← Utz Brands, Inc.

Annual Trend FY 2018 FY 2019 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 — — — ($14.0m) ($40.0m) $30.7m ($7.7m)
Net Income (Loss) Attributable to Parent — $8.0m $20.6m ($392k) ($24.9m) $16.0m $800k
Net Income (Loss) Available to Common Stockholders, Basic — — $20.2m ($392k) ($24.9m) $15.9m $800k
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest — $8.0m $8.0m — ($40.0m) $30.7m ($7.7m)
Net Income (Loss) Attributable to Noncontrolling Interest — — ($12.6m) — ($15.1m) $14.8m ($8.5m)
Depreciation, Depletion and Amortization $30.4m $29.3m $80.7m $80.7m $79.5m $70.9m $82.4m
Amortization of Debt Issuance Costs — — $3.9m — $1.6m $3.2m $1.4m
Amortization of Intangible Assets — — $37.0m — $37.7m $36.3m $36.1m
Depreciation $30.4m $29.3m $43.1m $80.7m $40.5m $33.4m $45.0m
Depreciation Amortization Depletion — — — $86.8m $79.5m $70.9m $82.4m
Amortization of deferred financing costs $2.4m $955k — $3.9m $1.9m $3.2m $1.4m
Deferred Income Tax Expense (Benefit) — — $4.8m — ($8.9m) $14.1m $2.4m
Deferred Income Tax — — — ($29.4m) ($8.9m) $14.1m $2.4m
Deferred Tax — — — ($29.4m) ($8.9m) $14.1m $2.4m
Deferred income taxes $900k $1.9m — $4.8m ($29.4m) $14.1m $2.4m
Share-based Payment Arrangement, Noncash Expense — — $13.0m — $17.1m $18.3m $17.1m
Payment, Tax Withholding, Share-based Payment Arrangement — — — — $589k $1.4m $2.2m
Share-based Payment Arrangement, Expense — — $10.3m — $15.3m $17.4m $15.3m
Asset Impairment Charge — — — $4.7m $12.6m $0 $600k
Impairment and other charges $2.9m $3.9m — $0 $4.7m $0 $600k
Share-based compensation — — — $13.0m $10.6m $18.3m $17.1m
Gain (Loss) on Disposition of Property Plant Equipment $4.7m $12.1m $1.1m $3.0m $4.3m $26.6m $24.6m
Gain (Loss) on Disposition of Assets — — $1.9m ($1.9m) ($7.3m) ($78k) $9.2m
Gain (Loss) on Disposition of Intangible Assets — — $731k ($1.9m) $7.3m $78k ($9.2m)
Gain (Loss) on Disposition of Business — — — — — $44.0m $0
Gain (Loss) on Disposition of Other Assets — — — ($1.9m) $7.3m ($78k) $9.2m
Gain (Loss) on Extinguishment of Debt — $4.3m — $0 $0 ($1.3m) ($500k)
Income Tax Expense (Benefit) — — $8.1m — $757k $38.7m $7.1m
Interest Expense Nonoperating — — — — — $44.9m $43.1m
Other Nonoperating Income (Expense) — — $3.6m — $3.1m $2.5m $700k
Loss on debt extinguishment — $4.3m — $0 $0 $1.3m $500k
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable — — $4.5m — ($1.9m) ($6.8m) ($19.1m)
Increase (Decrease) in Inventories — — $10.6m — ($12.7m) $4.6m $17.9m
Increase (Decrease) in Accounts Payable — ($103k) — — — — —
Accounts Receivable, Credit Loss Expense (Reversal) — — — — $1.2m $700k $100k
General and Administrative Expense — $998k $125.9m — $159.2m $129.6m $144.3m
Goodwill — — $915.4m — $915.3m $870.7m $865.2m
Investment Income, Interest — $9.0m — — — — —
Nonoperating Income (Expense) — — $5.5m — ($55.3m) $10.6m ($20.1m)
Proceeds from Contributed Capital — — $0 — — — —
Cash Flow From Continuing Operating Activities $15.7m ($360k) — $48.2m $76.6m $106.2m $112.2m
Beginning Cash Position — — — $41.9m $72.9m $52.0m $56.1m
Cash Flow From Continuing Financing Activities — — — $58.9m ($49.0m) ($177.1m) $39.0m
