Chewy Inc
For the period ended Jan 28, 2024. Filed Mar 20, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 20, 2024
CHWY$22.86-0.8%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
| Fiscal Year | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Cash flows from operating activities | |||
| Net income (loss) | $39,580 | $49,899 | $(75,207) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||
| Depreciation and amortization | 109,693 | 83,440 | 55,319 |
| Share-based compensation expense | 239,107 | 158,122 | 77,772 |
| Non-cash lease expense | 37,818 | 39,389 | 32,996 |
| Change in fair value of equity warrants and investments | (13,069) | 13,340 | — |
| Unrealized foreign currency gains, net | (391) | — | — |
| Other | 3,914 | 1,072 | 595 |
| Net change in operating assets and liabilities: | |||
| Accounts receivable | (27,072) | (2,573) | (20,858) |
| Inventories | (41,259) | (115,261) | (41,745) |
| Prepaid expenses and other current assets | (50,099) | (10,964) | (7,357) |
| Other non-current assets | (29,942) | 1,114 | (4,960) |
| Trade accounts payable | 71,762 | 147,465 | 84,058 |
| Accrued expenses and other current liabilities | 152,329 | 7,932 | 128,706 |
| Operating lease liabilities | (27,179) | (21,632) | (19,864) |
| Other long-term liabilities | 21,019 | (1,566) | (17,712) |
| Net cash provided by operating activities | 486,211 | 349,777 | 191,743 |
| Cash flows from investing activities | |||
| Capital expenditures | (143,282) | (230,310) | (183,186) |
| Cash paid for acquisition of business, net of cash acquired | (367) | (40,033) | — |
| Purchases of marketable securities | (3,221,714) | (543,761) | — |
| Proceeds from maturities of marketable securities | 3,078,000 | 200,000 | — |
| Acquisition of assets | — | — | (10,086) |
| Other | — | (1,400) | — |
| Net cash used in investing activities | (287,363) | (615,504) | (193,272) |
| Cash flows from financing activities | |||
| Proceeds from parent reorganization transaction, net of cash paid for income taxes | 60,601 | — | — |
| Capital contribution from parent reorganization transaction | 21,966 | — | — |
| (Payments for) proceeds from tax sharing agreement with related parties | (10,279) | (2,828) | 43,714 |
| Principal repayments of finance lease obligations | (510) | (681) | (869) |
| Payment of debt modification costs | (175) | (750) | (1,584) |
| Payments for tax withholdings related to vesting of share-based compensation awards | (5) | (2,475) | — |
| Net cash provided by (used in) financing activities | 71,598 | (6,734) | 41,261 |
| Effect of exchange rate changes on cash and cash equivalents | 145 | — | — |
| Net increase (decrease) in cash and cash equivalents | 270,591 | (272,461) | 39,732 |
| Cash and cash equivalents, as of beginning of period | 331,641 | 604,102 | 564,370 |
| Cash and cash equivalents, as of end of period | $602,232 | $331,641 | $604,102 |
| Supplemental disclosure of cash flow information | |||
| Cash paid for interest | $2,872 | $2,058 | $2,053 |
| Cash paid for income taxes | $1,799,758 | $— | $— |
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