Barnes & Noble Education, Inc.
For the period ended May 3, 2025. Filed Dec 23, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Dec 23, 2025
BNED$13.06-0.9%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 for the years ended
| 53 weeks ended | 52 weeks ended | |
|---|---|---|
| May 3, 2025 | April 27, 2024 | |
| As Restated | ||
| Cash flows from operating activities: | ||
| Net loss | $(65,825) | $(75,749) |
| Less: Loss from discontinued operations, net of tax | — | (730) |
| Loss from continuing operations, net of tax | (65,825) | (75,019) |
| Adjustments to reconcile net loss from continuing operations to net cash flows from operating activities from continuing operations: | ||
| Depreciation and amortization expense | 37,939 | 40,560 |
| Impairment loss (non cash) | 1,713 | 7,166 |
| Loss on debt extinguishment | 55,233 | — |
| Amortization of deferred financing costs | 5,164 | 13,150 |
| Interest expense (paid-in-kind) | — | 2,652 |
| Deferred taxes | (829) | 125 |
| Stock-based compensation expense | 5,386 | 3,380 |
| Changes in operating lease right-of-use assets and liabilities | (4,218) | (1,322) |
| Changes in other long-term assets and liabilities and other, net | 7,072 | (20,997) |
| Changes in other operating assets and liabilities, net: | ||
| Receivables, net | 761 | (6,326) |
| Merchandise inventories | 44,475 | (21,058) |
| Textbook rental inventories | 1,876 | (704) |
| Prepaid expenses and other current assets | 7,096 | 31,593 |
| Accounts payable and accrued liabilities | (181,256) | 25,255 |
| Changes in other operating assets and liabilities, net | (127,048) | 28,760 |
| Net cash flows used in operating activities from continuing operations | (85,413) | (1,545) |
| Net cash flows used in operating activities from discontinued operations | — | (3,577) |
| Net cash flows used in operating activities | $(85,413) | $(5,122) |
| Cash flows from investing activities: | ||
| Purchases of property and equipment | $(12,894) | $(14,070) |
| Proceeds from the sale of fixed assets | 793 | 78 |
| Net cash flows used in investing activities from continuing operations | (12,101) | (13,992) |
| Net cash flows provided by investing activities from discontinued operations | — | 21,395 |
| Net cash flows (used in) provided by investing activities | $(12,101) | $7,403 |
| Cash flows from financing activities: | ||
| Proceeds from borrowings | $887,055 | $563,023 |
| Repayments of borrowings | (948,920) | (552,230) |
| Payment of deferred financing costs | (5,569) | (16,316) |
| Proceeds from Private Equity Investment | 50,000 | — |
| Proceeds from Rights Offering | 45,000 | — |
| Payment of equity issuance costs | (9,914) | — |
| Principal stockholder expense reimbursement | 1,940 | — |
| Payment on principal portion of finance lease | (370) | — |
| Shares sold under at-the-market offering, net of commissions | 78,450 | — |
| Purchase of treasury shares | (5) | (176) |
| Net cash flows provided by (used in) financing activities | $97,667 | $(5,699) |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | $153 | $(3,418) |
| Cash, cash equivalents, and restricted cash at beginning of year | 28,570 | 31,988 |
| Cash, cash equivalents, and restricted cash of continuing operations at end of year | 28,723 | 28,570 |
| Supplemental cash flow information: | ||
|---|---|---|
| Cash paid during the period for: | ||
| Interest paid | $17,912 | $24,943 |
| Income taxes paid (net of refunds) | $2,130 | $(7,293) |
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