← VINCE HOLDING CORP.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | 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: | ||||||||||||
| Equity in net income of equity method investment, net of distributions | — | — | — | — | — | — | — | ($121k) | $2.7m | $2.0m | — | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $5.1m | $58.6m | $58.6m | ($2.0m) | $30.4m | ($65.6m) | ($12.7m) | ($38.3m) | $25.4m | ($19.0m) | — | |
| Depreciation, Depletion and Amortization | $8.3m | $8.7m | $10.1m | $11.3m | $9.6m | $6.9m | $6.5m | $8.3m | $4.9m | $4.0m | $2.8m | |
| Amortization of Debt Issuance Costs | — | $1.2m | $1.2m | $660k | $554k | $674k | $788k | $1.3m | $758k | $312k | — | |
| Amortization of Intangible Assets | $598k | $598k | $599k | $2.5m | $1.6m | $656k | $656k | $149k | $149k | — | — | |
| Depreciation | $6.4m | $7.1m | $8.5m | $8.6m | $7.9m | $6.0m | $5.6m | $7.1m | $4.7m | $3.9m | $2.8m | |
| Amortization of deferred financing costs | $483k | $1.2m | $660k | $554k | $674k | $788k | $1.3m | $758k | $312k | $366k | — | |
| Deferred Income Tax Expense (Benefit) | $2.7m | $93.4m | ($379k) | ($94k) | $101k | $1.7m | $4.4m | $2.9m | ($4.0m) | ($4.3m) | $5k | |
| Deferred income taxes | $93.4m | ($379k) | $176k | $101k | $1.7m | $4.4m | $2.9m | ($4.0m) | ($4.3m) | $5k | $5k | |
| Share-based Payment Arrangement, Noncash Expense | $1.3m | $1.3m | $1.1m | $1.3m | $2.0m | $1.3m | $2.1m | $2.1m | $1.5m | $1.6m | $371k | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | $321k | $321k | $222k | $69k | $213k | $142k | $264k | — | |
| Share-based compensation expense | $1.3m | $1.1m | $1.3m | $2.0m | $1.3m | $2.1m | $2.1m | $1.5m | $1.6m | $426k | $371k | |
| Goodwill and Intangible Asset Impairment | $53.1m | $53.1m | — | $19.5m | $19.5m | $13.8m | — | — | — | — | — | |
| Goodwill, Impairment Loss | $0 | $22.3m | $0 | $0 | $2.1m | $9.5m | $0 | $0 | $0 | $32.0m | $0 | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | — | — | — | — | — | $1.7m | $1.7m | — | — | — | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | — | — | — | — | — | — | $1.7m | $1.7m | — | — | — | |
| Operating Lease, Impairment Loss | — | — | — | $177k | $177k | $8.6m | — | — | — | — | — | |
| Impairment of goodwill | — | — | — | — | — | — | — | $0 | $32.0m | $0 | — | |
| Income (Loss) from Equity Method Investments | — | — | — | — | — | — | — | $1.5m | $1.5m | $712k | — | |
| Other Nonoperating Income (Expense) | ($329k) | ($329k) | $81.9m | ($237k) | $55.8m | $2.3m | — | — | — | — | — | |
| Income (Loss) from Equity Method Investments, Net of Dividends or Distributions | — | — | — | — | — | — | — | $121k | $121k | ($2.7m) | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Accounts Receivable, Credit Loss Expense (Reversal) | — | — | — | — | — | — | $424k | $424k | $104k | $9k | ($2.6m) | |
| Receivables, net | ($936k) | ($10.3m) | ($8.1m) | ($2.6m) | $6.6m | $2.2m | $8.8m | ($42k) | ($11.7m) | ($4.7m) | — | |
