National Vision Holdings, Inc.
For the period ended Jun 28, 2025. Filed Aug 7, 2025.
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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.
Jun 28, 2025 · Filed Aug 7, 2025
EYE$19.01+0.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
Condensed Consolidated Statements of Cash Flows (Unaudited)
| Six Months Ended | ||
|---|---|---|
| In thousands | June 28, 2025 | June 29, 2024 |
| Cash flows from operating activities: | ||
| Net income | $22,911 | $8,560 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 45,499 | 47,244 |
| Amortization of debt discount and deferred financing costs | 674 | 1,261 |
| Amortization of cloud computing implementation costs | 4,636 | 2,330 |
| Asset impairment | 502 | 3,975 |
| Deferred income tax expense (benefit) | (9,800) | (5,425) |
| Stock-based compensation expense | 12,335 | 7,246 |
| (Gains) on change in fair value of derivatives | — | (66) |
| Inventory adjustments | 1,801 | 2,951 |
| Other | (149) | 1,218 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 3,629 | 24,351 |
| Inventories | 2,469 | 26,000 |
| Operating lease right of use assets and lease liabilities | (1,117) | (1,722) |
| Other assets | (26,815) | 1,248 |
| Accounts payable | 11,456 | (17,587) |
| Deferred and unearned revenue | 3,609 | (6,721) |
| Other liabilities | 14,860 | (19,415) |
| Net cash provided by operating activities | 86,500 | 75,448 |
| Cash flows from investing activities: | ||
| Purchase of property and equipment | (32,075) | (39,620) |
| Other | (849) | 1,577 |
| Net cash used for investing activities | (32,924) | (38,043) |
| Cash flows from financing activities: | ||
| Repayments on long-term debt | (91,399) | (3,750) |
| Borrowings on long-term debt | 15,000 | — |
| Proceeds from issuance of common stock | 736 | 670 |
| Purchase of treasury stock | (1,679) | (2,775) |
| Payments on finance lease obligations | (1,483) | (1,585) |
| Net cash used for financing activities | (78,825) | (7,440) |
| Net change in cash, cash equivalents and restricted cash | (25,249) | 29,965 |
| Cash, cash equivalents and restricted cash, beginning of year | 75,237 | 151,027 |
| Cash, cash equivalents and restricted cash, end of period (See Note 4) | $49,988 | $180,992 |
| Supplemental cash flow disclosure information: | ||
| Cash paid for interest | $10,151 | $4,196 |
| Cash paid for taxes | $16,964 | $5,084 |
| Capital expenditures accrued at the end of the period | $11,952 | $12,124 |
| Operating cash outflows - operating leases | $59,013 | $55,615 |
| Right of use assets acquired under operating leases | $27,036 | $53,664 |
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