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New words:
begin, beneficial, confidentiality, deflation, development, disaggregated, jurisdiction, longer, Manchester, Michael, pretax, purport, reconsider, satisfaction, specific, threshold, Transition, waiver
Removed:
executing, outcome, pillar
Financial report summary
?Management Discussion
- The increase in Net cash provided by operating activities of continuing operations was primarily due to lower levels of cash utilized in net working capital, including the monetization of certain receivables discussed above, partially offset by lower cash generated from net income in fiscal 2023.
- The increase in Net cash used in investing activities of continuing operations was primarily due to lower proceeds from asset sales, primarily due to cash received from the sale of the Riverside, California distribution center in fiscal 2022 discussed above, and an increase in payments for capital expenditures in fiscal 2023.
- The increase in Net cash used in financing activities was primarily due to a net decrease in proceeds from borrowings under the revolving credit line and an increase in cash used to repurchase common stock, partially offset by lower levels of repayments of long-term debt and finance leases.