SHCO · As filed with the SEC
Soho House cash flow statement, by fiscal year
The statement as Soho House 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 Flows · USD
| USD | FY2024 Year ended Dec 29, 2024 | FY2023 Year ended Dec 31, 2023 | FY2023 Year ended Jan 1, 2023 | FY2022 Year ended Jan 2, 2022 |
|---|---|---|---|---|
| Cash flows from operating activities | ||||
| Net loss | (163,568,000) | (117,088,000) | (219,780,000) | (268,714,000) |
| Adjustments to reconcile net loss to net cash used in operating activities | ||||
| Depreciation and amortization | 101,521,000 | 111,403,000 | 99,930,000 | 83,613,000 |
| Share-based compensation | — | — | — | 26,660,000 |
| Non-cash share-based compensation (Note 14) | — | — | 26,207,000 | — |
| Non-cash share-based compensation (Note 13) | 14,665,000 | 18,875,000 | — | — |
| Deferred tax expense (benefit) | (3,827,000) | (607,000) | 237,000 | (273,000) |
| (Gain) loss on sale of property and other, net | — | — | (390,000) | (6,837,000) |
| Increase in provision for Soho Restaurants Limited loan and receivables | — | — | — | 0 |
| Loss (gain) on sale of property and other, net | 1,768,000 | 1,038,000 | — | — |
| Loss on impairment of long lived assets and intangible assets (Note 5, Note 8, and Note 9) | 32,345,000 | — | — | — |
| Loss on impairment of Goodwill (Note 9) | 6,204,000 | 47,455,000 | — | — |
| Provision for write-down of inventories | 0 | 6,827,000 | — | — |
| Share of (income) loss of equity method investments | (5,090,000) | (1,900,000) | (3,941,000) | 2,249,000 |
| Amortization of debt issuance costs | 2,795,000 | 2,808,000 | 4,315,000 | 4,632,000 |
| Loss on debt extinguishment (Note 11) | 0 | 3,278,000 | 0 | 14,126,000 |
| PIK interest (settled), net of non-cash interest | — | — | 36,254,000 | (57,634,000) |
| Imputed interest on interest free related party loans | — | — | 0 | 0 |
| PIK interest | 31,827,000 | 39,300,000 | — | — |
| Distributions from equity method investees | 985,000 | 368,000 | 3,281,000 | 601,000 |
| Foreign exchange loss (gain), net | 22,708,000 | (36,196,000) | 69,600,000 | 25,541,000 |
| Guarantee provision | — | — | 0 | 0 |
| Changes in assets and liabilities: | ||||
| Accounts receivable | (21,267,000) | (14,228,000) | (24,109,000) | (5,860,000) |
| Inventories | 2,551,000 | (9,747,000) | (31,029,000) | (7,561,000) |
| Operating leases, net | — | — | 25,190,000 | 26,973,000 |
| Operating leases, net | 1,738,000 | (2,194,000) | — | — |
| Other operating assets | 21,123,000 | (17,952,000) | (38,667,000) | (19,379,000) |
| Deferred revenue | 16,423,000 | 13,845,000 | 20,131,000 | 27,251,000 |
| Accounts payable and accrued and other liabilities | 26,776,000 | 4,527,000 | 47,453,000 | 27,193,000 |
| Net cash provided by (used in) operating activities | 89,677,000 | 49,812,000 | 14,682,000 | (127,419,000) |
| Cash flows from investing activities | ||||
| Purchase of property and equipment | (64,186,000) | (67,763,000) | (73,729,000) | (90,812,000) |
| Proceeds from sale of assets | 0 | 1,368,000 | 926,000 | 0 |
| Purchase of intangible assets | (17,746,000) | (17,966,000) | (21,672,000) | (12,270,000) |
| Acquisition of subsidiaries, net of cash acquired (Note 3) | — | — | 0 | 559,000 |
| Acquisition of noncontrolling interests (Note 3) | — | — | 0 | (8,803,000) |
| Acquisition of subsidiaries, net of cash acquired (Note 3) | — | 0 | — | — |
| Acquisition of noncontrolling interests (Note 3) | — | 0 | — | — |
| Investments in equity method investees (Note 5) | — | 0 | 0 | (7,813,000) |
| Property and casualty insurance proceeds received | — | — | 338,000 | 0 |
| Repayment from equity method investees | 10,695,000 | — | — | — |
| Property and casualty insurance proceeds received | 0 | 148,000 | — | — |
| Net cash used in investing activities | (71,237,000) | (84,213,000) | (94,137,000) | (119,139,000) |
| Cash flows from financing activities | ||||
| Repayment of borrowings (Note 12) | — | — | (736,000) | (613,984,000) |
| Repayment of borrowings (Note 11) | (1,777,000) | (117,790,000) | — | — |
| Payment for debt extinguishment costs (Note 11) | 0 | (1,686,000) | 0 | (9,109,000) |
