ONE Group Hospitality Inc
For the period ended Dec 31, 2024. Filed Mar 10, 2025.
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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.
FY2024 · Filed Mar 10, 2025
STKS$0.98-3.0%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
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
| | | | | | | |
|---|---|---|---|---|---|---|
| · · For the year ended December 31, | ||||||
| · 2024 · 2023 | ||||||
| Operating activities: · · | ||||||
| Net (loss) income | | $(16,653) | | $4,026 | ||
| Adjustments to reconcile net (loss) income to net cash provided by operating activities: | | | ||||
| Depreciation and amortization | | 34,096 | | 15,664 | ||
| Non-cash exit costs | | | 692 | | | — |
| Stock-based compensation | | 6,017 | | 5,032 | ||
| Non-cash loss on early debt extinguishment | | 1,674 | | — | ||
| Amortization of debt issuance costs and debt original discounts | | 2,635 | | 745 | ||
| Deferred taxes | | (8,580) | | (2,434) | ||
| Changes in operating assets and liabilities, net of acquisition: | | | ||||
| Accounts receivable | | 296 | | (2,056) | ||
| Inventory | | (729) | | (456) | ||
| Other current assets | | 139 | | 340 | ||
| Security deposits | | (497) | | (30) | ||
| Other assets | | (3,133) | | (552) | ||
| Accounts payable | | 3,121 | | 2,911 | ||
| Accrued expenses | | 16,053 | | 1,608 | ||
| Operating lease liabilities and right-of-use assets | | | 7,441 | | | 5,880 |
| Other liabilities | | 1,616 | | 103 | ||
| Net cash provided by operating activities | | 44,188 | | 30,781 | ||
| | | | ||||
| Investing activities: | | | ||||
| Acquisition related payments, net of cash acquired | | | (369,838) | | | — |
| Purchase of property and equipment | | (71,555) | | (53,550) | ||
| Net cash used in investing activities | | (441,393) | | (53,550) | ||
| | | | ||||
| Financing activities: | | | ||||
| Borrowings of long-term debt | | | 333,829 | | | — |
| Repayments of long-term debt and financing lease liabilities | | | (75,471) | | | (1,021) |
| Issuance of Series A preferred stock net of discount | | 138,943 | | — | ||
| Issuance of warrants to Series A preferred stockholders | | | 10,771 | | | — |
| Exercise of stock options | | 242 | | 310 | ||
| Tax-withholding obligation on stock-based compensation | | | (827) | | | (2,655) |
| Purchase of treasury stock | | | (3,151) | | | (7,882) |
| Net cash provided by (used in) financing activities | | 404,336 | | (11,248) | ||
| Effect of exchange rate changes on cash | | (103) | | (57) | ||
| Net increase (decrease) in cash and cash equivalents | | 7,028 | | (34,074) | ||
| Cash and cash equivalents, beginning of year | | 21,047 | | 55,121 | ||
| Cash and cash equivalents, end of year | | $28,075 | | $21,047 | ||
| Supplemental disclosure of cash flow data: | | | | |||
| Interest paid, net of capitalized interest | | $24,501 | | $5,313 | ||
| Income taxes paid, net of refunds | | $497 | | $720 | ||
| Accrued purchases of property and equipment | | $11,194 | | $12,575 | ||
| Reconciliation of cash and cash equivalents and restricted cash and cash equivalents | | | | | | |
| Cash and cash equivalents | | | 27,576 | | | 21,047 |
| Restricted cash and cash equivalents | | | 499 | | | — |
| Total cash and cash equivalents and restricted cash and cash equivalents as shown in the statement of cash flows | | $28,075 | | $21,047 | ||
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