7Baggers
Quarterly
Annual
    Unit: USD2025-09-28 2025-06-29 2025-03-30 2024-12-29 2024-09-29 2024-06-30 2024-03-31 2023-12-31 2023-10-01 2023-07-02 2023-04-02 2022-07-03 2022-04-03 2022-01-02 2021-10-03 2021-07-04 2021-04-04 2020-08-29 2020-06-30 2020-03-31 2019-12-31 2019-03-31 
      
    		                      
      cash flows from operating activities
    		                      
      net income
    		-20,200,000 10,122,000 5,678,000 2,121,000 773,000 25,446,000 2,397,000 -33,212,000 16,215,000 -8,553,000 -14,482,000 2,545,000 -31,898,000 -16,182,000 31,350,000 16,179,000 -23,349,000 -2,224,888 -383,906 177,794 3,314,981 2,301,928 
      adjustments to reconcile net income to net cash from operating activities:
    		                      
      impairment and other charges
    		0       3,027,000 0 7,603,000 1,945,000 0 3,319,000          
      depreciation and amortization
    		20,400,000 21,255,000 18,745,000 17,550,000 17,507,000 17,581,000 18,302,000 19,374,000 19,709,000 20,311,000 20,094,000 22,443,000 22,121,000 21,430,000 20,743,000 19,145,000 19,407,000      
      gain on sale of business
    		   0 0 0 -44,015,000                
      (gain) loss on remeasurement of warrant liability
    		  -11,016,000         -5,760,000 -1,944,000 -2,520,000         
      gain on sale of assets
    		500,000       -1,925,000 8,488,000 279,000 508,000 -1,375,000 -367,000          
      loss on debt extinguishment
    		0 -31,000 531,000 0 0                  
      share-based compensation
    		5,400,000 2,672,000 4,328,000 4,519,000 4,602,000 5,261,000 3,913,000  2,869,000 4,305,000 4,634,000 4,400,000 1,379,000          
      deferred taxes
    		7,200,000 -1,161,000 61,000  -2,384,000 286,000 6,159,000  -8,740,000 -2,360,000 357,000 -2,889,000 1,912,000  -501,000 163,000 1,061,000      
      deferred financing costs
    		300,000 351,000 349,000  294,000 749,000 1,760,000  633,000 446,000 5,000 362,000 341,000    2,870,000      
      changes in assets and liabilities:
    		                      
      accounts receivable
    		28,000,000 -26,269,000 -15,131,000 13,046,000 3,364,000 -1,050,000 -8,578,000 -3,092,000 8,939,000 -3,921,000 -71,000 -3,629,000 -17,044,000 26,049,000 -9,274,000 -10,127,000 -11,176,000      
      inventories
    		12,700,000 -17,986,000 -6,214,000 210,000 -869,000 2,221,000 -6,190,000 12,008,000 5,023,000 1,071,000 -5,450,000 -5,768,000 -14,261,000 -3,031,000 -834,000 310,000 -7,040,000      
      prepaid expenses and other assets
    		20,000,000 -10,388,000 -7,112,000 -79,745,000 -8,574,000 -8,637,000 -6,503,000 5,750,000 -8,496,000 -9,564,000 -2,123,000 -5,389,000 -26,000 6,667,000 -1,369,000 -9,095,000 866,000      
      accounts payable and accrued expenses and other
    		-23,800,000 48,777,000 -9,777,000 101,149,000 29,500,000 -18,973,000 11,412,000 3,714,000 24,789,000 -2,681,000 -16,092,000 4,796,000 464,000 2,784,000 -2,915,000 14,167,000 -19,487,000      
      net cash from operating activities
    		51,200,000 16,318,000 -20,218,000 54,213,000 52,122,000 8,896,000 -9,065,000 27,510,000 53,445,000 4,128,000 -8,443,000 9,736,000 -36,004,000 44,105,000 4,326,000 13,139,000 -13,183,000 -27,476,309 -271,561 -130 -86,893 -206,009 
      capex
    		-23,500,000 -26,905,000 -38,795,000 -37,767,000 -23,091,000 -24,151,000 -13,630,000 -10,017,000 -15,549,000 -16,252,000 -13,906,000 -52,141,000 -8,137,000 -13,945,000 -6,971,000 -8,689,000 -2,134,000 0 0 0 0 0 
      free cash flows
    		27,700,000 -10,587,000 -59,013,000 16,446,000 29,031,000 -15,255,000 -22,695,000 17,493,000 37,896,000 -12,124,000 -22,349,000 -42,405,000 -44,141,000 30,160,000 -2,645,000 4,450,000 -15,317,000 -27,476,309 -271,561 -130 -86,893 -206,009 
      cash flows from investing activities
    		                      