| Issuance of related party loans | — | — | 3,217,000 | 4,014,000 |
| Repayment of related party loans | — | — | — | 0 |
| Issuance of related party loans | 0 | 0 | — | — |
| Proceeds from borrowings (Note 11) | 1,105,000 | 140,000,000 | 105,795,000 | 465,948,000 |
| Payments for debt issuance costs | 0 | (2,822,000) | (1,860,000) | (13,251,000) |
| Proceeds from finance leases | — | — | 0 | 0 |
| Principal payments on finance leases | (383,000) | (407,000) | (528,000) | (281,000) |
| Proceeds from financing obligation | — | 0 | 0 | 0 |
| Principal payments on financing obligation | — | 0 | (1,578,000) | (1,334,000) |
| Principal payments on financing obligation | 0 | — | — | — |
| Distributions to non-controlling interest | (1,454,000) | (390,000) | (1,206,000) | (700,000) |
| Contributions from noncontrolling interest | — | 0 | 0 | 644,000 |
| Dividends paid on redeemable preferred shares | — | — | — | 0 |
| Payment received for vested SHHL B ordinary shares | — | — | 0 | 0 |
| Senior Convertible Preference Shares Issued Net Of Issuance Costs | — | — | 0 | 161,574,000 |
| Purchase of treasury stock, inclusive of commissions (Note 17) | — | — | (50,000,000) | — |
| Senior convertible preference shares issued, net of issuance costs (Note 15) | — | 0 | — | — |
| Purchase of treasury stock, inclusive of commissions (Note 14) | (17,396,000) | (12,000,000) | — | — |
| Proceeds from issuance of SHHL redeemable C ordinary shares, net of issuance costs (Note 16) | — | 0 | 0 | 47,000,000 |
| Redemption of SHHL redeemable preferred shares | — | — | — | (19,899,000) |
| SHHL Redeemable preferred shares redeemed (Note 15) | — | 0 | 0 | — |
| Proceeds from initial public offering, net of offering costs (Note 1 and Note 2) | — | — | (269,000) | 387,538,000 |
| Proceeds from initial public offering, net of offering costs (Note 1 and Note 2) | 0 | 0 | — | — |
| Net cash provided by financing activities | (19,905,000) | 4,905,000 | 52,835,000 | 408,160,000 |
| Effect of exchange rate changes on cash and cash equivalents, and restricted cash | (3,323,000) | 3,060,000 | (3,999,000) | (910,000) |
| Net (decrease) increase in cash and cash equivalents, and restricted cash | (4,788,000) | (26,436,000) | (30,619,000) | 160,692,000 |
| Cash, cash equivalents and restricted cash | ||||
| Beginning of period | 161,106,000 | 190,043,000 | 220,662,000 | 59,970,000 |
| End of period | 156,318,000 | 163,607,000 | 190,043,000 | 220,662,000 |
| Supplemental disclosures: | ||||
| Cash paid for interest, net of capitalized interest | 34,385,000 | 32,254,000 | 29,893,000 | 130,263,000 |
| Cash paid for income taxes | 3,768,000 | 5,541,000 | 585,000 | 310,000 |
| Supplemental disclosures of non-cash investing and financing activities: | ||||
| Conversion of senior convertible preference shares to Class A common stock (Note 13) | — | 0 | 0 | 165,907,000 |
| SHHL C2 ordinary shares issued in exchange for acquisitions of businesses and non-controlling interests | — | 0 | 0 | 75,825,000 |
| Conversion of related party loan to SHHL A ordinary shares (Note 12) | — | — | — | 0 |
| Conversion of related party loan to SHHL A ordinary shares (Note 12) | — | 0 | 0 | — |
| Operating lease assets obtained in exchange for new operating lease liabilities | 75,039,000 | 124,779,000 | 133,743,000 | 170,105,000 |
| Acquisitions of property and equipment under finance leases (Note 12) | — | — | 12,315,000 | — |
| Non-cash dividends on senior convertible preference shares (Note 15) | — | — | 0 | 4,335,000 |
| Contingent consideration for Scorpios Acquisition (Note 3) | — | — | — | 0 |
| Non-cash additions to equity-method investments (Note 5) | — | — | — | 0 |
| Acquisitions of property and equipment under finance leases (Note 11) | 179,000 | 33,000 | — | — |
| Prepaid capital expenditures | 6,338,000 | — | — | — |
| Non-cash dividends on senior convertible preference shares (Note 15) | — | 0 | — | — |
| Accrued capital expenditures as of December 29, 2024, December 31, 2023 and January 1, 2023 | 11,451,000 | 13,760,000 | 15,257,000 | 6,422,000 |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.