Centuri Holdings Inc
For the period ended Dec 29, 2024. Filed Feb 26, 2025.
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FY2024 · Filed Feb 26, 2025
CTRI$22.560.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Centuri Holdings, Inc. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
| Fiscal Year Ended | |||
|---|---|---|---|
| December 29,2024 | December 31,2023 | January 1,2023 | |
| Cash flows from operating activities: | |||
| Net loss | $(6,822) | $(184,506) | $(164,986) |
| Adjustments to reconcile net loss to net cash provided by operating activities | |||
| Depreciation | 108,703 | 118,776 | 125,594 |
| Amortization of intangible assets | 26,642 | 26,670 | 29,759 |
| Amortization of debt issuance costs | 5,306 | 4,482 | 4,894 |
| Loss on debt extinguishment | 1,726 | — | — |
| Goodwill impairment | — | 213,992 | 177,086 |
| Non-cash stock-based compensation expense | 2,231 | 1,851 | 1,652 |
| Gain on sale of equipment | (3,634) | (4,547) | (6,362) |
| Amortization of right-of-use assets | 20,682 | 17,373 | 14,465 |
| Deferred income taxes | (5,099) | (7,827) | (7,138) |
| Other non-cash items | 841 | — | — |
| Changes in assets and liabilities, net of non-cash transactions | |||
| Accounts receivable, net and contract assets | 57,051 | 12,490 | (122,410) |
| Accounts receivable and contract assets, related party | 3,195 | 3,314 | (2,874) |
| Prepaid expenses and other assets | (5,664) | (2,446) | (8,952) |
| Accounts payable | 7,569 | (26,755) | 49,493 |
| Income tax assets and liabilities | (620) | 3,084 | 4,856 |
| Payments made on operating lease liabilities | (26,451) | (21,908) | (16,725) |
| Contract liabilities | (18,619) | 7,874 | 23,992 |
| Accrued expenses and other liabilities | (8,807) | 5,548 | (7,718) |
| Net cash provided by operating activities | 158,230 | 167,465 | 94,626 |
| Cash flows from investing activities: | |||
| Capital expenditures | (99,333) | (106,650) | (129,587) |
| Proceeds from sale of property and equipment | 9,958 | 11,800 | 12,526 |
| Net cash used in investing activities | (89,375) | (94,850) | (117,061) |
| Cash flows from financing activities: | |||
| Proceeds from initial public offering and private placement, net of offering costs paid | 327,667 | — | — |
| Proceeds from line of credit borrowings | 353,769 | 197,101 | 76,132 |
| Payment of line of credit borrowings | (310,740) | (203,771) | (91,496) |
| Proceeds from long-term debt borrowings, net | — | — | 100,009 |
| Principal payments on long-term debt | (318,668) | (44,557) | (133,418) |
| Principal payments on finance lease liabilities | (11,293) | (12,113) | (11,985) |
| Capital contribution - from related party - parent | — | — | 89,649 |
| Redemption of redeemable noncontrolling interest | (92,916) | (39,894) | (39,649) |
| Dividend payments to related party - parent | — | — | (15,000) |
| Other | (438) | (213) | (1,693) |
| Net cash used in financing activities | (52,619) | (103,447) | (27,451) |
| Effects of foreign exchange translation | (624) | 273 | (854) |
| Net increase (decrease) in cash and cash equivalents | 15,612 | (30,559) | (50,740) |
| Cash and cash equivalents, beginning of period | 33,407 | 63,966 | 114,706 |
| Cash and cash equivalents, end of period | $49,019 | $33,407 | $63,966 |
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