NATURAL ALTERNATIVES INTERNATIONAL INC
For the period ended Dec 31, 2023. Filed Feb 13, 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.
Dec 31, 2023 · Filed Feb 13, 2024
NAII$1.00-12.8%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows
(In thousands)
| Six Months Ended | ||
|---|---|---|
| December 31, | ||
| 2023 | 2022 | |
| Cash flows from operating activities | ||
| Net (loss) income | $(3,765) | $2,866 |
| Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities: | ||
| Provision for uncollectible accounts receivable | — | (57) |
| Depreciation and amortization | 2,341 | 2,039 |
| Non-cash compensation | 607 | 467 |
| Non-cash lease expense | 3,611 | 2,013 |
| Pension contributions, net of expense | 7 | 50 |
| Gain on disposal of assets | — | (37) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (3,435) | 7,198 |
| Inventories, net | 10,098 | (3,561) |
| Prepaids and other assets | (925) | (619) |
| Accounts payable and accrued liabilities | (309) | (3,121) |
| Forward contracts | 119 | 152 |
| Accrued compensation and employee benefits | (585) | (1,844) |
| Operating lease liabilities | (1,723) | (1,624) |
| Income taxes | (1,197) | (187) |
| Net cash provided by operating activities | 4,844 | 3,735 |
| Cash flows from investing activities | ||
| Proceeds from sale of property and equipment | — | 42 |
| Purchases of property and equipment | (1,707) | (11,640) |
| Net cash used in investing activities | (1,707) | (11,598) |
| Cash flows from financing activities | ||
| Payments on long-term debt | (146) | (138) |
| Repurchase of common stock | — | (1,059) |
| Net cash (used in) financing activities | (146) | (1,197) |
| Net increase (decrease) in cash and cash equivalents | 2,991 | (9,060) |
| Cash and cash equivalents at beginning of period | 13,604 | 21,833 |
| Cash and cash equivalents at end of period | $16,595 | $12,773 |
| Supplemental disclosures of cash flow information | ||
| Cash paid during the period for: | ||
| Interest | $114 | $131 |
| Income taxes | $274 | $877 |
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