Chefs Warehouse Inc
For the period ended Sep 27, 2024. Filed Oct 30, 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.
Sep 27, 2024 · Filed Oct 30, 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)
| Thirty-Nine Weeks Ended | ||
|---|---|---|
| September 27, 2024 | September 29, 2023 | |
| Cash flows from operating activities: | ||
| Net income | $31,553 | $18,590 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 29,361 | 24,167 |
| Amortization of intangible assets | 18,216 | 16,924 |
| Provision for allowance for doubtful accounts | 8,228 | 5,216 |
| Provision for deferred income taxes | 5,416 | 3,018 |
| Loss on debt extinguishment | 512 | — |
| Stock compensation | 13,177 | 15,855 |
| Change in fair value of contingent earn-out liabilities | (683) | 2,850 |
| Intangible asset impairment | — | 1,838 |
| Non-cash interest and other operating activities | 3,233 | 6,040 |
| Changes in assets and liabilities, net of acquisitions: | ||
| Accounts receivable | (8,708) | (27,387) |
| Inventories | (51,786) | (56,350) |
| Prepaid expenses and other current assets | (5,899) | (3,460) |
| Accounts payable, accrued liabilities and accrued compensation | 40,938 | 18,740 |
| Other assets and liabilities | (3,501) | (5,996) |
| Net cash provided by operating activities | 80,057 | 20,045 |
| Cash flows from investing activities: | ||
| Capital expenditures | (41,131) | (35,130) |
| Cash paid for acquisitions, net of cash acquired | (315) | (120,600) |
| Net cash used in investing activities | (41,446) | (155,730) |
| Cash flows from financing activities: | ||
| Payment of debt and other financing obligations | (18,500) | (30,448) |
| Payment of finance leases | (5,001) | (2,996) |
| Common stock repurchases | (10,004) | — |
| Payment of deferred financing fees | — | (354) |
| Proceeds from exercise of stock options | 55 | 55 |
| Surrender of shares to pay withholding taxes | (7,377) | (2,134) |
| Cash paid for contingent earn-out liability | (3,800) | (3,650) |
| Borrowings under asset-based loan facility and revolving credit facilities | 6,801 | 50,000 |
| Net cash (used in) provided by financing activities | (37,826) | 10,473 |
| Effect of foreign currency on cash and cash equivalents | 42 | (530) |
| Net change in cash and cash equivalents | 827 | (125,742) |
| Cash and cash equivalents-beginning of period | 49,878 | 158,800 |
| Cash and cash equivalents-end of period | $50,705 | $33,058 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.