Vestis Corp
For the period ended Dec 29, 2023. Filed Feb 9, 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.
Dec 29, 2023 · Filed Feb 9, 2024
VSTS$14.37-0.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated and Combined Statements of Cash Flows
CONSOLIDATED AND COMBINED STATEMENTS OF CASH FLOWS (UNAUDITED)
| Three months ended | ||
|---|---|---|
| December 29,2023 | December 30,2022 | |
| Cash flows from operating activities: | ||
| Net Income | $12,266 | $33,468 |
| Adjustments to reconcile Net Income to Net cash provided by operating activities: | ||
| Depreciation and amortization | 35,362 | 33,887 |
| Deferred income taxes | (2,576) | 196 |
| Share-based compensation expense | 4,716 | 4,496 |
| Asset write-down | — | 5,120 |
| Changes in operating assets and liabilities: | ||
| Receivables, net | (9,462) | (14,937) |
| Inventories, net | 25,054 | (18,336) |
| Rental merchandise in service, net | (118) | (3,860) |
| Other current assets | (8,170) | 4,226 |
| Accounts payable | (4,758) | 2,001 |
| Accrued expenses | 9,503 | (35,220) |
| Changes in other noncurrent liabilities | (7,350) | 38 |
| Changes in other assets | (3,920) | (3,467) |
| Other operating activities | 958 | 361 |
| Net cash provided by operating activities | 51,505 | 7,973 |
| Cash flows from investing activities: | ||
| Purchases of property and equipment and other | (16,949) | (13,655) |
| Disposals of property and equipment | — | 719 |
| Net cash used in investing activities | (16,949) | (12,936) |
| Cash flows from financing activities: | ||
| Payments of long-term borrowings | (8,750) | — |
| Payments of financing lease obligations | (7,612) | (6,889) |
| Net cash distributions (to) from Parent | (3,573) | 4,580 |
| Other financing activities | (1,710) | — |
| Net cash used in financing activities | (21,645) | (2,309) |
| Effect of foreign exchange rates on cash and cash equivalents | (105) | 359 |
| Increase (decrease) in cash and cash equivalents | 12,806 | (6,913) |
| Cash and cash equivalents, beginning of period | 36,051 | 23,736 |
| Cash and cash equivalents, end of period | $48,857 | $16,823 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.