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CONSOLIDATED AND COMBINED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 6 Months Ended
Mar. 29, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net Income $ 18,233 $ 70,323
Adjustments to reconcile Net Income to Net cash provided by operating activities:    
Depreciation and amortization 70,575 67,507
Deferred income taxes (5,735) 753
Share-based compensation expense 9,447 7,950
Asset write-down 772 7,698
Loss on disposals of property and equipment 242 0
Amortization of debt issuance costs 799 0
Loss on extinguishment of debt 3,883 0
Changes in operating assets and liabilities:    
Receivables, net (12,923) (10,220)
Inventories, net 33,838 (29,919)
Rental merchandise in service, net (1,490) 607
Other current assets (9,283) 3,353
Accounts payable 12,334 (13,493)
Accrued expenses 25,242 (26,464)
Changes in other noncurrent liabilities (12,025) (513)
Changes in other assets (6,194) (1,840)
Other operating activities (173) (6,977)
Net cash provided by operating activities 127,542 68,765
Cash flows from investing activities:    
Purchases of property and equipment and other (29,825) (32,345)
Disposals of property and equipment 0 10,652
Net cash used in investing activities (29,825) (21,693)
Cash flows from financing activities:    
Proceeds from long-term borrowings 798,000 0
Payments of long-term borrowings (862,500) 0
Payments of financing lease obligations (15,148) (13,852)
Net cash distributions (to) from Parent (6,051) (46,941)
Dividend payments (4,600) 0
Debt issuance costs (11,134) 0
Other financing activities (1,728) 0
Net cash used in financing activities (103,161) (60,793)
Effect of foreign exchange rates on cash and cash equivalents 52 478
(Decrease) increase in cash and cash equivalents (5,392) (13,243)
Cash and cash equivalents, beginning of period 36,051 23,736
Cash and cash equivalents, end of period $ 30,659 $ 10,493

Source

10-Q PDF
XBRL