CarParts.com Reports Fiscal Year 2024 Results
CarParts.com (NASDAQ: PRTS) reported declining financial results for fiscal year 2024. Net sales decreased 13% to $588.8 million, with gross profit falling to $196.7 million and gross margin of 33.4%. The company recorded a net loss of ($40.6) million, or ($0.71) per share, compared to ($8.2) million loss in 2023.
Key operational highlights include the launch of a re-platformed website with AI-based search, introduction of CarParts+ membership program, and a fully operational Las Vegas distribution center handling 25% of company volume. The mobile app reached over 800,000 cumulative downloads.
Q4 2024 showed continued challenges with net sales down 15% to $133.5 million and a net loss of ($15.4) million. The company maintains $36.4 million in cash with no revolver debt. Management attributed the decline to soft consumer demand and pressure from non-compliant illegal parts in lighting and mirrors segments. For 2025, the company is evaluating strategic alternatives and has suspended guidance.
CarParts.com (NASDAQ: PRTS) ha riportato risultati finanziari in calo per l'anno fiscale 2024. Le vendite nette sono diminuite del 13% a 588,8 milioni di dollari, con un utile lordo sceso a 196,7 milioni di dollari e un margine lordo del 33,4%. L'azienda ha registrato una perdita netta di ($40,6) milioni, ovvero ($0,71) per azione, rispetto a una perdita di ($8,2) milioni nel 2023.
I principali punti operativi includono il lancio di un sito web riprogettato con ricerca basata sull'IA, l'introduzione del programma di abbonamento CarParts+, e un centro di distribuzione a Las Vegas pienamente operativo che gestisce il 25% del volume aziendale. L'app mobile ha raggiunto oltre 800.000 download cumulativi.
Il quarto trimestre del 2024 ha mostrato continue difficoltà, con vendite nette in calo del 15% a 133,5 milioni di dollari e una perdita netta di ($15,4) milioni. L'azienda mantiene 36,4 milioni di dollari in contante senza debito revolving. La direzione ha attribuito il calo alla debole domanda dei consumatori e alla pressione derivante da parti illegali non conformi nei segmenti di illuminazione e specchi. Per il 2025, l'azienda sta valutando alternative strategiche e ha sospeso le previsioni.
CarParts.com (NASDAQ: PRTS) reportó resultados financieros en declive para el año fiscal 2024. Las ventas netas disminuyeron un 13% a 588,8 millones de dólares, con una ganancia bruta que cayó a 196,7 millones de dólares y un margen bruto del 33,4%. La compañía registró una pérdida neta de ($40,6) millones, o ($0,71) por acción, en comparación con una pérdida de ($8,2) millones en 2023.
Los principales aspectos operativos incluyen el lanzamiento de un sitio web reestructurado con búsqueda basada en IA, la introducción del programa de membresía CarParts+, y un centro de distribución en Las Vegas completamente operativo que maneja el 25% del volumen de la empresa. La aplicación móvil alcanzó más de 800,000 descargas acumulativas.
El cuarto trimestre de 2024 mostró desafíos continuos, con ventas netas en caída del 15% a 133,5 millones de dólares y una pérdida neta de ($15,4) millones. La compañía mantiene 36,4 millones de dólares en efectivo sin deuda revolvente. La dirección atribuyó la disminución a la débil demanda de los consumidores y la presión de piezas ilegales no conformes en los segmentos de iluminación y espejos. Para 2025, la empresa está evaluando alternativas estratégicas y ha suspendido la orientación.
CarParts.com (NASDAQ: PRTS)는 2024 회계연도에 대한 재무 결과가 감소했다고 보고했습니다. 순매출은 13% 감소하여 5억 8,880만 달러에 달했으며, 총 이익은 1억 9,670만 달러로 감소하고 총 마진은 33.4%에 이릅니다. 회사는 2023년의 ($8.2) 백만 손실에 비해 ($40.6) 백만의 순손실을 기록했습니다.
주요 운영 하이라이트에는 AI 기반 검색 기능을 갖춘 재구성된 웹사이트의 출시, CarParts+ 멤버십 프로그램 도입, 회사 물량의 25%를 처리하는 완전 가동 중인 라스베이거스 유통 센터가 포함됩니다. 모바일 앱은 80만 건 이상의 누적 다운로드를 기록했습니다.
