Brilliant Earth Group Inc
For the period ended Dec 31, 2024. Filed Mar 13, 2025.
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FY2024 · Filed Mar 13, 2025
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, | ||
|---|---|---|
| 2024 | 2023 | |
| Operating activities | ||
| Net income | $3,994 | $4,734 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation | 5,312 | 4,200 |
| Equity-based compensation | 9,934 | 9,952 |
| Non-cash operating lease cost | 5,555 | 4,692 |
| Amortization of debt issuance costs | 291 | 269 |
| Deferred tax expense (benefit) | 128 | (488) |
| Other | 213 | 60 |
| Changes in assets and liabilities: | ||
| Inventories | (686) | 1,495 |
| Prepaid expenses and other current assets | 667 | 2,036 |
| Other assets | (728) | 529 |
| Accounts payable, accrued expenses and other current liabilities | (725) | 2,024 |
| Deferred revenue | (630) | 1,003 |
| Operating lease liabilities | (5,730) | (4,292) |
| Net cash provided by operating activities | 17,595 | 26,214 |
| Investing activities | ||
| Purchases of property and equipment | (4,907) | (11,944) |
| Net cash used in investing activities | (4,907) | (11,944) |
| Financing activities | ||
| Tax distributions and TRA payments to members | (1,766) | (9,854) |
| Repurchases of common stock | (638) | — |
| Payments of debt issuance costs | (100) | — |
| Payments on SVB term loan | (4,063) | (3,250) |
| Net cash used in financing activities | (6,567) | (13,104) |
| Net increase in cash, cash equivalents and restricted cash | 6,121 | 1,166 |
| Cash, cash equivalents and restricted cash at beginning of year | 156,020 | 154,854 |
| Cash, cash equivalents and restricted cash at end of year | $162,141 | $156,020 |
| Non-cash investing and financing activities | ||
| Right-of-use assets obtained in exchange for new operating lease liabilities | $7,129 | $12,447 |
| Deferred tax assets associated with redemption of LLC Units | $(9) | $309 |
| TRA Obligation associated with redemption of LLC Units | $207 | $826 |
| Purchases of property and equipment included in accounts payable and accrued liabilities | $24 | $414 |
| Change to APIC related to redemption of LLC Units | $216 | $(517) |
| Supplemental information | ||
| Cash paid for interest | $4,878 | $5,152 |
| Cash paid for taxes | $2 | $68 |
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