MONRO INC
For the period ended Mar 29, 2025. Filed May 28, 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.
FY2025 · Filed May 28, 2025
MNRO$10.80-3.1%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
| (thousands) | 2025 | 2024 | 2023 |
|---|---|---|---|
| Operating activities | |||
| Net (loss) income | $(5,182) | $37,571 | $39,048 |
| Adjustments to reconcile net (loss) income to cash provided by operating activities: | |||
| Depreciation and amortization | 69,372 | 72,204 | 77,037 |
| Share-based compensation expense | 4,713 | 4,308 | 5,651 |
| Gain on disposal of assets | (4,810) | (1,187) | (4,668) |
| Gain on divestiture | — | — | (2,394) |
| Impairment of long-lived assets | 24,355 | 1,915 | 982 |
| Deferred income tax expense | 138 | 9,031 | 4,242 |
| Change in operating assets and liabilities (excluding acquisitions and divestitures) | |||
| Accounts receivable | (14) | 1,556 | (2,483) |
| Inventory | (27,023) | (6,354) | (18,205) |
| Other current assets | 9,649 | (7,356) | (8,962) |
| Other non-current assets | 39,845 | 46,028 | 36,841 |
| Accounts payable | 70,702 | (9,784) | 129,735 |
| Accrued expenses | (5,417) | 14,929 | (2,651) |
| Federal and state income taxes payable | (4,587) | 339 | (2,380) |
| Other long-term liabilities | (39,829) | (38,004) | (36,777) |
| Cash provided by operating activities | 131,912 | 125,196 | 215,016 |
| Investing activities | |||
| Capital expenditures | (26,362) | (25,480) | (38,990) |
| Acquisitions, net of cash acquired | — | — | (6,685) |
| Proceeds from divestiture | — | — | 56,586 |
| Deferred proceeds received from divestiture | 11,995 | 20,596 | 8,671 |
| Proceeds from the disposal of assets | 13,136 | 2,953 | 7,220 |
| Other | — | (25) | (256) |
| Cash (used for) provided by investing activities | (1,231) | (1,956) | 26,546 |
| Financing activities | |||
| Principal payments on long-term debt, net borrowings | (40,750) | (3,000) | (71,466) |
| Principal payments on finance leases and financing obligations | (39,758) | (39,031) | (39,543) |
| Repurchase of stock | — | (44,044) | (96,919) |
| Excise tax on repurchase of stock paid | (420) | — | — |
| Exercise of stock options | — | 17 | 733 |
| Dividends paid | (34,882) | (35,505) | (36,404) |
| Deferred financing costs | (670) | — | (1,027) |
| Cash used for financing activities | (116,480) | (121,563) | (244,626) |
| Increase (decrease) in cash and equivalents | 14,201 | 1,677 | (3,064) |
| Cash and equivalents at beginning of period | 6,561 | 4,884 | 7,948 |
| Cash and equivalents at end of period | $20,762 | $6,561 | $4,884 |
| Supplemental information | |||
| Interest paid, net | $18,368 | $19,882 | $22,857 |
| Income taxes paid, net | 4,023 | 5,283 | 16,936 |
| Leased assets obtained (reduced) in exchange for new (reduced) finance lease liabilities | 16,458 | (5,258) | (11,156) |
| Leased assets obtained in exchange for new operating lease liabilities | 26,113 | 28,652 | 30,142 |
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