Savers Value Village Inc
For the period ended Mar 30, 2024. Filed May 10, 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.
Mar 30, 2024 · Filed May 10, 2024
SVV$10.07-5.1%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
(All amounts in thousands, unaudited)
| Thirteen Weeks Ended | ||
|---|---|---|
| March 30, 2024 | April 1, 2023 | |
| Cash flows from operating activities: | ||
| Net loss | $(467) | $(10,195) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Stock-based compensation expense | 19,129 | 917 |
| Amortization of debt issuance costs and debt discount | 1,401 | 1,466 |
| Depreciation and amortization | 18,301 | 14,484 |
| Operating lease expense | 31,450 | 29,392 |
| Deferred income taxes, net | (20,811) | (8,611) |
| Loss on extinguishment of debt | 4,088 | 6,011 |
| Other items | (1,991) | (3,905) |
| Changes in operating assets and liabilities: | ||
| Trade receivables | (683) | (1,043) |
| Inventories | (2,590) | (3,328) |
| Prepaid expenses and other current assets | (6,291) | (1,014) |
| Accounts payable and accrued liabilities | 1,234 | 2,351 |
| Accrued payroll and related taxes | (20,465) | (14,292) |
| Operating lease liabilities | (29,283) | (27,830) |
| Other liabilities | 1,178 | 763 |
| Net cash used in operating activities | (5,800) | (14,834) |
| Cash flows from investing activities: | ||
| Purchases of property and equipment | (22,494) | (20,799) |
| Settlement of derivative instruments, net | (59) | (51) |
| Net cash used in investing activities | (22,553) | (20,850) |
| Cash flows from financing activities: | ||
| Proceeds from issuance of long-term debt, net | — | 529,247 |
| Principal payments on long-term debt | (51,000) | (235,463) |
| Payment of debt issuance costs | (111) | (4,359) |
| Prepayment premium on extinguishment of debt | (1,485) | — |
| Advances on revolving line of credit | — | 35,000 |
| Repayments of revolving line of credit | — | (47,000) |
| Proceeds from stock option exercises | 2,958 | — |
| Dividends paid | — | (262,235) |
| Repurchase of shares and shares withheld to cover taxes | — | (345) |
| Settlement of derivative instrument, net | 2,362 | 1,785 |
| Principal payments on finance lease liabilities | (346) | — |
| Net cash (used in) provided by financing activities | (47,622) | 16,630 |
| Effect of exchange rate changes on cash and cash equivalents | (1,797) | (124) |
| Net change in cash and cash equivalents | (77,772) | (19,178) |
| Cash and cash equivalents at beginning of period | 179,955 | 112,132 |
| Cash and cash equivalents at end of period | $102,183 | $92,954 |
| Supplemental disclosures of cash flow information: | ||
| Interest paid on debt | $32,057 | $17,841 |
| Income taxes paid, net | $4,584 | $4,982 |
| Supplemental disclosure of noncash investing activities: | ||
| Noncash capital expenditures | $6,587 | $2,820 |
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