← KinderCare Learning Companies, Inc.
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | — | — | — | — | — | $219.2m |
$102.6m
-53.21%
|
($92.8m)
-190.52%
|
($112.9m)
-21.59%
|
— | — | |
| Depreciation, Depletion and Amortization | $100k | $113k | $189k | $167k | $111k | $88.5m | $109.0m | $117.6m | $124.0m | $124.0m | $125.1m | |
| Amortization of Debt Issuance Costs | — | — | — | — | — | $4.9m | $8.5m | $6.8m | — | $6.1m | — | |
| Amortization of Debt Issuance Costs and Discounts | — | — | — | — | — | — | $73.6m | $1.8m | — | — | — | |
| Amortization of Intangible Assets | — | — | — | — | — | — | $9.3m | $9.2m | — | — | — | |
| Depreciation | $100k | $113k | $189k | $167k | $111k | $88.5m | $98.1m | $106.8m | $124.0m | $124.0m | $125.1m | |
| Depreciation Amortization Depletion | — | — | — | — | — | $88.5m | $109.0m | $117.6m | $124.0m | — | $125.1m | |
| Deferred Income Tax Expense (Benefit) | — | — | — | — | — | — | ($17.2m) | ($29.8m) | — | — | $8.7m | |
| Change in deferred taxes | — | — | — | — | — | $26.3m | ($17.4m) | ($29.8m) | $7.3m | $7.3m | — | |
| Deferred Income Tax | — | — | — | — | — | $26.3m | ($17.4m) | ($29.8m) | $7.3m | — | $8.7m | |
| Share-based Payment Arrangement, Noncash Expense | — | — | — | — | — | — | $12.6m | $144.1m | — | — | $10.5m | |
| Stock-based compensation | $51k | $206k | $365k | $80k | $128k | $9.9m | $12.6m | $144.1m | $11.8m | $11.8m | $10.5m | |
| Goodwill and Intangible Asset Impairment | — | — | — | — | — | — | $0 | $0 | — | — | — | |
| Goodwill, Impairment Loss | — | — | — | — | — | — | $0 | $0 | — | — | $494.0m | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | — | — | — | — | — | — | $0 | $0 | — | — | — | |
| Impairment losses | — | — | — | — | — | $15.4m | $13.6m | $10.5m | — | $204.1m | — | |
| Asset Impairment Charges | $0 | — | — | $0 | $7.4m | — | — | — | — | — | $494.0m | |
| Asset Impairment Charge | — | — | — | — | — | $15.4m | $13.6m | $10.5m | $204.1m | — | $494.0m | |
| Other Nonoperating Income (Expense) | — | — | — | — | — | — | $1.4m | $5.6m | — | — | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | ($27.1m) | $71.2m | ($61.1m) | ($3.9m) | — | ($52.2m) | |
| Increase (Decrease) in Accounts Receivable | — | — | — | — | — | — | $18.1m | $16.3m | — | — | ($10.9m) | |
| Accounts receivable | ($31k) | $72k | ($131k) | $98k | ($111k) | $4.5m | ($18.1m) | ($16.3m) | — | ($14.2m) | ($10.9m) | |
| Accounts receivable - related party | $0 | $3k | $2k | $0 | $0 | — | — | — | — | — | ($10.9m) | |
| Change In Receivables | — | — | — | — | — | $4.5m | ($18.1m) | ($16.3m) | ($14.2m) | — | ($10.9m) | |
| Changes In Account Receivables | — | — | — | — | — | $4.5m | ($18.1m) | ($16.3m) | ($14.2m) | — | ($10.9m) | |
| Accounts payable and accrued liabilities | — | — | — | — | — | ($2.3m) | ($1.3m) | ($8.8m) | — | $4.3m | ($30.0m) | |
| Related party payables | — | — | — | ($20k) | $80k | $358k | ($1.7m) | $119k | — | ($119k) | — | |
| Deferred cloud computing implementation costs included in accounts payable | — | — | — | — | — | — | $0 | $6.2m | — | $127k | — | |
| Property and equipment additions included in accounts payable and accrued liabilities | — | — | — | — | — | $5.8m | $3.2m | $5.7m | — | $11.8m | — | |
| Deferred offering costs included in accounts payable and accrued liabilities | — | — | — | — | — | — | $0 | $275k | — | $0 | — | |
| Accounts payable – trade | $25k | $54k | $128k | ($85k) | ($75k) | — | — | — | — | — | ($30.0m) | |
