MasterBrand Inc
For the period ended Mar 31, 2024. Filed May 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.
Mar 31, 2024 · Filed May 8, 2024
MBC$6.66-6.2%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
| 13 Weeks Ended | ||
|---|---|---|
| (U.S. Dollars presented in millions) | March 31,2024 | March 26,2023 |
| OPERATING ACTIVITIES | ||
| Net income | $37.5 | $35.0 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation | 12.2 | 11.3 |
| Amortization of intangibles | 3.7 | 4.0 |
| Restructuring charges, net of cash payments | (0.8) | (10.4) |
| Amortization of finance fees | 0.5 | 0.5 |
| Stock-based compensation | 4.3 | 4.9 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (21.7) | 14.1 |
| Inventories | 1.6 | 23.3 |
| Other current assets | 1.3 | (2.0) |
| Accounts payable | 10.2 | (16.9) |
| Accrued expenses and other current liabilities | (29.6) | (14.6) |
| Other items | (0.5) | 12.9 |
| NET CASH PROVIDED BY OPERATING ACTIVITIES | 18.7 | 62.1 |
| INVESTING ACTIVITIES | ||
| Capital expenditures(a) | (7.0) | (2.9) |
| Proceeds from the disposition of assets | — | 0.2 |
| NET CASH USED IN INVESTING ACTIVITIES | (7.0) | (2.7) |
| FINANCING ACTIVITIES | ||
| Issuance of long-term and short-term debt | — | 40.0 |
| Repayments of long-term and short-term debt | — | (79.6) |
| Repurchase of common stock | (1.6) | — |
| Payments of employee taxes withheld from share-based awards | (4.9) | (2.8) |
| Other items | (0.6) | (0.3) |
| NET CASH USED IN FINANCING ACTIVITIES | (7.1) | (42.7) |
| Effect of foreign exchange rate changes on cash and cash equivalents | 0.4 | (1.5) |
| NET INCREASE IN CASH AND CASH EQUIVALENTS | $5.0 | $15.2 |
| Cash and cash equivalents at beginning of period | $148.7 | $101.1 |
| Cash and cash equivalents at end of period | $153.7 | $116.3 |
(a)Capital expenditures of $4.1 million and $2.0 million that have not been paid as of March 31, 2024 and March 26, 2023, respectively, were excluded from the condensed consolidated statements of cash flows.
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