Utz Brands Inc
For the period ended Sep 29, 2024. Filed Oct 31, 2024.
View on SEC.govAbout this filing
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 29, 2024 · Filed Oct 31, 2024
UTZ$14.25+0.1%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
CONSOLIDATED STATEMENTS OF CASH FLOWS
For the thirty-nine weeks ended September 29, 2024 and October 1, 2023
(In thousands)
| Thirty-nine weeks ended September 29, 2024 | Thirty-nine weeks ended October 1, 2023 | |
|---|---|---|
| Cash flows from operating activities | ||
| Net income (loss) | $28,616 | $(6,820) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
| Impairment and other charges | — | 9,548 |
| Depreciation and amortization | 53,390 | 60,114 |
| Gain on sale of business | (44,015) | — |
| Loss (gain) on remeasurement of warrant liability | 5,328 | (16,560) |
| (Gain) loss on sale of assets | (402) | 9,275 |
| Loss on debt extinguishment | 1,273 | — |
| Share-based compensation | 13,776 | 11,808 |
| Deferred taxes | 4,061 | (10,743) |
| Deferred financing costs | 2,803 | 1,084 |
| Changes in assets and liabilities: | ||
| Accounts receivable, net | (6,264) | 4,947 |
| Inventories | (4,838) | 644 |
| Prepaid expenses and other assets | (23,714) | (20,183) |
| Accounts payable and accrued expenses and other | 21,939 | 6,016 |
| Net cash provided by operating activities | 51,953 | 49,130 |
| Cash flows from investing activities | ||
| Purchases of property and equipment | (60,872) | (45,707) |
| Purchases of intangibles | (9,220) | — |
| Proceeds from sale of property and equipment | 26,140 | 8,794 |
| Proceeds from sale of business | 167,500 | — |
| Proceeds from sale of routes | 19,552 | 21,683 |
| Proceeds from the sale of IO notes | 3,553 | 4,094 |
| Notes receivable | (30,568) | (26,369) |
| Net cash provided by (used in) investing activities | 116,085 | (37,505) |
| Cash flows from financing activities | ||
| Borrowings on line of credit | 92,000 | 61,000 |
| Repayments on line of credit | (69,630) | (40,676) |
| Borrowings on term debt and notes payable | 25,262 | 4,273 |
| Repayments on term debt and notes payable | (169,864) | (23,744) |
| Payment of debt issuance cost | (733) | (655) |
| Payments of tax withholding requirements for employee stock awards | (1,397) | (589) |
| Dividends paid | (15,946) | (13,921) |
| Distribution to noncontrolling interest | (14,862) | (10,149) |
| Net cash used in financing activities | (155,170) | (24,461) |
| Net increase (decrease) in cash and cash equivalents | 12,868 | (12,836) |
| Cash and cash equivalents at beginning of period | 52,023 | 72,930 |
| Cash and cash equivalents at end of period | $64,891 | $60,094 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.