Company: BRID
Filing Date: 2025-06-02
Form Type: 10-Q
Source: 0001641172-25-013252
Chunk: 3

Company: BRIDGFORD FOODS CORP
Filing Date: 2025-06-02
Form: 10-Q
Item: Part I, Item 1
Chunk 3
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 24 weeks ended 

    April 18, 2025  
    April 19, 2024 
  
    Cash flows from operating activities: 

    Net loss 
    $(4,973) 
    $(960)

    Adjustments to reconcile loss to net cash (used in) provided by operating activities: 

    Depreciation and amortization 
     3,104  
     3,106 
  
    Provision for (recovery of ) credit losses on accounts receivable 
     343  
     (132)
  
    Decrease in promotional allowances 
     (657) 
     (639)
  
    Gain on sale of property, plant, and equipment 
     (44) 
     (2)

    Changes in operating assets and liabilities: 

    Accounts receivable, net 
     2,965  
     2,962 
  
    Inventories, net 
     (6,717) 
     1,298 
  
    Prepaid expenses and other current assets 
     (1,396) 
     (1,373)
  
    Refundable income taxes 
     (142) 
     (1,613)
  
    Other non-current assets 
     1,050  
     (1,054)
  
    Accounts payable 
     2,030  
     406 
  
    Accrued payroll, advertising, and other expenses 
     542  
     701 
  
    Other current liabilities 
     (810) 
     (136)
  
    Executive retirement, pension plans and other 
     (721) 
     (1,562)

    Net cash (used in) provided by operating activities 
     (5,426) 
     1,002 

    Cash flows from investing activities: 

    Proceeds from sale of property, plant, and equipment 
     28  
     2 
  
    Additions to property, plant, and equipment 
     (1,576) 
     (1,869)

    Net cash used in investing activities 
     (1,548) 
     (1,867)

    Cash flows from financing activities: 

    Change in lease and right-of-use obligations 
     (532) 
     (623)
  
    Repayments of notes payable - equipment 
     (447)