Kontoor Brands, Inc.
For the period ended Jan 3, 2026. Filed Mar 4, 2026.
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FY2026 · Filed Mar 4, 2026
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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Item 8. Consolidated Statements of Cash Flows
| Year Ended December | |||
|---|---|---|---|
| (In thousands) | 2025 | 2024 | 2023 |
| OPERATING ACTIVITIES | |||
| Net income | $227,452 | $245,802 | $230,994 |
| Adjustments to reconcile net income to cash provided by operating activities: | |||
| Depreciation and amortization | 47,786 | 42,635 | 38,046 |
| Stock-based compensation | 39,077 | 26,585 | 16,725 |
| Provision for doubtful accounts | 1,338 | 670 | (807) |
| Deferred income taxes | 29,570 | (6,706) | (3,750) |
| Other | (21,372) | (255) | 5,359 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | 56,229 | (35,412) | 14,905 |
| Inventories | 4,504 | 102,992 | 101,284 |
| Accounts payable | 11,812 | 1,869 | (19,916) |
| Income taxes | (22,258) | 9,348 | (29,335) |
| Accrued and other current liabilities | 75,511 | 4,613 | (1,858) |
| Other assets and liabilities | 6,160 | (23,911) | 4,902 |
| Cash provided by operating activities | 455,809 | 368,230 | 356,549 |
| INVESTING ACTIVITIES | |||
| Property, plant and equipment expenditures | (21,047) | (18,788) | (27,366) |
| Capitalized computer software | (4,111) | (3,334) | (10,018) |
| Business acquisition, net of cash received | (901,223) | — | — |
| Proceeds from the settlement of foreign exchange contracts to hedge business acquisition | 24,115 | — | — |
| Proceeds from sales of assets | 5,923 | 3,603 | 510 |
| Other | (2,421) | (3,741) | (2,264) |
| Cash used by investing activities | (898,764) | (22,260) | (39,138) |
| FINANCING ACTIVITIES | |||
| Borrowings under revolving credit facility | 50,000 | — | 288,000 |
| Repayments under revolving credit facility | (50,000) | — | (288,000) |
| Proceeds from issuance of long-term debt | 1,000,000 | — | — |
| Payment of debt issuance costs | (7,433) | — | — |
| Repayments of term loan | (595,000) | (45,000) | (10,000) |
| Repurchases of Common Stock | (25,000) | (85,677) | (30,111) |
| Dividends paid | (116,085) | (112,060) | (108,574) |
| Shares withheld for taxes, net of proceeds from issuance of Common Stock | (9,683) | 2,382 | 284 |
| Other | — | — | (7,297) |
| Cash provided (used) by financing activities | 246,799 | (240,355) | (155,698) |
| Effect of foreign currency rate changes on cash and cash equivalents | (29,468) | 13,401 | (5,842) |
| Net change in cash and cash equivalents | (225,624) | 119,016 | 155,871 |
| Cash and cash equivalents - beginning of period | 334,066 | 215,050 | 59,179 |
| Cash and cash equivalents - end of period | $108,442 | $334,066 | $215,050 |
| Supplemental cash flow information: | |||
| Interest paid | $59,475 | $40,720 | $36,405 |
| Income taxes paid | 69,978 | 53,374 | 74,184 |
| Change in accrual for property, plant and equipment | (190) | (368) | (3,747) |
| Change in accrual for capitalized computer software | 793 | 196 | (981) |
54 Kontoor Brands, Inc. 2025 Form 10-K
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