| (Write-off)/contribution from principal stockholder in accounts receivable | — | — | — | — | — | — | — | — | $614k | $0 | — | |
| Increase (Decrease) in Inventories | $15.4m | $2.8m | $10.4m | $10.9m | ($5.3m) | $1.8m | $10.3m | $11.5m | ($31.2m) | $376k | ($8.4m) | |
| Inventory Write-down | $16.3m | $839k | — | — | — | — | — | — | — | — | — | |
| Inventories | ($2.8m) | ($11.2m) | ($4.3m) | $5.3m | ($1.8m) | ($10.3m) | ($11.5m) | $31.2m | ($376k) | ($7.0m) | ($8.4m) | |
| Accounts payable and accrued expenses | ($24.4m) | ($9.8m) | $5.6m | $7.6m | ($6.6m) | $6.0m | $2.7m | ($24.0m) | $19.8m | ($5.1m) | — | |
| Capital expenditures in accounts payable and accrued liabilities | $1.1m | $20k | $41k | $494k | $92k | $232k | $19k | $117k | $782k | $10k | ($3.1m) | |
| Deferred financing fees in accrued liabilities | — | — | — | — | $650k | $150k | $1.1m | $1k | $135k | $0 | — | |
| Prepaid expenses and other current assets | $598k | ($1.8m) | $633k | $2.9m | $533k | $2.7m | $1.2m | ($655k) | $298k | $130k | — | |
| Other assets and liabilities | ($25k) | ($711k) | $327k | ($3.2m) | $4.2m | ($5.4m) | ($2.1m) | ($8.2m) | ($242k) | ($40k) | — | |
| Net Cash Provided by (Used in) Operating Activities | ($29.7m) |
($29.7m)
0.00%
|
($40.4m)
-36.12%
|
$2.6m
+106.48%
|
$16.8m
+542.93%
|
($25.1m)
-249.06%
|
($221k)
+99.12%
|
($19.3m)
-8615.38%
|
$1.6m
+108.51%
|
$22.1m
+1245.06%
|
$5.9m
-73.29%
|
|
| Cash flows from investing activities: | ||||||||||||
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | $2.1m | $5.1m | ($293k) | ($293k) | ($128k) | ($12k) | ($12k) | ($121k) | ($260k) | ($88k) | $1.5m | |
| Payments for capital expenditures | ($14.3m) | ($3.4m) | ($3.1m) | ($4.5m) | ($3.5m) | ($5.1m) | ($2.8m) | ($1.5m) | ($4.2m) | ($4.3m) | — | |
| Net Cash Provided by (Used in) Investing Activities | ($14.3m) | ($14.3m) | ($3.4m) | ($3.7m) | ($4.5m) | ($3.5m) | ($5.1m) | $1.5m | $75.5m | ($4.2m) | ($3.1m) | |
| Cash flows from financing activities: | ||||||||||||
| Gain (Loss) on Extinguishment of Debt | — | — | ($816k) | ($816k) | — | ($1.5m) | ($1.5m) | ($3.1m) | ($3.1m) | — | — | |
| Repayments of Long-term Debt | — | — | — | — | — | — | — | — | $15.0m | $15.0m | ($228.0m) | |
| Loss on debt extinguishment | — | — | $816k | $816k | — | $1.5m | $1.5m | $3.1m | $3.1m | — | — | |
| Proceeds from borrowings under the Revolving Credit Facilities | ($9.8m) | $11.7m | $2.1m | $310.4m | $250.4m | $331.5m | $402.7m | $245.1m | $211.2m | $219.6m | — | |
| Repayment of borrowings under the Revolving Credit Facilities | ($191.2m) | ($409.7m) | $409.7m | ($301.7m) | ($237.7m) | ($337.3m) | ($378.8m) | ($289.4m) | ($214.0m) | ($220.3m) | — | |
| Repayment of borrowings under the Third Lien Credit Facility | — | — | — | — | — | — | — | — | ($15.0m) | $0 | — | |
| Deemed contribution in connection with debt extinguishment | — | — | — | — | — | — | — | — | $11.6m | $0 | — | |
| Proceeds from Issuance of Common Stock | $63.8m | $63.8m | $29.0m | — | — | $150k | $150k | $825k | $29k | $29k | — | |
