Company: UTZ
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001628280-25-047281
Chunk: 34

Company: Utz Brands, Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 34
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 (44.0)(Gain) loss on remeasurement of warrant liability (22.8)5.3 Loss (gain) on sale of assets0.7 (0.4)Loss on debt extinguishment0.5 1.3 Share-based compensation12.4 13.8 Deferred taxes6.1 4.1 Deferred financing costs1.0 2.8 Changes in assets and liabilities:Accounts receivable, net(13.4)(6.3)Inventories(11.5)(4.8)Prepaid expenses and other assets2.5 (23.7)Accounts payable and accrued expenses and other15.2 21.9 Net cash provided by operating activities47.3 52.0 Cash flows from investing activitiesPurchases of property and equipment(89.2)(60.9)Purchases of intangibles— (9.2)Proceeds from sale of property and equipment0.9 26.1 Proceeds from sale of business— 167.5 Proceeds from sale of routes17.7 19.6 Proceeds from the sale of IO notes5.4 3.6 Purchases of IO routes and other changes in note receivables(30.0)(30.6)Net cash (used in) provided by investing activities(95.2)116.1 Cash flows from financing activitiesBorrowings on line of credit177.0 92.0 Repayments on line of credit(156.5)(69.6)Borrowings on term debt and notes payable81.4 25.3 Repayments on term debt and notes payable(19.7)(170.0)Payment of debt issuance cost(1.7)(0.7)Payments of tax withholding requirements for employee stock awards(2.2)(1.4)Dividends paid(16.9)(15.9)Distribution to noncontrolling interest(11.9)(14.9)Net cash provided by (used in) financing activities49.5 (155.2)Net increase in cash and cash equivalents1.6 12.9 Cash and cash equivalents at beginning of period56.1 52.0 Cash and cash equivalents at end of period$57.7 $64.9 

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

5

Utz Brands,