Blue Bird Corp
For the period ended Sep 27, 2025. Filed Nov 24, 2025.
View on SEC.govAbout this filing
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 Nov 24, 2025
BLBD$57.34-4.9%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
Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Fiscal Years Ended | |||
|---|---|---|---|
| (in thousands) | 2025 | 2024 | 2023 |
| Cash flows from operating activities | |||
| Net income | $127,720 | $105,547 | $23,812 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization expense | 15,586 | 14,820 | 15,978 |
| Non-cash interest expense | 330 | 390 | 1,470 |
| Share-based compensation expense | 14,785 | 8,609 | 4,173 |
| Equity in net income of non-consolidated affiliate(s) | (9,476) | (11,839) | (6,960) |
| Dividend from equity investment in affiliate(s) (Note 17) | — | 5,338 | — |
| Impairment of equity investment in affiliate(s) (Note 17) | 7,394 | — | — |
| Loss on disposal of fixed assets | 325 | 200 | 64 |
| Deferred income tax expense (benefit) | 2,937 | (1,674) | 8,065 |
| Amortization of deferred actuarial pension losses | 279 | 687 | 1,195 |
| Loss on debt refinancing or modification | — | 1,558 | 537 |
| Changes in assets and liabilities: | |||
| Accounts receivable | 38,449 | (46,525) | (40) |
| Inventories | (11,672) | 7,488 | 7,691 |
| Other assets | (15,801) | 971 | 453 |
| Accounts payable | 8,015 | 6,665 | 28,712 |
| Accrued expenses, pension and other liabilities | (2,657) | 18,877 | 34,778 |
| Total adjustments | $48,494 | $5,565 | $96,116 |
| Total cash provided by operating activities | $176,214 | $111,112 | $119,928 |
| Cash flows from investing activities | |||
| Cash paid for fixed assets | $(22,872) | $(15,263) | $(8,520) |
| Equity investment in affiliate(s) (Note 17) | (1,000) | (552) | — |
| Total cash used in investing activities | $(23,872) | $(15,815) | $(8,520) |
| Cash flows from financing activities | |||
| Revolving credit facility borrowings (Note 8) | $— | $36,220 | $45,000 |
| Revolving credit facility repayments | — | (36,220) | (65,000) |
| Term loan borrowings - new credit agreement (Note 8) | — | 100,000 | — |
| Term loan repayments (Note 8) | (5,000) | (135,550) | (19,800) |
| Principal payments on finance leases | (981) | (589) | (570) |
| Cash paid for debt costs (Note 8) | — | (3,128) | (3,272) |
| Repurchase of common stock in connection with repurchase program(s) (Note 13) | (39,527) | (9,938) | — |
| Repurchase of common stock in connection with stock award exercises | (9,889) | (1,178) | (376) |
| Cash received from stock option exercises | 4,681 | 3,785 | 1,119 |
| Total cash used in financing activities | $(50,716) | $(46,598) | $(42,899) |
| Change in cash and cash equivalents | 101,626 | 48,699 | 68,509 |
| Cash and cash equivalents, beginning of year | 127,687 | 78,988 | 10,479 |
| Cash and cash equivalents, end of year | $229,313 | $127,687 | $78,988 |
| Fiscal Years Ended | |||
|---|---|---|---|
| (in thousands) | 2025 | 2024 | 2023 |
| Supplemental disclosures of cash flow information | |||
| Cash paid or received during the period: | |||
| Interest paid | $7,369 | $9,932 | $16,053 |
| Interest received | (5,866) | (3,783) | (1,004) |
| Income tax paid (received), net of tax refunds | 58,760 | 29,401 | (29) |
| Non-cash investing and financing activities: | |||
| Changes in accounts payable for capital additions to property, plant and equipment | $2,184 | $721 | $941 |
| Right-of-use assets obtained in exchange for operating lease obligations | 3,327 | 1,682 | 626 |
| Warrants issued for equity investment in affiliate (Note 17) | — | 7,416 | — |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.