Company: SBH
Filing Date: 2025-02-13
Form Type: 10-Q
Source: 0000950170-25-019869
Chunk: 3

Company: Sally Beauty Holdings, Inc.
Filing Date: 2025-02-13
Form: 10-Q
Item: Part I, Item 1
Chunk 3
---
  common stock
     
    (1,939
    )

    (19
    )

    (9,266
    )

    (10,915
    )

    —

    (20,200
    )

    Balance at December 31, 2023
     
    104,857

    $
    1,049

    $
    —

    $
    652,247

    $
    (111,956
    )
     
    $
    541,340

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

7

SALLY BEAUTY HOLDINGS, INC. AND SUBSIDIARIES

Condensed Consolidated Statements of Cash Flows

(In thousands)

(Unaudited)

    Three Months Ended December 31,

    2024

    2023

    Cash Flows from Operating Activities:

    Net earnings
     
    $
    61,013

    $
    38,390

    Adjustments to reconcile net earnings to net cash provided    by operating activities:

    Depreciation and amortization

    25,565

    28,063

    Share-based compensation expense

    6,053

    5,118

    Amortization of deferred financing costs

    564

    637

    Loss on early extinguishment of debt

    444

    —

    Loss (gain) on disposal of equipment and other property

    (26,641
    )

    2

    Deferred income taxes

    (2,207
    )

    (3,237
    )

    Changes in (exclusive of effects of acquisitions):

    Trade accounts receivable

    6,269

    1,715

    Accounts receivable, other

    (799
    )

    (3,294
    )

    Inventory

    15,287

    (24,159
    )

    Other current assets

    1,454

    (1,117
    )

    Other assets

    1,578

    (1,709
    )

    Operating leases, net

    (939
    )

    (641
    )

    Accounts payable and accrued liabilities

    (56,152
    )

    (642
    )

    Income taxes payable

    2,225

    12,586

    Other liabilities

    (257
    )

    (692
    )