Company: SBH
Filing Date: 2025-11-13
Form Type: 10-K
Source: 0001193125-25-280122
Chunk: 22

Company: Sally Beauty Holdings, Inc.
Filing Date: 2025-11-13
Form: 10-K
Item: Item 6
Chunk 22
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 (in thousands): 

     Fiscal Year Ended September 30,

     2025

     2024

     Change

     Net cash provided by operating activities
      
     $
     274,831

     $
     246,528

     $
     28,303

     Net cash used by investing activities

     (58,284
     )

     (108,910
     )

     50,626

     Net cash used by financing activities

     (178,423
     )

     (153,734
     )

     (24,689
     )

     Effect of foreign currency exchange rate changes on cash and cash equivalents

     3,077

     1,076

     2,001

     Net increase (decrease) in cash and cash equivalents
      
     $
     41,201

     $
     (15,040
     )
      
     $
     56,241

    Operating ActivitiesThe increase in net cash provided by operating activities for fiscal year 2025, compared to fiscal year 2024, was primarily driven by increased net earnings, lower inventory purchases and lower interest paid on our debt, partially offset by the timing of accounts payable and income tax payments, and lower cash receipts from customers.Investing ActivitiesThe decrease in net cash used by investing activities for fiscal year 2025, compared to fiscal year 2024, was primarily the result of receiving $43.6 million from the sale of our corporate headquarters, a decrease in cash used for acquisitions by $4.9 million, and receiving $3.1 million related to the divesture of our operations in Spain.Financing ActivitiesNet cash used by financing activities increased primarily due to the higher net paydown of our long-term debt in the current year compared to the prior year, partially offset by lower costs for debt issuance and fewer shares repurchased in the current year under our share repurchase program.Debt and Guarantor Financial InformationAt September 30, 2025, we had $875.0 million in outstanding debt, excluding finance lease obligations, unamortized debt issuance costs and discounts, in the aggregate, of $9.0 million. Our debt consists of $600.0 million in 2032 Senior Notes outstanding and $275.0 million remaining on our term loan B. At September 30, 2025, there were no outstanding borrowings under our ABL facility. We utilize our ABL facility for the issuance of