Hamilton Beach Brands Holding Co
For the period ended Sep 30, 2024. Filed Oct 30, 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.
Sep 30, 2024 · Filed Oct 30, 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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Consolidated Statements of Cash Flows
| NINE MONTHS ENDEDSEPTEMBER 30 | ||
|---|---|---|
| 2024 | 2023 | |
| (In thousands) | ||
| Operating activities | ||
| Net income (loss) | $6,760 | $5,673 |
| Adjustments to reconcile net income (loss) to net cash provided by (used for) operating activities: | ||
| Depreciation and amortization | 3,744 | 3,078 |
| Stock compensation expense | 7,381 | 3,175 |
| Pension termination expense | 7,595 | — |
| Other | 3,206 | (172) |
| Net changes in operating assets and liabilities: | ||
| Trade receivables | 34,599 | 13,678 |
| Inventory | (43,687) | (3,379) |
| Other assets | (3,321) | 2,333 |
| Accounts payable | 29,425 | 54,013 |
| Other liabilities | (10,525) | (9,716) |
| Net cash provided by (used for) operating activities | 35,177 | 68,683 |
| Investing activities | ||
| Expenditures for property, plant and equipment | (2,347) | (2,286) |
| Acquisition of business, net of cash acquired | (7,412) | — |
| Issuance of secured loan | (600) | — |
| Repayment of secured loan | 2,205 | — |
| Purchase of U.S. Treasury bill | (4,884) | — |
| Other | — | (150) |
| Net cash provided by (used for) investing activities | (13,038) | (2,436) |
| Financing activities | ||
| Net additions (reductions) to revolving credit agreements | — | (59,650) |
| Purchase of treasury stock | (9,865) | (1,470) |
| Cash dividends paid | (4,728) | (4,549) |
| Net cash provided by (used for) financing activities | (14,593) | (65,669) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | (390) | 81 |
| Cash, cash equivalents and restricted cash | ||
| Increase (decrease) for the period | 7,156 | 659 |
| Balance at the beginning of the period | 16,379 | 1,905 |
| Balance at the end of the period | $23,535 | $2,564 |
| Reconciliation of cash, cash equivalents and restricted cash | ||
| Cash and cash equivalents | $22,602 | $1,624 |
| Restricted cash included in prepaid expenses and other current assets | 63 | 24 |
| Restricted cash included in other non-current assets | 870 | 916 |
| Total cash, cash equivalents and restricted cash | $23,535 | $2,564 |
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