Company: CHEF
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001517175-25-000002
Chunk: 94

Company: Chefs' Warehouse, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 8
Chunk 94
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Common stock issued under stock plans, net of shares surrendered to pay tax withholding112,059 1 (6,409)— — (6,408)Balance December 27, 202440,248,884 $402 $399,111 $(3,807)$141,940 $537,646 

See accompanying notes to the consolidated financial statements.

49

 THE CHEFS’ WAREHOUSE, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

(Amounts in thousands)

Fiscal Years EndedDecember 27,2024December 29,2023December 30,2022Cash flows from operating activities:   Net income$55,479 $34,590 $27,750 Adjustments to reconcile net income to net cash provided by operating activities:   Depreciation and amortization40,562 32,887 24,332 Amortization of intangible assets24,372 22,719 13,913 Provision for allowance for credit losses11,982 8,078 6,048 Provision for deferred income taxes1,464 8,114 9,601 Loss on debt extinguishment685 — 14,287 Stock compensation17,778 20,042 13,602 Change in fair value of contingent earn-out liabilities(3,266)3,081 8,505 Intangible asset impairment— 1,838 — Non-cash interest and other operating activities5,459 5,456 3,037 Changes in assets and liabilities, net of acquisitions:   Accounts receivable(44,812)(48,813)(48,229)Inventories(32,205)(28,759)(49,931)Prepaid expenses and other current assets(6,036)(7,234)(17,603)Accounts payable, accrued liabilities and accrued compensation87,312 19,598 19,163 Other assets and liabilities(5,713)(9,958)(1,341)Net cash provided by operating activities153,061 61,639 23,134 Cash flows from investing activities:   Capital expenditures(49,506)(57,427)(45,848)Cash paid for acquisitions, net of cash acquired(315)(121,884)(186,175)Net cash used in investing activities(49,821)(179,311)(232,023)Cash flows from financing