AKA BRANDS HOLDING CORP
For the period ended Dec 31, 2024. Filed Mar 6, 2025.
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FY2024 · Filed Mar 6, 2025
AKA$9.01-7.1%Stored close · as of Nov 10, 2026
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Item 8. CONSOLIDATED STATEMENTS OF CASH FLOWS
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Cash flows from operating activities: | |||
| Net loss | $(25,990) | $(98,886) | $(176,697) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | |||
| Depreciation expense | 6,550 | 7,605 | 6,156 |
| Amortization expense | 11,047 | 11,536 | 14,192 |
| Amortization of inventory fair value adjustment | — | — | 707 |
| Amortization of debt issuance costs | 597 | 624 | 647 |
| Lease incentives | — | 1,596 | 1,722 |
| Loss on disposal of businesses | 673 | 1,533 | — |
| Non-cash operating lease expense | 8,979 | 7,766 | 9,779 |
| Equity-based compensation | 7,980 | 7,640 | 6,730 |
| Deferred income taxes, net | 1,508 | (745) | (4,064) |
| Goodwill impairment | — | 68,524 | 173,786 |
| Changes in operating assets and liabilities, net of effects of acquisitions: | |||
| Accounts receivable, net | (3,294) | (1,283) | (602) |
| Inventory | (10,657) | 32,149 | (16,257) |
| Prepaid expenses and other current assets | 1,539 | (2,789) | 6,134 |
| Accounts payable | 2,442 | 7,512 | (1,888) |
| Income taxes payable | 778 | 6,214 | (2,442) |
| Accrued liabilities | 7,138 | (13,982) | (7,419) |
| Sales returns reserve | (1,849) | 5,566 | (2,678) |
| Deferred revenue | 856 | 522 | 267 |
| Lease liabilities | (7,628) | (7,676) | (8,392) |
| Net cash provided by (used in) operating activities | 669 | 33,426 | (319) |
| Cash flows from investing activities: | |||
| Acquisition of businesses, net of cash acquired | — | — | (5,321) |
| Purchases of intangible assets | (2) | (61) | (247) |
| Purchases of property and equipment | (11,592) | (5,970) | (19,746) |
| Net cash used in investing activities | (11,594) | (6,031) | (25,314) |
| Cash flows from financing activities: | |||
| Payments of costs related to initial public offering | — | — | (1,142) |
| Proceeds from line of credit | 49,500 | 11,500 | 40,000 |
| Repayment of line of credit | (26,200) | (51,500) | — |
| Proceeds from issuance of debt, net of issuance costs | — | — | (121) |
| Repayment of debt | (5,400) | (10,700) | (5,600) |
| Taxes paid related to net share settlement of equity awards | (1,103) | (191) | (104) |
| Proceeds from issuances under equity-based compensation plans | 224 | 162 | 227 |
| Repurchase of shares | (1,515) | (2,100) | — |
| Net cash provided by (used in) financing activities | 15,506 | (52,829) | 33,260 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | (2,131) | 1,090 | (272) |
| Net change in cash, cash equivalents and restricted cash | 2,450 | (24,344) | 7,355 |
| Cash, cash equivalents and restricted cash at beginning of year | 24,029 | 48,373 | 41,018 |
| Cash, cash equivalents and restricted cash at end of year | $26,479 | $24,029 | $48,373 |
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Reconciliation of cash, cash equivalents and restricted cash: | |||
| Cash and cash equivalents | $24,192 | $21,859 | $46,319 |
| Restricted cash, included in prepaid expenses and other current assets | 577 | 2,170 | 2,054 |
| Restricted cash, included in other assets | 1,710 | — | — |
| Total cash, cash equivalents and restricted cash | $26,479 | $24,029 | $48,373 |
| Supplemental disclosure of cash flow information: | |||
| Interest paid | $9,770 | $10,515 | $6,296 |
| Income tax paid (refund received), net | 2,056 | (4,039) | 2,329 |
| Supplemental disclosure of non-cash activities: | |||
| Right-of-use asset additions under operating leases | $38,534 | $8,447 | $22,237 |
| Property and equipment expenditures included in accounts payable and accrued liabilities | 773 | 70 | 539 |
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