MasterBrand Inc
For the period ended Sep 29, 2024. Filed Nov 6, 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 29, 2024 · Filed Nov 6, 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
| 39 Weeks Ended | ||
|---|---|---|
| (U.S. Dollars presented in millions) | September 29,2024 | September 24,2023 |
| OPERATING ACTIVITIES | ||
| Net income | $111.9 | $145.9 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation | 39.5 | 34.9 |
| Amortization of intangibles | 13.7 | 11.6 |
| Restructuring charges, net of cash payments | 4.3 | (13.9) |
| Write-off and amortization of finance fees | 8.2 | 1.7 |
| Stock-based compensation | 16.8 | 13.2 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (2.3) | 60.1 |
| Inventories | (32.5) | 103.9 |
| Other current assets | (1.8) | 6.9 |
| Accounts payable | 18.0 | (42.8) |
| Accrued expenses and other current liabilities | (3.5) | 9.2 |
| Other items | 4.6 | 5.8 |
| NET CASH PROVIDED BY OPERATING ACTIVITIES | 176.9 | 336.5 |
| INVESTING ACTIVITIES | ||
| Capital expenditures(a) | (34.6) | (21.4) |
| Proceeds from the disposition of assets | 8.4 | 0.3 |
| Acquisition of business, net of cash acquired | (515.7) | — |
| NET CASH USED IN INVESTING ACTIVITIES | (541.9) | (21.1) |
| FINANCING ACTIVITIES | ||
| Proceeds from revolving credit facility borrowings | 430.0 | 55.0 |
| Issuance of Senior Notes | 700.0 | — |
| Repayment of revolving credit facility borrowings | (55.0) | (290.0) |
| Repayment of term loan | (712.5) | (37.5) |
| Payment of financing fees | (17.8) | — |
| Repurchase of common stock | (6.5) | (15.6) |
| Payments of employee taxes withheld from share-based awards | (5.3) | (3.0) |
| Other items | (1.6) | (1.0) |
| NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES | 331.3 | (292.1) |
| Effect of foreign exchange rate changes on cash and cash equivalents | (5.6) | (1.9) |
| NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH | $(39.3) | $21.4 |
| Cash, cash equivalents, and restricted cash at beginning of period | $148.7 | $101.1 |
| Cash, cash equivalents, and restricted cash at end of period | $109.4 | $122.5 |
| Cash and cash equivalents | $108.4 | $122.5 |
| Restricted cash included in other assets | 1.0 | — |
| Total cash, cash equivalents and restricted cash | $109.4 | $122.5 |
(a)Capital expenditures of $2.4 million and $3.7 million that have not been paid as of September 29, 2024 and September 24, 2023, respectively, were excluded from the condensed consolidated statements of cash flows.
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