Hamilton Beach Brands Holding Co
For the period ended Dec 31, 2025. Filed Feb 25, 2026.
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FY2025 · Filed Feb 25, 2026
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
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Year Ended December 31 | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| (In thousands) | |||
| Operating activities | |||
| Net income | $26,455 | $30,759 | $25,242 |
| Adjustments to reconcile net income to net cash provided by (used for) operating activities: | |||
| Depreciation and amortization | 5,887 | 4,801 | 4,362 |
| Deferred income taxes | 3,753 | (7,269) | (906) |
| Stock compensation expense | 4,131 | 6,270 | 5,394 |
| Pension termination expense | — | 7,611 | — |
| Other | 99 | 6,354 | (358) |
| Net changes in operating assets and liabilities: | |||
| Trade receivables | 9,303 | 13,840 | (18,768) |
| Inventory | (6,666) | (4,103) | 30,761 |
| Other assets | 9,598 | 713 | 10,856 |
| Accounts payable | (18,110) | 4,747 | 37,493 |
| Other liabilities | (20,637) | 1,692 | (5,440) |
| Net cash provided by (used for) operating activities | 13,813 | 65,415 | 88,636 |
| Investing activities | |||
| Expenditures for property, plant and equipment | (2,777) | (3,193) | (3,419) |
| 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) | — |
| Proceeds from maturity of U.S. Treasury bill | 5,000 | — | — |
| Other | (291) | — | (150) |
| Net cash provided by (used for) investing activities | 1,932 | (13,884) | (5,174) |
| Financing activities | |||
| Net additions (reductions) to revolving credit agreements | — | — | (60,916) |
| Purchase of treasury stock | (8,987) | (14,106) | (3,074) |
| Cash dividends paid | (6,430) | (6,294) | (6,082) |
| Financing fees paid | — | (548) | — |
| Net cash provided by (used for) financing activities | (15,417) | (20,948) | (70,072) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | 461 | (438) | 1,084 |
| Cash, cash equivalents and restricted cash | |||
| Increase (decrease) for the year | 789 | 30,145 | 14,474 |
| Balance at the beginning of the year | 46,524 | 16,379 | 1,905 |
| Balance at the end of the year | $47,313 | $46,524 | $16,379 |
| Reconciliation of cash, cash equivalents and restricted cash | |||
| Cash and cash equivalents | $47,313 | $45,644 | $15,370 |
| Restricted cash included in prepaid expenses and other current assets | — | 880 | 72 |
| Restricted cash included in other non-current assets | — | — | 937 |
| Total cash, cash equivalents and restricted cash | $47,313 | $46,524 | $16,379 |
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