Chewy Inc
For the period ended Apr 28, 2024. Filed May 29, 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.
Apr 28, 2024 · Filed May 29, 2024
CHWY$22.86-0.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows for the
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
| 13 Weeks Ended | ||
|---|---|---|
| April 28,2024 | April 30,2023 | |
| Cash flows from operating activities | ||
| Net income | $66,897 | $22,859 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 28,000 | 28,898 |
| Share-based compensation expense | 65,385 | 48,553 |
| Non-cash lease expense | 8,004 | 11,933 |
| Change in fair value of equity warrants and investments | 926 | 8,948 |
| Unrealized foreign currency losses, net | 633 | — |
| Other | (1,929) | 489 |
| Net change in operating assets and liabilities: | ||
| Accounts receivable | (18,188) | (25,807) |
| Inventories | (33,147) | (54,260) |
| Prepaid expenses and other current assets | (8,467) | (10,699) |
| Other non-current assets | 250 | 298 |
| Trade accounts payable | 38,798 | 82,085 |
| Accrued expenses and other current liabilities | (58,325) | 38,724 |
| Operating lease liabilities | (8,197) | (5,229) |
| Other long-term liabilities | 1,297 | 1,920 |
| Net cash provided by operating activities | 81,937 | 148,712 |
| Cash flows from investing activities | ||
| Capital expenditures | (29,299) | (21,573) |
| Purchases of marketable securities | — | (394,098) |
| Proceeds from maturities of marketable securities | 535,000 | 350,000 |
| Cash paid for acquisition of business, net of cash acquired | — | (367) |
| Net cash provided by (used in) investing activities | 505,701 | (66,038) |
| Cash flows from financing activities | ||
| Income taxes paid for, net of proceeds from, parent reorganization transaction | (54,793) | — |
| Principal repayments of finance lease obligations | (262) | (175) |
| Payments for tax withholdings related to vesting of share-based compensation awards | (12) | — |
| Payments for tax sharing agreement with related parties | — | (3,761) |
| Payment of debt modification costs | — | (175) |
| Net cash used in financing activities | (55,067) | (4,111) |
| Effect of exchange rate changes on cash and cash equivalents | (174) | — |
| Net increase in cash and cash equivalents | 532,397 | 78,563 |
| Cash and cash equivalents, as of beginning of period | 602,232 | 331,641 |
| Cash and cash equivalents, as of end of period | $1,134,629 | $410,204 |
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