CRACKER BARREL OLD COUNTRY STORE INC

For the period ended Jan 31, 2025. Filed Mar 6, 2025.

About this filing

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.

Jan 31, 2025 · Filed Mar 6, 2025

CBRL$65.11-2.7%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Cash Flows


· · Six Months Ended ·
· · January 31, · · January 26, ·
· 2025 · 2024 ·
Cash flows from operating activities: · · ·
Net income	$27,051	$31,990
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	59,388	54,428
Amortization of debt issuance costs	884	874
Loss on disposition of property and equipment	4,246	2,898
Impairment	2,863	—
Share-based compensation	6,505	6,253
Noncash lease expense	30,436	30,162
Amortization of asset recognized from gain on sale and leaseback transactions	6,368	6,368
Changes in assets and liabilities:
Inventories	7,970	16,662
Other current assets	(11,451)	(14,195)
Accounts payable	(19,127)	(29,096)
Other current liabilities	19,152	(1,092)
Long-term operating lease liabilities	(35,668)	(37,905)
Other long-term assets and liabilities	(4,924)	(5,468)
Net cash provided by operating activities	93,693	61,879

Cash flows from investing activities:
Purchase of property and equipment	(77,071)	(51,453)
Proceeds from insurance recoveries of property and equipment	85	373
Proceeds from sale of property and equipment	894	91
Net cash used in investing activities	(76,092)	(50,989)

Cash flows from financing activities:
Proceeds from issuance of long-term debt	199,500	243,500
Principal payments under long-term debt	(205,500)	(207,000)
Taxes withheld from issuance of share-based compensation awards	(1,379)	(1,597)
Dividends on common stock	(11,911)	(58,338)
Net cash used in financing activities	(19,290)	(23,435)

Net decrease in cash and cash equivalents	(1,689)	(12,545)
Cash and cash equivalents, beginning of period	12,035	25,147
Cash and cash equivalents, end of period	$10,346	$12,602

Supplemental disclosures of cash flow information:
Cash paid during the period for:
Interest, net of amounts capitalized	$9,494	$8,351
Income taxes	$5,670	$5,634

Supplemental schedule of non-cash investing and financing activities*:
Capital expenditures accrued in accounts payable	$4,195	$3,563
Dividends declared but not yet paid	$6,935	$30,387

*See Note 8 for additional supplemental disclosures related to leases.

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