2024년 4분기에는 순매출이 15% 감소하여 1억 3,350만 달러에 이르고 순손실은 ($15.4) 백만으로 계속된 어려움을 보여주었습니다. 회사는 회전 신용이 없는 3,640만 달러의 현금을 보유하고 있습니다. 경영진은 소비자 수요의 감소와 조명 및 거울 부문에서 비준수 불법 부품으로 인한 압박을 감소의 원인으로 분석했습니다. 2025년을 위해 회사는 전략적 대안을 평가하고 있으며 가이던스를 중단했습니다.
CarParts.com (NASDAQ: PRTS) a annoncé des résultats financiers en baisse pour l'exercice 2024. Les ventes nettes ont diminué de 13 % pour atteindre 588,8 millions de dollars, avec un bénéfice brut tombant à 196,7 millions de dollars et une marge brute de 33,4 %. L'entreprise a enregistré une perte nette de ($40,6) millions, soit ($0,71) par action, par rapport à une perte de ($8,2) millions en 2023.
Les points forts opérationnels incluent le lancement d'un site web repensé avec recherche basée sur l'IA, l'introduction du programme d'adhésion CarParts+, et un centre de distribution entièrement opérationnel à Las Vegas traitant 25 % du volume de l'entreprise. L'application mobile a dépassé les 800 000 téléchargements cumulés.
Le quatrième trimestre 2024 a montré des défis continus avec des ventes nettes en baisse de 15 % à 133,5 millions de dollars et une perte nette de ($15,4) millions. L'entreprise maintient 36,4 millions de dollars en liquidités sans dette renouvelable. La direction a attribué la baisse à une demande des consommateurs faible et à la pression des pièces illégales non conformes dans les segments d'éclairage et de miroirs. Pour 2025, l'entreprise évalue des alternatives stratégiques et a suspendu les prévisions.
CarParts.com (NASDAQ: PRTS) berichtete von rückläufigen finanziellen Ergebnissen für das Geschäftsjahr 2024. Der Nettoumsatz sank um 13 % auf 588,8 Millionen Dollar, während der Bruttogewinn auf 196,7 Millionen Dollar fiel und die Bruttomarge bei 33,4 % lag. Das Unternehmen verzeichnete einen Nettoverlust von ($40,6) Millionen, oder ($0,71) pro Aktie, im Vergleich zu einem Verlust von ($8,2) Millionen im Jahr 2023.
Zu den wichtigsten betrieblichen Höhepunkten gehören der Start einer neu gestalteten Website mit KI-gestützter Suche, die Einführung des CarParts+-Mitgliedsprogramms und ein voll funktionsfähiges Verteilungszentrum in Las Vegas, das 25 % des Unternehmensvolumens abwickelt. Die mobile App erreichte über 800.000 kumulierte Downloads.
Im 4. Quartal 2024 zeigten sich weiterhin Herausforderungen, mit einem Rückgang des Nettoumsatzes um 15 % auf 133,5 Millionen Dollar und einem Nettoverlust von ($15,4) Millionen. Das Unternehmen hält 36,4 Millionen Dollar in bar ohne revolvierende Schulden. Das Management führte den Rückgang auf eine schwache Verbrauchernachfrage und Druck durch nicht konforme illegale Teile in den Bereichen Beleuchtung und Spiegel zurück. Für 2025 prüft das Unternehmen strategische Alternativen und hat die Prognose ausgesetzt.
- New Las Vegas distribution center operational and handling 25% of volume
- Mobile app downloads doubled to over 800,000
- Launched AI-powered website and CarParts+ membership program
- Maintained strong cash position of $36.4M with no debt
- Gross margin remained relatively stable at 33.4%
- Net sales declined 13% to $588.8M in FY2024
- Net loss widened to $40.6M from $8.2M in previous year
- Q4 sales dropped 15% year-over-year
- Operating expenses as percentage of sales increased 4.9%
- Adjusted EBITDA turned negative to ($7.1M) from $19.7M
- Cash position decreased from $51.0M to $36.4M
Insights
CarParts.com's FY2024 results reveal significant financial deterioration across key metrics. The
The shift from positive adjusted EBITDA of
Cash reserves have declined by
Management's attribution of performance issues to economic pressures on lower-income consumers and illegal parts flooding certain categories provides context but doesn't fully explain the magnitude of deterioration. The
The company's evaluation of "strategic alternatives in response to inbound interest" without providing 2025 guidance suggests potential M&A activity, possibly as a defensive measure given the current financial trajectory.
