Honest Company Inc
For the period ended Dec 31, 2024. Filed Feb 26, 2025.
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FY2024 · Filed Feb 26, 2025
HNST$5.20+0.6%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
(in thousands)
| For the year ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Cash flows from operating activities | |||
| Net loss | $(6,124) | $(39,238) | $(49,019) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | |||
| Depreciation and amortization | 2,843 | 2,740 | 2,753 |
| Stock-based compensation | 15,675 | 15,804 | 15,078 |
| Amortization of operating ROU assets | 6,444 | 6,257 | 6,180 |
| Other | 746 | (1,369) | (558) |
| Changes in assets and liabilities: | |||
| Accounts receivable, net | (378) | (682) | (10,836) |
| Inventories | (10,934) | 43,475 | (38,987) |
| Prepaid expenses and other assets | (1,437) | 8,005 | (4,358) |
| Accounts payable, accrued expenses and other long-term liabilities | 3,809 | (9,347) | 10,396 |
| Deferred revenue | (998) | 1,396 | 83 |
| Operating lease liabilities | (8,105) | (7,688) | (7,007) |
| Net cash provided by (used in) operating activities | 1,541 | 19,353 | (76,275) |
| Cash flows from investing activities | |||
| Purchases of short-term investments | — | — | (12,782) |
| Proceeds from maturities of short-term investments | — | 5,683 | 49,362 |
| Purchases of property and equipment | (530) | (1,838) | (1,617) |
| Purchases of intangible assets | — | (10) | — |
| Net cash provided by (used in) investing activities | (530) | 3,835 | 34,963 |
| Cash flows from financing activities | |||
| Proceeds from exercise of stock options | 41,453 | 4 | 122 |
| Taxes paid related to net share settlement of equity awards | — | — | (37) |
| Proceeds from 2021 ESPP | 163 | 176 | 256 |
| Payments on finance lease liabilities | (19) | (58) | (303) |
| Net cash provided by financing activities | 41,597 | 122 | 38 |
| Net increase (decrease) in cash and cash equivalents | 42,608 | 23,310 | (41,274) |
| Cash and cash equivalents | |||
| Beginning of the period | 32,827 | 9,517 | 50,791 |
| End of the period | $75,435 | $32,827 | $9,517 |
| Supplemental disclosures of cash flow information | |||
| Cash paid during the period for: | |||
| Interest | $— | $1 | $8 |
| Income Taxes | $89 | $116 | $101 |
| Supplemental disclosures of noncash activities | |||
| Capital expenditures included in accounts payable and accrued expenses | $44 | $25 | $54 |
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