Hillman Solutions Corp
For the period ended Dec 30, 2023. Filed Feb 22, 2024.
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FY2023 · Filed Feb 22, 2024
HLMN$8.17-2.5%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
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Year Ended December 30, 2023 | Year Ended December 31, 2022 | Year EndedDecember 25, 2021 | |
|---|---|---|---|
| Cash flows from operating activities: | |||
| Net loss | $(9,589) | $(16,436) | $(38,332) |
| Adjustments to reconcile net loss to net cash provided by (used for) operating activities: | |||
| Depreciation and amortization | 121,640 | 120,010 | 120,730 |
| (Gain) loss on dispositions of property and equipment | (34) | (26) | 221 |
| Impairment charges | 24,600 | — | — |
| Deferred income taxes | (8,693) | (873) | (21,846) |
| Deferred financing and original issue discount amortization | 5,323 | 3,582 | 4,336 |
| Loss on debt restructuring, net of third party fees paid | — | — | (8,372) |
| Stock-based compensation expense | 12,004 | 13,524 | 15,255 |
| Change in fair value of warrant liabilities | — | — | (14,734) |
| Change in fair value of contingent consideration | (4,936) | (1,128) | (1,806) |
| Other non-cash interest and change in value of interest rate swap | — | — | (1,685) |
| Changes in operating items: | |||
| Accounts receivable | (15,898) | 19,889 | 15,148 |
| Inventories | 103,660 | 38,813 | (137,849) |
| Other assets | 3,068 | 566 | 3,064 |
| Accounts payable | 8,029 | (53,760) | (20,253) |
| Other accrued liabilities | (1,139) | (5,150) | (24,131) |
| Net cash provided by (used for) by operating activities | 238,035 | 119,011 | (110,254) |
| Cash flows from investing activities: | |||
| Acquisitions of businesses, net of cash acquired | (1,700) | (2,500) | (38,902) |
| Capital expenditures | (65,769) | (69,589) | (51,552) |
| Other investing activities | (383) | (733) | — |
| Net cash (used for) investing activities | (67,852) | (72,822) | (90,454) |
| Cash flows from financing activities: | |||
| Borrowings on senior term loans, net of discount | — | — | 883,872 |
| Repayments of senior term loans | (88,510) | (10,638) | (1,072,042) |
| Borrowings of revolving credit loans | 178,000 | 244,000 | 322,000 |
| Repayments of revolving credit loans | (250,000) | (265,000) | (301,000) |
| Repayments of senior notes | — | — | (330,000) |
| Financing fees | — | — | (20,988) |
| Proceeds from recapitalization of Landcadia, net of transaction costs | — | — | 455,161 |
| Proceeds from sale of common stock in PIPE, net of issuance costs | — | — | 363,301 |
| Repayment of junior subordinated debentures | — | — | (108,707) |
| Principal payments under finance lease obligations | (2,410) | (1,470) | (938) |
| Proceeds from exercise of stock options | 2,167 | 2,609 | 2,670 |
| Payments of contingent consideration | (1,232) | — | — |
| Other financing activities | 9 | 1,777 | — |
| Net cash (used for) provided by financing activities | (161,976) | (28,722) | 193,329 |
| Effect of exchange rate changes on cash | (735) | (991) | 464 |
| Net increase (decrease) in cash and cash equivalents | 7,472 | 16,476 | (6,915) |
| Cash and cash equivalents at beginning of period | 31,081 | 14,605 | 21,520 |
| Cash and cash equivalents at end of period | $38,553 | $31,081 | $14,605 |
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