Company: UTZ
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001739566-25-000153
Chunk: 13

Company: Utz Brands, Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 1
Chunk 13
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 $725.5 $652.1 $1,377.6 Share-based compensation83,501 — — 2.7 — — 2.7 — 2.7 Net income (loss)— — — 10.5 — 10.5 (0.4)10.1 Cash dividends declared— — — (5.2)— (5.2)— (5.2)Distribution to noncontrolling interest— — — — — — (3.5)(3.5)Other comprehensive loss— — — — (2.3)(2.3)(1.5)(3.8)Balance at June 29, 202586,145,254 $— 55,349,000 $— $1,017.2 $(298.4)$12.4 $731.2 $646.7 $1,377.9 

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

4

Utz Brands, Inc.

CONSOLIDATED STATEMENTS OF CASH FLOWS

For the thirteen weeks ended June 29, 2025 and June 30, 2024

(In millions)

(Unaudited)Twenty-six weeks ended June 29, 2025Twenty-six weeks ended June 30, 2024Cash flows from operating activitiesNet income$15.8 $27.8 Adjustments to reconcile net income to net cash used in operating activities:Impairment and other charges0.6 — Depreciation and amortization40.0 35.9 Gain on sale of business— (44.0)Gain on remeasurement of warrant liability (23.5)(1.1)Loss (gain) on sale of assets0.2 (1.9)Loss on debt extinguishment0.5 1.3 Share-based compensation7.0 9.2 Deferred taxes(1.1)6.4 Deferred financing costs0.7 2.5 Changes in assets and liabilities:Accounts receivable, net(41.4)(9.6)Inventories(24.2)(4.0)Prepaid expenses and other assets(17.5)(15.1)Accounts payable and accrued expenses and other39.0 (7.6)