MOOG INC
For the period ended Dec 30, 2023. Filed Jan 26, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 30, 2023 · Filed Jan 26, 2024
MOG-A$342.62+0.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Condensed Statements of Cash Flows
| Three Months Ended | ||
|---|---|---|
| (dollars in thousands) | December 30,2023 | December 31,2022 |
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net earnings | $47,812 | $46,016 |
| Adjustments to reconcile net earnings to net cash provided by operating activities: | ||
| Depreciation | 20,927 | 18,392 |
| Amortization | 2,720 | 2,992 |
| Deferred income taxes | (4,547) | (1,342) |
| Equity-based compensation expense | 4,165 | 2,974 |
| Gain on sale of buildings | — | (9,503) |
| Other | (2,478) | 1,145 |
| Changes in assets and liabilities providing (using) cash: | ||
| Receivables | 58,887 | (27,387) |
| Unbilled receivables | (51,015) | (26,570) |
| Inventories | (46,852) | (44,435) |
| Accounts payable | (5,752) | (9,679) |
| Contract advances and progress billings | 64,171 | 72,889 |
| Accrued expenses | (31,814) | (35,186) |
| Accrued income taxes | 12,324 | 12,632 |
| Net pension and post retirement liabilities | 2,957 | 3,988 |
| Other assets and liabilities | (11,114) | 1,157 |
| Net cash provided by operating activities | 60,391 | 8,083 |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Acquisitions of businesses, net of cash acquired | (5,212) | — |
| Purchase of property, plant and equipment | (37,416) | (30,125) |
| Net proceeds from businesses sold | — | 1,124 |
| Net proceeds from buildings sold | — | 7,432 |
| Other investing transactions | (479) | (3,724) |
| Net cash used by investing activities | (43,107) | (25,293) |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Proceeds from revolving lines of credit | 279,500 | 241,000 |
| Payments on revolving lines of credit | (223,000) | (160,300) |
| Payments on long-term debt | — | (93) |
| Payments on finance lease obligations | (1,286) | (884) |
| Payment of dividends | (8,619) | (8,257) |
| Proceeds from sale of treasury stock | 581 | 1,869 |
| Purchase of outstanding shares for treasury | (8,711) | (12,721) |
| Proceeds from sale of stock held by SECT | 5,001 | 2,561 |
| Purchase of stock held by SECT | (4,561) | (1,753) |
| Other financing transactions | — | (2,026) |
| Net cash provided by financing activities | 38,905 | 59,396 |
| Effect of exchange rate changes on cash | 1,495 | 4,492 |
| Increase in cash, cash equivalents and restricted cash | 57,684 | 46,678 |
| Cash, cash equivalents and restricted cash at beginning of period | 69,144 | 117,328 |
| Cash, cash equivalents and restricted cash at end of period | $126,828 | $164,006 |
| SUPPLEMENTAL CASH FLOW INFORMATION | ||
| Treasury shares issued as compensation | $2,574 | $1,532 |
| Assets acquired through lease financing | 7,845 | 5,970 |
| See accompanying Notes to Consolidated Condensed Financial Statements. | ||
Notes to Consolidated Condensed Financial Statements
Three Months Ended December 30, 2023
(dollars in thousands, except per share data)
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