BG Foods Inc
For the period ended Jun 29, 2024. Filed Aug 6, 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.
Jun 29, 2024 · Filed Aug 6, 2024
BGS$2.660.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
(In thousands)
| | | | | | | | |
|---|---|---|---|---|---|---|---|
| · · Twenty-six Weeks Ended · | |||||||
| · June 29, · July 1, | |||||||
| · 2024 · 2023 | |||||||
| Cash flows from operating activities: | | | | | | | |
| Net (loss) income | | $(36,301) | | $13,968 | | ||
| Adjustments to reconcile net (loss) income to net cash provided by operating activities: | | | | | | | |
| Depreciation and amortization | | 34,552 | | 35,304 | | ||
| Amortization of operating lease right-of-use assets | | | 9,480 | | | 8,905 | |
| Amortization of deferred debt financing costs and bond discount/premium | | 3,208 | | 4,684 | | ||
| Deferred income taxes | | (15,158) | | 15,097 | | ||
| Impairment of goodwill | | | 70,580 | | | — | |
| Loss on sales of assets | | | 258 | | | 177 | |
| Gain on extinguishment of debt | | | — | | | (786) | |
| Share-based compensation expense | | 4,395 | | 3,301 | | ||
| Changes in assets and liabilities, net of effects of businesses acquired: | | | | | | | |
| Trade accounts receivable | | 468 | | 7,381 | | ||
| Inventories | | 3,136 | | 57,200 | | ||
| Prepaid expenses and other current assets | | (787) | | (2,332) | | ||
| Income tax receivable/payable, net | | (4,001) | | (1,078) | | ||
| Other assets | | (2,646) | | (1,042) | | ||
| Trade accounts payable | | 4,472 | | 6,639 | | ||
| Accrued expenses | | (26,326) | | (16,046) | | ||
| Other liabilities | | 1,080 | | 1,005 | | ||
| Net cash provided by operating activities | | 46,410 | | 132,377 | | ||
| | | | | | | | |
| Cash flows from investing activities: | | | | | | | |
| Capital expenditures | | (13,747) | | (10,605) | | ||
| Proceeds from sales of assets | | | (422) | | | 51,497 | |
| Net cash (used in) provided by investing activities | | (14,169) | | 40,892 | | ||
| | | | | | | | |
| Cash flows from financing activities: | | | | | | | |
| Repurchases of senior notes | | | (21,315) | | | (23,350) | |
| Repayments of borrowings under term loan facility | | (685) | | (121,000) | | ||
| Repayments of borrowings under revolving credit facility | | (60,000) | | (107,500) | | ||
| Borrowings under revolving credit facility | | 80,000 | | 105,000 | | ||
| Dividends paid | | (29,958) | | (27,337) | | ||
| Payments of tax withholding on behalf of employees for net share settlement of share-based compensation | | (615) | | (1,879) | | ||
| Net cash used in financing activities | | (32,573) | | (176,066) | | ||
| | | | | | | | |
| Effect of exchange rate fluctuations on cash and cash equivalents | | (439) | | 127 | | ||
| Net decrease in cash and cash equivalents | | (771) | | (2,670) | | ||
| | | | | | | | |
| Cash and cash equivalents at beginning of period | | 41,094 | | 45,442 | | ||
| Cash and cash equivalents at end of period | | $40,323 | | $42,772 | | ||
| | | | | | | | |
| Supplemental disclosures of cash flow information: | | | | | | | |
| Cash interest payments | | $71,254 | | $71,916 | | ||
| Cash income tax payments | | $10,044 | | $9,991 | | ||
| Non-cash investing and financing transactions: | | | | | | | |
| Dividends declared and not yet paid | | $15,041 | | $13,735 | | ||
| Accruals related to purchases of property, plant and equipment | | $1,798 | | $1,525 | | ||
| Right-of-use assets obtained in exchange for new operating lease liabilities | | $2,709 | | $6,750 | | ||
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Notes to Consolidated Financial Statements
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