Arhaus Inc
For the period ended Dec 31, 2024. Filed Feb 26, 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.
FY2024 · Filed Feb 26, 2025
ARHS$14.89-0.9%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
| Year Ended | |||
|---|---|---|---|
| December 31, | |||
| 2024 | 2023 | 2022 | |
| Cash flows from operating activities | |||
| Net income | $68,550 | $125,239 | $136,634 |
| Adjustments to reconcile net income to net cash provided by operating activities | |||
| Depreciation and amortization | 39,086 | 29,442 | 24,901 |
| Amortization of operating lease right-of-use asset | 36,937 | 33,306 | 29,052 |
| Amortization of deferred financing fees, interest on finance lease in excess of principal paid and interest on operating leases | 26,728 | 22,075 | 12,649 |
| Equity based compensation | 7,640 | 7,909 | 4,288 |
| Deferred tax assets | (1,964) | (2,286) | 9,771 |
| Gain on sale of property, furniture and equipment | (1,202) | — | — |
| Amortization of cloud computing arrangements | 1,625 | 698 | — |
| Amortization and write-off of lease incentives | (80) | (321) | (304) |
| Insurance proceeds | — | 60 | — |
| Changes in operating assets and liabilities | |||
| Accounts receivable | 1,142 | (660) | (1,506) |
| Merchandise inventory | (42,718) | 32,067 | (78,076) |
| Prepaid and other assets | (2,479) | (11,109) | (7,154) |
| Other noncurrent liabilities | (10) | 388 | 638 |
| Accounts payable | 5,618 | 1,216 | 10,296 |
| Accrued expenses | (921) | (1,540) | 27,746 |
| Operating lease liabilities | (37,908) | (39,020) | (29,131) |
| Client deposits | 47,065 | (28,779) | (62,342) |
| Net cash provided by operating activities | 147,109 | 168,685 | 77,462 |
| Cash flows from investing activities | |||
| Purchases of property, furniture and equipment | (107,370) | (93,441) | (55,666) |
| Proceeds from the sale of property, furniture and equipment | 7,836 | — | — |
| Insurance proceeds | — | 333 | — |
| Net cash used in investing activities | (99,534) | (93,108) | (55,666) |
| Cash flows from financing activities | |||
| Principal payments under finance leases | (927) | (763) | (177) |
| Repurchase of shares for payment of withholding taxes for equity based compensation | (1,769) | (1,036) | — |
| Cash dividend payments | (70,255) | — | — |
| Net cash used in financing activities | (72,951) | (1,799) | (177) |
| Net (decrease) increase in cash, cash equivalents and restricted cash | (25,376) | 73,778 | 21,619 |
| Cash, cash equivalents and restricted cash | |||
| Beginning of year | 226,305 | 152,527 | 130,908 |
| End of year | $200,929 | $226,305 | $152,527 |
Consolidated Statements of Cash Flows (continued)
| Year Ended | |||
|---|---|---|---|
| December 31, | |||
| 2024 | 2023 | 2022 | |
| Supplemental disclosure of cash flow information | |||
| Interest paid in cash | $4,670 | $5,301 | $5,155 |
| Interest received in cash | 9,029 | 8,778 | 1,373 |
| Income taxes paid in cash | 23,770 | 47,132 | 34,943 |
| Noncash investing activities: | |||
| Purchases of property, furniture and equipment in current liabilities | 8,383 | 10,286 | 8,469 |
| Noncash financing activities: | |||
| Adjustment to deferred tax asset impact of Reorganization from partnership to a corporation | — | (1,625) | (1,072) |
| Derecognition of build-to-suit assets as a result of ASC 842 adoption | — | — | (31,017) |
| Capital contributions | 30 | 56 | 80 |
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