Fiscal Year 2024 Summary vs. Fiscal Year 2023
- Net sales decreased
13% to$588.8 million - Gross profit of
$196.7 million $229.4 million 33.4% . - Net loss was
( , or ($40.6) million $0.71 ( , or ($8.2) million $0.15 - Adjusted EBITDA of
( vs.$7.1) million $19.7 million - Cash of
$36.4 million - Our mobile app has cumulative net downloads of over 800,000, more than double the number from the beginning of the year.
- New semi-automated
Las Vegas distribution center fully operational and handling25% of company volume. - Launched a fully re-platformed CarParts.com website featuring an AI based search solution and machine learning based product recommendations.
- Launched CarParts+ a paid membership that includes roadside assistance and other benefits.
Fourth Quarter 2024 Summary vs. Year-Ago Quarter
- Net sales decreased to
$133.5 million 15% year-over-year. - Gross profit of
$43.4 million $51.6 million 32.5% . - Net loss was
( , or ($15.4) million $0.27 ( , or ($6.1) million $0.11 - Adjusted EBITDA of
( vs.$6.8) million $1.0 million
Management Commentary
"2024 was an important year in the ongoing transformation of CarParts.com. We began the year by refocusing our strategy on three key elements: number one, driving gross and net margin to strengthen financial performance; number two, accelerating efficiency and effectiveness to quickly deliver improved profitability; and number three, achieving sustainable growth with strong long-term free cash flow.
The economic environment was challenging for lower income consumers for all of 2024, leading to a significant pullback in spending and deferral of costs like auto repairs. To address these pressures, we are prioritizing several non-paid marketing initiatives—such as enhancing our site conversion and strengthening our search engine optimization —alongside driving mobile app adoption, generating high-margin fee income, expanding our product assortment, and growing our wholesale channel. We believe these efforts will position us to increase our net profit margin and drive long-term growth" said David Meniane, CEO.
Fiscal Year 2024 Financial Results
Net sales in fiscal year 2024 were
Gross profit was
Total operating expenses in fiscal year 2024 were
Net loss in fiscal year 2024 was
Adjusted EBITDA in fiscal year 2024 was
On December 28, 2024, the Company had a cash balance of
Fourth Quarter 2024 Financial Results
Net sales in the fourth quarter of 2024 were
Gross profit in the fourth quarter was
Total operating expenses in the fourth quarter were
Net loss in the fourth quarter was (
Adjusted EBITDA in the fourth quarter was
2025 Outlook
The company is currently evaluating various strategic alternatives in response to inbound interest. As a result, we are not providing guidance for 2025.
Conference Call
CarParts.com CEO David Meniane and CFO Ryan Lockwood will host a conference call today to discuss the results.
Date: Tuesday, March 25, 2025
Time: 5:00 p.m. Eastern time (2:00 p.m. Pacific time)
Webcast: www.carparts.com/investor/news-events
To listen to the live call, please click the link above to access the webcast. A replay of the audio webcast will be archived on the Company's website at www.carparts.com/investor.
About CarParts.com, Inc.
CarParts.com, Inc. is a technology-driven eCommerce company offering over 1 million high-quality automotive parts and accessories. Operating for over 25 years, CarParts.com has established itself as a premier destination for drivers seeking repair and maintenance solutions. Our commitment lies in placing the customer at the forefront of our operations, evident in our easy-to-use, mobile-friendly website and app. With a commitment to affordability and customer satisfaction, CarParts.com simplifies the automotive repair process, aiming to eliminate the uncertainty and stress often associated with vehicle maintenance. Backed by a robust company-operated fulfillment network, we ensure swift delivery of top-quality parts from leading brands to customers across the nation.
At CarParts.com, our global team is united by a shared vision: Empowering Drivers Along Their Journey.
CarParts.com is headquartered in
Non-GAAP Financial Measures
Regulation G, and other provisions of the Securities Exchange Act of 1934, as amended, define and prescribe the conditions for use of certain non-GAAP financial information. We provide "Adjusted EBITDA" in this earnings release and on today's scheduled conference call, which are non-GAAP financial measures. Adjusted EBITDA consist of net loss before (a) interest (income) expense, net; (b) income tax provision; (c) depreciation and amortization expense; (d) amortization of intangible assets; (e) share-based compensation expense; (f) workforce transition costs; and (g) distribution center costs. A reconciliation of Adjusted EBITDA to net loss is provided below.
