Hamilton Beach Brands Holding Co
For the period ended Dec 31, 2024. Filed Feb 26, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 26, 2025
HBB$30.49-2.7%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
Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Year Ended December 31 | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| (In thousands) | |||
| Operating activities | |||
| Net income | $30,759 | $25,242 | $25,267 |
| Adjustments to reconcile net income to net cash provided by (used for) operating activities: | |||
| Depreciation and amortization | 4,801 | 4,362 | 4,883 |
| Deferred income taxes | (7,269) | (906) | 372 |
| Stock compensation expense | 6,270 | 5,394 | 3,424 |
| Brazil foreign currency loss | — | — | 2,085 |
| Pension termination expense | 7,611 | — | — |
| Other | 6,354 | (358) | (129) |
| Net changes in operating assets and liabilities: | |||
| Trade receivables | 13,840 | (18,768) | 4,532 |
| Inventory | (4,103) | 30,761 | 26,399 |
| Other assets | 713 | 10,856 | 6,274 |
| Accounts payable | 4,747 | 37,493 | (69,911) |
| Other liabilities | 1,692 | (5,440) | (6,614) |
| Net cash provided by (used for) operating activities | 65,415 | 88,636 | (3,418) |
| Investing activities | |||
| Expenditures for property, plant and equipment | (3,193) | (3,419) | (2,279) |
| Acquisition of business, net of cash acquired | (7,412) | — | — |
| Issuance of secured loan | (600) | (1,605) | — |
| Repayment of secured loan | 2,205 | — | — |
| Purchase of U.S. Treasury bill | (4,884) | — | — |
| Other | — | (150) | — |
| Net cash provided by (used for) investing activities | (13,884) | (5,174) | (2,279) |
| Financing activities | |||
| Net additions (reductions) to revolving credit agreements | — | (60,916) | 14,383 |
| Purchase of treasury stock | (14,106) | (3,074) | (2,979) |
| Cash dividends paid | (6,294) | (6,082) | (5,782) |
| Financing fees paid | (548) | — | (47) |
| Net cash provided by (used for) financing activities | (20,948) | (70,072) | 5,575 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | (438) | 1,084 | (123) |
| Cash, cash equivalents and restricted cash | |||
| Increase (decrease) for the year | 30,145 | 14,474 | (245) |
| Balance at the beginning of the year | 16,379 | 1,905 | 2,150 |
| Balance at the end of the year | $46,524 | $16,379 | $1,905 |
| Reconciliation of cash, cash equivalents and restricted cash | |||
| Cash and cash equivalents | $45,644 | $15,370 | $928 |
| Restricted cash included in prepaid expenses and other current assets | 880 | 72 | 62 |
| Restricted cash included in other non-current assets | — | 937 | 915 |
| Total cash, cash equivalents and restricted cash | $46,524 | $16,379 | $1,905 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.