← Leslie's, Inc.

Annual Trend FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income From Continuing Operations — — — $159.0m $27.2m ($23.4m) ($237.0m)
Net Income (Loss) Attributable to Parent — — $126.6m $159.0m $27.2m ($23.4m) ($237.0m)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest — — $126.6m $159.0m $27.2m ($23.4m) ($237.0m)
Depreciation, Depletion and Amortization $30.4m $28.9m $26.6m $27.8m $29.8m $29.2m $29.3m
Depreciation, Depletion and Amortization $30.4m $28.9m $26.6m $27.8m $29.8m $29.2m $29.3m
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
Deferred Income Tax Expense (Benefit) — — $2.8m $2.5m ($6.3m) $3.4m $4.5m
Deferred income taxes ($754k) ($7.8m) $2.8m $2.5m ($6.3m) $3.4m $4.5m
Deferred Income Tax — — — $2.5m ($6.3m) $3.4m $4.5m
Deferred Tax — — — $2.5m ($6.3m) $3.4m $4.5m
Share-based Payment Arrangement, Noncash Expense — — $24.2m $11.3m $11.7m $8.6m $6.2m
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
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) — — — — — — $0
Operating Lease, Impairment Loss — — — — — — $3.1m
Impairments — — — — $0 $0 $183.8m
Asset Impairment Charge — — — — $0 $0 $183.8m
Gain (Loss) on Extinguishment of Debt — — ($9.2m) $0 $0 — —
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
Other Nonoperating Income (Expense) — — ($2.4m) ($397k) $0 $0 —
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
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Inventories — — $47.8m $143.1m ($54.3m) ($85.9m) ($26.3m)
Increase (Decrease) in Accounts Payable — — — — — $1.9m ($15.7m)
Increase (Decrease) in Other Operating Assets — — $11.2m $12.7m $10.0m ($6.9m) ($3.0m)
Accounts Receivable, Credit Loss Expense (Reversal) — — $2.1m $1.2m $193k $1.5m —
Accrued capital expenditures — — $28.9m $31.7m $38.6m $47.2m $25.5m
Goodwill — — $101.1m $173.5m $180.7m $180.7m $0
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)
Accounts and other receivables ($5.6m) $1.8m ($9.5m) ($7.6m) $16.1m ($18.7m) $23.7m
Inventories ($3.8m) $1.8m ($47.8m) ($143.1m) $54.3m $85.9m $26.3m
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
Accounts payable — — — $55.5m ($97.9m) $1.9m ($15.7m)
Accrued expenses — — — ($31.7m) ($22.1m) $5.2m ($22.8m)
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
Borrowings on Revolving Credit Facility — $238.8m $0 $45.0m $264.0m $140.5m $159.5m
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
Income taxes, net of refunds received $12.9m $15.3m $28.6m $41.1m $22.6m $10.9m $3.4m
Beginning Cash Position — — — $343.5m $112.3m $55.4m $108.5m
Cash Flow From Continuing Financing Activities — — — ($158.9m) ($10.8m) ($7.2m) ($27.6m)
Cash Flow From Continuing Investing Activities — — — ($139.0m) ($52.5m) ($47.2m) ($25.4m)
Change In Account Payable — — — $55.5m ($97.9m) $1.9m ($15.7m)
Change In Accrued Expense — — — ($31.7m) ($22.1m) $5.2m ($22.8m)
Change In Income Tax Payable — — — $5.6m ($6.7m) ($4.7m) ($1.1m)
Change In Inventory — — — ($143.1m) $54.3m $85.9m $26.3m
Change In Other Current Assets — — — ($12.7m) ($10.0m) $6.9m $3.0m
Change In Other Working Capital — — — ($5.1m) $825k $6.1m $1.7m
Change In Payable — — — $61.1m ($104.6m) ($2.8m) ($16.9m)
Change In Payables And Accrued Expense — — — $29.4m ($126.8m) $2.4m ($39.7m)
