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CONSOLIDATED AND COMBINED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 9 Months Ended
Jun. 28, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net Income $ 23,268 $ 119,186
Adjustments to reconcile Net Income to Net cash provided by operating activities:    
Depreciation and amortization 105,500 101,712
Deferred income taxes (10,166) 1,551
Share-based compensation expense 13,303 11,580
Asset write-down 980 7,698
Loss on disposals of property and equipment 618 0
Amortization of debt issuance costs 1,478 0
Loss on extinguishment of debt 3,883 0
Changes in operating assets and liabilities:    
Receivables, net (17,230) (18,317)
Inventories, net 21,136 (25,183)
Rental merchandise in service, net 178 (1,207)
Other current assets (6,230) 2,335
Accounts payable 14,471 (22,146)
Accrued expenses 54,511 (17,560)
Changes in other noncurrent liabilities (16,900) (1,440)
Changes in other assets (10,932) (6,845)
Other operating activities (1,668) (7,427)
Net cash provided by operating activities 176,200 143,937
Cash flows from investing activities:    
Purchases of property and equipment and other (50,787) (52,641)
Disposals of property and equipment 0 10,968
Other investing activities 0 75
Net cash used in investing activities (50,787) (41,598)
Cash flows from financing activities:    
Proceeds from long-term borrowings 798,000 0
Payments of long-term borrowings (879,500) 0
Payments of financing lease obligations (22,572) (20,803)
Net cash distributions to Parent (6,051) (91,706)
Dividend payments (9,199) 0
Debt issuance costs (11,134) 0
Other financing activities (1,853) 0
Net cash used in financing activities (132,309) (112,509)
Effect of foreign exchange rates on cash and cash equivalents (57) 682
(Decrease) increase in cash and cash equivalents (6,953) (9,488)
Cash and cash equivalents, beginning of period 36,051 23,736
Cash and cash equivalents, end of period $ 29,098 $ 14,248

Source

10-Q PDF
XBRL