Solo Brands Inc
For the period ended Dec 31, 2024. Filed Mar 12, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 12, 2025
SBDS$2.61-12.7%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
| Year Ended December 31, | ||
|---|---|---|
| (In thousands) | 2024 | 2023 |
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net income (loss) | $(180,192) | $(195,332) |
| Adjustments to reconcile net income (loss) to net cash and cash equivalents provided by (used in) operating activities | ||
| Restructuring, contract termination and impairment charges | 136,099 | 248,967 |
| Depreciation and amortization | 26,632 | 27,349 |
| Inventory charges associated with restructuring and consolidation activities | 18,309 | — |
| Noncash operating lease expense | 8,517 | 8,373 |
| Equity-based compensation | 6,754 | 15,050 |
| Change in fair value of contingent consideration | 4,438 | (1,573) |
| Prepaid marketing charges | 1,871 | — |
| Amortization of debt issuance costs | 860 | 860 |
| Other noncash adjustments | 922 | 1,204 |
| Barter credits | — | (7,160) |
| Deferred income taxes | (11,684) | (47,040) |
| Changes in assets and liabilities | ||
| Inventory | (14,673) | 28,182 |
| Accrued expenses and other current liabilities | (14,133) | 6,811 |
| Accounts receivable | 3,195 | (16,328) |
| Other non-current assets and liabilities | 176 | 2,409 |
| Deferred revenue | (3,481) | (1,571) |
| Operating lease liabilities | (8,586) | (8,113) |
| Prepaid expenses and other current assets | 343 | (9,222) |
| Accounts payable | 38,150 | 9,557 |
| Payments of contingent consideration | (3,000) | — |
| Net cash provided by (used in) operating activities | 10,517 | 62,423 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Capital expenditures | (14,512) | (9,093) |
| Payments of contingent consideration | — | (9,386) |
| Acquisitions, net of cash acquired | — | (34,600) |
| Net cash provided by (used in) investing activities | (14,512) | (53,079) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Proceeds from long-term debt | 80,000 | 70,000 |
| Repayments of long-term debt | (79,250) | (35,000) |
| Debt issuance costs paid | (167) | — |
| Finance lease liability principal paid | (144) | (379) |
| Exercise of Options for Class A common stock | — | 39 |
| Common stock repurchases | — | (36,957) |
| Distributions to non-controlling interests | (4,284) | (10,511) |
| Taxes paid related to net share settlement of equity awards | (207) | (305) |
| Stock issued under employee stock purchase plan | 395 | 247 |
| Net cash provided by (used in) financing activities | (3,657) | (12,866) |
| Effect of exchange rate changes on cash | (210) | 71 |
| Net change in cash and cash equivalents | (7,862) | (3,451) |
| Cash and cash equivalents balance, beginning of period | 19,842 | 23,293 |
| Cash and cash equivalents balance, end of period | $11,980 | $19,842 |
| SUPPLEMENTAL DISCLOSURES: | ||
|---|---|---|
| Cash interest paid, net of amounts capitalized | $13,469 | $10,327 |
| Cash income taxes paid | $4,284 | $11,775 |
| Construction in progress in accounts payable | $268 | $— |
| SUPPLEMENTAL NONCASH INVESTING AND FINANCING DISCLOSURES: | ||
| Treasury stock retirements | — | 31,164 |
| Re-issuance of treasury stock | — | 5,342 |
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