YETI Holdings Inc
For the period ended Jun 29, 2024. Filed Aug 8, 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.
Jun 29, 2024 · Filed Aug 8, 2024
YETI$44.77-2.3%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows
(In thousands)
| Six Months Ended | ||
|---|---|---|
| June 29,2024 | July 1,2023 | |
| Cash Flows from Operating Activities: | ||
| Net income | $66,251 | $48,635 |
| Adjustments to reconcile net income to cash provided by (used in) operating activities: | ||
| Depreciation and amortization | 23,559 | 23,197 |
| Amortization of deferred financing fees | 326 | 276 |
| Stock-based compensation | 17,325 | 14,113 |
| Deferred income taxes | (1,966) | 15,309 |
| Impairment of long-lived assets | 2,025 | — |
| Loss on modification and extinguishment of debt | — | 330 |
| Product recalls | — | 8,538 |
| Other | 2,343 | (2,792) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (60,085) | (51,941) |
| Inventory | (25,380) | 48,830 |
| Other current assets | (9,946) | (11,468) |
| Accounts payable and accrued expenses | (50,065) | (54,109) |
| Taxes payable | (13,503) | (9,112) |
| Other | 1,402 | (1,025) |
| Net cash (used in) provided by operating activities | (47,714) | 28,781 |
| Cash Flows from Investing Activities: | ||
| Purchases of property and equipment | (21,636) | (25,068) |
| Business acquisition, net of cash acquired | (36,164) | — |
| Additions of intangibles, net | (14,635) | (6,849) |
| Net cash used in investing activities | (72,435) | (31,917) |
| Cash Flows from Financing Activities: | ||
| Repayments of long-term debt | (2,109) | (5,625) |
| Payments of deferred financing fees | — | (2,824) |
| Taxes paid in connection with employee stock transactions | (1,202) | (1,825) |
| Proceeds from employee stock transactions | — | 1,573 |
| Finance lease principal payment | (2,491) | (1,236) |
| Repurchase of common stock | (100,000) | — |
| Net cash used in financing activities | (105,802) | (9,937) |
| Effect of exchange rate changes on cash | (72) | 1,468 |
| Net decrease in cash | (226,023) | (11,605) |
| Cash, beginning of period | 438,960 | 234,741 |
| Cash, end of period | $212,937 | $223,136 |
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