Kontoor Brands Inc
For the period ended Mar 30, 2024. Filed May 2, 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.
Mar 30, 2024 · Filed May 2, 2024
KTB$81.98+6.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows: Three
Consolidated Statements of Cash Flows
| Three Months Ended March | ||
|---|---|---|
| (In thousands) | 2024 | 2023 |
| OPERATING ACTIVITIES | ||
| Net income | $59,507 | $66,296 |
| Adjustments to reconcile net income to cash provided (used) by operating activities: | ||
| Depreciation and amortization | 9,505 | 9,127 |
| Stock-based compensation | 5,768 | 1,002 |
| Provision for doubtful accounts | 1,008 | 1,877 |
| Other | 1,614 | 2,642 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (24,620) | 2,851 |
| Inventories | (1,441) | (59,903) |
| Accounts payable | 7,807 | (42,965) |
| Income taxes | 11,089 | 12,237 |
| Accrued and other current liabilities | (11,869) | (11,259) |
| Other assets and liabilities | (1,900) | 5,473 |
| Cash provided (used) by operating activities | 56,468 | (12,622) |
| INVESTING ACTIVITIES | ||
| Property, plant and equipment expenditures | (4,491) | (6,463) |
| Capitalized computer software | (1,154) | (5,483) |
| Other | (787) | 149 |
| Cash used by investing activities | (6,432) | (11,797) |
| FINANCING ACTIVITIES | ||
| Borrowings under revolving credit facility | — | 178,000 |
| Repayments under revolving credit facility | — | (128,000) |
| Repayments of term loan | (5,000) | (2,500) |
| Repurchases of Common Stock | (20,105) | — |
| Dividends paid | (27,844) | (26,808) |
| Shares withheld for taxes, net of proceeds from issuance of Common Stock | (1,665) | (3,619) |
| Other | — | (57) |
| Cash (used) provided by financing activities | (54,614) | 17,016 |
| Effect of foreign currency rate changes on cash and cash equivalents | 4,587 | 901 |
| Net change in cash and cash equivalents | 9 | (6,502) |
| Cash and cash equivalents – beginning of period | 215,050 | 59,179 |
| Cash and cash equivalents – end of period | $215,059 | $52,677 |
Kontoor Brands, Inc. Q1 FY24 Form 10-Q 6
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