AKA BRANDS HOLDING CORP
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
AKA$9.01-7.1%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 | $(16,633) | $(85,003) |
| Adjustments to reconcile net loss to net cash (used in) provided by operating activities: | ||
| Depreciation expense | 4,720 | 5,912 |
| Amortization expense | 8,303 | 8,782 |
| Amortization of debt issuance costs | 451 | 470 |
| Lease incentives | — | 1,499 |
| Loss on disposal of businesses | 673 | 1,533 |
| Non-cash operating lease expense | 6,524 | 5,786 |
| Equity-based compensation | 5,987 | 5,478 |
| Deferred income taxes, net | 16 | 3 |
| Goodwill impairment | — | 68,524 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable, net | (1,803) | 111 |
| Inventory | (16,725) | 20,428 |
| Prepaid expenses and other current assets | (397) | (5,448) |
| Accounts payable | 2,276 | 7,495 |
| Income taxes payable | (1,625) | (4,528) |
| Accrued liabilities | 7,839 | (10,912) |
| Sales returns reserve | (1,199) | 3,714 |
| Deferred revenue | 1,083 | (4) |
| Lease liabilities | (5,828) | (5,798) |
| Net cash (used in) provided by operating activities | (6,338) | 18,042 |
| Cash flows from investing activities: | ||
| Purchases of intangible assets | (5) | (59) |
| Purchases of property and equipment | (7,689) | (5,462) |
| Net cash used in investing activities | (7,694) | (5,521) |
| Cash flows from financing activities: | ||
| Proceeds from line of credit, net of issuance costs | 34,500 | — |
| Repayment of line of credit | (13,000) | (33,100) |
| Repayment of debt | (3,300) | (4,200) |
| Taxes paid related to net share settlement of equity awards | (786) | (107) |
| Proceeds from issuances under equity-based compensation plans | 93 | 90 |
| Repurchase of shares | (1,272) | (910) |
| Net cash provided by (used in) financing activities | 16,235 | (38,227) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | (674) | (63) |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 1,529 | (25,769) |
| Cash, cash equivalents and restricted cash at beginning of period | 24,029 | 48,373 |
| Cash, cash equivalents and restricted cash at end of period | $25,558 | $22,604 |
| Reconciliation of cash, cash equivalents and restricted cash: | ||
| Cash and cash equivalents | $23,077 | $20,742 |
| Restricted cash, included in prepaid expenses and other current assets | 538 | 1,862 |
| Restricted cash, included in other assets | 1,943 | — |
| Total cash, cash equivalents and restricted cash | $25,558 | $22,604 |
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