HAVERTY FURNITURE COMPANIES INC
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
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FY2025 · Filed Feb 26, 2026
HVT$26.16-0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
| Year Ended December 31, | |||
|---|---|---|---|
| (In thousands) | 2025 | 2024 | 2023 |
| Cash Flows from Operating Activities | |||
| Net income | 19,730 | 19,956 | 56,319 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 23,822 | 21,611 | 18,603 |
| Net loss on asset impairment | 469 | — | — |
| Stock-based compensation | 7,311 | 6,742 | 8,010 |
| Deferred income taxes | (2,145) | (1,472) | (1,171) |
| Net (gain) loss on sale of land, property and equipment | (15) | (153) | 71 |
| Other | 1,094 | 1,123 | 1,160 |
| Changes in operating assets and liabilities: | |||
| Inventories | (12,736) | 10,537 | 24,377 |
| Customer deposits | (5,229) | 4,896 | (12,132) |
| Other assets and liabilities | 12,254 | 7,051 | 8,643 |
| Accounts payable and accrued liabilities | 8,089 | (11,382) | (6,677) |
| Net cash provided by operating activities | 52,644 | 58,909 | 97,203 |
| Cash Flows from Investing Activities | |||
| Capital expenditures | (19,672) | (32,092) | (53,115) |
| Proceeds from sale of property and equipment | 111 | 461 | 53 |
| Net cash used in investing activities | (19,561) | (31,631) | (53,062) |
| Cash Flows from Financing Activities | |||
| Dividends paid | (20,837) | (20,468) | (35,240) |
| Common stock repurchased | (4,778) | (4,991) | (6,895) |
| Taxes on vested restricted shares | (1,910) | (3,282) | (4,159) |
| Net cash used in financing activities | (27,525) | (28,741) | (46,294) |
| Change in cash, cash equivalents and restricted | |||
| cash equivalents | 5,558 | (1,463) | (2,153) |
| Cash, cash equivalents and restricted cash equivalents at | |||
| beginning of year | 126,314 | 127,777 | 129,930 |
| Cash and cash equivalents and restricted cash equivalents at | |||
| end of year | $131,872 | $126,314 | $127,777 |
| Supplemental Disclosures | |||
| Cash paid during the period for federal income taxes, net of refunds | $5,500 | $2,800 | $20,400 |
| Cash paid during the period for state income taxes, net of refunds | $1,452 | $602 | $2,686 |
| Cash paid for interest | $162 | $163 | $162 |
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