| Change in Accounts Payable | ($75k) | $0 | — | — | — | — | — | — | — | — | — | |
| Settlement of payables owed by legacy Pacific Oil Company Stockholders | $24k | — | — | — | — | — | — | — | — | — | — | |
| Payables owed by Pacific Oil Company | $0 | — | — | — | — | — | — | — | — | — | — | |
| Equity in escrow to offset payables owed by legacy Pacific Oil Company | $0 | — | — | — | — | — | — | — | — | — | — | |
| Deferred revenue | $63k | ($96k) | $33k | ($18k) | — | ($18.3m) | $633k | $569k | — | $23.0m | — | |
| Accrued expenses | $19k | $10k | $75k | ($47k) | $16k | — | — | — | — | — | — | |
| Accrued interest converted to equity | — | $0 | $59k | $0 | — | — | — | — | — | — | — | |
| Prepaid expenses and other current assets | — | — | — | — | — | $1.9m | $22.1m | ($6.5m) | — | ($60.1m) | — | |
| Other assets | — | — | — | — | — | ($30.5m) | ($1.3m) | ($1.6m) | — | $7.9m | — | |
| Other current liabilities | — | — | — | — | — | $18.5m | $20.6m | ($14.6m) | — | $31.7m | $12.5m | |
| Restricted cash included within other assets | — | — | — | — | — | $263k | $265k | $94k | — | $94k | — | |
| Change In Other Current Assets | — | — | — | — | — | ($30.5m) | ($1.3m) | ($1.6m) | $7.9m | — | $2.4m | |
| Change In Other Current Liabilities | — | — | — | — | — | $31.0m | $69.8m | ($29.6m) | $33.0m | — | $12.5m | |
| Net Cash Provided by (Used in) Operating Activities | $112k |
$0
-100.00%
|
$39k |
$50k
+29.33%
|
$0
-100.00%
|
$262.6m |
$303.5m
+15.61%
|
$115.9m
-61.82%
|
$238.5m
+105.83%
|
$308.3m
+29.24%
|
$171.1m
-44.48%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | ($4k) | ($42k) | ($39k) | ($4k) | ($8k) | ($139.4m) | $129.0m | $132.3m | ($128.3m) | ($128.3m) | ($134.9m) | |
| Gain (Loss) on Disposition of Property Plant Equipment | — | — | — | — | — | $299k | ($2.2m) | $2.8m | — | $293k | $2.9m | |
| Loss on disposal of equipment | — | — | $0 | $20k | $0 | — | — | — | — | — | — | |
| Gain (Loss) on Investments | — | — | — | — | — | — | $3.0m | $2.2m | — | — | ($2.5m) | |
| Payments to Acquire Investments | — | — | — | — | — | — | $6.8m | $8.7m | — | — | ($7.3m) | |
| Realized and unrealized gains from investments held in deferred compensation asset trusts | — | — | — | — | — | $4.6m | ($3.0m) | ($2.2m) | — | ($3.1m) | — | |
| Investments in deferred compensation asset trusts | $0 | — | — | — | — | ($5.0m) | ($6.8m) | ($8.7m) | — | ($7.5m) | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | — | — | — | $10.2m | $10.9m | — | — | ($17.6m) | |
| Payments for acquisitions, net of cash acquired | — | — | ($4k) | $710k | — | ($157.6m) | ($10.2m) | ($10.9m) | — | ($23.1m) | — | |
| Payments of contingent consideration for acquisitions | — | — | — | — | — | — | ($10.2m) | $0 | — | $0 | — | |
| Contingent consideration and holdbacks payable for acquisitions | — | — | — | — | — | $10.3m | $0 | $0 | — | $1.6m | — | |
| Cash used in investing activities | ($2k) | ($61k) | ($44k) | $706k | ($92k) | ($299.7m) | ($117.7m) | ($147.2m) | — | ($154.4m) | — | |
| Net Cash from Investing Activities | $10k | $0 | — | $710k | $0 | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Investing Activities | — | — | — | — | — | — | ($117.7m) | ($147.2m) | — | — | ($154.7m) | |
| Cash flows from financing activities: | ||||||||||||
| Gain (Loss) on Extinguishment of Debt | — | — | — | — | — | — | ($4.4m) | ($25.7m) | — | — | — | |
