← Leslie's, Inc.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||
| Net Income From Continuing Operations | — | — | $126.6m | $159.0m | $27.2m | ($23.4m) | ($237.0m) | ($276.6m) | |
| Depreciation, Depletion and Amortization | $30.4m | $28.9m | $26.6m | $27.8m | $29.8m | $29.2m | $29.3m | $32.4m | |
| Amortization of Debt Issuance Costs and Discounts | — | — | $2.5m | $2.0m | $2.1m | $2.2m | $2.2m | — | |
| Amortization of Intangible Assets | — | — | $2.2m | $3.0m | $4.3m | $3.7m | $3.7m | — | |
| Capitalized Computer Software, Amortization | — | — | — | — | — | $3.9m | $3.0m | — | |
| Amortization of deferred financing costs and debt discounts | $3.2m | $3.5m | $2.5m | $2.0m | $2.1m | $2.2m | $2.2m | — | |
| Depreciation Amortization Depletion | — | — | — | $30.8m | $34.1m | $33.1m | $33.5m | $32.4m | |
| Deferred Income Tax Expense (Benefit) | ($754k) | ($7.8m) | $2.8m | $2.5m | ($6.3m) | $3.4m | $4.5m | $29.4m | |
| Deferred Tax | — | — | — | $2.5m | ($6.3m) | $3.4m | $4.5m | $29.4m | |
| Share-based Payment Arrangement, Noncash Expense | — | — | $24.2m | $11.3m | $11.7m | $8.6m | $6.2m | $4.7m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | — | $2.4m | $998k | $76k | — | |
| Goodwill and Intangible Asset Impairment | — | — | $0 | $0 | $0 | $0 | — | — | |
| Goodwill, Impairment Loss | — | — | — | — | — | — | $180.7m | $198.3m | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | — | — | $101.1m | $173.5m | $180.7m | $180.7m | $0 | — | |
| Operating Lease, Impairment Loss | — | — | — | — | — | — | $3.1m | — | |
| Impairments | — | — | — | — | $0 | $0 | $183.8m | — | |
| Asset Impairment Charge | — | — | — | — | $0 | $0 | $183.8m | $198.3m | |
| Other Nonoperating Income (Expense) | — | — | ($2.4m) | ($397k) | $0 | $0 | — | — | |
| Changes in operating assets and liabilities: | |||||||||
| Change In Working Capital | — | — | — | ($140.6m) | ($69.0m) | $81.6m | $16.9m | $37.4m | |
| Accounts Receivable, Credit Loss Expense (Reversal) | — | — | $2.1m | $1.2m | $193k | $1.5m | — | $10.8m | |
| Accounts and other receivables | ($5.6m) | $1.8m | ($9.5m) | ($7.6m) | $16.1m | ($18.7m) | $23.7m | — | |
| Change In Receivables | — | — | — | ($7.6m) | $16.1m | ($18.7m) | $23.7m | $10.8m | |
| Increase (Decrease) in Inventories | — | — | $47.8m | $143.1m | ($54.3m) | ($85.9m) | ($26.3m) | $67.2m | |
| Inventories | ($3.8m) | $1.8m | ($47.8m) | ($143.1m) | $54.3m | $85.9m | $26.3m | $67.2m | |
| Change In Inventory | — | — | — | ($143.1m) | $54.3m | $85.9m | $26.3m | $67.2m | |
| Increase (Decrease) in Accounts Payable | — | — | — | $55.5m | ($97.9m) | $1.9m | ($15.7m) | ($20.5m) | |
| Change In Payables And Accrued Expense | — | — | — | $29.4m | ($126.8m) | $2.4m | ($39.7m) | ($20.5m) | |
| Accrued capital expenditures | — | — | $28.9m | $31.7m | $38.6m | $47.2m | $25.5m | — | |
| Accrued expenses | — | — | — | ($31.7m) | ($22.1m) | $5.2m | ($22.8m) | ($15.5m) | |
| Change In Accrued Expense | — | — | — | ($31.7m) | ($22.1m) | $5.2m | ($22.8m) | ($15.5m) | |
| Increase (Decrease) in Other Operating Assets | — | — | $11.2m | $12.7m | $10.0m | ($6.9m) | ($3.0m) | — | |
| Prepaid expenses and other current assets | ($1.7m) | ($15.0m) | $2.7m | ($1.5m) | ($3.5m) | ($1.0m) | $1.9m | — | |
| Other assets | $4.5m | ($13.0m) | ($11.2m) | ($12.7m) | ($10.0m) | $6.9m | $3.0m | — | |
| Change In Other Current Assets | — | — | — | ($12.7m) | ($10.0m) | $6.9m | $3.0m | ($83k) | |
| Net Cash Provided by (Used in) Operating Activities | $57.8m |
$103.4m
+78.84%
|
$169.6m
+63.97%
|
$66.6m
-60.70%
