Stitch Fix Inc
For the period ended Aug 3, 2024. Filed Sep 25, 2024.
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FY2024 · Filed Sep 25, 2024
SFIX$2.86-2.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Cash Flow
(In thousands)
| For the Fiscal Year Ended | |||
|---|---|---|---|
| August 3, 2024 | July 29, 2023 | July 30, 2022 | |
| Cash Flows from Operating Activities from Continuing Operations | |||
| Net loss from continuing operations | $(118,885) | $(150,336) | $(181,605) |
| Adjustments to reconcile net loss from continuing operations to net cash provided by operating activities from continuing operations: | |||
| Change in inventory reserves | (15,094) | (17,919) | 14,666 |
| Stock-based compensation expense | 76,756 | 102,072 | 126,056 |
| Depreciation, amortization, and accretion | 44,489 | 42,122 | 35,707 |
| Asset impairment | 19,283 | 16,874 | 6,154 |
| Other | (869) | 1,884 | 300 |
| Change in operating assets and liabilities: | |||
| Inventory | 47,739 | 76,047 | 1,495 |
| Prepaid expenses and other assets | 3,096 | 11,257 | 9,347 |
| Income tax receivables | 431 | 52,978 | 1,070 |
| Operating lease right-of-use assets and liabilities | (11,935) | (2,996) | 4,770 |
| Accounts payable | (9,746) | (40,366) | 67,403 |
| Accrued liabilities | 5,304 | (19,698) | (4,873) |
| Deferred revenue | (2,150) | (2,824) | (3,716) |
| Gift card liability | (3,579) | (205) | 634 |
| Other liabilities | (6,633) | 4,340 | (2,191) |
| Net cash provided by operating activities from continuing operations | 28,207 | 73,230 | 75,217 |
| Cash Flows from Investing Activities from Continuing Operations | |||
| Proceeds from sale of property and equipment | 350 | 842 | — |
| Purchases of property and equipment | (13,965) | (18,863) | (44,957) |
| Purchases of securities available-for-sale | (97,322) | (258) | (94,420) |
| Sales of securities available-for-sale | — | 6,524 | 45,351 |
| Maturities of securities available-for-sale | 32,195 | 76,231 | 105,653 |
| Net cash provided by (used in) investing activities from continuing operations | (78,742) | 64,476 | 11,627 |
| Cash Flows from Financing Activities from Continuing Operations | |||
| Proceeds from the exercise of stock options, net | 1,028 | 161 | 1,534 |
| Payments for tax withholdings related to vesting of restricted stock units | (16,090) | (15,129) | (31,072) |
| Repurchase of common stock | — | — | (30,042) |
| Other | (431) | (117) | — |
| Net cash used in financing activities from continuing operations | (15,493) | (15,085) | (59,580) |
| Net increase (decrease) in cash and cash equivalents from continuing operations | (66,028) | 122,621 | 27,264 |
| Cash Flows from Discontinued Operations | |||
| Net cash used in operating activities from discontinued operations | (9,687) | (15,400) | (19,822) |
| Net cash used in investing activities from discontinued operations | — | (150) | (1,394) |
| Net cash used in financing activities from discontinued operations | (172) | (454) | (670) |
| Net decrease in cash and cash equivalents from discontinued operations | (9,859) | (16,004) | (21,886) |
| Effect of exchange rate changes on cash and cash equivalents | (688) | 1,885 | (4,228) |
| Net increase (decrease) in cash and cash equivalents | (76,575) | 108,502 | 1,150 |
| Cash and cash equivalents at beginning of period | 239,437 | 130,935 | 129,785 |
| Cash and cash equivalents at end of period | $162,862 | $239,437 | $130,935 |
| Supplemental Disclosure | |||
| Cash paid for income taxes | $1,457 | $1,111 | $868 |
| Supplemental Disclosure of Non-Cash Investing and Financing Activities | |||
| Purchases of property and equipment included in accounts payable and accrued liabilities | $1,258 | $1,226 | $2,443 |
| Capitalized stock-based compensation | $4,979 | $6,421 | $7,626 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.