Camping World Holdings Inc

For the period ended Dec 31, 2023. Filed Feb 26, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 26, 2024

CWH$4.38-6.2%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Item 8. Consolidated Statements of Cash Flows


· · Year Ended December 31, ·
· 2023 · 2022 · 2021
Operating activities
Net income	$50,601	$351,031	$642,075

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	68,643	80,304	66,418
Equity-based compensation	24,086	33,847	47,936
(Gain) loss on lease termination	(103)	1,614	2,211
Loss on debt restructure	—	—	1,390
Long-lived asset impairment	9,269	4,231	3,044
(Gain) loss on sale or disposal of assets	(5,222)	622	(576)
Provision for losses on accounts receivable	(892)	669	1,610
Non-cash lease expense	61,045	59,647	60,519
Accretion of original debt issuance discount	2,207	2,602	1,330
Non-cash interest	2,846	2,077	2,513
Deferred income taxes	(11,880)	43,301	(5,890)
Tax Receivable Agreement liability adjustment	(2,442)	(114)	2,813
Change in assets and liabilities, net of acquisitions:
Receivables and contracts in transit	(23,957)	(4,111)	(28,797)
Inventories	200,940	(254,319)	(629,830)
Prepaid expenses and other assets	16,070	(5,104)	(4,676)
Accounts payable and other accrued expenses	287	(42,303)	52,694
Payment pursuant to Tax Receivable Agreement	(10,937)	(11,322)	(8,089)
Deferred revenue	(6,796)	1,451	14,761
Operating lease liabilities	(60,033)	(67,097)	(63,462)
CARES Act deferral of payroll taxes	—	(14,706)	(14,616)
Other, net	(2,925)	7,463	10,626
Net cash provided by operating activities	310,807	189,783	154,004

Investing activities
Purchases of property and equipment	(131,080)	(154,926)	(118,657)
Proceeds from sale of property and equipment	3,204	1,623	2,199
Purchases of real property	(67,194)	(55,666)	(129,154)
Proceeds from the sale of real property	40,785	7,352	3,635
Purchases of businesses, net of cash acquired	(209,459)	(217,034)	(100,117)
Purchases of and loans to other investments	(3,444)	(3,000)	(7,983)
Purchases of intangible assets	(2,218)	(884)	(5,695)
Net cash used in investing activities	$(369,406)	$(422,535)	$(355,772)


· · Year Ended December 31, ·
· 2023 · 2022 · 2021
Financing activities
Proceeds from long-term debt	59,227	127,759	430,698
Payments on long-term debt	(38,958)	(12,322)	(177,948)
Net proceeds on notes payable – floor plan, net	59,280	314,061	487,946
Borrowings on revolving line of credit	—	—	20,000
Payments on revolving line of credit	—	—	(20,000)
Proceeds from landlord funded construction on finance leases	—	6,028	—
Payments on finance leases	(5,497)	(5,977)	(2,871)
Proceeds from sale-leaseback arrangement	—	27,951	—
Payments on sale-leaseback arrangement	(187)	(132)	—
Payment of debt issuance costs	(937)	(3,181)	(1,925)
Dividends on Class A common stock	(66,831)	(105,387)	(67,176)
Proceeds from exercise of stock options	389	541	4,111
RSU shares withheld for tax	(6,861)	(11,128)	(12,089)
Stock award shares withheld for tax	—	—	(7,727)
Repurchases of Class A common stock to treasury stock	—	(79,757)	(156,256)
Disgorgement of short-swing profits by Section 16 officer	—	58	—
Distributions to holders of LLC common units	(31,510)	(162,963)	(193,735)
Net cash (used in) provided by financing activities	(31,885)	95,551	303,028

(Decrease) increase in cash and cash equivalents	(90,484)	(137,201)	101,260
Cash and cash equivalents at beginning of the period	130,131	267,332	166,072
Cash and cash equivalents at end of the period	$39,647	$130,131	$267,332

Camping World Holdings, Inc. and Subsidiaries

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.