Brilliant Earth Group Inc
For the period ended Dec 31, 2023. Filed Mar 28, 2024.
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FY2023 · Filed Mar 28, 2024
BRLT$1.30-4.4%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)
| Years ended December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Operating activities | ||
| Net income | $4,734 | $19,025 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation | 4,200 | 1,922 |
| Equity-based compensation | 9,952 | 8,840 |
| Non-cash operating lease cost | 4,692 | 3,229 |
| Amortization of debt issuance costs | 269 | 592 |
| Loss on extinguishment of debt | — | 617 |
| Deferred tax benefit | (488) | (168) |
| Other | 60 | 180 |
| Changes in assets and liabilities: | ||
| Inventories | 1,495 | (14,751) |
| Prepaid expenses and other current assets | 2,036 | (1,848) |
| Other assets | 529 | (2,292) |
| Accounts payable, accrued expenses and other current liabilities | 2,024 | 2,491 |
| Deferred revenue | 1,003 | (455) |
| Operating lease liabilities | (4,292) | (2,876) |
| Net cash provided by operating activities | 26,214 | 14,506 |
| Investing activities | ||
| Purchases of property and equipment | (11,944) | (9,124) |
| Net cash used in investing activities | (11,944) | (9,124) |
| Financing activities | ||
| Proceeds received from Silicon Valley Bank ("SVB") term loan facility | — | 65,000 |
| Repayment of Runway term loan | — | (58,158) |
| Tax distributions to members | (9,854) | (18,316) |
| Principal payments on Runway term loan | — | (6,842) |
| Final payment and prepayment penalty on Runway term loan | — | (2,408) |
| Payments of debt issuance costs | — | (1,249) |
| Payments on SVB term loan | (3,250) | (1,625) |
| Net cash used in financing activities | (13,104) | (23,598) |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 1,166 | (18,216) |
| Cash, cash equivalents and restricted cash at beginning of year | 154,854 | 173,070 |
| Cash, cash equivalents and restricted cash at end of year | $156,020 | $154,854 |
| Non-cash investing and financing activities | ||
| Right-of-use assets obtained in exchange for new operating lease liabilities | $12,447 | $13,970 |
| Deferred tax assets associated with redemption of LLC Units | $309 | $4,374 |
| TRA Obligation associated with redemption of LLC Units | $826 | $3,620 |
| Purchases of property and equipment included in accounts payable and accrued liabilities | $414 | $2,636 |
| Change to APIC related to redemption of LLC Units | $(517) | $754 |
| Supplemental information | ||
| Cash paid for interest | $5,152 | $3,827 |
| Cash paid for taxes | $68 | $175 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.