| Proceeds from Issuance of Long-term Debt | — | — | — | — | — | — | $1.3b | $264.3m | — | $0 | $0 | |
| Loss on extinguishment of long-term debt, net | — | — | — | — | — | ($193k) | $4.0m | $25.7m | — | $5.4m | — | |
| Loss on extinguishment of indebtedness to related party | — | — | — | — | — | — | $472k | $0 | — | $0 | — | |
| Repayment of long-term debt | — | — | — | — | — | ($20.0m) | ($1.3b) | ($608.0m) | — | $0 | — | |
| Repayment of indebtedness to related party | — | — | — | — | — | — | ($56.3m) | — | — | $0 | — | |
| Principal payments of long-term debt | — | — | — | — | — | ($11.8m) | ($6.3m) | ($11.9m) | — | ($9.6m) | — | |
| Payments of debt issuance costs | — | — | — | — | — | ($807k) | ($7.3m) | ($1.2m) | — | ($317k) | — | |
| Debt forgiveness income | — | — | — | $0 | ($661k) | — | — | — | — | — | — | |
| Proceeds from Debt Issuance | $450k | $740k | $202k | $283k | $423k | — | — | — | — | — | — | |
| Issuance Of Debt | — | — | — | — | — | $2.3m | $1.3b | $264.3m | $0 | — | $0 | |
| Long Term Debt Issuance | — | — | — | — | — | $2.3m | $1.3b | $264.3m | $0 | — | $0 | |
| Long Term Debt Payments | — | — | — | — | — | ($46.5m) | ($1.4b) | ($621.9m) | ($11.2m) | — | ($13.5m) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | ($44.2m) | ($117.4m) | ($357.6m) | ($11.2m) | — | ($13.5m) | |
| Net Long Term Debt Issuance | — | — | — | — | — | ($44.2m) | ($117.4m) | ($357.6m) | ($11.2m) | — | ($13.5m) | |
| Repayment Of Debt | — | — | — | — | — | ($46.5m) | ($1.4b) | ($621.9m) | ($11.2m) | — | ($13.5m) | |
| Common stock issued for acquisition | — | — | $0 | $6.9m | $2.0m | — | — | — | — | — | — | |
| Common stock to be issued for acquisition | — | — | $0 | $699k | $0 | — | — | — | — | — | — | |
| Common Stock Dividend Paid | — | — | — | — | — | $0 | $0 | ($320.0m) | $0 | — | $0 | |
| Common Stock Issuance | — | — | — | — | — | $0 | $0 | $626.0m | $0 | — | $0 | |
| Common Stock Payments | — | — | — | — | $0 | ($72.7m) | $0 | $0 | — | — | $0 | |
| Issuance Of Capital Stock | — | — | — | — | — | $0 | $0 | $626.0m | $0 | — | $0 | |
| Repurchase Of Capital Stock | — | — | — | — | $0 | ($72.7m) | $0 | $0 | — | — | $0 | |
| Cash Dividends Paid | — | — | — | — | — | $0 | $0 | ($320.0m) | $0 | — | $0 | |
| Net Other Financing Charges | — | — | — | — | — | ($807k) | ($17.5m) | ($11.0m) | ($2.1m) | — | ($1.5m) | |
| Cash used in financing activities | $1.1m |
$745k
-29.57%
|
($42k)
-105.66%
|
$290k
+787.93%
|
$402k
+38.41%
|
($117.7m)
-29365.50%
|
($134.9m)
-14.68%
|
($62.6m)
+53.59%
|
— | ($13.2m) | — | |
| Net Cash from Financing Activities | $42k |
$78k
+83.03%
|
$15k
-81.28%
|
$0
-100.00%
|
— | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Financing Activities | — | — | — | — | — | — | ($134.9m) |
($62.6m)
+53.59%
|
— | — | ($15.0m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | — | — | — | $50.9m | ($94.0m) | — | — | $132.9m | |
| Cash, cash equivalents, and restricted cash at beginning of period | — | — | — | — | — | $105.5m | $156.4m | $62.4m | — | $133.3m | — | |
| Beginning Cash Position | — | — | — | — | — | $181.2m | $105.5m | $156.4m | $62.4m | — | $131.4m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | — | $156.4m | $62.4m | — | — | $132.9m | |
| Net change in cash, cash equivalents, and restricted cash | — | — | — | — | — | ($75.8m) | $50.9m | ($94.0m) | — | $70.9m | — | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $49k | $96k | $101k | $7k | $9k | $96.1m | $138.9m | $126.3m | $83.1m | $83.1m | — | |
