SIFCO INDUSTRIES INC
For the period ended Sep 30, 2024. Filed Dec 26, 2024.
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FY2024 · Filed Dec 26, 2024
SIF$16.64-3.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
| Years Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net loss | $(5,383) | $(8,692) |
| Income from discontinued operations, net of tax | 3,243 | 1,827 |
| Loss from continuing operations | (8,626) | (10,519) |
| Adjustments to reconcile net loss to net cash (used in) provided by operating activities: | ||
| Depreciation and amortization | 4,784 | 5,070 |
| Amortization of debt issuance costs | 1,187 | 44 |
| Loss (gain) on disposal of operating assets | 4 | (1) |
| Loss on insurance proceeds received for damaged property | — | 60 |
| Inventory valuation accounts | 570 | (1,149) |
| LIFO effect | 862 | (305) |
| Share transactions under employee stock plan | 202 | 304 |
| Deferred income taxes | 12 | 13 |
| Interest added to promissory note - related party (paid-in-kind) | 360 | — |
| Other short-term liabilities | 40 | — |
| Other long-term liabilities | 240 | 338 |
| Changes in operating assets and liabilities: | ||
| Receivables | (1,634) | (3,850) |
| Contract assets | (655) | 81 |
| Inventories | (2,971) | 2,615 |
| Refundable income taxes | 71 | 13 |
| Prepaid expenses and other current assets | (1,181) | (330) |
| Other assets | 11 | (6) |
| Accounts payable | 1,457 | 3,295 |
| Accrued liabilities | 516 | (11) |
| Contract liabilities | 2,147 | 577 |
| Accrued income tax and other | (44) | 1 |
| Net cash used in operating activities | (2,648) | (3,760) |
| Cash flows from investing activities: | ||
| Proceeds from disposal of property, plant and equipment | — | 1 |
| Capital expenditures | (1,989) | (1,118) |
| Net cash used for investing activities | (1,989) | (1,117) |
| Cash flows from financing activities: | ||
| Proceeds from promissory note - related party | 3,000 | — |
| Repayments of term note | (61) | (240) |
| Proceeds from revolving credit agreement | 95,945 | 80,041 |
| Repayments of revolving credit agreement | (92,093) | (74,915) |
| Payments for debt issuance costs | (461) | — |
| Principal payments on finance leases | — | (5) |
| Net cash provided by financing activities | 6,330 | 4,881 |
| Cash flows from discontinued operations: | ||
| Net cash provided by operating activities | 1,373 | 2,397 |
| Net cash used for investing activities | (1,411) | (1,317) |
| Net cash provided by (used for) financing activities | 1,081 | (2,000) |
| Effects of exchange rate changes on cash and cash equivalents | (381) | 110 |
| Net cash provided by (used for) discontinued operations | 662 | (810) |
| Increase in cash and cash equivalents | 2,355 | (806) |
| Cash and cash equivalents at beginning of year | 368 | 1,174 |
| Less cash and cash equivalents of discontinued operations at the end of the year | (1,009) | (347) |
|---|---|---|
| Cash and cash equivalents from continuing operations at end of year | $1,714 | $21 |
Supplemental Disclosure of Cash Flow Information
| Years Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash paid during the year: | ||
| Cash paid for interest | $(1,468) | $(986) |
| Cash paid for income tax, net | (19) | (9) |
| Non-cash investing and financing activities: | ||
| Additions to property, plant & equipment - incurred but not yet paid | — | 189 |
| Accrued guaranty fees - related party | 880 | — |
| Origination fees capitalized to promissory note principal - related party | 150 | — |
| Interest added to promissory note - related party (paid-in-kind) | 360 | — |
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