NATURAL ALTERNATIVES INTERNATIONAL INC
For the period ended Mar 31, 2024. Filed May 14, 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 31, 2024 · Filed May 14, 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)
| Nine Months Ended | ||
|---|---|---|
| March 31, | ||
| 2024 | 2023 | |
| Cash flows from operating activities | ||
| Net (loss) income | $(5,343) | $485 |
| Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities: | ||
| Recovery of uncollectible accounts receivable | — | (18) |
| Depreciation and amortization | 3,439 | 3,050 |
| Non-cash compensation | 922 | 725 |
| Non-cash lease expense | 4,007 | 2,937 |
| Pension expense, net of contributions | (44) | 75 |
| Gain on disposal of assets | — | (43) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (4,199) | 9,829 |
| Inventories, net | 8,623 | (6,834) |
| Prepaids and other assets | (1,561) | (868) |
| Accounts payable and accrued liabilities | (722) | (6,178) |
| Forward contracts | 755 | 517 |
| Accrued compensation and employee benefits | (154) | (614) |
| Operating lease liabilities | (2,525) | (2,455) |
| Income taxes | (1,978) | (1,078) |
| Net cash provided by (used in) operating activities | 1,220 | (470) |
| Cash flows from investing activities | ||
| Proceeds from sale of property and equipment | — | 48 |
| Purchases of property and equipment | (1,983) | (13,239) |
| Net cash used in investing activities | (1,983) | (13,191) |
| Cash flows from financing activities | ||
| Borrowings on line of credit | — | 9,100 |
| Payments on long-term debt | (217) | (209) |
| Repurchase of common stock | (217) | (1,503) |
| Net cash (used in) provided by financing activities | (434) | 7,388 |
| Net decrease in cash and cash equivalents | (1,197) | (6,273) |
| Cash and cash equivalents at beginning of period | 13,604 | 21,833 |
| Cash and cash equivalents at end of period | $12,407 | $15,560 |
| Supplemental disclosures of cash flow information | ||
| Cash paid during the period for: | ||
| Interest | $184 | $507 |
| Income taxes | $283 | $1,321 |
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