Vestis Corp
For the period ended Dec 27, 2024. Filed Feb 5, 2025.
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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 27, 2024 · Filed Feb 5, 2025
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 Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
| Three months ended | ||
|---|---|---|
| December 27,2024 | December 29,2023 | |
| Cash flows from operating activities: | ||
| Net Income | $832 | $12,266 |
| Adjustments to reconcile Net Income to Net cash provided by operating activities: | ||
| Depreciation and amortization | 36,936 | 35,362 |
| Deferred income taxes | (3,279) | (2,576) |
| Share-based compensation expense | 5,180 | 4,716 |
| Loss on sale of equity investment, net | 2,150 | — |
| Amortization of debt issuance costs | 846 | 995 |
| Changes in operating assets and liabilities: | ||
| Receivables, net | (12,321) | (9,462) |
| Inventories, net | (4,992) | 25,054 |
| Rental merchandise in service, net | (1,321) | (118) |
| Other current assets | (17,190) | (8,170) |
| Accounts payable | 2,773 | (4,758) |
| Accrued expenses | 2,531 | 9,503 |
| Changes in other liabilities | (6,708) | (7,350) |
| Changes in other assets | (482) | (3,920) |
| Other operating activities | (1,175) | (37) |
| Net cash provided by operating activities | 3,780 | 51,505 |
| Cash flows from investing activities: | ||
| Purchases of property and equipment and other | (14,732) | (16,949) |
| Proceeds from disposals of property and equipment | 344 | — |
| Proceeds from sale of equity investment | 36,792 | — |
| Other investing activities | (4,550) | — |
| Net cash provided by (used in) investing activities | 17,854 | (16,949) |
| Cash flows from financing activities: | ||
| Payments of long-term borrowings | (20,000) | (8,750) |
| Payments of financing lease obligations | (8,303) | (7,612) |
| Net cash distributions to Parent | — | (3,573) |
| Dividend payments | (4,601) | — |
| Other financing activities | (1,706) | (1,710) |
| Net cash used in financing activities | (34,610) | (21,645) |
| Effect of foreign exchange rates on cash and cash equivalents | 530 | (105) |
| (Decrease) increase in cash and cash equivalents | (12,446) | 12,806 |
| Cash and cash equivalents, beginning of period | 31,010 | 36,051 |
| Cash and cash equivalents, end of period | $18,564 | $48,857 |
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