      purchases of property and equipment
    		-23,500,000 -26,905,000 -38,795,000 -37,767,000 -23,091,000 -24,151,000 -13,630,000 -10,017,000 -15,549,000 -16,252,000 -13,906,000 -52,141,000 -8,137,000 -13,945,000 -6,971,000 -8,689,000 -2,134,000      
      purchases of intangibles
    		   0 0         0 -557,000 0 -1,200,000      
      proceeds from sale of property and equipment
    		100,000 44,000 756,000 500,000 2,078,000 18,056,000 6,006,000 745,000 7,835,000 508,000 451,000 1,413,000 1,138,000 1,429,000 114,000 1,099,000 391,000      
      proceeds from sale of business
    		   0 0 0 167,500,000                
      proceeds from sale of routes
    		6,000,000 6,711,000 4,989,000 7,106,000 5,883,000 6,470,000 7,199,000 6,982,000 9,237,000 6,319,000 6,127,000 7,779,000 4,604,000 6,159,000 4,227,000 2,350,000 1,450,000      
      proceeds from the sale of io notes
    		1,500,000 3,428,000 472,000 1,359,000 2,009,000 689,000 855,000 1,311,000 1,933,000 1,294,000 867,000   3,840,000 0 5,627,000 2,295,000      
      purchases of io routes and other changes in note receivables
    		                      
      net cash from investing activities
    		-23,900,000 -30,566,000 -40,734,000 -41,124,000 -24,855,000 -17,071,000 158,011,000 -10,987,000 -6,722,000 -16,765,000 -14,018,000 -47,002,000 -249,000 -58,017,000 -7,538,000 -45,232,000 -25,311,000      
      cash flows from financing activities
    		                      
      borrowings on line of credit
    		42,000,000 50,000,000 85,000,000 22,500,000 0 55,000,000 37,000,000                
      repayments on line of credit
    		-82,000,000 -39,340,000 -35,160,000 -45,069,000 -22,439,000 -10,072,000 -37,119,000                
      borrowings on term debt and notes payable
    		30,600,000 12,330,000 38,470,000 13,850,000 8,644,000 6,820,000 9,798,000 8,840,000 1,027,000 915,000 2,331,000 20,147,000 8,726,000 40,522,000 12,617,000 88,000,000 720,000,000      
      repayments on term debt and notes payable
    		-6,100,000 -5,649,000 -7,951,000 -3,878,000 -3,256,000 -12,369,000 -154,239,000 -5,467,000 -11,959,000 -5,541,000 -6,244,000 -4,552,000 -9,066,000 -5,826,000 -3,107,000 -2,820,000 -783,735,000      
      payment of debt issuance cost
    		0 30,000 -1,730,000 0 0   -1,000      0 -125,000 -713,000 -8,372,000      
      payments of tax withholding requirements for employee stock awards
    		0 -32,000 -2,168,000 0 0 0 -1,397,000 0 0 0 -589,000 0 -6,217,000          
      dividends paid
    		-5,300,000 -6,199,000 -5,401,000 -5,778,000 -6,518,000                  
      distribution to noncontrolling interest
    		-3,400,000 -5,002,000 -3,498,000 -3,467,000 -5,381,000 -6,098,000 -3,383,000 -3,383,000 -3,383,000 -3,383,000 -3,383,000   -4,847,000 -3,131,000 -10,828,000 -181,000      
      net cash from financing activities
    		-24,200,000 6,138,000 67,562,000 -21,842,000 -28,950,000 27,745,000 -153,965,000 -24,594,000 -60,286,000 28,373,000 7,452,000 42,500,000 9,254,000 29,849,000 2,428,000 54,818,000 -4,317,000      
      net increase in cash and cash equivalents
    		3,100,000 -8,110,000 6,610,000 -8,753,000 -1,683,000   -8,071,000 -13,563,000              
      cash and cash equivalents at beginning of period
    		0 -38,000 56,138,000 0 0 0 52,023,000 0 0 0 72,930,000 0 41,898,000 0 0 0 46,831,000      
      cash and cash equivalents at end of period
    		3,100,000 -8,148,000 62,748,000 -8,753,000 -1,683,000 19,570,000 47,004,000 -8,071,000 -13,563,000 15,736,000 57,921,000 5,234,000 14,899,000 15,937,000 -784,000 22,725,000 4,020,000      
      gain on remeasurement of warrant liability
    		   -15,552,000 6,408,000   14,328,000 -15,984,000 -2,808,000 2,232,000            
      notes receivable
    		 -13,844,000 -8,156,000 -12,322,000 -11,734,000 -8,915,000 -9,919,000 -11,708,000 -10,178,000 -8,634,000 -7,557,000 -9,070,000 221,000 -4,546,000 -4,351,000 -4,177,000 -924,000      
      (gain) loss on sale of assets
    		  -660,000  1,501,000                  
      deferred income taxes
    		                      
