Chefs Warehouse Inc
For the period ended Mar 29, 2024. Filed May 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.
Mar 29, 2024 · Filed May 1, 2024
CHEF$108.18+0.8%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
(Amounts in thousands)
| Thirteen Weeks Ended | ||
|---|---|---|
| March 29, 2024 | March 31, 2023 | |
| Cash flows from operating activities: | ||
| Net income | $1,931 | $1,401 |
| Adjustments to reconcile net income to net cash provided by (used in) operating activities: | ||
| Depreciation and amortization | 9,234 | 7,011 |
| Amortization of intangible assets | 6,171 | 4,697 |
| Provision for allowance for doubtful accounts | 4,361 | 1,849 |
| Provision for deferred income taxes | 334 | 123 |
| Loss on debt extinguishment | 289 | — |
| Stock compensation | 4,199 | 5,334 |
| Change in fair value of contingent earn-out liabilities | (613) | 372 |
| Non-cash interest and other operating activities | 1,578 | 1,609 |
| Changes in assets and liabilities, net of acquisitions: | ||
| Accounts receivable | 16,411 | 9,860 |
| Inventories | 13,148 | (20,075) |
| Prepaid expenses and other current assets | (454) | 1,612 |
| Accounts payable, accrued liabilities and accrued compensation | (22,914) | (15,044) |
| Other assets and liabilities | (2,775) | (1,010) |
| Net cash provided by (used in) operating activities | 30,900 | (2,261) |
| Cash flows from investing activities: | ||
| Capital expenditures | (17,066) | (8,696) |
| Cash paid for acquisitions, net of cash acquired | (315) | (50,937) |
| Net cash used in investing activities | (17,381) | (59,633) |
| Cash flows from financing activities: | ||
| Payment of debt and other financing obligations | (6,750) | (3,228) |
| Payment of finance leases | (1,125) | (150) |
| Common stock repurchases | (5,004) | — |
| Surrender of shares to pay withholding taxes | (7,073) | (1,763) |
| Cash paid for contingent earn-out liability | (1,300) | — |
| Net cash used in financing activities | (21,252) | (5,141) |
| Effect of foreign currency on cash and cash equivalents | 121 | (23) |
| Net change in cash and cash equivalents | (7,612) | (67,058) |
| Cash and cash equivalents-beginning of period | 49,878 | 158,800 |
| Cash and cash equivalents-end of period | $42,266 | $91,742 |
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