Traeger Inc
For the period ended Mar 31, 2024. Filed May 9, 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.
Mar 31, 2024 · Filed May 9, 2024
COOK$65.35-9.6%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
(in thousands)
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net loss | $(4,683) | $(10,930) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation of property, plant and equipment | 3,619 | 3,564 |
| Amortization of intangible assets | 10,629 | 10,638 |
| Amortization of deferred financing costs | 504 | 534 |
| Loss on disposal of property, plant and equipment | 407 | 1,870 |
| Stock-based compensation expense | 10,098 | 7,943 |
| Unrealized loss (gain) on derivative contracts | (1,124) | 1,698 |
| Amortization of dedesignated cash flow hedge | (2,225) | (2,373) |
| Change in fair value of contingent consideration | — | 1,043 |
| Other non-cash adjustments | 557 | 45 |
| Change in operating assets and liabilities: | ||
| Accounts receivable | (19,110) | (57,145) |
| Inventories | (3,727) | 21,090 |
| Prepaid expenses and other current assets | 3,071 | (1,214) |
| Other non-current assets | 37 | 18 |
| Accounts payable and accrued expenses | (10,651) | (73) |
| Other non-current liabilities | — | (298) |
| Net cash used in operating activities | (12,598) | (23,590) |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Purchase of property, plant, and equipment | (5,683) | (2,082) |
| Capitalization of patent costs | (152) | (123) |
| Proceeds from sale of property, plant, and equipment | 83 | 2,450 |
| Net cash provided by (used in) investing activities | (5,752) | 245 |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Proceeds on line of credit | 21,000 | 62,200 |
| Repayments on line of credit | (8,765) | (62,500) |
| Repayments of long-term debt | (63) | (51) |
| Principal payments on finance lease obligations | (123) | (127) |
| Net cash provided by (used in) financing activities | 12,049 | (478) |
| Net decrease in cash, cash equivalents and restricted cash | (6,301) | (23,823) |
| Cash, cash equivalents and restricted cash at beginning of period | 29,921 | 51,555 |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD | $23,620 | $27,732 |
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
| (Continued) | Three Months Ended March 31, | |
|---|---|---|
| 2024 | 2023 | |
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: | ||
| Cash paid during the period for interest | $9,659 | $4,718 |
| Income taxes paid (received), net of refunds | $(516) | $470 |
| NON-CASH FINANCING AND INVESTING ACTIVITIES | ||
| Equipment purchased under finance leases | $12 | $72 |
| Property, plant, and equipment included in accounts payable and accrued expenses | $523 | $2,568 |
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