KEY TRONIC CORP
For the period ended Mar 30, 2024. Filed May 14, 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.
Mar 30, 2024 · Filed May 14, 2024
KTCC$1.29-3.7%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOW
| Nine Months Ended | ||
|---|---|---|
| March 30, 2024 | April 1, 2023 | |
| Operating activities: | ||
| Net income (loss) | $(802) | $4,094 |
| Adjustments to reconcile net income (loss) to cash provided by (used in) operating activities: | ||
| Depreciation and amortization | 8,247 | 6,857 |
| Amortization of interest rate swap | 97 | 270 |
| Amortization of deferred loan costs | 221 | 85 |
| Noncash lease expense | 4,289 | 4,413 |
| Inventory write-down to net realizable value | 80 | 455 |
| Provision for warranty | 129 | 280 |
| Provision for doubtful accounts | 49 | 32 |
| Gain on disposal of assets | (32) | (124) |
| Gain on insurance proceeds, net of losses | (431) | (4,040) |
| Share-based compensation expense | 163 | 178 |
| Deferred income taxes | (2,578) | (1,635) |
| Changes in operating assets and liabilities: | ||
| Trade receivables | 14,909 | (16,083) |
| Contract assets | 1,306 | (7,925) |
| Inventories | 22,716 | 971 |
| Other assets | (1,500) | 2,567 |
| Accounts payable | (33,701) | 10,657 |
| Accrued compensation and vacation | (6,281) | (1,190) |
| Other liabilities | (800) | (16,961) |
| Cash provided by (used in) operating activities | 6,081 | (17,099) |
| Investing activities: | ||
| Purchase of property and equipment | (3,398) | (4,867) |
| Proceeds from insurance | 2,365 | 3,500 |
| Cash used in investing activities | (1,033) | (1,367) |
| Financing activities: | ||
| Payment of financing costs | (706) | — |
| Proceeds from issuance of long term debt | 1,161 | — |
| Repayments of long term debt | (2,214) | (1,721) |
| Borrowings under revolving credit agreement | 403,034 | 447,718 |
| Repayments of revolving credit agreement | (400,840) | (426,126) |
| Principal payments on finance leases | (3,831) | (3,075) |
| Cash (used in) provided by financing activities | (3,396) | 16,796 |
| Net increase (decrease) in cash and cash equivalents | 1,652 | (1,670) |
| Cash and cash equivalents, beginning of period | 3,603 | 1,707 |
| Cash and cash equivalents, end of period | $5,255 | $37 |
| Supplemental cash flow information: | ||
| Interest payments | $8,841 | $7,127 |
| Income tax payments, net of refunds | $1,899 | $817 |
| Recognition of operating lease liabilities and right-of-use assets | $3,621 | $5,152 |
| Recognition of financing lease liabilities and right-of-use assets | $— | $4,404 |
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