YETI Holdings Inc
For the period ended Sep 28, 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 28, 2024 · Filed Nov 7, 2024
YETI$44.77-2.3%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
(In thousands)
| Nine Months Ended | ||
|---|---|---|
| September 28,2024 | September 30,2023 | |
| Cash Flows from Operating Activities: | ||
| Net income | $122,535 | $91,292 |
| Adjustments to reconcile net income to cash provided by (used in) operating activities: | ||
| Depreciation and amortization | 35,648 | 34,391 |
| Amortization of deferred financing fees | 488 | 441 |
| Stock-based compensation | 26,020 | 21,918 |
| Deferred income taxes | (2,928) | 20,699 |
| Impairment of long-lived assets | 2,025 | 1,963 |
| Loss on modification and extinguishment of debt | — | 330 |
| Product recalls | — | 8,538 |
| Other | (1,492) | 239 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (43,858) | (48,836) |
| Inventory | (15,104) | 28,180 |
| Other current assets | (4,022) | (6,505) |
| Accounts payable and accrued expenses | (65,515) | (36,288) |
| Taxes payable | (21,057) | (3,323) |
| Other | 3,066 | 1,730 |
| Net cash provided by operating activities | 35,806 | 114,769 |
| Cash Flows from Investing Activities: | ||
| Purchases of property and equipment | (31,341) | (38,983) |
| Business acquisition, net of cash acquired | (36,164) | — |
| Additions of intangibles, net | (19,542) | (19,280) |
| Net cash used in investing activities | (87,047) | (58,263) |
| Cash Flows from Financing Activities: | ||
| Repayments of long-term debt | (3,164) | (6,680) |
| Payments of deferred financing fees | — | (2,824) |
| Taxes paid in connection with employee stock transactions | (1,436) | (2,421) |
| Proceeds from employee stock transactions | 289 | 1,573 |
| Finance lease principal payment | (3,206) | (1,579) |
| Repurchase of common stock | (100,000) | — |
| Net cash used in financing activities | (107,517) | (11,931) |
| Effect of exchange rate changes on cash | 262 | 2,044 |
| Net (decrease) increase in cash | (158,496) | 46,619 |
| Cash, beginning of period | 438,960 | 234,741 |
| Cash, end of period | $280,464 | $281,360 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.