Company: CELH
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001341766-25-000024
Chunk: 18

Company: Celsius Holdings, Inc.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 18
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)— — Treasury Stock(12)— (324)— — (324)— — Foreign currency translation—— — (2,549)— (2,549)— — Net income—— — — 145,074 145,074 — — Balance at December 31, 2024235,014$79 $297,579 $(3,250)$105,521 $399,929 1,467 $824,488                            

(1) Forward Stock Split - The accompanying consolidated financial statements and notes thereto have been retrospectively adjusted to reflect the three-for-one stock split. See Note 2. Basis of Presentation and Summary of Significant Accounting Policies for more information.

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

F-7

Celsius Holdings, Inc.

Consolidated Statements of Cash Flows

(in thousands)

For the years ended December 31,202420232022Cash flows from operating activities:Net income (loss)$145,074 $226,801 $(187,282)Adjustments to reconcile net income to net cash provided by operating activities:Depreciation and amortization7,274 3,226 1,917 Impairment of intangible assets— — 2,379 Allowance for credit losses[1]3,294 2,128 2,352 Amortization of deferred other costs[2]14,124 14,124 5,885 Inventory excess and obsolescence19,086 7,312 6,131 Loss on disposal of property, plant and equipment173 198 — Stock-based compensation expense19,591 21,226 20,665 Deferred income taxes-net(9,730)(42,055)20,244 Foreign exchange loss1,734 1,246 483 Other operating activities (324)— — Changes in operating assets and liabilities:Accounts receivable[3](89,665)(121,558)(26,369)Note receivable-net2,318 — — Inventories77,190 (63,299)11,802 Prepaid expenses and other current assets1,074 (7,980)2,214 Accounts payable[4](1,170)5,249 428 Accrued expenses[5]85,398 (8,025)34,