Simply Good Foods Co
For the period ended Nov 25, 2023. Filed Jan 4, 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.
Nov 25, 2023 · Filed Jan 4, 2024
SMPL$12.42-1.4%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
Consolidated Statements of Cash Flows
(Unaudited, dollars in thousands)
| Thirteen Weeks Ended | ||
|---|---|---|
| November 25, 2023 | November 26, 2022 | |
| Operating activities | ||
| Net income | $35,561 | $35,860 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 5,605 | 4,952 |
| Amortization of deferred financing costs and debt discount | 385 | 532 |
| Stock compensation expense | 4,168 | 3,313 |
| Estimated credit losses | 51 | (141) |
| Unrealized gain on foreign currency transactions | (226) | (108) |
| Deferred income taxes | 4,084 | 3,206 |
| Amortization of operating lease right-of-use asset | 1,735 | 1,660 |
| Other | 301 | 571 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable, net | 9,869 | (26,288) |
| Inventories | (6,699) | 638 |
| Prepaid expenses | 257 | (541) |
| Other current assets | 5,173 | 8,631 |
| Accounts payable | (9,806) | (6,609) |
| Accrued interest | (366) | 97 |
| Accrued expenses and other current liabilities | (1,337) | (14,843) |
| Other assets and liabilities | (1,232) | (2,212) |
| Net cash provided by operating activities | 47,523 | 8,718 |
| Investing activities | ||
| Purchases of property and equipment | (744) | (1,151) |
| Investments in intangible and other assets | (56) | (87) |
| Net cash used in investing activities | (800) | (1,238) |
| Financing activities | ||
| Proceeds from option exercises | — | 4,563 |
| Tax payments related to issuance of restricted stock units and performance stock units | (3,642) | (2,298) |
| Payments on finance lease obligations | (61) | (78) |
| Cash received on repayment of note receivable | 600 | — |
| Repurchase of common stock | — | (16,448) |
| Principal payments of long-term debt | (10,000) | (6,500) |
| Net cash used in financing activities | (13,103) | (20,761) |
| Cash and cash equivalents | ||
| Net increase (decrease) in cash | 33,620 | (13,281) |
| Effect of exchange rate on cash | 56 | (69) |
| Cash at beginning of period | 87,715 | 67,494 |
| Cash and cash equivalents at end of period | $121,391 | $54,144 |
| Thirteen Weeks Ended | ||
|---|---|---|
| November 25, 2023 | November 26, 2022 | |
| Supplemental disclosures of cash flow information | ||
| Cash paid for interest | $2,135 | $6,426 |
| Cash paid for taxes | $628 | $8 |
| Non-cash investing and financing transactions | ||
| Non-cash credits for repayment of note receivable | $229 | $— |
| Non-cash additions to property and equipment | $99 | $— |
| Non-cash additions to intangible assets | $75 | $53 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.