Blue Bird Corp
For the period ended Dec 28, 2024. Filed Feb 5, 2025.
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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 Feb 5, 2025
BLBD$57.34-4.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| Three Months Ended | ||
|---|---|---|
| (in thousands of dollars) | December 28, 2024 | December 30, 2023 |
| Cash flows from operating activities | ||
| Net income | $28,722 | $26,150 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization expense | 3,856 | 3,618 |
| Non-cash interest expense | 84 | 132 |
| Share-based compensation expense | 2,506 | 2,051 |
| Equity in net income of non-consolidated affiliates | (1,804) | (1,962) |
| Dividend from equity investment in affiliates | — | 2,991 |
| Loss on disposal of fixed assets | 20 | 4 |
| Deferred income tax expense | (2,145) | 1,143 |
| Amortization of deferred actuarial pension losses | 70 | 172 |
| Loss on debt refinancing | — | 1,558 |
| Changes in assets and liabilities: | ||
| Accounts receivable | 45,103 | 1,467 |
| Inventories | (35,322) | (7,171) |
| Other assets | (9,241) | (3,095) |
| Accounts payable | (5,473) | (23,103) |
| Accrued expenses, pension and other liabilities | 34 | (3,738) |
| Total adjustments | $(2,312) | $(25,933) |
| Total cash provided by operating activities | $26,410 | $217 |
| Cash flows from investing activities | ||
| Cash paid for fixed assets | $(4,594) | $(2,904) |
| Equity investment in affiliates (Note 12) | (500) | — |
| Total cash used in investing activities | $(5,094) | $(2,904) |
| Cash flows from financing activities | ||
| Revolving credit facility borrowings | $— | $36,220 |
| Term loan borrowings | — | 100,000 |
| Term loan repayments | (1,250) | (131,800) |
| Principal payments on finance leases | (538) | (145) |
| Cash paid for debt costs | — | (3,128) |
| Repurchase of common stock in connection with repurchase program (Note 13) | (10,036) | — |
| Repurchase of common stock in connection with stock award exercises | (1,445) | (301) |
| Cash received from stock option exercises | 385 | 149 |
| Total cash (used in) provided by financing activities | $(12,884) | $995 |
| Change in cash and cash equivalents | 8,432 | (1,692) |
| Cash and cash equivalents at beginning of period | 127,687 | 78,988 |
| Cash and cash equivalents at end of period | $136,119 | $77,296 |
| Three Months Ended | ||
|---|---|---|
| (in thousands of dollars) | December 28, 2024 | December 30, 2023 |
| Supplemental disclosures of cash flow information | ||
| Cash paid or received during the period: | ||
| Interest paid | $2,368 | $2,895 |
| Interest received | (1,436) | (1,088) |
| Income tax paid, net of tax refunds | 80 | 2 |
| Non-cash investing and financing activities: | ||
| Changes in accounts payable for capital additions to property, plant and equipment | $1,940 | $953 |
| Warrants issued for equity investment in affiliate | — | 7,416 |
| Right-of-use assets obtained in exchange for operating lease obligations | — | 1,241 |
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