|
$6.5m
-90.29%
|
$107.5m
+1560.99%
|
$8.8m
-91.79%
|
$26.6m
+201.27%
|
|
| Cash flows from investing activities: | |||||||||
| Payments to Acquire Property, Plant, and Equipment | ($27.4m) | ($20.6m) | $28.9m | $31.7m | $38.6m | $47.2m | $25.5m | ($23.8m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | $8.9m | $107.7m | $15.5m | $0 | $0 | $0 | |
| Business acquisitions, net of cash acquired | ($9.6m) | ($6.2m) | ($8.9m) | ($107.7m) | ($15.5m) | $0 | $0 | — | |
| Net Other Investing Changes | — | — | — | $408k | $1.6m | $81k | $141k | $81k | |
| Net Cash Provided by (Used in) Investing Activities | ($37.0m) | ($26.8m) | ($35.4m) | ($139.0m) | ($52.5m) | ($47.2m) | ($25.4m) | ($23.7m) | |
| Cash flows from financing activities: | |||||||||
| Gain (Loss) on Extinguishment of Debt | — | — | ($9.2m) | $0 | $0 | — | — | — | |
| Borrowings on Revolving Credit Facility | — | $238.8m | $0 | $45.0m | $264.0m | $140.5m | $159.5m | — | |
| Proceeds from Issuance of Long-term Debt | — | — | $907k | $0 | $0 | — | — | $142.0m | |
| Issuance Of Debt | — | — | — | $45.0m | $264.0m | $140.5m | $159.5m | $142.0m | |
| Long Term Debt Issuance | — | — | — | $45.0m | $264.0m | $140.5m | $159.5m | $142.0m | |
| Net Issuance Payments Of Debt | — | — | — | ($8.1m) | ($8.4m) | ($6.2m) | ($27.6m) | ($3.0m) | |
| Net Long Term Debt Issuance | — | — | — | ($8.1m) | ($8.4m) | ($6.2m) | ($27.6m) | ($3.0m) | |
| Net Short Term Debt Issuance | — | — | $0 | $0 | $0 | $0 | — | $0 | |
| Short Term Debt Issuance | — | — | $0 | $45.0m | $264.0m | $140.5m | — | $140.5m | |
| Repayments of Long-term Debt | — | — | $396.1m | $8.1m | $8.1m | $6.1m | $27.0m | ($145.0m) | |
| Repayment of long-term debt | ($6.3m) | ($10.4m) | ($396.1m) | ($8.1m) | ($8.1m) | ($6.1m) | ($27.0m) | — | |
| Long Term Debt Payments | — | — | — | ($8.1m) | ($272.4m) | ($146.7m) | ($187.1m) | ($145.0m) | |
| Repayment Of Debt | — | — | — | ($53.1m) | ($272.4m) | ($146.7m) | ($187.1m) | ($145.0m) | |
| Short Term Debt Payments | — | — | $0 | ($45.0m) | ($264.0m) | ($140.5m) | — | ($140.5m) | |
| Issuance Of Capital Stock | — | — | $458.6m | $0 | $0 | — | — | — | |
| Repurchase Of Capital Stock | — | — | $0 | ($152.1m) | $0 | $0 | — | $0 | |
| Common Stock Issuance | — | — | $458.6m | $0 | $0 | — | — | — | |
| Net Common Stock Issuance | — | — | $458.6m | ($152.1m) | $0 | $0 | — | $0 | |
| Payments for Repurchase of Common Stock | — | — | — | $152.1m | $0 | $0 | — | — | |
| Common Stock Payments | — | — | $0 | ($152.1m) | $0 | $0 | — | $0 | |
| Net Other Financing Charges | — | — | ($9.6m) | — | ($2.4m) | ($998k) | ($76k) | ($176k) | |
| Net Cash Provided by (Used in) Financing Activities | ($7.5m) |
($10.4m)
-39.09%
|
$53.8m
+615.88%
|
($158.9m)
-395.40%
|
($10.8m)
+93.20%
|
($7.2m)
+33.19%
|
($27.6m)
-282.89%
|
($3.2m)
+88.49%
|
|
| Net (decrease) increase in cash and cash equivalents | $13.3m | $66.2m | $188.0m | ($231.2m) | ($56.9m) | $53.1m | ($44.2m) | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | $188.0m | ($231.2m) | ($56.9m) | $53.1m | ($44.2m) | $16.9m | |
| Beginning Cash Position | — | — | — | $343.5m | $112.3m | $55.4m | $108.5m | $17.3m | |
| Cash and cash equivalents, beginning of year | $90.9m | $157.1m | $345.1m | $112.3m | $55.4m | $108.5m | $64.3m | — | |
| Additional Supplementary Disclosures | |||||||||
| Additional Supplementary Disclosures | |||||||||
| Gain (Loss) on Disposition of Assets | — | — | $1.6m | ($466k) | ($6.4m) | ($464k) | ($192k) | — | |
| Income Tax Expense (Benefit) | — | — | $36.5m | $49.1m | $9.5m | $10.1m | $4.2m | — | |
