MONRO INC
For the period ended Dec 28, 2024. Filed Jan 29, 2025.
View on SEC.govAbout 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.
Dec 28, 2024 · Filed Jan 29, 2025
MNRO$10.80-3.1%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
| Monro, Inc. Q3 2025 Form 10-Q | 5 |
Consolidated Statements of Cash Flows
| Nine Months Ended | ||
|---|---|---|
| (thousands) (unaudited) | December 28, 2024 | December 23, 2023 |
| Operating activities | ||
| Net income | $16,093 | $33,871 |
| Adjustments to reconcile net income to cash provided by operating activities: | ||
| Depreciation and amortization | 52,362 | 54,437 |
| Share-based compensation expense | 2,682 | 2,513 |
| Gain on disposal of assets | (3,959) | (1,579) |
| Impairment of long-lived assets | 1,551 | — |
| Deferred income tax expense | 5,660 | 9,557 |
| Change in operating assets and liabilities | ||
| Accounts receivable | (369) | (1,140) |
| Federal and state income taxes receivable | (3,485) | (1,349) |
| Inventory | (22,202) | (12,709) |
| Other current assets | 179 | 6,388 |
| Other non-current assets | 30,419 | 30,837 |
| Accounts payable | 64,830 | 25,606 |
| Accrued expenses | (11,460) | 12,984 |
| Other long-term liabilities | (29,313) | (28,953) |
| Cash provided by operating activities | 102,988 | 130,463 |
| Investing activities | ||
| Capital expenditures | (20,674) | (18,892) |
| Deferred proceeds received from divestiture | 8,521 | 15,839 |
| Proceeds from the disposal of assets | 12,265 | 2,793 |
| Other | — | (25) |
| Cash provided by (used for) investing activities | 112 | (285) |
| Financing activities | ||
| Proceeds from borrowings | 148,224 | 99,103 |
| Principal payments on long-term debt, finance leases and financing obligations | (220,812) | (139,496) |
| Dividends paid | (25,822) | (26,796) |
| Deferred financing costs | (670) | — |
| Excise tax on repurchase of stock paid | (420) | — |
| Repurchase of stock | — | (44,044) |
| Exercise of stock options | — | 17 |
| Cash used for financing activities | (99,500) | (111,216) |
| Increase in cash and equivalents | 3,600 | 18,962 |
| Cash and equivalents at beginning of period | 6,561 | 4,884 |
| Cash and equivalents at end of period | $10,161 | $23,846 |
| Supplemental information | ||
| Leased assets obtained (reduced) in exchange for new (reduced) finance lease liabilities | $15,314 | $(4,539) |
| Leased assets obtained in exchange for new operating lease liabilities | $16,326 | $21,577 |
| Monro, Inc. Q3 2025 Form 10-Q | 6 |
INDEX TO NOTES
| Notes to Consolidated Financial Statements (unaudited) | |
|---|---|
| Note 1 Description of Business and Basis of Presentation | 8 |
| Note 2 Divestiture | 9 |
| Note 3 Earnings per Common Share | 10 |
| Note 4 Income Taxes | 10 |
| Note 5 Fair Value | 10 |
| Note 6 Cash Dividend | 10 |
| Note 7 Revenues | 11 |
| Note 8 Long-term Debt | 11 |
| Note 9 Commitments and Contingencies | 12 |
| Note 10 Supplier Finance Program | 13 |
| Note 11 Equity Capital Structure Reclassification | 13 |
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