Hillman Solutions Corp
For the period ended Sep 28, 2024. Filed Nov 5, 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 Nov 5, 2024
HLMN$8.17-2.5%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)
| Thirty-nine Weeks Ended September 28, 2024 | Thirty-nine Weeks EndedSeptember 30, 2023 | |
|---|---|---|
| Cash flows from operating activities: | ||
| Net income | $18,477 | $470 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 96,440 | 91,672 |
| Deferred income taxes | (1,326) | 1,835 |
| Deferred financing and original issue discount amortization | 3,807 | 3,993 |
| Stock-based compensation expense | 9,742 | 9,111 |
| Customer bankruptcy reserve | 7,757 | — |
| Loss on debt restructuring | 3,008 | — |
| Cash paid to third parties in connection with debt restructuring | (1,554) | — |
| Loss on disposal of property and equipment | 56 | — |
| Change in fair value of contingent consideration | 313 | 2,614 |
| Changes in operating items: | ||
| Accounts receivable, net | (22,906) | (42,883) |
| Inventories, net | (2,036) | 92,833 |
| Other assets | (142) | (5,697) |
| Accounts payable | 17,822 | 27,220 |
| Other accrued liabilities | 10,729 | (9,691) |
| Net cash provided by operating activities | 140,187 | 171,477 |
| Cash flows from investing activities: | ||
| Acquisition of business, net of cash received | (57,762) | (300) |
| Capital expenditures | (64,196) | (52,145) |
| Other investing activities | (211) | (318) |
| Net cash used for investing activities | (122,169) | (52,763) |
| Cash flows from financing activities: | ||
| Repayments of senior term loans | (4,255) | (86,383) |
| Financing fees | (33) | — |
| Borrowings on revolving credit loans | 77,000 | 172,000 |
| Repayments of revolving credit loans | (77,000) | (197,000) |
| Principal payments under finance lease obligations | (2,698) | (1,687) |
| Proceeds from exercise of stock options | 8,938 | 1,600 |
| Payments of contingent consideration | (196) | (1,175) |
| Other financing activities | (103) | 883 |
| Net cash provided by (used for) financing activities | 1,653 | (111,762) |
| Effect of exchange rate changes on cash | 1,596 | 1,229 |
| Net increase in cash and cash equivalents | 21,267 | 8,181 |
| Cash and cash equivalents at beginning of period | 38,553 | 31,081 |
| Cash and cash equivalents at end of period | $59,820 | $39,262 |
| Supplemental disclosure of cash flow information: | ||
| Interest paid | $30,348 | $43,843 |
| Income taxes paid | 7,967 | 3,999 |
| Capital expenditures in accounts payable | 2,200 | 1,518 |
3 | September 28, 2024 Form 10-Q
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.