Bowlero Corp
For the period ended Sep 29, 2024. Filed Nov 4, 2024.
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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.
Sep 29, 2024 · Filed Nov 4, 2024
LUCK$3.40-9.6%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 (unaudited)
Condensed Consolidated Statements of Cash Flows
| Three Months Ended | ||
|---|---|---|
| September 29,2024 | October 1,2023 | |
| Operating activities | ||
| Net income | $23,095 | $18,219 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 36,983 | 31,352 |
| Loss (gain) on impairment and disposal of fixed assets, net | 1,472 | (1) |
| Income from equity method investment | (60) | (71) |
| Amortization of deferred financing costs | 938 | 846 |
| Non-cash interest expense on finance lease obligation | 3,333 | 935 |
| Reduction of operating lease right of use assets | 8,513 | 7,822 |
| Non-cash portion of gain on lease modification | — | (499) |
| Deferred income taxes | (10,474) | (9,697) |
| Share-based compensation | 4,503 | 1,911 |
| Distributions from equity method investments | 62 | 72 |
| Change in fair value of earnout liability | (48,921) | (40,682) |
| Changes in assets and liabilities, net of business acquisitions: | ||
| Accounts receivable and notes receivable, net | 1,099 | (995) |
| Inventories | (483) | (1,178) |
| Prepaids, other current assets and other assets | (9,329) | (1,913) |
| Accounts payable and accrued expenses | 13,418 | 16,613 |
| Operating lease liabilities | 6,017 | (7,093) |
| Other current liabilities | (182) | (163) |
| Other long-term liabilities | (571) | 605 |
| Net cash provided by operating activities | 29,413 | 16,083 |
| Investing activities | ||
| Purchases of property and equipment | (41,579) | (50,674) |
| Purchases of intangible assets | — | (112) |
| Proceeds from sale of property and equipment | 1,655 | — |
| Proceeds from sale of intangibles | — | 65 |
| Acquisitions, net of cash acquired | — | (125,855) |
| Net cash used in investing activities | (39,924) | (176,576) |
| Three Months Ended | ||
|---|---|---|
| September 29,2024 | October 1,2023 | |
| Financing activities | ||
| Repurchase of Class A common stock into Treasury stock | $(7,646) | $(130,140) |
| Payments for tax withholdings on share-based compensation | (164) | (84) |
| Payment of cash dividends | (8,552) | — |
| Payment of long-term debt | (249) | (3,109) |
| Payment on finance leases | (1,381) | (1,576) |
| Proceeds on finance leases | 334 | — |
| Proceeds from Revolver draws | — | 140,000 |
| Payment of deferred financing costs | (148) | — |
| Net cash (used in) provided by financing activities | (17,806) | 5,091 |
| Effect of exchange rates on cash | (207) | (143) |
| Net decrease in cash and cash equivalents | (28,524) | (155,545) |
| Cash and cash equivalents at beginning of period | 66,972 | 195,633 |
| Cash and cash equivalents at end of period | $38,448 | $40,088 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.