Chefs Warehouse Inc
For the period ended Dec 27, 2024. Filed Feb 25, 2025.
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FY2024 · Filed Feb 25, 2025
CHEF$108.18+0.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Amounts in thousands)
| Fiscal Years Ended | |||
|---|---|---|---|
| December 27,2024 | December 29,2023 | December 30,2022 | |
| Cash flows from operating activities: | |||
| Net income | $55,479 | $34,590 | $27,750 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 40,562 | 32,887 | 24,332 |
| Amortization of intangible assets | 24,372 | 22,719 | 13,913 |
| Provision for allowance for credit losses | 11,982 | 8,078 | 6,048 |
| Provision for deferred income taxes | 1,464 | 8,114 | 9,601 |
| Loss on debt extinguishment | 685 | — | 14,287 |
| Stock compensation | 17,778 | 20,042 | 13,602 |
| Change in fair value of contingent earn-out liabilities | (3,266) | 3,081 | 8,505 |
| Intangible asset impairment | — | 1,838 | — |
| Non-cash interest and other operating activities | 5,459 | 5,456 | 3,037 |
| Changes in assets and liabilities, net of acquisitions: | |||
| Accounts receivable | (44,812) | (48,813) | (48,229) |
| Inventories | (32,205) | (28,759) | (49,931) |
| Prepaid expenses and other current assets | (6,036) | (7,234) | (17,603) |
| Accounts payable, accrued liabilities and accrued compensation | 87,312 | 19,598 | 19,163 |
| Other assets and liabilities | (5,713) | (9,958) | (1,341) |
| Net cash provided by operating activities | 153,061 | 61,639 | 23,134 |
| Cash flows from investing activities: | |||
| Capital expenditures | (49,506) | (57,427) | (45,848) |
| Cash paid for acquisitions, net of cash acquired | (315) | (121,884) | (186,175) |
| Net cash used in investing activities | (49,821) | (179,311) | (232,023) |
| Cash flows from financing activities: | |||
| Payment of debt and other financing obligations | (22,995) | (29,000) | (327,741) |
| Payment of finance leases | (7,057) | (4,327) | (3,332) |
| Proceeds from debt issuance | — | — | 587,500 |
| Payment of deferred financing fees | — | (1,739) | (19,039) |
| Common stock repurchases | (17,393) | — | — |
| Proceeds from exercise of stock options | 175 | 55 | 69 |
| Surrender of shares to pay withholding taxes | (7,412) | (2,134) | (2,674) |
| Cash paid for contingent earn-out liabilities | (3,800) | (11,625) | (3,788) |
| Borrowings under asset-based loan and revolving credit facilities | 46,430 | 60,000 | 42,220 |
| Payments under asset-based loan and revolving credit facilities | (26,430) | (2,220) | (20,000) |
| Net cash (used in) provided by financing activities | (38,482) | 9,010 | 253,215 |
| Effect of foreign currency on cash and cash equivalents | 19 | (260) | (681) |
| Net change in cash and cash equivalents | 64,777 | (108,922) | 43,645 |
| Cash and cash equivalents at beginning of year | 49,878 | 158,800 | 115,155 |
| Cash and cash equivalents at end of year | $114,655 | $49,878 | $158,800 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.