Cash Flow From Continuing Investing Activities — — — ($76.1m) ($48.5m) $75.0m ($86.9m)
Change In Account Payable — — — $51.4m $9.3m $123.1m $54.5m
Change In Inventory — — — ($38.5m) $12.7m ($4.6m) ($17.9m)
Change In Payable — — — $51.4m $9.3m $123.1m $54.5m
Change In Payables And Accrued Expense — — — $51.4m $9.3m $123.1m $54.5m
Change In Prepaid Assets — — — ($18.4m) ($14.4m) ($103.5m) ($8.2m)
Change In Receivables — — — ($5.6m) $1.9m $6.8m $19.1m
Change In Working Capital — — — ($11.0m) $9.5m $21.8m $47.5m
Changes In Account Receivables — — — ($5.6m) $1.9m $6.8m $19.1m
Changes In Cash — — — $31.0m ($20.9m) $4.1m $64.3m
End Cash Position — — — $72.9m $52.0m $56.1m $120.4m
Financing Cash Flow — — — $58.9m ($49.0m) ($177.1m) $39.0m
Free Cash Flow — — — ($39.8m) $20.9m ($1.6m) $9.4m
Gain Loss On Investment Securities — — — ($720k) ($2.2m) ($10.2m) ($22.8m)
Gain Loss On Sale Of Business — — — $0 $0 ($44.0m) $0
Investing Cash Flow — — — ($76.1m) ($48.5m) $75.0m ($86.9m)
Issuance Of Capital Stock — — $0 $28.0m $0 $0 —
Net Business Purchase And Sale — — — ($75k) $0 $167.5m $0
Net Intangibles Purchase And Sale — — — $23.4m $28.7m $17.5m $26.4m
Net PPE Purchase And Sale — — — ($83.6m) ($46.2m) ($72.0m) ($78.2m)
Operating Gains Losses — — — ($1.4m) $5.2m ($52.8m) ($31.5m)
Other Non Cash Items — — — $1.9m $1.6m $3.2m $1.4m
Proceeds From Stock Option Exercised — — $57.2m $0 $0 — —
Purchase Of Business — — ($117.6m) ($75k) $0 $0 —
Purchase Of Intangibles — — — $0 $0 ($9.2m) $0
Purchase Of PPE — — — ($88.0m) ($55.7m) ($98.6m) ($102.8m)
Sale Of Business — — — $0 $0 $167.5m $0
Sale Of Intangibles — — — $23.4m $28.7m $26.7m $26.4m
Sale Of PPE — — — $4.3m $9.5m $26.6m $24.6m
Stock Based Compensation — — — $10.6m $17.1m $18.3m $17.1m
Net (loss) income ($27.6m) $8.0m — $8.0m ($14.0m) $30.7m ($7.7m)
Gain on sale of business — — — — $0 ($44.0m) $0
Gain on remeasurement of warrant liability — $0 — ($36.7m) ($720k) ($10.2m) ($22.8m)
(Gain) loss on sale of assets — — — ($1.9m) $7.3m $78k ($9.2m)
Accounts receivable, net ($76k) $11.5m — ($4.5m) ($5.6m) $6.8m $19.1m
Inventories $2.9m $3.5m — ($10.6m) ($38.5m) ($4.6m) ($17.9m)
Prepaid expenses and other assets $583k ($2.0m) — ($2.9m) ($18.4m) ($103.5m) ($8.2m)
Accounts payable and accrued expenses and other $7.5m $1.2m — ($5.5m) $51.4m $123.1m $54.5m
Purchases of intangibles — — — ($1.8m) $0 ($9.2m) $0
Proceeds from sale of business — — — — $0 $167.5m $0
Proceeds from sale of routes $4.3m $3.0m — $14.2m $23.4m $26.7m $26.4m
Proceeds from the sale of IO notes — $33.2m — $11.8m $5.0m $4.9m $6.1m
Proceeds from insurance claims for capital investments — — — $0 $3.9m $0 $0
Purchase of IO routes and other changes in note receivables ($1.8m) ($6.3m) — ($14.0m) ($24.7m) ($42.9m) ($41.2m)
Borrowings on line of credit — — — $36.0m $36.0m $114.5m $241.0m
Repayments on line of credit — — — ($85.1m) ($70.6m) ($114.7m) ($241.0m)
Borrowings on term debt and notes payable $1.4m $121.2m — $861.1m $124.6m $39.1m $104.5m
Payments of tax withholding requirements for employee stock awards — — — $0 ($6.2m) ($1.4m) ($2.2m)
