KEY TRONIC CORP
For the period ended Sep 28, 2024. Filed Nov 12, 2024.
View on SEC.govAbout this filing
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.
Sep 28, 2024 · Filed Nov 12, 2024
KTCC$1.29-3.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOW
| Three Months Ended | ||
|---|---|---|
| September 28, 2024 | September 30, 2023 | |
| Operating activities: | ||
| Net income | $1,124 | $335 |
| Adjustments to reconcile net income to cash provided by operating activities: | ||
| Depreciation and amortization | 3,011 | 2,787 |
| Amortization of interest rate swap | — | 58 |
| Amortization of deferred loan costs | 138 | 55 |
| Noncash lease expense | 1,094 | 1,528 |
| Inventory write-down to net realizable value | 296 | 265 |
| Provision for warranty | 16 | 118 |
| Provision for doubtful accounts | 212 | — |
| Loss on disposal of assets | 8 | — |
| Gain on insurance proceeds, net of losses | — | (431) |
| Share-based compensation expense | 67 | 59 |
| Deferred income taxes | (1,207) | (901) |
| Changes in operating assets and liabilities: | ||
| Trade receivables | (1,636) | 9,157 |
| Contract assets | (2,377) | (2,978) |
| Inventories | 8,958 | 10,867 |
| Other assets | (6,661) | 1,417 |
| Accounts payable | 4,374 | (14,261) |
| Accrued compensation and vacation | 360 | (1,491) |
| Other liabilities | 2,170 | (961) |
| Cash provided by operating activities | 9,947 | 5,623 |
| Investing activities: | ||
| Purchase of property and equipment | (377) | (527) |
| Proceeds from insurance | — | 2,249 |
| Cash (used in) provided by investing activities | (377) | 1,722 |
| Financing activities: | ||
| Payment of financing costs | (126) | (491) |
| Repayments of long term debt | (778) | (707) |
| Borrowings under revolving credit agreement | 119,987 | 138,320 |
| Repayments of revolving credit agreement | (126,003) | (143,170) |
| Principal payments on finance leases | (847) | (1,326) |
| Cash used in financing activities | (7,767) | (7,374) |
| Net increase (decrease) in cash and cash equivalents | 1,803 | (29) |
| Cash and cash equivalents, beginning of period | 4,752 | 3,603 |
| Cash and cash equivalents, end of period | $6,555 | $3,574 |
| Supplemental cash flow information: | ||
| Interest payments | $3,303 | $3,042 |
| Income tax payments, net of refunds | $228 | $1,168 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.