Adjustments for Non-Cash Items (USD, thousands)

Stock-Based Compensation (USD, thousands)

Changes in Working Capital (USD, thousands)

Capital Expenditures (CapEx) (USD, thousands)

Proceeds from / Repayments of Debt (USD, thousands)

Share Repurchases (USD, thousands)

Dividend Payments (USD, thousands)

Net Change in Cash (USD, thousands)

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Total Revenue (USD, thousands)

Cost of Goods Sold (COGS) (USD, thousands)

SG&A (USD, thousands)

R&D (USD, thousands)

D&A (USD, thousands)

Interest Expense (USD, thousands)

Operating Income (EBIT) (USD, thousands)

Net Income (USD, thousands)

EPS - Basic (USD)

EPS - Diluted (USD)

e2941a30f971fc763f5dd7f2b32239aa99d2d6de996247246080bd79ee29c1c2

Current Assets (USD, thousands)

Cash and Cash Equivalents (USD, thousands)

Accounts Receivable (USD, thousands)

Inventory (USD, thousands)

Non-Current Assets (USD, thousands)

Property, Plant, and Equipment (PP&E) (USD, thousands)

Goodwill (USD, thousands)

Intangible Assets (USD, thousands)

Current Liabilities (USD, thousands)

Accounts Payable (USD, thousands)

Short-term Debt (USD, thousands)

Accrued Expenses (USD, thousands)

Non-Current Liabilities (USD, thousands)

Long-term Debt (USD, thousands)

Lease Liabilities (USD, thousands)

Deferred Tax Liabilities (USD, thousands)

Shareholders' Equity (USD, thousands)

Retained Earnings (USD, thousands)

Common Stock (USD, thousands)

Additional Paid-in Capital (USD, thousands)

1d11b0796749398f8eb630cb49ff14ad1fb8305ed464de484748050733d79971

The surge in **Cash and cash equivalents** during Q3 2024 was primarily driven by a **net cash inflow of $3,631,000** from financing activities. This included **net borrowings on the revolving credit facility of $7,214,000**, which was partially offset by approximately **$3,453,000** in payments on notes payable and finance leases. In addition, there were contributions from operating and investing activities as well as cash management improvements, such as a **$451,000 increase in outstanding checks in excess of cash** that also boosted the ending cash balance.  **[0000029332-24-000064_dxyn-20240928.htm:4]** 

What caused the surge in Cash and cash equivalents in Q3 2024?

The significant drop in **Long-Term Debt, Net** in Q4 2023 was primarily driven by the **sale of the Dyersville facility**. This transaction, combined with **improved operating results**, a **decrease in inventory**, and the **timing of lower cost of expense payments and purchases**, significantly reduced the company's debt levels. These favorable factors, however, were partly offset by costs associated with **facility consolidations**.  **[0000029332-24-000020_dxyn-20231230.htm:58]** **[DXYN_3377085_2]** 

Why did Long-Term Debt, Net drop so significantly in Q4 2023?

The decline in **Prepaid and other current assets** in Q3 2024 was primarily driven by **prepaid sample and marketing expenses**, as these expenses resulted in a reduction of **$3,953 thousand**, with **$2.6 million** used during the first nine months of 2024.  **[0000029332-24-000064_dxyn-20240928.htm:2]** **[0000029332-24-000064_dxyn-20240928.htm:28]** 

What drove the decline in Prepaid and other current assets in Q3 2024?

The sharp increase in **Accounts payable** in Q1 2024 was primarily due to **higher raw material purchases** to replenish inventory and support increased production in anticipation of higher demand, coupled with **quarter-end timing of payments** to suppliers that delayed outflows. This led to an increase of **$7,884,000** from **$13,935,000** at the end of Q4 2023 to **$21,819,000** at the end of Q1 2024.  **[0000029332-24-000036_dxyn-20240330.htm:2]** **[0000029332-24-000032_pressreleaseq12024.htm:3]** **[0000029332-24-000032_pressreleaseq12024.htm:1]** **[0000029332-24-000036_dxyn-20240330.htm:24]** 

What led to the sharp increase in Accounts payable in Q1 2024?

