MasterBrand Inc
For the period ended Jun 30, 2024. Filed Aug 7, 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.
Jun 30, 2024 · Filed Aug 7, 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
| 26 Weeks Ended | ||
|---|---|---|
| (U.S. Dollars presented in millions) | June 30,2024 | June 25,2023 |
| OPERATING ACTIVITIES | ||
| Net income | $82.8 | $86.2 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation | 25.7 | 23.0 |
| Amortization of intangibles | 7.4 | 8.0 |
| Restructuring charges, net of cash payments | 0.1 | (12.1) |
| Write-off and amortization of finance fees | 7.5 | 1.0 |
| Stock-based compensation | 11.1 | 8.9 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (11.2) | 58.6 |
| Inventories | (20.7) | 54.0 |
| Other current assets | (9.1) | 4.1 |
| Accounts payable | 21.8 | (39.6) |
| Accrued expenses and other current liabilities | (22.9) | (1.7) |
| Other items | 3.6 | 3.6 |
| NET CASH PROVIDED BY OPERATING ACTIVITIES | 96.1 | 194.0 |
| INVESTING ACTIVITIES | ||
| Capital expenditures(a) | (18.3) | (11.4) |
| Proceeds from the disposition of assets | 6.4 | 0.2 |
| NET CASH USED IN INVESTING ACTIVITIES | (11.9) | (11.2) |
| FINANCING ACTIVITIES | ||
| Proceeds from revolving credit facility borrowings | — | 55.0 |
| Issuance of Senior Notes | 700.0 | — |
| Repayment of revolving credit facility borrowings | — | (210.0) |
| Repayment of term loan | (712.5) | (9.4) |
| Payment of financing fees | (15.2) | — |
| Repurchase of common stock | (6.5) | (4.1) |
| Payments of employee taxes withheld from share-based awards | (5.1) | (2.9) |
| Other items | (1.0) | (0.6) |
| NET CASH USED IN FINANCING ACTIVITIES | (40.3) | (172.0) |
| Effect of foreign exchange rate changes on cash and cash equivalents | (3.2) | (1.7) |
| NET INCREASE IN CASH AND CASH EQUIVALENTS | $40.7 | $9.1 |
| Cash and cash equivalents at beginning of period | $148.7 | $101.1 |
| Cash and cash equivalents at end of period | $189.4 | $110.2 |
(a)Capital expenditures of $3.2 million and $3.0 million that have not been paid as of June 30, 2024 and June 25, 2023, respectively, were excluded from the condensed consolidated statements of cash flows.
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