Company: HFFG
Filing Date: 2025-03-17
Form Type: 10-K
Source: 0001680873-25-000006
Chunk: 17

Company: HF Foods Group Inc.
Filing Date: 2025-03-17
Form: 10-K
Item: Item 7A
Chunk 17
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COME TAXES(46,137)(2,621)4 Income tax expense (benefit)1,965 41 (231)NET (LOSS) INCOME AND COMPREHENSIVE (LOSS) INCOME(48,102)(2,662)235 Less: net income (loss) attributable to noncontrolling interests409 (488)(225)NET (LOSS) INCOME AND COMPREHENSIVE (LOSS) INCOME ATTRIBUTABLE TO HF FOODS GROUP INC.$(48,511)$(2,174)$460 (LOSS) EARNINGS PER COMMON SHARE - BASIC$(0.92)$(0.04)$0.01 (LOSS) EARNINGS PER COMMON SHARE - DILUTED$(0.92)$(0.04)$0.01 WEIGHTED AVERAGE SHARES - BASIC52,552,490 53,878,237 53,757,162 WEIGHTED AVERAGE SHARES - DILUTED52,552,490 53,878,237 53,863,448 

The accompanying notes are an integral part of these consolidated financial statements.37

HF Foods Group Inc. and SubsidiariesConsolidated Statements of Cash Flows(In thousands)

Year Ended December 31,202420232022Cash flows from operating activities:Net (loss) income$(48,102)$(2,662)$235 Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:Depreciation and amortization expense26,677 25,918 24,936 Treasury stock received via legal settlement— (7,750)— Goodwill impairment charges46,303 — — Other asset impairment charges— 1,200 422 Gain from disposal of property and equipment(12)(362)(1,327)(Credit) provision for expected credit losses(103)701 82 Deferred tax expense (benefit)364 (5,415)(5,012)Change in fair value of interest rate swap contracts(1,693)1,580 817 Stock-based compensation2,088 3,352 1,257 Non-cash lease expense3,992 4,033 4,442 Lease guarantee (income) expense(5,548)(377)5,744 Other non-cash expense (income)1,169 493 (266)Changes in operating