Company: CELH
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001341766-25-000104
Chunk: 5

Company: Celsius Holdings, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 5
---
(6,838)(6,838)— — Foreign currency translation—— —(308)— (308)— — Net income—— —— 79,783 79,783 — — Balance at June 30, 2024233,344$78 $286,173 $(2,363)$131,866 $415,754 1,467 $824,488 

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

7

Celsius Holdings, Inc.

Condensed Consolidated Statements of Cash Flows

(In thousands)

(Unaudited)

Six Months Ended June 30,20252024Cash flows from operating activities:Net income$144,274 $157,594 Adjustments to reconcile net income to net cash provided by operating activities:Depreciation and amortization11,730 2,648 Allowance for credit losses[1]5,529 4,072 Amortization of deferred other costs[2]7,062 7,062 Inventory excess and obsolescence15,262 11,554 Stock-based compensation expense11,463 8,309 Deferred income taxes-net(4,161)6,112 Change in fair value of contingent consideration13,800 — Other operating activities (257)664 Changes in operating assets and liabilities:Accounts and note receivable-net[3](143,153)(82,213)Inventories23,039 37,052 Prepaid expenses and other current assets(20,645)(3,469)Other long-term assets742 (6,362)Accounts payable[4]20,789 3,950 Accrued expenses[5](7,013)17,512 Income taxes payable10,928 (44,978)Accrued promotional allowance[6]64,221 56,692 Other current liabilities1,999 2,884 Deferred revenue[7](7,320)(4,757)Other long-term liabilities(1,210)(34)Net cash provided by operating activities$147,079 $174,292 Cash flows from investing activities:Purchase of property, plant and equipment[8](15,194)(13,739)Purchase of non-marketable equity securities(5,000)— Acquisition of Alani Nutrition LLC, net of cash acquired(1,256,351)— Net cash used in