EWCZ · As filed with the SEC
European Wax Center cash flow statement, by fiscal year
The statement as European Wax Center presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
CONSOLIDATED STATEMENTS OF CASH FLOW · USD
| USD | FY2026 Year ended Jan 3, 2026 | FY2025 Year ended Jan 4, 2025 | FY2023 Year ended Jan 6, 2024 | FY2022 Year ended Dec 31, 2022 | FY2021 Year ended Dec 25, 2021 | FY2020 Year ended Dec 26, 2020 |
|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||
| Net income | 11,869,000 | 14,681,000 | 12,346,000 | 13,613,000 | 3,967,000 | (21,495,000) |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||
| Depreciation and amortization | 20,402,000 | 20,279,000 | 20,170,000 | 20,231,000 | 20,333,000 | 19,582,000 |
| Amortization of deferred financing costs | 5,924,000 | 5,590,000 | 5,417,000 | 3,852,000 | 1,044,000 | 1,284,000 |
| Gain on interest rate cap | — | 0 | 0 | (196,000) | 0 | 0 |
| Loss on debt extinguishment | — | 0 | 0 | 1,957,000 | 6,313,000 | 0 |
| Loss on noncancellable contracts | — | — | — | 0 | 0 | 1,085,000 |
| Provision for inventory obsolescence | — | 259,000 | (63,000) | (66,000) | 317,000 | 6,656,000 |
| (Decrease) provision for inventory obsolescence | (61,000) | — | — | — | — | — |
| Provision for bad debts | 17,000 | 570,000 | 129,000 | 76,000 | 616,000 | 0 |
| Gain on sale of centers | 0 | (81,000) | — | — | — | — |
| Loss on disposal of property and equipment | 125,000 | 3,000 | 11,000 | 7,000 | 335,000 | (41,000) |
| Deferred income taxes | 4,345,000 | 2,334,000 | 5,623,000 | (53,714,000) | 0 | 0 |
| Remeasurement of tax receivable agreement liability | 91,000 | 5,399,000 | (512,000) | 56,228,000 | 195,000 | 0 |
| Equity compensation | 6,531,000 | 5,150,000 | 10,988,000 | 9,033,000 | 11,135,000 | 2,052,000 |
| Changes in assets and liabilities: | ||||||
| Accounts receivable | (3,690,000) | 1,327,000 | (2,701,000) | (802,000) | (2,185,000) | 1,721,000 |
| Inventory, net | 1,359,000 | 1,418,000 | 2,313,000 | (3,528,000) | (9,460,000) | 5,101,000 |
| Prepaid expenses and other assets | 1,315,000 | 2,800,000 | 1,213,000 | 3,186,000 | (1,916,000) | (2,124,000) |
| Accounts payable and accrued liabilities | 7,566,000 | (417,000) | 529,000 | (5,694,000) | 8,707,000 | (10,499,000) |
| Deferred revenue | (1,196,000) | (1,704,000) | 891,000 | 1,194,000 | 912,000 | (666,000) |
| Other long-term liabilities | (1,598,000) | (1,102,000) | (752,000) | (1,022,000) | 1,033,000 | (1,259,000) |
| Net cash provided by operating activities | 52,999,000 | 56,506,000 | 55,602,000 | 44,355,000 | 41,346,000 | 1,397,000 |
| Cash flows from investing activities: | ||||||
| Purchases of property and equipment | (2,912,000) | (521,000) | (785,000) | (245,000) | (559,000) | (2,158,000) |
| Reacquisition of area representative rights | — | — | 0 | 0 | (7,644,000) | (34,685,000) |
| Cash received for sale of center | 0 | 135,000 | — | — | — | — |
| Net cash used in investing activities | (2,912,000) | (386,000) | (785,000) | (245,000) | (8,203,000) | (36,843,000) |
| Cash flows from financing activities: | ||||||
| Proceeds on line of credit | — | — | — | 0 | 0 | 27,000,000 |
| Payments on line of credit | — | — | 0 | 0 | (30,000,000) | 0 |
| Proceeds on long-term debt | — | 0 | 0 | 384,328,000 | 179,370,000 | 15,000,000 |
| Principal payments on long-term debt | (4,000,000) | (4,000,000) | (4,000,000) | (182,000,000) | (240,553,000) | (2,397,000) |
| Deferred loan costs | — | 0 | 0 | (12,419,000) | (1,294,000) | (763,000) |
| Payments of debt extinguishment costs | — | 0 | 0 | (77,000) | (2,446,000) | 0 |
| Distributions to EWC Ventures LLC members | (3,754,000) | (4,313,000) | (3,398,000) | (8,697,000) | (5,270,000) | (1,847,000) |
| Contributions from EWC Ventures LLC members | — | — | — | 0 | 0 | 24,909,000 |
| Proceeds from public offerings of Class A common stock, net of underwriting discounts and offering expenses | — | — | 0 | 0 | 212,941,000 | 0 |
| Payment of Class A common stock offering costs | — | 0 | 0 | (870,000) | 0 | 0 |
| Repurchase of Class A Units | — | — | 0 | 0 | (942,000) | 0 |
| Repurchase of Class A common stock | (6,092,000) | (40,148,000) | (29,920,000) | (10,080,000) | 0 | 0 |
| Repurchase of Class B common stock and EWC Ventures common units | — | — | 0 | 0 | (138,368,000) | 0 |
| Taxes on vested restricted stock units paid by withholding shares | (171,000) | (557,000) | (537,000) | (643,000) | 0 | 0 |
| Dividends to holders of Class A common stock | — | 0 | 0 | (122,227,000) | 0 | 0 |
| Dividend equivalents to holders of EWC Ventures units | (10,000) | (789,000) | (2,849,000) | (83,020,000) | 0 | 0 |
| Payments pursuant to tax receivable agreement | (9,773,000) | (9,347,000) | (5,679,000) | (912,000) | 0 | 0 |
| Net cash used in financing activities | (23,800,000) | (59,154,000) | (46,383,000) | (36,617,000) | (26,562,000) | 61,902,000 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 26,287,000 | (3,034,000) | 8,434,000 | 7,493,000 | 6,581,000 | 26,456,000 |
| Cash, cash equivalents and restricted cash, beginning of period | 56,194,000 | 59,228,000 | 50,794,000 | 43,301,000 | 36,720,000 | 10,264,000 |
| Cash, cash equivalents and restricted cash, end of period | 82,481,000 | 56,194,000 | 59,228,000 | 50,794,000 | 43,301,000 | 36,720,000 |
| Supplemental cash flow information: | ||||||
| Cash paid for interest | 21,671,000 | 21,894,000 | 22,244,000 | 18,460,000 | 11,763,000 | 16,469,000 |
| Cash paid for income taxes | 214,000 | 498,000 | 860,000 | 169,000 | 10,000 | 0 |
| Non-cash investing activities: | ||||||
| Property purchases included in accounts payable and accrued liabilities | 105,000 | 593,000 | 0 | 37,000 | 89,000 | 33,000 |
| Property purchases included in additional paid-in capital | — | 116,000 | — | — | — | — |
| Right-of-use assets obtained in exchange for operating lease liabilities | — | 592,000 | 368,000 | — | 0 | — |
| Non-cash equity distributions | — | — | 0 | 0 | 689,000 | 122,000 |
| Public offering expenses in accounts payable and accrued liabilities | — | — | 0 | 0 | 870,000 | 0 |
| Property purchases included in additional paid-in capital | 6,526,000 | — | — | — | — | — |
| Right-of-use assets obtained in exchange for operating lease liabilities | 1,199,000 | — | — | — | — | — |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.