HAVERTY FURNITURE COMPANIES INC
For the period ended Dec 31, 2024. Filed Mar 6, 2025.
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FY2024 · Filed Mar 6, 2025
HVT$26.16-0.1%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
| Year Ended December 31, | |||
|---|---|---|---|
| (In thousands) | 2024 | 2023 | 2022 |
| Cash Flows from Operating Activities | |||
| Net income | 19,956 | 56,319 | 89,358 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 21,611 | 18,603 | 16,926 |
| Stock-based compensation | 6,742 | 8,010 | 7,195 |
| Deferred income taxes | (1,472) | (1,171) | 584 |
| Net (gain) loss on sale of land, property and equipment | (153) | 71 | 128 |
| Other | 1,123 | 1,160 | 960 |
| Changes in operating assets and liabilities: | |||
| Inventories | 10,537 | 24,377 | (6,303) |
| Customer deposits | 4,896 | (12,132) | (50,928) |
| Other assets and liabilities | 7,051 | 8,643 | (923) |
| Accounts payable and accrued liabilities | (11,382) | (6,677) | (5,982) |
| Net cash provided by operating activities | 58,909 | 97,203 | 51,015 |
| Cash Flows from Investing Activities | |||
| Capital expenditures | (32,092) | (53,115) | (28,411) |
| Proceeds from sale of property and equipment | 461 | 53 | 86 |
| Net cash used in investing activities | (31,631) | (53,062) | (28,325) |
| Cash Flows from Financing Activities | |||
| Dividends paid | (20,468) | (35,240) | (33,948) |
| Common stock repurchased | (4,991) | (6,895) | (29,998) |
| Taxes on vested restricted shares | (3,282) | (4,159) | (1,676) |
| Net cash used in financing activities | (28,741) | (46,294) | (65,622) |
| Change in cash, cash equivalents and restricted | |||
| cash equivalents | (1,463) | (2,153) | (42,932) |
| Cash, cash equivalents and restricted cash equivalents at | |||
| beginning of year | 127,777 | 129,930 | 172,862 |
| Cash and cash equivalents and restricted cash equivalents at | |||
| end of year | $126,314 | $127,777 | $129,930 |
| Supplemental Disclosures | |||
| Cash paid during the period for income taxes, net of refunds | $3,402 | $23,264 | $27,957 |
| Cash paid for interest | $163 | $162 | $127 |
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