Torrid Holdings Inc.
For the period ended Feb 1, 2025. Filed Apr 1, 2025.
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FY2025 · Filed Apr 1, 2025
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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 1, 2025 | February 3, 2024 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $48,523 | $11,735 |
| Restricted cash | 399 | 399 |
| Inventory | 148,493 | 142,199 |
| Prepaid expenses and other current assets | 24,507 | 22,229 |
| Prepaid income taxes | 4,244 | 2,561 |
| Total current assets | 226,166 | 179,123 |
| Property and equipment, net | 77,669 | 103,516 |
| Operating lease right-of-use assets | 140,651 | 162,444 |
| Deposits and other noncurrent assets | 18,935 | 14,783 |
| Deferred tax assets | 16,620 | 8,681 |
| Intangible asset | 8,400 | 8,400 |
| Total assets | $488,441 | $476,947 |
| Liabilities and stockholders' deficit | ||
| Current liabilities: | ||
| Accounts payable | $72,378 | $46,183 |
| Accrued and other current liabilities | 125,743 | 107,750 |
| Operating lease liabilities | 40,505 | 42,760 |
| Borrowings under credit facility | — | 7,270 |
| Current portion of term loan | 16,144 | 16,144 |
| Due to related parties | 8,362 | 9,329 |
| Income taxes payable | — | 2,671 |
| Total current liabilities | 263,132 | 232,107 |
| Noncurrent operating lease liabilities | 134,481 | 155,825 |
| Term loan | 272,409 | 288,553 |
| Deferred compensation | 3,913 | 5,474 |
| Other noncurrent liabilities | 5,595 | 6,705 |
| Total liabilities | 679,530 | 688,664 |
| Commitments and contingencies (Note 16) | ||
| Stockholders' deficit: | ||
| Preferred shares: $0.01 par value; 5,000,000 shares authorized; zero shares issued and outstanding at February 1, 2025 and February 3, 2024 | — | — |
| Common shares: $0.01 par value; 1,000,000,000 shares authorized; 104,859,266 shares issued and outstanding at February 1, 2025; 104,204,554 shares issued and outstanding at February 3, 2024 | 1,049 | 1,043 |
| Additional paid-in capital | 140,029 | 135,140 |
| Accumulated deficit | (331,269) | (347,587) |
| Accumulated other comprehensive loss | (898) | (313) |
| Total stockholders' deficit | (191,089) | (211,717) |
| Total liabilities and stockholders' deficit | $488,441 | $476,947 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.