The Company believes that these non-GAAP financial measures provide important supplemental information to management and investors. These non-GAAP financial measures reflect an additional way of viewing aspects of the Company's operations that, when viewed with the GAAP results and the accompanying reconciliations to corresponding GAAP financial measures, provides a more complete understanding of factors and trends affecting the Company's business and results of operations.
Management uses Adjusted EBITDA as measures of the Company's operating performance because it assists in comparing the Company's operating performance on a consistent basis by removing the impact of stock compensation expense as well as other items that we do not believe are representative of our ongoing operating performance. Internally, these non-GAAP measures are also used by management for planning purposes, including the preparation of internal budgets; for allocating resources to enhance financial performance; and for evaluating the effectiveness of operational strategies. The Company also believes that analysts and investors use these non-GAAP measures as supplemental measures to evaluate the ongoing operations of companies in our industry.
These non-GAAP financial measures are used in addition to and in conjunction with results presented in accordance with GAAP and should not be relied upon to the exclusion of GAAP financial measures. Management strongly encourages investors to review the Company's consolidated financial statements in their entirety and to not rely on any single financial measure. Because non-GAAP financial measures are not standardized, it may not be possible to compare these financial measures with other companies' non-GAAP financial measures having the same or similar names. In addition, the Company expects to continue to incur expenses similar to the non-GAAP adjustments described above, and exclusion of these items from the Company's non-GAAP measures should not be construed as an inference that these costs are all unusual, infrequent or non-recurring.
Safe Harbor Statement
This press release contains statements which are based on management's current expectations, estimates and projections about the Company's business and its industry, as well as certain assumptions made by the Company. These statements are forward looking statements for the purposes of the safe harbor provided by Section 21E of the Securities Exchange Act of 1934, as amended and Section 27A of the Securities Act of 1933, as amended. Words such as "anticipates," "could," "expects," "intends," "plans," "potential," "believes," "predicts," "projects," "seeks," "estimates," "may," "will," "would," "will likely continue" and variations of these words or similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to, statements regarding our future operating results and financial condition, our potential growth, our ability to innovate, our ability to gain market share, and our ability to expand and improve our product offerings. We undertake no obligation to revise or update publicly any forward-looking statements for any reason. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Therefore, our actual results could differ materially and adversely from those expressed in any forward-looking statements as a result of various factors.
Important factors that may cause such a difference include, but are not limited to, competitive pressures, our dependence on search engines to attract customers, demand for the Company's products, the online market and channel mix for aftermarket auto parts, the economy in general, increases in commodity and component pricing that would increase the Company's product costs, the operating restrictions in its credit agreement, the weather and any other factors discussed in the Company's filings with the Securities and Exchange Commission (the "SEC"), including the Risk Factors contained in the Company's Annual Report on Form 10–K and Quarterly Reports on Form 10–Q, which are available at www.carparts.com/investor and the SEC's website at www.sec.gov. You are urged to consider these factors carefully in evaluating the forward-looking statements in this release and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by this cautionary statement. Unless otherwise required by law, the Company expressly disclaims any obligation to update publicly any forward-looking statements, whether as result of new information, future events or otherwise.
