Hanesbrands Inc.

CIK:0001359841|SEC Filings

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 27, 2025	Sep. 28, 2024	Sep. 27, 2025	Sep. 28, 2024
Income Statement [Abstract]
Net sales	$ 891,683	$ 900,367	$ 2,643,156	$ 2,618,969
Cost of sales	528,233	526,890	1,551,081	1,649,716
Gross profit	363,450	373,477	1,092,075	969,253
Selling, general and administrative expenses	255,922	279,440	749,981	903,005
Operating profit	107,528	94,037	342,094	66,248
Other expenses	8,053	9,343	34,348	29,021
Interest expense, net	47,116	48,542	137,971	149,404
Income (loss) from continuing operations before income taxes	52,359	36,152	169,775	(112,177)
Income tax expense (benefit)	(219,548)	11,430	(201,771)	31,486
Income (loss) from continuing operations	271,907	24,722	371,546	(143,663)
Gain (loss) from discontinued operations, net of tax	(1,171)	5,229	(28,655)	(163,888)
Net income (loss)	$ 270,736	$ 29,951	$ 342,891	$ (307,551)
Earnings (loss) per share - basic:
Continuing operations	$ 0.77	$ 0.07	$ 1.05	$ (0.41)
Discontinued operations	0	0.01	(0.08)	(0.47)
Net income (loss)	0.76	0.09	0.97	(0.87)
Earnings (loss) per share - diluted:
Continuing operations	0.76	0.07	1.04	(0.41)
Discontinued operations	0	0.01	(0.08)	(0.47)
Net income (loss)	$ 0.76	$ 0.08	$ 0.96	$ (0.87)

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 27, 2025	Sep. 28, 2024	Sep. 27, 2025	Sep. 28, 2024	Dec. 28, 2024
Operating activities:
Net income (loss)	$ 270,736	$ 29,951	$ 342,891	$ (307,551)
Adjustments to reconcile net income (loss) to net cash from operating activities:
Depreciation			20,870	58,506
Amortization of acquisition intangibles			5,600	10,127
Other amortization			5,345	8,195
Impairment of long-lived assets and goodwill			0	76,746
Inventory write-down charges, net of recoveries			0	113,528
Loss on extinguishment of debt			9,293	0
Loss on sale of businesses and classification of assets held for sale			6,093	50,330
Amortization of debt issuance costs and debt discount			4,996	7,648
Deferred Taxes			(226,863)	(79)
Other			17,101	25,360
Changes in assets and liabilities:
Accounts receivable			(77,211)	(86,606)
Inventories			(102,817)	55,836
Accounts payable			10,170	85,057
Other assets and liabilities			(59,740)	99,715
Net cash from operating activities			(44,272)	196,812
Investing activities:
Capital expenditures			(25,642)	(32,179)
Proceeds from sales of assets			809	12,336
Proceeds from (payments for) disposition of businesses			27,117	(12,000)
Net cash from investing activities			2,284	(31,843)
Financing activities:
Borrowings on Term Loan Facilities			1,500,000	0
Repayments on Term Loan Facilities			(708,517)	(29,500)
Borrowings on Accounts Receivable Securitization Facility			1,200,000	1,611,000
Repayments on Accounts Receivable Securitization Facility			(1,186,000)	(1,617,000)
Borrowings on Revolving Loan Facilities			3,070,000	613,500
Repayments on Revolving Loan Facilities			(2,907,500)	(613,500)
Repayments on Senior Notes			(900,000)	0
Payments to amend and refinance credit facilities			(23,370)	(712)
Other			(4,213)	(3,949)
Net cash from financing activities			40,400	(40,161)
Effect of changes in foreign exchange rates on cash			4,307	(3,398)
Change in cash and cash equivalents			2,719	121,410
Cash and cash equivalents at beginning of year			215,354	205,501	$ 205,501
Cash and cash equivalents at end of period	218,073	326,911	218,073	326,911	215,354
Balances included in the Condensed Consolidated Balance Sheets:
Cash and cash equivalents	217,573	316,801	217,573	316,801	$ 214,854
Cash and cash equivalents at end of period	218,073	326,911	218,073	326,911
Supplemental Cash Flow Information:
Capital expenditures incurred but not yet paid			3,844	6,231
Discontinued Operations, Held-for-sale \| Global Champion, U.S.-Based Outlet Store and Champion Japan Businesses
Balances included in the Condensed Consolidated Balance Sheets:
Cash and cash equivalents included in current assets held for sale	$ 500	$ 10,110	$ 500	$ 10,110

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Sep. 27, 2025	Dec. 28, 2024	Sep. 28, 2024
Assets
Cash and cash equivalents	$ 217,573	$ 214,854	$ 316,801
Trade accounts receivable, net	454,977	376,195	463,327
Inventories	990,953	871,044	897,170
Other current assets	143,313	152,853	174,530
Current assets held for sale	72,603	100,430	487,874
Total current assets	1,879,419	1,715,376	2,339,702
Property, net	190,417	188,259	196,627
Right-of-use assets	274,251	222,759	246,477
Trademarks and other identifiable intangibles, net	908,108	886,264	954,945
Goodwill	649,598	638,370	662,134
Deferred tax assets	228,182	13,591	19,740
Other noncurrent assets	123,777	116,729	116,177
Noncurrent assets held for sale	23,966	59,593	925,796
Total assets	4,277,718	3,840,941	5,461,598
Liabilities and Stockholders’ Equity
Accounts payable	572,283	593,377	674,589
Accrued liabilities	397,585	452,940	529,766
Lease liabilities	70,457	64,233	66,664
Accounts Receivable Securitization Facility	109,000	95,000	0
Current portion of long-term debt	26,250	0	59,000
Current liabilities held for sale	69,298	42,990	245,443
Total current liabilities	1,244,873	1,248,540	1,575,462
Long-term debt	2,206,666	2,186,057	3,211,248
Lease liabilities - noncurrent	252,999	206,124	226,900
Pension and postretirement benefits	55,388	66,171	84,158
Other noncurrent liabilities	60,819	67,452	101,294
Noncurrent liabilities held for sale	10,536	32,587	113,192
Total liabilities	3,831,281	3,806,931	5,312,254
Stockholders’ equity:
Preferred stock (50,000,000 authorized shares; $.01 par value) Issued and outstanding - None	0	0	0
Common stock (2,000,000,000 authorized shares; $.01 par value) Issued and outstanding - 353,802,157, 352,541,826 and 351,779,995, respectively	3,538	3,525	3,518
Additional paid-in capital	386,151	373,213	371,966
Retained earnings	577,495	234,494	247,365
Accumulated other comprehensive loss	(520,747)	(577,222)	(473,505)
Total stockholders’ equity	446,437	34,010	149,344
Total liabilities and stockholders’ equity	$ 4,277,718	$ 3,840,941	$ 5,461,598