Floor Decor Holdings Inc
For the period ended Jun 27, 2024. Filed Aug 1, 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.
Jun 27, 2024 · Filed Aug 1, 2024
FND$51.44-3.5%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 (Unaudited)
Condensed Consolidated Statements of Cash Flows
| Twenty-six Weeks Ended | ||
|---|---|---|
| in thousands | June 27,2024 | June 29,2023 |
| Operating activities | ||
| Net income | $106,698 | $142,976 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 114,807 | 96,028 |
| Stock-based compensation expense | 15,587 | 15,047 |
| Deferred income taxes | (13,770) | (13,480) |
| Loss on asset impairments and disposals, net | 1,511 | 765 |
| Change in fair value of contingent earn-out liabilities | (87) | 1,787 |
| Interest cap derivative contracts | 85 | 57 |
| Changes in operating assets and liabilities, net of effects of acquisition: | ||
| Receivables, net | (9,821) | 12,595 |
| Inventories, net | 68,866 | 128,554 |
| Trade accounts payable | 19,136 | 84,885 |
| Accrued expenses and other current liabilities | 18,969 | 6,579 |
| Income taxes | 24,390 | (6,755) |
| Deferred revenue | 2,045 | 4,324 |
| Other, net | (6,936) | 3,283 |
| Net cash provided by operating activities | 341,480 | 476,645 |
| Investing activities | ||
| Purchases of fixed assets | (225,614) | (279,175) |
| Acquisition, net of cash acquired | — | (17,156) |
| Net cash used in investing activities | (225,614) | (296,331) |
| Financing activities | ||
| Payments on term loan | (1,051) | (1,051) |
| Borrowings on revolving line of credit | 258,600 | 384,200 |
| Payments on revolving line of credit | (258,600) | (559,400) |
| Payments of contingent earn-out liabilities | (5,769) | (5,241) |
| Proceeds from exercise of stock options | 5,442 | 4,858 |
| Proceeds from employee stock purchase plan | 2,720 | 2,558 |
| Tax payments for stock-based compensation awards | (13,527) | (11,861) |
| Net cash used in financing activities | (12,185) | (185,937) |
| Net increase (decrease) in cash and cash equivalents | 103,681 | (5,623) |
| Cash and cash equivalents, beginning of the period | 34,382 | 9,794 |
| Cash and cash equivalents, end of the period | $138,063 | $4,171 |
| Supplemental disclosures of cash flow information | ||
| Buildings and equipment acquired under operating leases | $128,008 | $112,554 |
| Cash paid for interest, net of capitalized interest | $2,121 | $7,455 |
| Cash paid for income taxes, net of refunds | $10,699 | $60,792 |
| Fixed assets accrued at the end of the period | $93,506 | $116,555 |
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