Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	May 03, 2025	Apr. 27, 2024
Cash flows from operating activities:
Net income (loss)	$ (65,825)	$ (75,749)
Less: Loss from discontinued operations, net of tax	0	(730)
Loss from continuing operations, net of tax	(65,825)	(75,019)
Adjustments to reconcile net loss from continuing operations to net cash flows from operating activities from continuing operations:
Depreciation and amortization expense	37,939	40,560
Impairment loss (non cash)	1,713	7,166
Loss on debt extinguishment	55,233	0
Amortization of deferred financing costs	5,164	13,150
Interest expense (paid-in-kind)	0	2,652
Deferred taxes	(829)	125
Stock-based compensation expense	5,386	3,380
Changes in operating lease right-of-use assets and liabilities	(4,218)	(1,322)
Changes in other long-term assets and liabilities and other, net	7,072	(20,997)
Changes in other operating assets and liabilities, net:
Receivables, net	761	(6,326)
Merchandise inventories	44,475	(21,058)
Textbook rental inventories	1,876	(704)
Prepaid expenses and other current assets	7,096	31,593
Accounts payable and accrued liabilities	(181,256)	25,255
Changes in other operating assets and liabilities, net	(127,048)	28,760
Net cash flows used in operating activities from continuing operations	(85,413)	(1,545)
Net cash flows used in operating activities from discontinued operations	0	(3,577)
Net cash flows used in operating activities	(85,413)	(5,122)
Cash flows from investing activities:
Purchases of property and equipment	(12,894)	(14,070)
Proceeds from the sale of fixed assets	793	78
Net cash flows used in investing activities from continuing operations	(12,101)	(13,992)
Net cash flows provided by investing activities from discontinued operations	0	21,395
Net cash flows (used in) provided by investing activities	(12,101)	7,403
Cash flows from financing activities:
Proceeds from borrowings	887,055	563,023
Repayments of borrowings	(948,920)	(552,230)
Payment of deferred financing costs	(5,569)	(16,316)
Proceeds from Private Equity Investment	50,000	0
Proceeds from Rights Offering	45,000	0
Payment of equity issuance costs	(9,914)	0
Principal stockholder expense reimbursement	1,940	0
Payment on principal portion of finance lease	(370)	0
Shares sold under at-the-market offering, net of commissions	78,450	0
Purchase of treasury shares	(5)	(176)
Net cash flows provided by (used in) financing activities	97,667	(5,699)
Net increase (decrease) in cash, cash equivalents, and restricted cash	153	(3,418)
Cash, cash equivalents, and restricted cash at beginning of year	28,570	31,988
Cash, cash equivalents, and restricted cash of continuing operations at end of year	28,723	28,570
Cash paid during the period for:
Interest paid	17,912	24,943
Income taxes paid (net of refunds)	$ 2,130	$ (7,293)

Barnes & Noble Education, Inc. 10-K