Company: NGVC
Filing Date: 2025-12-11
Form Type: 10-K
Source: 0001437749-25-037556
Chunk: 308

Company: Natural Grocers by Vitamin Cottage, Inc.
Filing Date: 2025-12-11
Form: 10-K
Item: Item 2
Chunk 308
---

			)

			—

			Payments on withholding tax for restricted stock unit vesting

			(1,254
			
			)

			(1,449
			
			)

			(304
			
			)

			Net cash used in financing activities

			(16,088
			
			)

			(44,631
			
			)

			(20,353
			
			)

			Net increase (decrease) in cash and cash equivalents

			8,245

			(9,471
			)

			6,303

			Cash and cash equivalents, beginning of year

			8,871

			18,342

			12,039

			Cash and cash equivalents, end of year

			$
			17,116

			8,871

			18,342

			Supplemental disclosures of cash flow information:

			Cash paid for interest

			$
			1,181

			2,216

			1,305

			Cash paid for interest on financing lease obligations, net of capitalized interest of $252, $338 and $318, respectively

			1,940

			1,939

			2,002

			Income taxes paid

			15,911

			13,581

			5,048

			Supplemental disclosures of non-cash investing and financing activities:

			Acquisition of property and equipment not yet paid

			$
			2,373

			3,679

			6,016

			Acquisition of other intangibles not yet paid

			10

			22

			3

			Lease assets obtained in exchange for new operating lease obligations

			18,412

			22,317

			15,274

			Lease assets obtained in exchange for new finance lease obligations

			7,419

			(45
			)

			5,724

See accompanying notes to consolidated financial statements.

61

NATURAL GROCERS BY VITAMIN COTTAGE, INC.

Consolidated Statements of Changes in Stockholders’ Equity

Years Ended September 30, 2025, 2024 and 2023

(Dollars in thousands, except per share data)

			Common stock –$0.001 par