| Income Taxes Paid, Net | $0 | $0 | — | — | — | $70.5m | $29.4m | $47.7m | $15.2m | $15.2m | — | |
| Additional Financial Items | ||||||||||||
| Goodwill | — | — | — | — | — | — | $1.1b | $1.1b | — | — | $494.0m | |
| Income Tax Expense (Benefit) | — | — | — | — | — | — | $27.4m | $14.6m | — | — | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | $152.9m | $170.5m | — | — | — | |
| Investment Income, Interest | — | — | — | — | — | — | $6.1m | $7.4m | — | — | — | |
| Net (loss) income | ($976k) | ($1.5m) | ($623k) | ($792k) | ($7.4m) | $219.2m | $102.6m | ($92.8m) | — | ($112.9m) | — | |
| Leases | — | — | — | — | — | ($13.8m) | $1.1m | $1.1m | — | $2.3m | — | |
| Other long-term liabilities | — | — | — | — | — | $12.5m | $49.2m | ($15.0m) | — | $1.3m | — | |
| Proceeds from deferred compensation asset trust redemptions | — | — | — | — | — | $2.0m | $1.6m | $1.8m | — | $4.2m | — | |
| Proceeds from sale and leaseback, net of transaction costs | — | — | — | — | — | — | $25.9m | $0 | — | $0 | — | |
| Proceeds from initial public offering, net of underwriting discounts | — | — | — | — | — | — | $0 | $626.0m | — | $0 | — | |
| Payments of deferred offering costs | — | — | — | — | — | — | $0 | ($9.6m) | — | ($275k) | — | |
| Distribution to parent | — | — | — | — | — | — | $0 | ($320.0m) | — | $0 | — | |
| Repayments of promissory notes | ($97k) | ($62k) | ($249k) | ($8k) | ($20k) | ($13.0m) | ($951k) | ($421k) | — | ($354k) | — | |
| Payments of financing lease obligations | — | — | — | — | — | ($1.7m) | ($1.7m) | ($1.6m) | — | ($1.2m) | — | |
| Tax payments related to net settlement of restricted stock units | — | — | — | — | — | — | $0 | ($224k) | — | ($1.5m) | — | |
| Cash and cash equivalents | $133k | $444k | $32k | $36k | $483k | $105.2m | $156.1m | $62.3m | — | $133.2m | $131.4m | |
| Operating lease right-of-use assets obtained in exchange for operating lease liabilities | — | — | — | — | — | $101.6m | $99.1m | $181.6m | — | $303.8m | — | |
| Reclassification of liability-classified stock options and restricted stock units to equity-classified | — | — | — | — | — | — | $0 | $12.9m | — | $0 | — | |
| Reclassification of equity-classified stock options and restricted stock units to liability-classified | — | — | — | — | — | — | $6.8m | $0 | — | $0 | — | |
| Finance lease right-of-use assets obtained in exchange for finance lease liabilities | — | — | — | — | — | $255k | $3.1m | $110k | — | $1.0m | — | |
| Reductions to finance lease right-of-use assets resulting from reductions to finance lease liabilities | — | — | — | — | — | — | $512k | $0 | — | $1.3m | — | |
| Adjustment to tax impact of initial public offering costs | — | — | — | — | — | — | $0 | $0 | — | $548k | — | |
| Measurement period and other adjustments to reduce contingent consideration payable | — | — | — | — | — | — | $38k | $0 | — | $0 | — | |
| Prepaid expenses | ($32k) | $39k | $14k | ($2k) | $41k | — | — | — | — | — | — | |
| Contract Liabilities | — | — | — | $0 | ($10k) | — | — | — | — | — | — | |
| Rent Payable | — | — | — | $0 | $91k | — | — | — | — | — | — | |
| Cash paid for NCW | — | — | — | $0 | ($84k) | — | — | — | — | — | — | |
| Change in line of credit | ($62k) | ($110k) | ($10k) | ($10k) | ($1k) | — | — | — | — | — | — | |
| Stock Repurchases (Issuances) | $725k | $100k | $0 | $25k | — | — | — | — | — | — | — | |
