Citi Trends Inc
For the period ended Nov 2, 2024. Filed Dec 11, 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.
Nov 2, 2024 · Filed Dec 11, 2024
CTRN$45.56-2.0%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
(in thousands)
| | | | | | | | |
|---|---|---|---|---|---|---|---|
| · · Thirty-Nine Weeks Ended · | |||||||
| · · November 2, · · October 28, · | |||||||
| · 2024 · 2023 | |||||||
| Operating activities: | | | | | | | |
| Net loss | | $(28,991) | | $(15,530) | | ||
| Adjustments to reconcile net loss to net cash used in operating activities: | | | | | | | |
| Depreciation | | | 14,331 | | | 14,138 | |
| Asset impairment | | | 1,835 | | | 178 | |
| Non-cash operating lease costs | | | 36,708 | | | 38,494 | |
| Loss on disposal of property and equipment | | | 24 | | | 23 | |
| Deferred income taxes | | | (10,197) | | | (4,304) | |
| Insurance proceeds related to operating activities | | | — | | | 3,482 | |
| Non-cash stock-based compensation expense | | | 2,434 | | | 3,002 | |
| Gain on insurance related to operating activities | | | — | | | (3,482) | |
| Changes in assets and liabilities: | | | | | | | |
| Inventory | | | 2,918 | | | (23,933) | |
| Prepaid and other current assets | | | (2,307) | | | 1,711 | |
| Other assets | | | 120 | | | 133 | |
| Accounts payable | | | (17,898) | | | 2,322 | |
| Accrued expenses and other long-term liabilities | | | (35,916) | | | (45,515) | |
| Accrued compensation | | | 2,885 | | | (1,821) | |
| Income tax receivable/payable | | | 542 | | | (2,691) | |
| Layaway deposits | | | 1,164 | | | 925 | |
| Net cash used in operating activities | | | (32,348) | | | (32,868) | |
| Investing activities: | | | | | | | |
| Purchases of property and equipment | | | (7,606) | | | (11,568) | |
| Insurance proceeds related to investing activities | | | — | | | 1,518 | |
| Net cash used in investing activities | | | (7,606) | | | (10,050) | |
| Financing activities: | | | | | | | |
| Cash used to settle withholding taxes on the vesting of nonvested restricted stock | | | (880) | | | (851) | |
| Net cash used in financing activities | | | (880) | | | (851) | |
| Net decrease in cash and cash equivalents | | | (40,834) | | | (43,769) | |
| Cash and cash equivalents: | | | | | | | |
| Beginning of period | | | 79,706 | | | 103,495 | |
| End of period | | $38,872 | | $59,726 | | ||
| | | | | | | | |
| Supplemental disclosures of cash flow information: | | | | | | | |
| Cash paid for interest | | $125 | | $119 | | ||
| Cash (refunds) payments of income taxes | | $(340) | | $1,545 | | ||
| Supplemental disclosures of non-cash investing activities: | | | | | | | |
| Accrual for purchases of property and equipment | | $374 | | $841 | | ||
Condensed Consolidated Statements of Stockholders**’**** Equity**
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