Traeger Inc
For the period ended Sep 30, 2024. Filed Nov 7, 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 30, 2024 · Filed Nov 7, 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)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net loss | $(27,050) | $(60,357) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | ||
| Depreciation of property, plant and equipment | 10,139 | 11,204 |
| Amortization of intangible assets | 31,936 | 32,074 |
| Amortization of deferred financing costs | 1,500 | 1,519 |
| Loss on disposal of property, plant and equipment | 414 | 2,262 |
| Stock-based compensation expense | 23,064 | 47,180 |
| Unrealized loss (gain) on derivative contracts | 7,526 | (2,689) |
| Amortization of dedesignated cash flow hedge | (5,506) | (7,808) |
| Change in contingent consideration | (15,000) | 288 |
| Other non-cash adjustments | 1,425 | 141 |
| Change in operating assets and liabilities: | ||
| Accounts receivable | (10,851) | (9,099) |
| Inventories | (8,883) | 51,580 |
| Prepaid expenses and other current assets | 2,596 | (6,077) |
| Other non-current assets | 86 | (393) |
| Accounts payable and accrued expenses | 5,020 | (15,467) |
| Other non-current liabilities | — | 1 |
| Net cash provided by operating activities | 16,416 | 44,359 |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Purchase of property, plant, and equipment | (10,034) | (15,678) |
| Capitalization of patent costs | (312) | (373) |
| Proceeds from sale of property, plant, and equipment | 113 | 2,925 |
| Net cash used in investing activities | (10,233) | (13,126) |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Proceeds from line of credit | 47,000 | 103,100 |
| Repayments on line of credit | (63,400) | (161,809) |
| Repayments of long-term debt | (188) | (188) |
| Payment of deferred financing costs | (119) | — |
| Principal payments on finance lease obligations | (384) | (386) |
| Payments of acquisition related contingent consideration | — | (12,225) |
| Taxes paid related to net share settlement of equity awards | (2,141) | — |
| Net cash used in financing activities | (19,232) | (71,508) |
| Net decrease in cash, cash equivalents and restricted cash | (13,049) | (40,275) |
| Cash, cash equivalents and restricted cash at beginning of period | 29,921 | 51,555 |
| CASH AND CASH EQUIVALENTS AT END OF PERIOD | $16,872 | $11,280 |
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
| (Continued) | Nine Months Ended September 30, | |
|---|---|---|
| 2024 | 2023 | |
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: | ||
| Cash paid during the period for interest | $29,643 | $30,243 |
| Income taxes paid, net of refunds | $1,575 | $2,449 |
| NON-CASH FINANCING AND INVESTING ACTIVITIES | ||
| Equipment purchased under finance leases | $206 | $451 |
| Property, plant, and equipment included in accounts payable and accrued expenses | $51 | $2,152 |
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