Chefs' Warehouse, Inc.
For the period ended Sep 26, 2025. Filed Oct 29, 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.
Sep 26, 2025 · Filed Oct 29, 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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Condensed Consolidated Statements of Cash Flows
(Amounts in thousands)
| Thirty-Nine Weeks Ended | ||
|---|---|---|
| September 26, 2025 | September 27, 2024 | |
| Cash flows from operating activities: | ||
| Net income | $50,677 | $31,553 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 39,045 | 29,361 |
| Amortization of intangible assets | 18,187 | 18,216 |
| Provision for allowance for credit losses | 9,610 | 8,228 |
| Provision for deferred income taxes | 4,914 | 5,416 |
| Loss on debt extinguishment | — | 512 |
| Stock compensation | 14,551 | 13,177 |
| Change in fair value of contingent earn-out liabilities | — | (683) |
| Non-cash interest and other operating activities | 5,345 | 3,233 |
| Changes in assets and liabilities, net of acquisitions: | ||
| Accounts receivable | 11,327 | (8,708) |
| Inventories | (70,137) | (51,786) |
| Prepaid expenses and other current assets | (1,085) | (5,899) |
| Accounts payable, accrued liabilities and accrued compensation | (26,825) | 40,938 |
| Other assets and liabilities | (257) | (3,501) |
| Net cash provided by operating activities | 55,352 | 80,057 |
| Cash flows from investing activities: | ||
| Capital expenditures | (33,340) | (41,131) |
| Cash paid for acquisitions, net of cash acquired | — | (315) |
| Net cash used in investing activities | (33,340) | (41,446) |
| Cash flows from financing activities: | ||
| Payment of debt and other financing obligations | (12,250) | (18,500) |
| Payment of finance leases | (11,843) | (5,001) |
| Common stock repurchases | (15,005) | (10,004) |
| Payment of deferred financing fees | (658) | — |
| Proceeds from exercise of stock options | — | 55 |
| Surrender of shares to pay withholding taxes | (11,833) | (7,377) |
| Cash paid for contingent earn-out liability | — | (3,800) |
| Borrowings under asset-based loan and revolving credit facilities | — | 6,801 |
| Payments under asset-based loan facility | (20,000) | — |
| Net cash used in financing activities | (71,589) | (37,826) |
| Effect of foreign currency on cash and cash equivalents | (17) | 42 |
| Net change in cash and cash equivalents | (49,594) | 827 |
| Cash and cash equivalents-beginning of period | 114,655 | 49,878 |
| Cash and cash equivalents-end of period | $65,061 | $50,705 |
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