property and equipment​86​68​27
Net cash used in investing activities​(11,901)​(12,517)​(11,551)
Financing activities​​​​​​​​​
Borrowings from revolving loan payable​244​10,417​131
Payments made on revolving loan payable​(244)​(10,417)​(131)
Repurchase of treasury stock​​(4,311)​​—​​(524)
Payments on finance leases​(4,738)​(4,232)​(2,164)
Net proceeds from issuance of common stock for ESPP​​483​​795​​—
Statutory tax withholding payment for share-based compensation​—​—​(3)
Proceeds from exercise of stock options​2,650​1,284​3,661
Payment of registration costs of common stock​—​—​(68)
Net cash (used in) provided by financing activities​(5,916)​(2,153)​902
Effect of exchange rate changes on cash​—​(75)​(21)
Net change in cash and cash equivalents​32,184​623​(17,658)
Cash and cash equivalents, beginning of period​18,767​18,144​35,802
Cash and cash equivalents, end of period​$50,951​$18,767$18,144
Supplemental disclosure of non-cash investing and financing activities:​​​​​​​​​
Right-of-use operating asset acquired​$—​$—​$15,000
Right-of-use finance asset acquired​$784​$9,206​$4,975
Accrued asset purchases​$1,499​$624$1,764
Share-based compensation expense capitalized in property and equipment​$804​$1,180​$2,159
Stock issued for services​$—​$81​$778
Supplemental disclosure of cash flow information:​​​​​​​​​
Cash paid during the period for income taxes​$210​$649$88
Cash paid during the period for interest​$1,394​$1,437​$1,115
Cash received during the period for interest​$2,030​$16​$26
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.