      amortization of deferred financing costs
    		                      
      acquisitions, net of cash acquired
    		           0 -75,000 -50,954,000 0 -41,442,000 -25,189,000      
      proceeds from insurance claims for capital investments
    		                      
      proceeds from issuance of shares
    		                      
      loss on remeasurement of warrant liability
    		      11,808,000         -19,368,000 21,501,000      
      loss on sale of assets
    		      470,000                
      dividends
    		      -4,625,000  -4,640,000 -4,618,000 -4,663,000 -4,244,000 -4,189,000  -3,826,000 -3,821,000 -4,261,000      
      net decrease in cash and cash equivalents
    		      -5,019,000    -15,009,000 5,234,000 -26,999,000  -784,000 22,725,000 -42,811,000      
      stock based compensation
    		                2,883,000      
      exercised warrants
    		             0 0 0 57,232,000      
      line of credit borrowings
    		        -40,676,000 41,000,000 20,000,000 9,824,000 20,000,000    15,000,000      
      amortization of step-up of inventory
    		                      
      acquisition of utz brands holdings, llc, net of cash acquired
    		                      
      distributions to members
    		                      
      proceeds from insurance claims
    		            2,000,000          
      gain on disposal of property and equipment
    		             -169,000 -60,000 -607,000 -297,000      
      gain on sale of routes
    		             270,000 1,103,000 -1,682,000 -422,000      
      contribution from member and noncontrolling interest
    		                      
      stock-based compensation
    		              2,041,000        
      amortization of deferred financing fees
    		              330,000        
      proceeds on sale of property and equipment
    		                      
      proceeds on the sale of io notes
    		                      
      cash flows from operating activities:
    		                      
      investment income on trust account
    		                  -172,430 -1,410,028   
      changes in operating assets and liabilities:
    		                      
      prepaid expenses
    		                  66,687 -18,312 125,778 -9,768 
      accounts payable
    		                  35,251 149,925 7,760 -91,692 
      accrued expenses
    		                  152,837 1,070,491 432,305 25,157 
      accrued expenses - related parties)
    		                      
      ​
    		                      
      net decrease in cash
    		                  -271,561 -130  -206,009 
      cash - beginning of the period
    		                  0 585,253  944,890 
      cash - end of the period
    		                  -271,561 585,123  738,881 
      supplemental disclosure of noncash financing activities:
    		                      
      change in value of class a ordinary shares subject to possible redemption
    		                  -383,899 177,793 3,314,976 2,301,930 
      ●
    		                      
      accrued expenses - related parties
    		                   30,000 60,000 30,000 
      5
    		                      
      general and administrative expenses paid by related parties
    		                      
      cash flows from investing activities:
    		                      
      cash deposited in trust account
    		                      
      cash flows from financing activities:
    		                      
      proceeds from issuance of class b ordinary shares to sponsor
    		                      
      proceeds received from note payable to related parties
    		                      
      repayment of note payable and general and administrative expenses paid by related parties
    		                      
      proceeds received from initial public offering
    		                      
      proceeds received from private placement
    		                      
      payment of offering costs
    		                      
      net increase in cash
    		                    -86,893  
      cash - beginning of the year
    		                      
      cash - end of the year
    		                      
      deferred legal fees and underwriting commissions in connection with the initial public offering
    		                      
      offering costs included in accounts payable
    		                      
      note 1.
    		                      
      interest income held in trust account
    		                     -2,461,634 
      formation and operating costs paid by related party
    		                      
      offering costs paid
    		                      
      supplemental disclosure of noncash activities:
    		                      
      deferred offering costs included in accrued expenses
    		                      
      deferred offering costs included in accounts payable
    		                      
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.