Camping World Holdings Inc
For the period ended Dec 31, 2024. Filed Feb 28, 2025.
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FY2024 · Filed Feb 28, 2025
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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Item 8. Consolidated Statements of Cash Flows
| | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|
| · · Year Ended December 31, · | ||||||||||
| · 2024 · 2023 · 2022 | ||||||||||
| Operating activities | | | | | | | | | | |
| Net (loss) income | | $(78,880) | | $52,929 | | $337,832 | | |||
| | | | | | | | | | | |
| Adjustments to reconcile net (loss) income to net cash provided by operating activities: | | | | | | | | | | |
| Depreciation and amortization | | | 81,190 | | | 68,643 | | | 80,304 | |
| Stock-based compensation | | | 21,585 | | | 24,086 | | | 33,847 | |
| (Gain) loss on lease termination | | | (6,813) | | | (103) | | | 1,614 | |
| Long-lived asset impairment | | | 15,061 | | | 9,269 | | | 4,231 | |
| Loss (gain) on sale or disposal of assets | | | 9,855 | | | (5,222) | | | 622 | |
| Provision for losses on accounts receivable | | | 754 | | | (892) | | | 669 | |
| Noncash lease expense | | | 56,685 | | | 61,045 | | | 59,647 | |
| Accretion of original debt issuance discount | | | 2,416 | | | 2,207 | | | 2,602 | |
| Noncash interest | | | 3,109 | | | 2,846 | | | 2,077 | |
| Deferred income taxes | | | (12,946) | | | (14,208) | | | 56,500 | |
| Tax Receivable Agreement liability adjustment | | | — | | | (2,442) | | | (114) | |
| Change in assets and liabilities, net of acquisitions: | | | | | | | | | | |
| Receivables and contracts in transit | | | 10,173 | | | (23,957) | | | (4,111) | |
| Inventories | | | 228,024 | | | 200,940 | | | (254,319) | |
| Prepaid expenses and other assets | | | (9,824) | | | 16,070 | | | (5,104) | |
| Accounts payable and other accrued expenses | | | (8,908) | | | 287 | | | (42,303) | |
| Payment pursuant to Tax Receivable Agreement | | | (13,350) | | | (10,937) | | | (11,322) | |
| Deferred revenues | | | (3,380) | | | (6,796) | | | 1,451 | |
| Operating lease liabilities | | | (59,150) | | | (60,033) | | | (67,097) | |
| CARES Act deferral of payroll taxes | | | — | | | — | | | (14,706) | |
| Other, net | | | 9,558 | | | (2,925) | | | 7,463 | |
| Net cash provided by operating activities | | | 245,159 | | | 310,807 | | | 189,783 | |
| | | | | | | | | | | |
| Investing activities | | | | | | | | | | |
| Purchases of property and equipment | | | (90,837) | | | (131,080) | | | (154,926) | |
| Proceeds from sale of property and equipment | | | 4,025 | | | 3,204 | | | 1,623 | |
| Purchases of real property | | | (9,602) | | | (67,194) | | | (55,666) | |
| Proceeds from the sale of real property | | | 58,153 | | | 40,785 | | | 7,352 | |
| Purchases of businesses, net of cash acquired | | | (72,323) | | | (209,459) | | | (217,034) | |
| Proceeds from divestiture of business | | | 19,957 | | | — | | | — | |
| Purchases of and loans to other investments | | | — | | | (3,444) | | | (3,000) | |
| Purchases of intangible assets | | | (143) | | | (2,218) | | | (884) | |
| Proceeds from sale of intangible assets | | | 2,595 | | | — | | | — | |
| Net cash used in investing activities | | $(88,175) | | $(369,406) | | $(422,535) | | |||
| | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|
| · · Year Ended December 31, · | ||||||||||
| · 2024 · 2023 · 2022 | ||||||||||
| Financing activities | | | | | | | | | | |
| Proceeds from long-term debt | | | 55,624 | | | 59,227 | | | 127,759 | |
| Payments on long-term debt | | | (80,939) | | | (38,958) | | | (12,322) | |
| Net (payments) proceeds on notes payable – floor plan, net | | | (217,857) | | | 59,280 | | | 314,061 | |
| Borrowings on revolving line of credit | | | 43,000 | | | — | | | — | |
| Payments on revolving line of credit | | | (63,885) | | | — | | | — | |
| Proceeds from landlord funded construction on finance leases | | | — | | | — | | | 6,028 | |
| Payments on finance leases | | | (7,485) | | | (5,497) | | | (5,977) | |
| Proceeds from sale-leaseback arrangement | | | — | | | — | | | 27,951 | |
| Payments on sale-leaseback arrangement | | | (198) | | | (187) | | | (132) | |
| Payment of debt issuance costs | | | (1,123) | | | (937) | | | (3,181) | |
| Proceeds from issuance of Class A common stock sold in a public offering, net of underwriter discounts and commissions | | | 333,356 | | | — | | | — | |
| Payments of stock offering costs | | | (408) | | | — | | | — | |
| Dividends on Class A common stock | | | (24,749) | | | (66,831) | | | (105,387) | |
| Proceeds from exercise of stock options | | | 549 | | | 389 | | | 541 | |
| RSU shares withheld for tax | | | (5,412) | | | (6,861) | | | (11,128) | |
| Repurchases of Class A common stock to treasury stock | | | — | | | — | | | (79,757) | |
| Disgorgement of short-swing profits by Section 16 officer | | | — | | | — | | | 58 | |
| Distributions to holders of LLC common units | | | (18,682) | | | (31,510) | | | (162,963) | |
| Net cash provided by (used in) financing activities | | | 11,791 | | | (31,885) | | | 95,551 | |
| | | | | | | | | | | |
| Increase (decrease) in cash and cash equivalents | | | 168,775 | | | (90,484) | | | (137,201) | |
| Cash and cash equivalents at beginning of the period | | | 39,647 | | | 130,131 | | | 267,332 | |
| Cash and cash equivalents at end of the period | | $208,422 | | $39,647 | | $130,131 | | |||
Camping World Holdings, Inc. and Subsidiaries
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