Savers Value Village Inc
For the period ended Dec 28, 2024. Filed Feb 21, 2025.
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FY2024 · Filed Feb 21, 2025
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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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
(All amounts in thousands)
| Fiscal Year | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Cash flows from operating activities: | |||
| Net income | $29,030 | $53,115 | $84,720 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Stock-based compensation expense | 61,636 | 72,604 | 1,943 |
| Amortization of debt issuance costs and debt discount | 5,611 | 6,051 | 4,005 |
| Depreciation and amortization | 69,530 | 61,144 | 55,753 |
| Operating lease expense | 132,173 | 119,908 | 114,788 |
| Deferred income taxes, net | (31,880) | (35,249) | 20,261 |
| Loss on extinguishment of debt | 4,088 | 16,626 | 1,023 |
| Other items | 9,048 | (15,055) | 22,795 |
| Changes in operating assets and liabilities, net of acquisition: | |||
| Trade receivables | (5,748) | 740 | (8,053) |
| Inventories | (1,898) | (10,926) | 2,246 |
| Prepaid expenses and other current assets | 1,073 | 3,659 | (16,928) |
| Accounts payable and accrued liabilities | (8,046) | 8,154 | 6,887 |
| Accrued payroll and related taxes | (10,688) | 2,428 | (12,632) |
| Operating lease liabilities | (122,630) | (110,438) | (104,685) |
| Other liabilities | 2,977 | 2,404 | (2,690) |
| Net cash provided by operating activities | 134,276 | 175,165 | 169,433 |
| Cash flows from investing activities: | |||
| Purchases of property and equipment | (105,877) | (91,743) | (110,173) |
| Settlement of derivative instruments, net | 28,543 | 28 | (329) |
| Business acquisition, net of cash acquired | (3,189) | — | — |
| Purchase of trade name | — | (650) | — |
| Net cash used in investing activities | (80,523) | (92,365) | (110,502) |
| Cash flows from financing activities: | |||
| Proceeds from issuance of long-term debt, net | — | 529,247 | — |
| Principal payments on long-term debt | (55,500) | (547,931) | (10,991) |
| Payment of debt issuance costs | (1,004) | (4,359) | (626) |
| Prepayment premium on extinguishment of debt | (1,485) | (1,650) | (1,023) |
| Advances on revolving line of credit | — | 42,000 | 102,000 |
| Repayments of revolving line of credit | — | (84,000) | (60,000) |
| Proceeds from stock option exercises | 3,721 | — | — |
| Dividends paid | — | (262,235) | (69,433) |
| Repurchase of common stock under share repurchase program | (31,674) | — | — |
| Proceeds from initial public offering, net | — | 314,719 | — |
| Payment of offering costs | — | (9,061) | — |
| Repurchase of shares and shares withheld for taxes | (560) | (849) | (292) |
| Settlement of derivative instrument, net | 11,925 | 8,601 | 147 |
| Principal payments on finance lease liabilities | (1,615) | (1,526) | — |
| Other | (438) | — | — |
| Net cash used in financing activities | (76,630) | (17,044) | (40,218) |
| Effect of exchange rate changes on cash and cash equivalents | (7,111) | 2,067 | (4,496) |
| Net change in cash and cash equivalents | (29,988) | 67,823 | 14,217 |
| Cash and cash equivalents at beginning of period | 179,955 | 112,132 | 97,915 |
| Cash and cash equivalents at end of period | $149,967 | $179,955 | $112,132 |
| Supplemental disclosures of cash flow information: | |||
| Interest paid on debt | $75,409 | $79,133 | $62,157 |
| Income taxes paid, net | $48,201 | $22,480 | $31,168 |
| Supplemental disclosure of noncash investing activities: | |||
| Noncash capital expenditures | $3,787 | $5,276 | $6,414 |
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