Savers Value Village Inc
For the period ended Sep 28, 2024. Filed Nov 8, 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.
Sep 28, 2024 · Filed Nov 8, 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)
| Thirty-Nine Weeks Ended | ||
|---|---|---|
| September 28, 2024 | September 30, 2023 | |
| Cash flows from operating activities: | ||
| Net income | $30,926 | $9,243 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Stock-based compensation expense | 51,107 | 50,970 |
| Amortization of debt issuance costs and debt discount | 4,169 | 4,631 |
| Depreciation and amortization | 52,978 | 45,088 |
| Operating lease expense | 97,209 | 89,204 |
| Deferred income taxes, net | (14,511) | (3,725) |
| Loss on extinguishment of debt | 4,088 | 16,626 |
| Other items | (10,243) | (12,714) |
| Changes in operating assets and liabilities, net of acquisitions: | ||
| Trade receivables | (4,029) | 341 |
| Inventories | (6,224) | (14,227) |
| Prepaid expenses and other current assets | (6,831) | 3,675 |
| Accounts payable and accrued liabilities | (12,951) | 2,456 |
| Accrued payroll and related taxes | (18,797) | (5,519) |
| Operating lease liabilities | (91,318) | (84,081) |
| Other liabilities | 2,870 | 2,434 |
| Net cash provided by operating activities | 78,443 | 104,402 |
| Cash flows from investing activities: | ||
| Purchases of property and equipment | (80,146) | (74,579) |
| Business acquisition, net of cash acquired | (3,189) | — |
| Settlement of derivative instruments, net | 28,194 | (199) |
| Purchase of trade name | — | (650) |
| Net cash used in investing activities | (55,141) | (75,428) |
| Cash flows from financing activities: | ||
| Proceeds from issuance of long-term debt, net | — | 529,247 |
| Principal payments on long-term debt | (54,000) | (546,431) |
| Payment of debt issuance costs | (1,004) | (4,359) |
| Prepayment premium on extinguishment of debt | (1,485) | (1,650) |
| Advances on revolving line of credit | — | 42,000 |
| Repayments of revolving line of credit | — | (84,000) |
| Proceeds from stock option exercises | 3,443 | — |
| Dividends paid | — | (262,235) |
| Proceeds from initial public offering, net | — | 314,719 |
| Payment of offering costs | — | (8,766) |
| Repurchase of common stock under share repurchase program | (20,934) | — |
| Repurchase of shares and shares withheld for taxes | (553) | (849) |
| Settlement of derivative instrument, net | 11,925 | 6,213 |
| Principal payments on finance lease liabilities | (1,099) | — |
| Other | (438) | — |
| Net cash used in financing activities | (64,145) | (16,111) |
| Effect of exchange rate changes on cash and cash equivalents | (1,393) | 312 |
| Net change in cash and cash equivalents | (42,236) | 13,175 |
| Cash and cash equivalents at beginning of period | 179,955 | 112,132 |
| Cash and cash equivalents at end of period | $137,719 | $125,307 |
| Supplemental disclosures of cash flow information: | ||
| Interest paid on debt | $68,678 | $70,225 |
| Income taxes paid, net | $28,612 | $10,032 |
| Supplemental disclosure of noncash investing and financing activities: | ||
| Noncash capital expenditures | $6,567 | $1,810 |
| Offering costs not yet paid | $— | $1,147 |
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