Investor Relations:
Ryan Lockwood, CFA
IR@carparts.com
Summarized information for the periods presented is as follows (in millions):
Thirteen Weeks | Thirteen Weeks | Fifty-Two Weeks | Fifty-Two Weeks | ||||||||||
December 28, 2024 | December 30, 2023 | December 28, 2024 | December 30, 2023 | ||||||||||
Net sales | $ | 133.54 | $ | 156.40 | $ | 588.85 | $ | 675.73 | |||||
Gross profit | $ | 43.45 | $ | 51.60 | $ | 196.74 | $ | 229.41 | |||||
32.5 | % | 33.0 | % | 33.4 | % | 33.9 | % | ||||||
Operating expense | $ | 58.92 | $ | 58.35 | $ | 237.37 | $ | 239.29 | |||||
44.1 | % | 37.3 | % | 40.3 | % | 35.4 | % | ||||||
Net loss | $ | (15.42) | $ | (6.09) | $ | (40.60) | $ | (8.22) | |||||
(11.5) | % | (3.9) | % | (6.9) | % | (1.2) | % | ||||||
Adjusted EBITDA | $ | (6.83) | $ | 0.97 | $ | (7.06) | $ | 19.69 | |||||
(5.1) | % | 0.6 | % | (1.2) | % | 2.9 | % | ||||||
The table below reconciles net loss to Adjusted EBITDA for the periods presented (in thousands):
Thirteen Weeks | Thirteen Weeks | Fifty-Two Weeks | Fifty-Two Weeks | |||||||||
December 28, 2024 | December 30, 2023 | December 28, 2024 | December 30, 2023 | |||||||||
Net loss | $ | (15,418) | $ | (6,086) | $ | (40,601) | $ | (8,223) | ||||
Depreciation & amortization | 5,539 | 4,094 | 18,975 | 16,690 | ||||||||
Amortization of intangible assets | 88 | 8 | 121 | 36 | ||||||||
Interest (income) expense, net | (61) | (313) | (301) | (636) | ||||||||
Income tax provision | 7 | (251) | 267 | 145 | ||||||||
EBITDA | $ | (9,845) | $ | (2,548) | $ | (21,539) | $ | 8,012 | ||||
Stock compensation expense | $ | 3,018 | $ | 3,517 | $ | 11,985 | $ | 11,675 | ||||
Workforce transition costs(1) | — | — | 617 | — | ||||||||
Distribution center costs(2) | — | — | 1,882 | — | ||||||||
Adjusted EBITDA | $ | (6,827) | $ | 969 | $ | (7,055) | $ | 19,687 | ||||
____________________________ | |
(1) | We incurred workforce transition costs, primarily related to severance, as part of our recent workforce reductions. |
(2) | We incurred certain non-recurring costs, primarily overlapping rent expense, attributable to moving to our new |
CARPARTS.COM, INC. AND SUBSIDIARIES | ||||||
Fiscal Year Ended | ||||||
December 28, | December 30, | |||||
2024 | 2023 | |||||
Net sales | $ | 588,846 | $ | 675,729 | ||
Cost of sales (1) | 392,107 | 446,323 | ||||
Gross profit | 196,739 | 229,406 | ||||
Operating expense | 237,374 | 239,287 | ||||
Loss from operations | (40,635) | (9,881) | ||||
Other income (expense): | ||||||
Other income, net | 1,466 | 3,197 | ||||
Interest expense | (1,165) | (1,394) | ||||
Total other income, net | 301 | 1,803 | ||||
Loss before income taxes | (40,334) | (8,078) | ||||
Income tax provision | 267 | 145 | ||||
Net loss | (40,601) | (8,223) | ||||
Other comprehensive gain (loss): | ||||||
Foreign currency adjustments | 87 | — | ||||
Actuarial gain (loss) on defined benefit plan | 185 | (305) | ||||
Unrealized loss on deferred compensation trust assets | — | (38) | ||||
Total other comprehensive gain (loss) | 272 | (343) | ||||
Comprehensive loss | $ | (40,329) | $ | (8,566) | ||
Net loss per share: | ||||||
Basic and diluted net loss per share | $ | (0.71) | $ | (0.15) | ||
Weighted-average common shares outstanding: | ||||||
Shares used in computation of basic and diluted net loss per share | 57,026 | 56,570 | ||||
_______________________ | |
(1) | Excludes depreciation and amortization expense which is included in operating expense. |
CARPARTS.COM, INC. AND SUBSIDIARIES | ||||||
December 28, | December 30, | |||||
2024 | 2023 | |||||
ASSETS | ||||||
Current assets: | ||||||
Cash and cash equivalents | $ | 36,397 | $ | 50,951 | ||
Accounts receivable, net | 6,098 | 7,365 | ||||
Inventory, net | 90,353 | 128,901 | ||||
Other current assets | 6,020 | 6,121 | ||||
Total current assets | 138,868 | 193,338 | ||||
Property and equipment, net | 32,206 | 26,389 | ||||
Right-of-use - assets - operating leases, net | 26,682 | 19,542 | ||||
Right-of-use - assets - finance leases, net | 10,765 | 15,255 | ||||
Other non-current assets | 2,053 | 3,331 | ||||
Total assets | $ | 210,574 | $ | 257,855 | ||
LIABILITIES AND STOCKHOLDERS' EQUITY | ||||||
Current liabilities: | ||||||
