HYDROFARM HOLDINGS GROUP INC
For the period ended Sep 30, 2024. Filed Nov 7, 2024.
View on SEC.govAbout this filing
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 30, 2024 · Filed Nov 7, 2024
HYFM$0.72-6.4%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
Condensed Consolidated Statements of Cash Flows
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
(In thousands)
| Nine months ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Operating activities | ||
| Net loss | $(49,204) | $(49,598) |
| Adjustments to reconcile net loss to net cash from operating activities: | ||
| Depreciation, depletion and amortization | 23,325 | 24,165 |
| Provision for inventory obsolescence | 1,013 | 1,132 |
| Restructuring expenses | 516 | 8,443 |
| Stock-based compensation expense | 2,293 | 4,021 |
| Non-cash operating lease expense | 6,311 | 7,718 |
| Non-cash loss from asset disposition | 11,103 | — |
| Other | 827 | 1,089 |
| Changes in assets and liabilities: | ||
| Accounts receivable | 819 | 183 |
| Inventories | 8,854 | 22,566 |
| Prepaid expenses and other current assets | 790 | 1,174 |
| Other assets | (113) | (164) |
| Accounts payable | (2,258) | (542) |
| Accrued expenses and other current liabilities | 147 | (4,419) |
| Deferred revenue | (411) | (87) |
| Lease liabilities | (7,081) | (6,972) |
| Other long-term liabilities | 89 | (80) |
| Net cash (used in) from operating activities | (2,980) | 8,629 |
| Investing activities | ||
| Capital expenditures of property, plant and equipment | (2,622) | (4,056) |
| Cash proceeds from Asset Sale for property, plant and equipment | 3,700 | — |
| Other | 383 | (2) |
| Net cash from (used in) investing activities | 1,461 | (4,058) |
| Financing activities | ||
| Proceeds from Sale-Leaseback Transaction | — | 8,598 |
| Borrowings under foreign revolving credit facilities | 334 | 753 |
| Repayments of foreign revolving credit facilities | (345) | (778) |
| Repayments of Term Loan | (2,890) | (938) |
| Payment of withholding tax related to stock awards | (127) | (234) |
| Finance lease principal payments | (1,259) | (757) |
| Net cash (used in) from financing activities | (4,287) | 6,644 |
| Effect of exchange rate changes on cash and cash equivalents | (102) | (49) |
| Net (decrease) increase in cash and cash equivalents | (5,908) | 11,166 |
| Cash and cash equivalents at beginning of period | 30,312 | 21,291 |
| Cash and cash equivalents at end of period | $24,404 | $32,457 |
| Non-cash investing and financing activities | ||
| Right-of-use assets relinquished under operating lease obligations, net | $(1,924) | $(768) |
| Assets acquired under finance lease obligations | — | 185 |
| Capital expenditures included in accounts payable and accrued liabilities | 55 | 31 |
| Supplemental information | ||
| Cash paid for interest | 12,038 | 10,519 |
| Cash paid (refunded) for income taxes | 130 | (1,039) |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.