4e03c1a7c806a2dbc5ae0d53a4cf5d7db07afa0e7f96029aeb1ac5c8269b0de7

Cash and cash equivalents (USD, thousands)

Receivables, net of allowances for expected credit losses (USD, thousands)

Inventories, net (USD, thousands)

Prepaid and other current assets (USD, thousands)

TOTAL CURRENT ASSETS (USD, thousands)

PROPERTY, PLANT AND EQUIPMENT, NET (USD, thousands)

OPERATING LEASE RIGHT-OF-USE ASSETS (USD, thousands)

OTHER ASSETS (USD, thousands)

LONG-TERM ASSETS OF DISCONTINUED OPERATIONS (USD, thousands)

TOTAL ASSETS (USD, thousands)

Accounts payable (USD, thousands)

Accrued expenses (USD, thousands)

Current portion of long-term debt (USD, thousands)

Current portion of operating lease liabilities (USD, thousands)

Current liabilities of discontinued operations (USD, thousands)

TOTAL CURRENT LIABILITIES (USD, thousands)

LONG-TERM DEBT, NET (USD, thousands)

OPERATING LEASE LIABILITIES (USD, thousands)

OTHER LONG-TERM LIABILITIES (USD, thousands)

LONG-TERM LIABILITIES OF DISCONTINUED OPERATIONS (USD, thousands)

TOTAL STOCKHOLDERS' EQUITY (USD, thousands)

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (USD, thousands)

9d75db76aa69d88a030f8a2e68d936c43852fe6ff91db10b8c9738f3d4d63d42

Loss from continuing operations (USD, thousands)

Loss from discontinued operations (USD, thousands)

Net loss (USD, thousands)

Depreciation and amortization (USD, thousands)

Net gain on property, plant and equipment disposals (USD, thousands)

Stock-based compensation expense (USD, thousands)

Expense for expected credit losses (USD, thousands)

NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES (USD, thousands)

NET CASH USED IN OPERATING ACTIVITIES - DISCONTINUED OPERATIONS (USD, thousands)

Net proceeds from sales of property, plant and equipment (USD, thousands)

Purchase of property, plant and equipment (USD, thousands)

NET CASH USED IN INVESTING ACTIVITIES (USD, thousands)

Net borrowings (payments) on revolving credit facility (USD, thousands)

Payments on notes payable - buildings and other term loans (USD, thousands)

Payments on notes payable - other (USD, thousands)

Payments on finance leases (USD, thousands)

Change in outstanding checks in excess of cash (USD, thousands)

Repurchases of Common Stock (USD, thousands)

NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES (USD, thousands)

Interest paid (USD, thousands)

Income taxes paid, net of (tax refunds) (USD, thousands)

Right-of-use assets obtained in exchange for new operating lease liabilities (USD, thousands)

Deposits utilized on property, plant & equipment purchases (USD, thousands)

Payments for debt issuance costs (USD, thousands)

Receivables (USD, thousands)

Inventories (USD, thousands)

Accounts payable and accrued expenses (USD, thousands)

Other operating assets and liabilities (USD, thousands)

Accrued purchases of equipment (USD, thousands)

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Net Sales (USD, thousands)

Cost of Sales (USD, thousands)

Gross Profit (USD, thousands)

Selling and Administrative Expenses (USD, thousands)

Other Operating (Income) Expense, Net (USD, thousands)

Facility Consolidation and Severance Expenses, Net (USD, thousands)

Operating Income (USD, thousands)

Other (Income) Expense, Net (USD, thousands)

Income (Loss) from Continuing Operations Before Taxes (USD, thousands)

Income Tax Provision (Benefit) (USD, thousands)

Income (Loss) from Continuing Operations (USD, thousands)

Loss from Discontinued Operations, Net of Tax (USD, thousands)

Net Income (Loss) (USD, thousands)

947860ff174f5dc9ed67af73e79cb6ba33cb14380e3a3f5625fbf786dff07e0b

Residential Floorcovering Products

Other Services

- Commercial Floorcovering Products (Discontinued)

Total Revenue

93d4e53eda3a4d48e6fd32bc272d5164286381e08bdbd771c471cb4cec6dad81

Dixie Group Inc (DXYN)

Financials