Hillman Solutions Corp
For the period ended Dec 28, 2024. Filed Feb 20, 2025.
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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 Feb 20, 2025
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 28, 2024 | Year Ended December 30, 2023 | Year EndedDecember 31, 2022 | |
|---|---|---|---|
| Cash flows from operating activities: | |||
| Net income (loss) | $17,255 | $(9,589) | $(16,436) |
| Adjustments to reconcile net income (loss) to net cash provided by (used for) operating activities: | |||
| Depreciation and amortization | 130,040 | 121,640 | 120,010 |
| (Gain) loss on dispositions of property and equipment | 56 | (34) | (26) |
| Impairment charges | — | 24,600 | — |
| Deferred income taxes | (5,038) | (8,693) | (873) |
| Deferred financing and original issue discount amortization | 5,065 | 5,323 | 3,582 |
| Loss on debt restructuring | 3,008 | — | — |
| Cash paid to third parties in connection with debt restructuring | (1,554) | — | — |
| Stock-based compensation expense | 13,463 | 12,004 | 13,524 |
| Customer bankruptcy reserve | 8,640 | — | — |
| Change in fair value of contingent consideration | 228 | (4,936) | (1,128) |
| Changes in operating items: | |||
| Accounts receivable | (4,545) | (15,898) | 19,889 |
| Inventories | 8,710 | 103,660 | 38,813 |
| Other assets | (6,004) | 3,068 | 566 |
| Accounts payable | (7,784) | 8,029 | (53,760) |
| Accrued salaries and wages | 12,707 | 6,750 | 7,553 |
| Other accrued liabilities | 9,089 | (7,889) | (12,703) |
| Net cash provided by operating activities | 183,336 | 238,035 | 119,011 |
| Cash flows from investing activities: | |||
| Acquisitions of businesses, net of cash acquired | (57,900) | (1,700) | (2,500) |
| Capital expenditures | (85,219) | (65,769) | (69,589) |
| Other investing activities | (278) | (383) | (733) |
| Net cash used for investing activities | (143,397) | (67,852) | (72,822) |
| Cash flows from financing activities: | |||
| Repayments of senior term loans | (106,383) | (88,510) | (10,638) |
| Borrowings of revolving credit loans | 177,000 | 178,000 | 244,000 |
| Repayments of revolving credit loans | (115,000) | (250,000) | (265,000) |
| Financing fees | (33) | — | — |
| Principal payments under finance lease obligations | (3,682) | (2,410) | (1,470) |
| Proceeds from exercise of stock options | 9,657 | 2,167 | 2,609 |
| Payments of contingent consideration | (260) | (1,232) | — |
| Other financing activities | (567) | 9 | 1,777 |
| Net cash used for financing activities | (39,268) | (161,976) | (28,722) |
| Effect of exchange rate changes on cash | 5,286 | (735) | (991) |
| Net increase in cash and cash equivalents | 5,957 | 7,472 | 16,476 |
| Cash and cash equivalents at beginning of period | 38,553 | 31,081 | 14,605 |
| Cash and cash equivalents at end of period | $44,510 | $38,553 | $31,081 |
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