Torrid Holdings Inc
For the period ended Feb 3, 2024. Filed Apr 2, 2024.
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FY2024 · Filed Apr 2, 2024
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Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets as of and
CONSOLIDATED BALANCE SHEETS
(In thousands, except share and per share data)
| February 3, 2024 | January 28, 2023 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $11,735 | $13,569 |
| Restricted cash | 399 | 366 |
| Inventory | 142,199 | 180,055 |
| Prepaid expenses and other current assets | 22,229 | 20,050 |
| Prepaid income taxes | 2,561 | 2,081 |
| Total current assets | 179,123 | 216,121 |
| Property and equipment, net | 103,516 | 113,613 |
| Operating lease right-of-use assets | 162,444 | 177,179 |
| Deposits and other noncurrent assets | 14,783 | 8,650 |
| Deferred tax assets | 8,681 | 3,301 |
| Intangible asset | 8,400 | 8,400 |
| Total assets | $476,947 | $527,264 |
| Liabilities and stockholders' deficit | ||
| Current liabilities: | ||
| Accounts payable | $46,183 | $76,207 |
| Accrued and other current liabilities | 107,750 | 108,847 |
| Operating lease liabilities | 42,760 | 45,008 |
| Borrowings under credit facility | 7,270 | 8,380 |
| Current portion of term loan | 16,144 | 16,144 |
| Due to related parties | 9,329 | 12,741 |
| Income taxes payable | 2,671 | — |
| Total current liabilities | 232,107 | 267,327 |
| Noncurrent operating lease liabilities | 155,825 | 172,103 |
| Term loan | 288,553 | 304,697 |
| Deferred compensation | 5,474 | 4,246 |
| Other noncurrent liabilities | 6,705 | 9,115 |
| Total liabilities | 688,664 | 757,488 |
| Commitments and contingencies (Note 16) | ||
| Stockholders' deficit: | ||
| Common shares: $0.01 par value; 1,000,000,000 shares authorized; 104,204,554 shares issued and outstanding at February 3, 2024; 103,774,813 shares issued and outstanding at January 28, 2023 | 1,043 | 1,038 |
| Additional paid-in capital | 135,140 | 128,205 |
| Accumulated deficit | (347,587) | (359,206) |
| Accumulated other comprehensive loss | (313) | (261) |
| Total stockholders' deficit | (211,717) | (230,224) |
| Total liabilities and stockholders' deficit | $476,947 | $527,264 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.