Company: CHEF
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0001628280-25-036589
Chunk: 11

Company: Chefs' Warehouse, Inc.
Filing Date: 2025-07-30
Form: 10-Q
Item: Item 1
Chunk 11
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 STATEMENTS OF CASH FLOWS

(Unaudited)

(Amounts in thousands)

Twenty-Six Weeks EndedJune 27, 2025June 28, 2024Cash flows from operating activities:  Net income $31,529 $17,455 Adjustments to reconcile net income to net cash provided by operating activities:  Depreciation and amortization25,332 18,771 Amortization of intangible assets12,103 12,342 Provision for allowance for credit losses6,603 6,097 Provision for deferred income taxes1,111 3,003 Loss on debt extinguishment— 366 Stock compensation9,629 8,754 Change in fair value of contingent earn-out liabilities— (615)Non-cash interest and other operating activities3,552 2,747 Changes in assets and liabilities, net of acquisitions:  Accounts receivable9,279 4,269 Inventories(51,410)(25,431)Prepaid expenses and other current assets2,000 (3,368)Accounts payable, accrued liabilities and accrued compensation14,685 17,812 Other assets and liabilities(344)(1,976)Net cash provided by operating activities64,069 60,226 Cash flows from investing activities:  Capital expenditures(22,325)(33,123)Cash paid for acquisitions, net of cash acquired— (315)Net cash used in investing activities(22,325)(33,438)Cash flows from financing activities:  Payment of debt and other financing obligations(11,500)(14,500)Payment of finance leases(6,506)(3,839)Common stock repurchases(10,003)(10,004)Surrender of shares to pay withholding taxes(11,636)(7,283)Cash paid for contingent earn-out liability— (3,550)Borrowings under asset-based loan and revolving credit facilities— 813 Payments under asset-based loan facility (20,000)— Net cash used in financing activities(59,645)(38,363)Effect of foreign currency on cash and cash equivalents112 37 Net change in cash and cash equivalents(17,789)(11,538)Cash and cash equivalents-beginning of period114,655 49,878 Cash and cash equivalents-end of period$96,866 $38,340 

See accompanying notes to