Net cash provided by operating activities $15.7m ($360k) — $48.4m $76.6m $106.2m $112.2m
Net Cash Provided by (Used in) Operating Activities $15.7m ($360k) $48.4m $48.4m $76.6m $106.2m $112.2m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $13.0m $20.0m $31.7m $31.7m $55.7m $98.6m $102.8m
Payments to Acquire Businesses, Net of Cash Acquired — — — — $0 $0 —
Net Investment Purchase And Sale — — — $3.9m $1.7m $0 $0
Sale Of Investment — — — $3.9m $1.7m $0 $0
Net Other Investing Changes — — — ($19.7m) ($32.7m) ($38.0m) ($35.1m)
Net cash (used in) provided by investing activities ($2.2m) ($115.9m) — ($136.1m) ($76.1m) $75.0m ($86.9m)
Net Cash Provided by (Used in) Investing Activities ($2.2m) ($115.9m) ($136.1m) ($136.1m) ($48.5m) $75.0m ($86.9m)
Cash flows from financing activities:
Issuance Of Debt — — — $203.6m $84.1m $153.6m $345.5m
Long Term Debt Issuance — — — $124.6m $84.1m $153.6m $345.5m
Net Issuance Payments Of Debt — — — $67.6m ($15.7m) ($135.0m) $80.6m
Net Long Term Debt Issuance — — — $103.6m ($15.7m) ($135.0m) $80.6m
Net Short Term Debt Issuance — — $36.0m ($36.0m) $368k ($199k) —
Short Term Debt Issuance — — $121.1m $79.0m $71.0m $114.5m —
Payment of debt issuance cost — $0 — ($9.2m) ($3.7m) ($733k) ($1.7m)
Long Term Debt Payments — — — ($21.0m) ($99.8m) ($288.6m) ($264.9m)
Repayment Of Debt — — — ($136.0m) ($99.8m) ($288.6m) ($264.9m)
Short Term Debt Payments — — ($85.1m) ($115.0m) ($70.6m) ($114.7m) —
Repayments on term debt and notes payable ($5.6m) ($135.1m) — ($795.5m) ($21.0m) ($173.7m) ($23.9m)
Proceeds from Issuance of Common Stock — — — — $0 $0 —
Common Stock Issuance — — $0 $28.0m $0 $0 —
Net Common Stock Issuance — — $0 $28.0m $0 $0 —
Distribution to noncontrolling interest ($1.9m) ($2.5m) — ($19.0m) ($9.6m) ($18.3m) ($15.4m)
Dividends paid $0 $0 $11.9m ($11.9m) $18.5m $21.7m $22.3m
Payments of Dividends — — $11.9m — $18.5m $21.7m $22.3m
Dividends Payable, Current — — $4.2m — $8.0m $8.6m $9.0m
Dividends Payable — — $4.2m — — — —
Cash Dividends Paid — — — ($17.2m) ($18.5m) ($21.7m) ($22.3m)
Common Stock Dividend Paid — — — ($17.2m) ($18.5m) ($21.7m) ($22.3m)
Net Other Financing Charges — — — ($19.5m) ($14.8m) ($20.4m) ($19.3m)
Net cash provided (used in) by financing activities ($16.4m) $96.0m — $82.8m $58.9m ($177.0m) $39.0m
Net Cash Provided by (Used in) Financing Activities ($16.4m) $96.0m $82.8m $82.8m ($49.1m) ($177.0m) $39.0m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect ($2.8m) ($360k) ($4.9m) ($4.9m) ($20.9m) $4.1m $64.3m
Net increase (decrease) in cash and cash equivalents ($2.8m) ($360k) — ($4.9m) $31.0m $4.1m $64.3m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — $41.9m — $52.0m $56.1m $120.4m
Cash and cash equivalents at beginning of period $6.9m $15.1m — $41.9m $72.9m $56.1m $120.4m
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — $31.0m ($20.9m) $4.1m $64.3m
Interest Paid, Excluding Capitalized Interest, Operating Activities — — $31.6m $41.7m $46.9m $45.0m $44.9m
Income Taxes Paid, Net — — $3.7m $7.0m — — $3.5m

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