Kontoor Brands Inc
For the period ended Sep 28, 2024. Filed Oct 31, 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.
Sep 28, 2024 · Filed Oct 31, 2024
KTB$82.79+1.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows: Nine
Consolidated Statements of Cash Flows
| Nine Months Ended September | ||
|---|---|---|
| (In thousands) | 2024 | 2023 |
| OPERATING ACTIVITIES | ||
| Net income | $181,824 | $162,223 |
| Adjustments to reconcile net income to cash provided by operating activities: | ||
| Depreciation and amortization | 29,052 | 27,405 |
| Stock-based compensation | 16,316 | 9,017 |
| Provision for doubtful accounts | 951 | 87 |
| Other | 4,227 | 10,331 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (16,012) | (10,660) |
| Inventories | 35,270 | (6,354) |
| Accounts payable | 22,502 | (23,145) |
| Income taxes | 473 | (24,064) |
| Accrued and other current liabilities | 28,108 | (10,170) |
| Other assets and liabilities | (16,453) | 12,856 |
| Cash provided by operating activities | 286,258 | 147,526 |
| INVESTING ACTIVITIES | ||
| Property, plant and equipment expenditures | (11,841) | (21,553) |
| Capitalized computer software | (2,766) | (8,940) |
| Other | (1,858) | (837) |
| Cash used by investing activities | (16,465) | (31,330) |
| FINANCING ACTIVITIES | ||
| Borrowings under revolving credit facility | — | 288,000 |
| Repayments under revolving credit facility | — | (288,000) |
| Repayments of term loan | (40,000) | (7,500) |
| Repurchases of Common Stock | (85,677) | — |
| Dividends paid | (83,306) | (80,719) |
| Shares withheld for taxes, net of proceeds from issuance of Common Stock | (1,769) | (2,506) |
| Other | — | (7,297) |
| Cash used by financing activities | (210,752) | (98,022) |
| Effect of foreign currency rate changes on cash and cash equivalents | (4,664) | 475 |
| Net change in cash and cash equivalents | 54,377 | 18,649 |
| Cash and cash equivalents – beginning of period | 215,050 | 59,179 |
| Cash and cash equivalents – end of period | $269,427 | $77,828 |
Kontoor Brands, Inc. Q3 FY24 Form 10-Q 6
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