| Proceeds from issuance of common stock, net of certain fees | $63.8m | $29.0m | $29.0m | — | — | $150k | $825k | $825k | $29k | $2.0m | — | |
| Net Cash Provided by (Used in) Financing Activities | $58.7m |
$58.7m
0.00%
|
$28.2m
-52.02%
|
($4.7m)
-116.82%
|
($12.0m)
-153.13%
|
$31.8m
+365.09%
|
$2.5m
-92.09%
|
$17.8m
+608.47%
|
($77.1m)
-532.76%
|
($18.4m)
+76.15%
|
($4.6m)
+74.76%
|
|
| (Decrease) increase in cash, cash equivalents, and restricted cash | $14.7m | ($15.6m) | ($5.3m) | $305k | $3.2m | ($2.8m) | $18k | $101k | ($554k) | ($120k) | — | |
| Cash, cash equivalents, and restricted cash, beginning of period | $21.0m | $5.4m | $129k | $646k | $3.9m | $1.1m | $1.1m | $1.2m | $666k | $557k | — | |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | — | — | $2k | ($20k) | ($7k) | ($7k) | $2k | $2k | $1k | $11k | $0 | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | $4.7m | $4.7m | $5.5m | $4.2m | $3.1m | $4.5m | $3.4m | $6.4m | $1.8m | — | |
| Income Taxes Paid, Net | $1.5m | $330k | ($239k) | $27k | ($13k) | ($113k) | $74k | $165k | $752k | $25k | — | |
| Additional Financial Items | ||||||||||||
| Gain (Loss) on Disposition of Intangible Assets | — | — | — | — | — | — | $1.6m | $1.6m | $32.8m | — | — | |
| Goodwill | $63.7m | $41.4m | $41.4m | $43.6m | $41.4m | $32.0m | $32.0m | $32.0m | $32.0m | $0 | $0 | |
| Income Tax Expense (Benefit) | $3.2m | $93.7m | ($572k) | $156k | $98k | $1.9m | $4.6m | $3.0m | ($3.5m) | ($3.6m) | — | |
| Operating Lease, Expense | — | — | $27.7m | $27.7m | $29.2m | — | — | — | — | — | — | |
| Payments of Financing Costs | — | $555k | $555k | $2.5m | $13k | $715k | $2.2m | $1.1m | $3.3m | $332k | — | |
| Allowance for doubtful accounts | — | — | — | — | — | — | $424k | $104k | $9k | $6.5m | — | |
| Gain on sale of intangible assets | — | — | — | — | — | — | ($1.6m) | ($32.8m) | ($32.8m) | — | — | |
| Gain on sale of subsidiary | — | — | — | — | — | — | — | — | ($7.6m) | $0 | — | |
| Capitalized PIK Interest due to loan with former related party | — | — | — | — | $348k | $2.3m | $2.9m | $4.0m | $4.5m | $1.0m | — | |
| Proceeds from sale of intangible assets | — | — | — | — | — | — | $4.2m | $77.5m | $77.5m | — | — | |
| Tax withholdings related to restricted stock vesting | — | — | — | ($321k) | ($222k) | ($69k) | ($213k) | ($142k) | ($264k) | $0 | — | |
| Financing fees | — | ($555k) | ($2.5m) | ($13k) | ($715k) | ($2.2m) | ($1.1m) | ($3.3m) | ($332k) | ($135k) | — | |
| Less: restricted cash at end of period | — | — | $152k | $180k | $81k | $40k | $37k | $862k | $59k | $59k | — | |
| Cash and cash equivalents per balance sheet at end of period | $21.0m | $5.4m | $209k | $466k | $3.8m | $1.1m | $1.1m | $357k | $607k | $498k | — | |
| Cash payments for interest | $3.0m | $4.7m | $4.5m | $4.2m | $3.1m | $4.5m | $3.4m | $6.4m | $1.8m | $2.1m | — | |
| Cash payments for income taxes, net of refunds | $330k | ($239k) | ($9k) | ($13k) | ($113k) | $74k | $165k | $752k | $25k | $1.8m | — |