Krispy Kreme Inc
For the period ended Jun 30, 2024. Filed Aug 8, 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.
Jun 30, 2024 · Filed Aug 8, 2024
DNUT$3.85-4.5%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
Condensed Consolidated Statements of Cash Flows (Unaudited)
(in thousands)
| Two Quarters Ended | ||
|---|---|---|
| June 30,2024 (26 weeks) | July 2,2023 (26 weeks) | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net (loss)/income | $(11,594) | $1,728 |
| Adjustments to reconcile net (loss)/income to net cash provided by operating activities: | ||
| Depreciation and amortization expense | 68,186 | 57,135 |
| Deferred and other income taxes | (5,338) | (11,743) |
| Loss on extinguishment of debt | — | 472 |
| Impairment and lease termination charges | 448 | 7,808 |
| Gain on disposal of property and equipment | (3) | (151) |
| Gain on sale-leaseback | — | (9,646) |
| Share-based compensation | 14,634 | 10,369 |
| Change in accounts and notes receivable allowances | 327 | 372 |
| Inventory write-off | 1,038 | 10,244 |
| Settlement of interest rate swap derivatives | — | 7,657 |
| Amortization related to settlement of interest rate swap derivatives | (5,910) | (4,379) |
| Other | 858 | 996 |
| Change in operating assets and liabilities, excluding foreign currency translation adjustments | (47,121) | (24,609) |
| Net cash provided by operating activities | 15,525 | 46,253 |
| CASH FLOWS USED FOR INVESTING ACTIVITIES: | ||
| Purchase of property and equipment | (60,735) | (54,290) |
| Proceeds from sale-leaseback | — | 10,025 |
| Purchase of equity method investment | (3,506) | — |
| Disbursement for loan receivable | (1,086) | — |
| Other investing activities | 166 | 163 |
| Net cash used for investing activities | (65,161) | (44,102) |
| CASH FLOWS FROM/(USED FOR) FINANCING ACTIVITIES: | ||
| Proceeds from the issuance of debt | 365,000 | 989,198 |
| Repayment of long-term debt and lease obligations | (306,797) | (916,580) |
| Payment of financing costs | — | (5,000) |
| Proceeds from structured payables | 190,162 | 73,939 |
| Payments on structured payables | (190,811) | (126,920) |
| Capital contribution by shareholders, net of loans issued | 919 | 631 |
| Distribution to shareholders | (11,807) | (11,771) |
| Payments for repurchase and retirement of common stock | (4,275) | (147) |
| Distribution to noncontrolling interest | (2,146) | (11,246) |
| Net cash provided by/(used for) financing activities | 40,245 | (7,896) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | (115) | (3,011) |
| Net decrease in cash, cash equivalents and restricted cash | (9,506) | (8,756) |
| Cash, cash equivalents and restricted cash at beginning of period | 38,614 | 35,730 |
| Cash, cash equivalents and restricted cash at end of period | $29,108 | $26,974 |
| Supplemental schedule of non-cash investing and financing activities: | ||
| Increase in accrual for property and equipment | $12,176 | $10,636 |
| Accrual for distribution to shareholders | (5,919) | (5,886) |
| Reconciliation of cash, cash equivalents and restricted cash at end of period: | ||
| Cash and cash equivalents | $28,625 | $26,635 |
| Restricted cash | 483 | 339 |
| Total cash, cash equivalents and restricted cash | $29,108 | $26,974 |
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