Chefs Warehouse Inc
For the period ended Jun 28, 2024. Filed Jul 31, 2024.
View on SEC.govAbout this filing
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 28, 2024 · Filed Jul 31, 2024
CHEF$108.18+0.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows
(Amounts in thousands)
| Twenty-Six Weeks Ended | ||
|---|---|---|
| June 28, 2024 | June 30, 2023 | |
| Cash flows from operating activities: | ||
| Net income | $17,455 | $11,268 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 18,771 | 15,682 |
| Amortization of intangible assets | 12,342 | 10,456 |
| Provision for allowance for doubtful accounts | 6,097 | 3,311 |
| Provision for deferred income taxes | 3,003 | 990 |
| Loss on debt extinguishment | 366 | — |
| Stock compensation | 8,754 | 10,581 |
| Change in fair value of contingent earn-out liabilities | (615) | 1,092 |
| Intangible asset impairment | — | 1,838 |
| Non-cash interest and other operating activities | 2,747 | 3,647 |
| Changes in assets and liabilities, net of acquisitions: | ||
| Accounts receivable | 4,269 | (9,854) |
| Inventories | (25,431) | (35,450) |
| Prepaid expenses and other current assets | (3,368) | (2,435) |
| Accounts payable, accrued liabilities and accrued compensation | 17,812 | 453 |
| Other assets and liabilities | (1,976) | (796) |
| Net cash provided by operating activities | 60,226 | 10,783 |
| Cash flows from investing activities: | ||
| Capital expenditures | (33,123) | (23,155) |
| Cash paid for acquisitions, net of cash acquired | (315) | (119,580) |
| Net cash used in investing activities | (33,438) | (142,735) |
| Cash flows from financing activities: | ||
| Payment of debt and other financing obligations | (14,500) | (10,238) |
| Payment of finance leases | (3,839) | (1,442) |
| Common stock repurchases | (10,004) | — |
| Surrender of shares to pay withholding taxes | (7,283) | (2,115) |
| Cash paid for contingent earn-out liability | (3,550) | (3,210) |
| Borrowings under asset-based loan facility and revolving credit facilities | 813 | 50,000 |
| Net cash (used in) provided by financing activities | (38,363) | 32,995 |
| Effect of foreign currency on cash and cash equivalents | 37 | (251) |
| Net change in cash and cash equivalents | (11,538) | (99,208) |
| Cash and cash equivalents-beginning of period | 49,878 | 158,800 |
| Cash and cash equivalents-end of period | $38,340 | $59,592 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.