| TOTAL CHANGE IN CASH AND CASH EQUIVALENTS | ($412k) | $4k | $447k | ($177k) | ||||||||
| PPP Loan Forgiveness | — | — | — | $0 | $661k | — | — | — | — | — | — | |
| Note payable issued related to acquisition | — | — | $0 | $52k | $0 | — | — | — | — | — | — | |
| Note payable assumed in acquisition | — | — | $0 | $378k | $0 | — | — | — | — | — | — | |
| Notes payable converted to equity | — | $0 | $949k | $0 | — | — | — | — | — | — | — | |
| Provision for Doubtful Accounts (CF) | $0 | $22k | $0 | — | — | — | — | — | — | — | — | |
| Purchases of trademarks | ($7k) | ($19k) | ($4k) | — | — | — | — | — | — | — | — | |
| TOTAL INCREASE IN CASH AND CASH EQUIVALENTS | $312k | ($412k) | ||||||||||
| Forfeiture of deposit for failed acquisition | $0 | — | — | — | — | — | — | — | — | — | — | |
| Tax Coach Software, LLC (Note 9) | $0 | — | — | — | — | — | — | — | — | — | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | ($117.7m) | ($134.9m) | ($62.6m) | ($13.2m) | — | ($15.0m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | ($299.7m) | ($117.7m) | ($147.2m) | ($154.4m) | — | ($154.7m) | |
| Change In Account Payable | — | — | — | — | — | ($2.3m) | ($1.3m) | ($8.8m) | $4.3m | — | ($30.0m) | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | ($75.8m) | $50.9m | ($94.0m) | $70.9m | — | — | |
| Change In Other Working Capital | — | — | — | — | — | ($32.1m) | $1.7m | $1.7m | $25.3m | — | $21.7m | |
| Change In Payable | — | — | — | — | — | ($2.0m) | ($3.0m) | ($8.7m) | $4.2m | — | ($30.0m) | |
| Change In Prepaid Assets | — | — | — | — | — | $1.9m | $22.1m | ($6.5m) | ($60.1m) | — | ($47.9m) | |
| Changes In Cash | — | — | — | — | — | ($75.8m) | $50.9m | ($94.0m) | $70.9m | — | $1.5m | |
| End Cash Position | — | — | — | — | — | $105.5m | $156.4m | $62.4m | $133.3m | — | $132.9m | |
| Financing Cash Flow | — | — | — | — | — | ($117.7m) |
($134.9m)
-14.68%
|
($62.6m)
+53.59%
|
($13.2m)
+78.84%
|
— | ($15.0m) | |
| Free Cash Flow | — | — | — | — | — | $202.2m | $174.5m | ($16.4m) | $110.3m | — | $36.3m | |
| Gain Loss On Investment Securities | — | — | — | — | — | $4.6m | ($3.0m) | ($2.2m) | ($3.1m) | — | ($2.5m) | |
| Gain Loss On Sale Of PPE | — | — | — | — | — | $104k | $2.2m | ($2.8m) | ($205k) | — | ($38k) | |
| Investing Cash Flow | — | — | — | — | — | ($299.7m) | ($117.7m) | ($147.2m) | ($154.4m) | — | ($154.7m) | |
| Net Business Purchase And Sale | — | — | — | — | — | ($157.6m) | ($10.2m) | ($10.9m) | ($23.1m) | — | ($17.6m) | |
| Net Investment Purchase And Sale | — | — | — | — | — | ($3.0m) | ($5.2m) | ($6.9m) | ($3.3m) | — | ($2.3m) | |
| Net PPE Purchase And Sale | — | — | — | — | — | ($139.1m) | ($102.2m) | ($129.4m) | ($128.0m) | — | ($134.8m) | |
| Operating Gains Losses | — | — | — | — | — | $4.5m | $3.6m | $20.6m | $2.1m | — | $2.9m | |
| Other Non Cash Items | — | — | — | — | — | $4.9m | $8.5m | $6.8m | $6.1m | — | — | |
| Purchase Of Business | — | — | — | — | — | ($157.6m) | ($10.2m) | ($10.9m) | ($23.1m) | — | ($17.6m) | |
| Purchase Of Investment | — | — | — | — | — | ($5.0m) | ($6.8m) | ($8.7m) | ($7.5m) | — | ($7.3m) | |
| Purchase Of PPE | — | — | — | — | — | ($139.4m) | ($129.0m) | ($132.3m) | ($128.3m) | — | ($134.9m) | |
| Sale Of Investment | — | — | — | — | — | $2.0m | $1.6m | $1.8m | $4.2m | — | $5.0m | |
| Sale Of PPE | — | — | — | — | — | $299k | $26.8m | $2.9m | $293k | — | $126k |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.