Change In Prepaid Assets — — — ($1.5m) ($3.5m) ($1.0m) $1.9m
Change In Receivables — — — ($7.6m) $16.1m ($18.7m) $23.7m
Change In Tax Payable — — — $5.6m ($6.7m) ($4.7m) ($1.1m)
Change In Working Capital — — — ($140.6m) ($69.0m) $81.6m $16.9m
Changes In Cash — — — ($231.2m) ($56.9m) $53.1m ($44.2m)
End Cash Position — — — $112.3m $55.4m $108.5m $64.3m
Financing Cash Flow — — — ($158.9m) ($10.8m) ($7.2m) ($27.6m)
Free Cash Flow — — — $34.9m ($32.1m) $60.2m ($16.7m)
Investing Cash Flow — — — ($139.0m) ($52.5m) ($47.2m) ($25.4m)
Issuance Of Capital Stock — — $458.6m $0 $0 — —
Net Business Purchase And Sale — — — ($107.7m) ($15.5m) $0 $0
Net PPE Purchase And Sale — — — ($31.7m) ($38.6m) ($47.2m) ($25.5m)
Operating Gains Losses — — — $466k $6.4m $464k $192k
Other Non Cash Items — — — $2.0m $2.1m $2.2m $2.2m
Proceeds From Stock Option Exercised — — $0 $1.4m $0 $0 —
Provisionand Write Offof Assets — — — $1.2m $193k $1.5m ($1.4m)
Purchase Of Business — — — ($107.7m) ($15.5m) $0 $0
Purchase Of PPE — — — ($31.7m) ($38.6m) ($47.2m) ($25.5m)
Repurchase Of Capital Stock — — $0 ($152.1m) $0 $0 —
Sale Of PPE — — $2.4m $408k $1.6m — —
Stock Based Compensation — — — $11.3m $11.7m $8.6m $6.2m
Net Cash Provided by (Used in) Operating Activities $57.8m $103.4m $169.6m $66.6m $6.5m $107.5m $8.8m
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
Payments to Acquire Businesses, Net of Cash Acquired — — $8.9m $107.7m $15.5m $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
Net Cash Provided by (Used in) Investing Activities ($37.0m) ($26.8m) ($35.4m) ($139.0m) ($52.5m) ($47.2m) ($25.4m)
Cash flows from financing activities:
Proceeds from Issuance of Long-term Debt — — $907k $0 $0 — —
Issuance Of Debt — — — $45.0m $264.0m $140.5m $159.5m
Long Term Debt Issuance — — — $45.0m $264.0m $140.5m $159.5m
Net Issuance Payments Of Debt — — — ($8.1m) ($8.4m) ($6.2m) ($27.6m)
Net Long Term Debt Issuance — — — ($8.1m) ($8.4m) ($6.2m) ($27.6m)
Net Short Term Debt Issuance — — $0 $0 $0 $0 —
Short Term Debt Issuance — — $0 $45.0m $264.0m $140.5m —
Repayments of Long-term Debt — — $396.1m $8.1m $8.1m $6.1m $27.0m
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)
Repayment Of Debt — — — ($53.1m) ($272.4m) ($146.7m) ($187.1m)
Short Term Debt Payments — — $0 ($45.0m) ($264.0m) ($140.5m) —
Common Stock Issuance — — $458.6m $0 $0 — —
Net Common Stock Issuance — — $458.6m ($152.1m) $0 $0 —
Payments for Repurchase of Common Stock — — — $152.1m $0 $0 —
Common Stock Payments — — $0 ($152.1m) $0 $0 —
Net Other Financing Charges — — ($9.6m) — ($2.4m) ($998k) ($76k)
Net Cash Provided by (Used in) Financing Activities ($7.5m) ($10.4m) $53.8m ($158.9m) ($10.8m) ($7.2m) ($27.6m)
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)
Net (decrease) increase in cash and cash equivalents $13.3m $66.2m $188.0m ($231.2m) ($56.9m) $53.1m ($44.2m)
Cash and cash equivalents, beginning of year $90.9m $157.1m $345.1m $112.3m $55.4m $108.5m $64.3m
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — ($231.2m) ($56.9m) $53.1m ($44.2m)
Interest Paid, Excluding Capitalized Interest, Operating Activities — — $36.4m $32.6m $63.1m $63.2m $65.4m
Income Taxes Paid, Net — — $28.6m $41.1m $22.6m $10.9m $3.4m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.