CRACKER BARREL OLD COUNTRY STORE INC
For the period ended Apr 26, 2024. Filed May 30, 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.
Apr 26, 2024 · Filed May 30, 2024
CBRL$65.11-2.7%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
CASH FLOWS
| Nine Months Ended | ||
|---|---|---|
| April 26, | April 28, | |
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net income | $22,791 | $61,588 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 82,765 | 76,805 |
| Amortization of debt issuance costs | 1,312 | 1,296 |
| Loss on disposition of property and equipment | 8,860 | 4,793 |
| Impairment | 17,448 | 11,692 |
| Goodwill impairment | 4,690 | — |
| Share-based compensation | 9,189 | 7,585 |
| Noncash lease expense | 45,050 | 44,727 |
| Amortization of asset recognized from gain on sale and leaseback transactions | 9,551 | 9,551 |
| Changes in assets and liabilities: | ||
| Inventories | 14,086 | 28,436 |
| Other current assets | (22,939) | (5,490) |
| Accounts payable | (27,812) | (37,839) |
| Taxes withheld and accrued | (5,141) | (26,624) |
| Other current liabilities | (9,930) | 11,981 |
| Long-term operating lease liabilities | (49,914) | (36,508) |
| Other long-term assets and liabilities | (550) | (757) |
| Net cash provided by operating activities | 99,456 | 151,236 |
| Cash flows from investing activities: | ||
| Purchase of property and equipment | (80,825) | (87,623) |
| Proceeds from insurance recoveries of property and equipment | 744 | 725 |
| Proceeds from sale of property and equipment | 131 | 250 |
| Net cash used in investing activities | (79,950) | (86,648) |
| Cash flows from financing activities: | ||
| Proceeds from issuance of long-term debt | 326,500 | 120,000 |
| Principal payments under long-term debt | (270,500) | (100,049) |
| Taxes withheld from issuance of share-based compensation awards | (1,597) | (2,400) |
| Purchases and retirement of common stock | — | (17,449) |
| Dividends on common stock | (87,204) | (87,343) |
| Net cash used in financing activities | (32,801) | (87,241) |
| Net decrease in cash and cash equivalents | (13,295) | (22,653) |
| Cash and cash equivalents, beginning of period | 25,147 | 45,105 |
| Cash and cash equivalents, end of period | $11,852 | $22,452 |
| Supplemental disclosures of cash flow information: | ||
| Cash paid during the period for: | ||
| Interest, net of amounts capitalized | $12,329 | $9,323 |
| Income taxes | $7,473 | $4,798 |
| Supplemental schedule of non-cash investing and financing activities*: | ||
| Capital expenditures accrued in accounts payable | $7,515 | $3,867 |
| Dividends declared but not yet paid | $30,668 | $30,048 |
*See Note 8 for additional supplemental disclosures related to leases.
Index
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