YETI Holdings, Inc.
For the period ended Jan 3, 2026. Filed Feb 27, 2026.
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FY2026 · Filed Feb 27, 2026
YETI$44.77-2.3%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
| Fiscal Year Ended | |||
|---|---|---|---|
| January 3,2026 | December 28,2024 | December 30,2023 | |
| Cash Flows from Operating Activities: | |||
| Net income | $165,387 | $175,689 | $169,885 |
| Adjustments to reconcile net income to cash provided by operating activities: | |||
| Depreciation and amortization | 54,232 | 48,132 | 46,434 |
| Amortization of deferred financing fees | 653 | 649 | 604 |
| Stock-based compensation | 47,688 | 40,719 | 29,800 |
| Deferred income taxes | 28,081 | (11,167) | 25,561 |
| Impairment of long-lived assets | 3,795 | 5,490 | 2,927 |
| Loss on prepayment, modification, or extinguishment of debt | — | — | 330 |
| Product recalls | 2,900 | 9,939 | 1,895 |
| Other | (3,881) | 9,872 | (6,163) |
| Changes in operating assets and liabilities: | |||
| Accounts receivable, net | (18,161) | (23,655) | (15,683) |
| Inventory | 23,857 | 39,751 | 33,675 |
| Other current assets | 6,614 | 9,480 | (7,933) |
| Accounts payable and accrued expenses | (27,687) | (47,020) | (15,144) |
| Taxes payable | (23,941) | 669 | 18,156 |
| Other | (4,800) | 2,838 | 1,598 |
| Net cash provided by operating activities | 254,737 | 261,386 | 285,942 |
| Cash Flows from Investing Activities: | |||
| Purchases of property and equipment | (42,667) | (41,832) | (50,672) |
| Business acquisition, net of cash acquired | — | (36,164) | — |
| Additions of intangibles, net | (59,172) | (53,452) | (22,152) |
| Net cash used in investing activities | (101,839) | (131,448) | (72,824) |
| Cash Flows from Financing Activities: | |||
| Repayments of long‑term debt | (4,219) | (4,219) | (7,734) |
| Proceeds from employee stock transactions | — | 294 | 1,573 |
| Taxes paid in connection with employee stock transactions | (1,831) | (1,463) | (2,481) |
| Finance lease principal payment | (16,000) | (3,829) | (2,130) |
| Repurchase of common stock | (297,780) | (200,000) | — |
| Payments of deferred financing fees | — | — | (2,824) |
| Payment of excise taxes on share repurchases | (1,562) | — | — |
| Net cash used in financing activities | (321,392) | (209,217) | (13,596) |
| Effect of exchange rate changes on cash | (1,959) | (886) | 4,697 |
| Net (decrease) increase in cash | (170,453) | (80,165) | 204,219 |
| Cash, beginning of period | 358,795 | 438,960 | 234,741 |
| Cash, end of period | $188,342 | $358,795 | $438,960 |
| Supplemental cash flow information: | |||
| Interest paid | $4,748 | $5,806 | $6,688 |
| Income taxes paid, net of refunds | $48,048 | $65,204 | $14,131 |
| Supplemental non-cash investing activity: | |||
| Property and equipment additions included in accounts payable and accrued expenses | $10,060 | $2,794 | $2,647 |
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