Accounts payable | $ | 60,365 | $ | 77,851 | ||
Accrued expenses | 16,083 | 20,770 | ||||
Right-of-use - obligation - operating, current | 5,810 | 4,749 | ||||
Right-of-use - obligation - finance, current | 3,471 | 4,308 | ||||
Other current liabilities | 4,694 | 5,308 | ||||
Total current liabilities | 90,423 | 112,986 | ||||
Right-of-use - obligation - operating, non-current | 23,203 | 16,742 | ||||
Right-of-use - obligation - finance, non-current | 8,842 | 12,327 | ||||
Other non-current liabilities | 2,931 | 2,969 | ||||
Total liabilities | 125,399 | 145,024 | ||||
Commitments and contingencies (Note 8) | ||||||
Stockholders' equity: | ||||||
Common stock, | 61 | 60 | ||||
Treasury stock | (11,912) | (11,912) | ||||
Additional paid-in capital | 325,546 | 312,874 | ||||
Accumulated other comprehensive income | 1,055 | 783 | ||||
Accumulated deficit | (229,575) | (188,974) | ||||
Total stockholders' equity | 85,175 | 112,831 | ||||
Total liabilities and stockholders' equity | $ | 210,574 | $ | 257,855 | ||
CARPARTS.COM, INC. AND SUBSIDIARIES | ||||||
Year Ended | ||||||
December 28, | December 30, | |||||
2024 | 2023 | |||||
Operating activities | ||||||
Net loss | $ | (40,601) | $ | (8,223) | ||
Adjustments to reconcile net loss to net cash provided by operating activities: | ||||||
Depreciation and amortization expense | 18,975 | 16,690 | ||||
Amortization of intangible assets | 121 | 36 | ||||
Share-based compensation expense | 11,985 | 11,675 | ||||
Stock awards issued for non-employee director service | 43 | 23 | ||||
Stock awards related to officers and directors stock purchase plan from payroll deferral | 10 | — | ||||
Gain from disposition of assets | (70) | (78) | ||||
Amortization of deferred financing costs | 65 | 65 | ||||
Changes in operating assets and liabilities: | ||||||
Accounts receivable | 1,267 | (1,101) | ||||
Inventory | 38,547 | 6,681 | ||||
Other current assets | 102 | 549 | ||||
Other non-current assets | 1,168 | (248) | ||||
Accounts payable and accrued expenses | (21,187) | 23,696 | ||||
Other current liabilities | (615) | 686 | ||||
Right-of-use obligation - operating leases - current | 1,514 | 631 | ||||
Right-of-use obligation - operating leases - long-term | (1,131) | (714) | ||||
Other non-current liabilities | 145 | (367) | ||||
Net cash provided by operating activities | 10,338 | 50,001 | ||||
Investing activities | ||||||
Additions to property and equipment | (20,573) | (11,879) | ||||
Cash paid for intangible assets | (76) | (108) | ||||
Proceeds from sale of property and equipment | 92 | 86 | ||||
Net cash used in investing activities | (20,557) | (11,901) | ||||
Financing activities | ||||||
Borrowings from revolving loan payable | 229 | 244 | ||||
Payments made on revolving loan payable | (229) | (244) | ||||
Repurchase of treasury stock | — | (4,311) | ||||
Payments on finance leases | (4,311) | (4,738) | ||||
Net proceeds from issuance of common stock for ESPP | 359 | 483 | ||||
Statutory tax withholding payment for share-based compensation | (470) | — | ||||
Proceeds from exercise of stock options | — | 2,650 | ||||
Net cash used in financing activities | (4,422) | (5,916) | ||||
Effect of exchange rate changes on cash | 87 | — | ||||
Net change in cash and cash equivalents | (14,554) | 32,184 | ||||
Cash and cash equivalents, beginning of period | 50,951 | 18,767 | ||||
Cash and cash equivalents, end of period | $ | 36,397 | $ | 50,951 | ||
Supplemental disclosure of non-cash investing and financing activities: | ||||||
Right-of-use operating asset acquired | $ | 12,857 | $ | — | ||
Right-of-use finance asset acquired | $ | — | $ | 784 | ||
Accrued asset purchases | $ | 502 | $ | 1,499 | ||
Share-based compensation expense capitalized in property and equipment | $ | 746 | $ | 804 | ||
Supplemental disclosure of cash flow information: | ||||||
Cash paid during the period for income taxes | $ | 178 | $ | 210 | ||
Cash paid during the period for interest | $ | 1,165 | $ | 1,394 | ||
Cash received during the period for interest | $ | 1,466 | $ | 2,030 | ||
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SOURCE CarParts.com, Inc.
FAQ
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