Company: JOUT
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001140361-25-017047
Chunk: 36

Company: JOHNSON OUTDOORS INC
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 8
Chunk 36
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Cash and cash equivalents and short term investments totaled $93,951 as of March 28, 2025, compared to $84,270 as of March 29, 2024.  The Company’s debt to total capitalization ratio was 0% as of March 28, 2025 and March 29, 2024.  The Company’s total debt balance was $0 as of each of March 28, 2025 and March 29, 2024.  See “Note 11 – Indebtedness” in the notes to the Company’s accompanying condensed consolidated financial statements for further discussion.

Accounts receivable, net of allowance for credit losses, were $116,776 as of March 28, 2025, a decrease of $12,569 compared to $129,345 as of March 29, 2024.  The decrease is consistent with the decreased sales volumes year over year.  Inventories were $180,057 as of March 28, 2025, a decrease of $69,144, compared to $249,201 as of March 29, 2024.  The decrease is consistent with the Company's ongoing efforts to reduce inventory balances.  Accounts payable were $44,323 at March 28, 2025 compared to $50,374 as of March 29, 2024.

The Company’s cash flows from operating, investing and financing activities, as presented in the Company’s accompanying Condensed Consolidated Statements of Cash Flows, are summarized in the following table:

 Six months ended(thousands)March 28,2025March 29,2024Cash (used for) provided by:  Operating activities$(38,566)$(51,764)Investing activities(7,749)7,031 Financing activities(6,879)(6,945)Effect of foreign currency rate changes on cash(2,668)180 Decrease in cash and cash equivalents$(55,862)$(51,498)

Operating Activities

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IndexJOHNSON OUTDOORS INC.

Cash used for operations totaled $38,566 for the six months ended March 28, 2025 compared to $51,764 during the corresponding period of the prior fiscal year.  The decrease in cash used for operations over the prior year six month period was due primarily to cash provided by working capital reductions between quarters, partially offset by lower income on decreased sales volumes between periods.