Hamilton Beach Brands Holding Co
For the period ended Dec 31, 2023. Filed Mar 6, 2024.
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FY2023 · Filed Mar 6, 2024
HBB$30.49-2.7%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 | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| (In thousands) | |||
| Operating activities | |||
| Net income (loss) | $25,242 | $25,267 | $21,306 |
| Adjustments to reconcile net income (loss) to net cash provided by (used for) operating activities: | |||
| Depreciation and amortization | 4,362 | 4,883 | 4,913 |
| Deferred income taxes | (906) | 372 | 2,110 |
| Stock compensation expense | 5,394 | 3,424 | 3,237 |
| Brazil foreign currency loss | — | 2,085 | — |
| Other | (358) | (129) | 1,025 |
| Net changes in operating assets and liabilities: | |||
| Affiliate payable | — | — | (505) |
| Trade receivables | (18,768) | 4,532 | 27,631 |
| Inventory | 30,761 | 26,399 | (9,077) |
| Other assets | 10,856 | 6,274 | (4,729) |
| Accounts payable | 37,493 | (69,911) | (20,037) |
| Other liabilities | (5,440) | (6,614) | (8,017) |
| Net cash provided by (used for) operating activities | 88,636 | (3,418) | 17,857 |
| Investing activities | |||
| Expenditures for property, plant and equipment | (3,419) | (2,279) | (11,844) |
| Issuance of secured loan | (1,605) | — | — |
| Other | (150) | — | — |
| Net cash provided by (used for) investing activities | (5,174) | (2,279) | (11,844) |
| Financing activities | |||
| Net additions (reductions) to revolving credit agreements | (60,916) | 14,383 | (1,550) |
| Purchase of treasury stock | (3,074) | (2,979) | — |
| Cash dividends paid | (6,082) | (5,782) | (5,468) |
| Financing fees paid | — | (47) | (114) |
| Other financing | — | — | (134) |
| Net cash provided by (used for) financing activities | (70,072) | 5,575 | (7,266) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | 1,084 | (123) | (33) |
| Cash, cash equivalents and restricted cash | |||
| Increase (decrease) for the year | 14,474 | (245) | (1,286) |
| Balance at the beginning of the year | 1,905 | 2,150 | 3,436 |
| Balance at the end of the year | $16,379 | $1,905 | $2,150 |
| Reconciliation of cash, cash equivalents and restricted cash | |||
| Cash and cash equivalents | $15,370 | $928 | $1,125 |
| Restricted cash included in prepaid expenses and other current assets | 72 | 62 | 48 |
| Restricted cash included in other non-current assets | 937 | 915 | 977 |
| Total cash, cash equivalents and restricted cash | $16,379 | $1,905 | $2,150 |
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