Company: WW
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029511
Chunk: 294

Company: WW INTERNATIONAL, INC.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 7
Chunk 294
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 in accrued interest was due to the timing of payments. The decrease in prepaid income taxes was primarily due to the timing of tax payments.

Cash Flows

The following table sets forth a summary of our cash flows for the fiscal years ended:

    December 28,

    December 30,

    2024

    2023

    (in millions)

    Net cash (used for) provided by operating activities
     
    $
    (16.8
    )
     
    $
    6.7

    Net cash used for investing activities
     
    $
    (16.4
    )
     
    $
    (74.7
    )

    Net cash used for financing activities
     
    $
    (17.3
    )
     
    $
    (2.7
    )

Operating Activities

Cash flows used for operating activities of $16.8 million for fiscal 2024 reflected a change of $23.5 million from $6.7 million of cash flows provided by operating activities for fiscal 2023. This change in cash flows from operating activities was primarily attributable to an increase in net loss and an increase in cash used for operating assets and liabilities, partially offset by an increase in non-cash add-back adjustments driven by the franchise rights acquired impairments in fiscal 2024 as compared to the prior year.

Investing Activities

Net cash used for investing activities totaled $16.4 million for fiscal 2024, a decrease of $58.3 million as compared to fiscal 2023. This decrease was primarily attributable to a decrease in cash paid for acquisitions, net of cash acquired, and a decrease in capitalized software and website development expenditures in fiscal 2024 as compared to the prior year.

Financing Activities

Net cash used for financing activities totaled $17.3 million for fiscal 2024, an increase of $14.6 million as compared to fiscal 2023. This increase was primarily attributable to an increase in cash paid for acquisitions due to the $16.0 million first anniversary Sequence payment in fiscal 2024 as compared to the prior year.

62

Long-Term Debt

We currently plan to meet our long-term debt obligations by using cash flows provided by operating activities and opportunistically using other means to repay or refinance our obligations as we determine appropriate.

The following schedule sets forth our long-term debt obligations at December 28, 2024:

Long-Term Debt

At December 28, 2024

(in