| Loss on asset dispositions | $1.8m | $785k | ($1.6m) | $466k | $6.4m | $464k | $192k | — | |
| Operating lease assets and liabilities, net | — | $7.0m | $1.8m | ($5.1m) | $825k | $6.1m | $1.7m | — | |
| Additional Financial Items | |||||||||
| Payments of Financing Costs | — | — | $9.6m | $0 | $347k | $0 | — | — | |
| Provision for Loan, Lease, and Other Losses | — | — | — | — | — | — | ($1.4m) | — | |
| Net (loss) income | $702k | $58.6m | $126.6m | $159.0m | $27.2m | ($23.4m) | ($237.0m) | — | |
| Equity-based compensation | $2.1m | $1.8m | $24.2m | $11.3m | $11.7m | $8.6m | $6.2m | — | |
| Provision for credit losses | — | — | — | — | $193k | $1.5m | ($1.4m) | — | |
| Income taxes payable | $2.6m | ($4.9m) | $5.1m | $5.6m | ($6.7m) | ($4.7m) | ($1.1m) | — | |
| Proceeds from asset dispositions | $64k | $7k | $2.4m | $408k | $1.6m | $81k | $141k | — | |
| Payments on Revolving Credit Facility | ($190.9m) | ($238.8m) | $0 | ($45.0m) | ($264.0m) | ($140.5m) | ($159.5m) | — | |
| Payment on finance lease | — | — | — | $0 | $0 | ($145k) | ($536k) | — | |
| Payments of employee tax withholdings related to restricted stock vesting | — | — | $0 | $0 | ($2.4m) | ($998k) | ($76k) | — | |
| Interest | $90.5m | $88.7m | $36.4m | $32.6m | $63.1m | $63.2m | $65.4m | $66.0m | |
| Income taxes, net of refunds received | $12.9m | $15.3m | $28.6m | $41.1m | $22.6m | $10.9m | $3.4m | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | ($158.9m) | ($10.8m) | ($7.2m) | ($27.6m) | ($3.2m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | ($139.0m) | ($52.5m) | ($47.2m) | ($25.4m) | ($23.7m) | |
| Change In Account Payable | — | — | — | $55.5m | ($97.9m) | $1.9m | ($15.7m) | ($20.5m) | |
| Change In Other Working Capital | — | — | — | ($5.1m) | $825k | $6.1m | $1.7m | ($492k) | |
| Change In Payable | — | — | — | $61.1m | ($104.6m) | ($2.8m) | ($16.9m) | ($20.5m) | |
| Change In Prepaid Assets | — | — | — | ($1.5m) | ($3.5m) | ($1.0m) | $1.9m | ($4.0m) | |
| Change In Tax Payable | — | — | — | $5.6m | ($6.7m) | ($4.7m) | ($1.1m) | $0 | |
| Changes In Cash | — | — | — | ($231.2m) | ($56.9m) | $53.1m | ($44.2m) | ($333k) | |
| End Cash Position | — | — | — | $112.3m | $55.4m | $108.5m | $64.3m | $16.9m | |
| Financing Cash Flow | — | — | — | ($158.9m) |
($10.8m)
+93.20%
|
($7.2m)
+33.19%
|
($27.6m)
-282.89%
|
($3.2m)
+88.49%
|
|
| Free Cash Flow | — | — | — | $34.9m | ($32.1m) | $60.2m | ($16.7m) | $2.8m | |
| Investing Cash Flow | — | — | — | ($139.0m) | ($52.5m) | ($47.2m) | ($25.4m) | ($23.7m) | |
| Net Business Purchase And Sale | — | — | — | ($107.7m) | ($15.5m) | $0 | $0 | $0 | |
| Net PPE Purchase And Sale | — | — | — | ($31.7m) | ($38.6m) | ($47.2m) | ($25.5m) | ($23.8m) | |
| Operating Gains Losses | — | — | — | $466k | $6.4m | $464k | $192k | $157k | |
| Other Non Cash Items | — | — | — | $2.0m | $2.1m | $2.2m | $2.2m | — | |
| Proceeds From Stock Option Exercised | — | — | $0 | $1.4m | $0 | $0 | — | $0 | |
| Provisionand Write Offof Assets | — | — | — | $1.2m | $193k | $1.5m | ($1.4m) | ($1.5m) | |
| Purchase Of Business | — | — | — | ($107.7m) | ($15.5m) | $0 | $0 | $0 | |
| Purchase Of PPE | — | — | — | ($31.7m) | ($38.6m) | ($47.2m) | ($25.5m) | ($23.8m) | |
| Sale Of PPE | — | — | $2.4m | $408k | $1.6m | — | — | — | |
| Stock Based Compensation | — | — | — | $11.3m | $11.7m | $8.6m | $6.2m | $4.7m | |
| Supplemental disclosure of cash flow information: | |||||||||
| Change In Cash Supplemental As Reported | — | — | — | ($231.2m) | ($56.9m) | $53.1m | ($44.2m) | — |