Company: SPWH
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0000950170-25-048890
Chunk: 635

Company: SPORTSMAN'S WAREHOUSE HOLDINGS, INC.
Filing Date: 2025-04-02
Form: 10-K
Item: Item 7A
Chunk 635
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,

    January 28,

    2025

    2024

    2023

    Cash flows from operating activities:

    Net (loss) income
     
    $
    (33,059
    )
     
    $
    (28,997
    )
     
    $
    40,518

    Adjustments to reconcile net (loss) income to net cash provided by operating activities:

    Depreciation of property and equipment

    40,438

    38,947

    31,710

    Amortization of discount on debt and deferred financing fees

    353

    154

    184

    Amortization of definite lived intangible

    60

    62

    66

    Loss on asset dispositions

    612

    —

    —

    Noncash lease expense

    8,320

    17,099

    28,582

    Deferred income taxes

    1,451

    (10,049
    )

    3,765

    Stock-based compensation

    4,229

    4,237

    4,673

    Change in operating assets and liabilities, net of amounts acquired:

    Accounts receivable, net

    (290
    )

    (67
    )

    (116
    )

    Operating lease liabilities

    (14,585
    )

    (8,134
    )

    (25,336
    )

    Merchandise inventories

    12,752

    44,418

    (12,568
    )

    Prepaid expenses and other

    1,124

    2,093

    (46
    )

    Accounts payable

    7,996

    1,786

    (1,509
    )

    Accrued expenses

    4,680

    (8,477
    )

    (14,561
    )

    Income taxes payable and receivable

    68

    (806
    )

    (8,568
    )

    Net cash provided by operating activities

    34,149

    52,266

    46,794

    Cash flows from investing activities:

    Purchase of property and equipment

    (14,556
    )

    (79,895
    )

    (63,511
    )

    Proceeds from