Traeger Inc
For the period ended Dec 31, 2024. Filed Mar 7, 2025.
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FY2024 · Filed Mar 7, 2025
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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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
| Year-ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Net loss | $(34,008) | $(84,402) | $(382,140) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | |||
| Depreciation of property, plant, and equipment | 13,870 | 15,011 | 13,821 |
| Amortization of intangible assets | 42,458 | 42,770 | 42,726 |
| Amortization of deferred financing costs | 1,977 | 2,016 | 1,957 |
| Loss on disposal of property, plant, and equipment | 649 | 2,188 | 1,140 |
| Stock-based compensation expense | 27,901 | 53,203 | 87,697 |
| Unrealized loss on derivative contracts | 9,971 | 3,997 | 2,440 |
| Amortization of dedesignated cash flow hedge | (6,666) | (10,364) | — |
| Change in contingent consideration | (15,000) | 4,478 | 6,722 |
| Goodwill impairment | — | — | 222,322 |
| Restructuring costs | — | — | 2,046 |
| Other non-cash adjustments | (233) | (2,022) | (1,144) |
| Change in operating assets and liabilities: | |||
| Accounts receivable | (25,396) | (17,735) | 51,052 |
| Inventories | (11,192) | 57,295 | (11,931) |
| Prepaid expenses and other current assets | (7,573) | (4,199) | (3,046) |
| Other non-current assets | 148 | (568) | 78 |
| Accounts payable and accrued expenses | 26,982 | 2,374 | (28,211) |
| Other non-current liabilities | — | — | (435) |
| Net cash provided by operating activities | 23,888 | 64,042 | 5,094 |
| CASH FLOWS FROM INVESTING ACTIVITIES | |||
| Purchase of property, plant, and equipment | (11,996) | (19,946) | (18,398) |
| Capitalization of patent costs | (448) | (460) | (506) |
| Proceeds from sale of property, plant, and equipment | 113 | 3,028 | — |
| Net cash used in investing activities | (12,331) | (17,378) | (18,904) |
| CASH FLOWS FROM FINANCING ACTIVITIES | |||
| Proceeds from line of credit | 63,000 | 115,900 | 179,000 |
| Repayments on line of credit | (86,400) | (171,209) | (145,429) |
| Proceeds from long-term debt | — | — | 25,000 |
| Repayments of long-term debt | (250) | (250) | (125) |
| Payment of deferred financing costs | (119) | — | — |
| Principal payments on finance lease liabilities | (521) | (514) | (505) |
| Payments of acquisition related contingent consideration | — | (12,225) | (9,275) |
| Taxes paid related to net share settlement of equity awards | (2,207) | — | (41) |
| Net cash provided by (used in) financing activities | (26,497) | (68,298) | 48,625 |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | (14,940) | (21,634) | 34,815 |
| Cash, cash equivalents, and restricted cash at beginning of period | 29,921 | 51,555 | 16,740 |
| CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT END OF PERIOD | $14,981 | $29,921 | $51,555 |
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
| (Continued) | Year-ended December 31, | ||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: | |||
| Cash paid during the period for interest | $38,512 | $40,060 | $25,138 |
| Income taxes paid, net of refunds | $1,951 | $3,062 | $2,844 |
| NON-CASH FINANCING AND INVESTING ACTIVITIES | |||
| Equipment purchased under finance leases | $292 | $460 | $1,116 |
| Property, plant, and equipment included in accounts payable and accrued expenses | $678 | $3,975 | $2,134 |
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