KEY TRONIC CORP
For the period ended Dec 28, 2024. Filed Feb 7, 2025.
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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 28, 2024 · Filed Feb 7, 2025
KTCC$1.29-3.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOW
| Six Months Ended | ||
|---|---|---|
| December 28, 2024 | December 30, 2023 | |
| Operating activities: | ||
| Net income (loss) | $(3,790) | $1,419 |
| Adjustments to reconcile net income to cash provided by operating activities: | ||
| Depreciation and amortization | 5,536 | 5,498 |
| Amortization of interest rate swap | — | 97 |
| Amortization of deferred loan costs | 1,286 | 137 |
| Noncash lease expense | 2,371 | 2,928 |
| Provision for warranty | 16 | 138 |
| Provision for credit losses | 372 | 49 |
| Loss (gain) on disposal of assets | 8 | (36) |
| Gain on insurance proceeds, net of losses | — | (431) |
| Share-based compensation expense | 83 | 111 |
| Deferred income taxes | (2,166) | (1,213) |
| Noncash accrued compensation benefit | — | (3,907) |
| Changes in operating assets and liabilities: | ||
| Trade receivables | 19,415 | 15,708 |
| Contract assets | 2,361 | 2,155 |
| Inventories | 4,390 | 13,808 |
| Other assets | (3,922) | 417 |
| Accounts payable | (15,809) | (24,541) |
| Accrued compensation and vacation | (292) | (3,768) |
| Other liabilities | 1,678 | 511 |
| Cash provided by operating activities | 11,537 | 9,080 |
| Investing activities: | ||
| Purchase of property and equipment | (821) | (2,609) |
| Proceeds from insurance | — | 2,249 |
| Cash used in investing activities | (821) | (360) |
| Financing activities: | ||
| Payment of financing costs | (2,580) | (625) |
| Repayments of long term debt | (2,294) | (1,457) |
| Borrowings under revolving credit agreement | 310,646 | 272,755 |
| Repayments of revolving credit agreement | (343,489) | (278,643) |
| Principal payments on finance leases | (1,507) | (2,561) |
| Proceeds from issuance of long-term debt | 28,000 | 1,161 |
| Cash used in financing activities | (11,224) | (9,370) |
| Net decrease in cash and cash equivalents | (508) | (650) |
| Cash and cash equivalents, beginning of period | 4,752 | 3,603 |
| Cash and cash equivalents, end of period | $4,244 | $2,953 |
| Supplemental cash flow information: | ||
| Interest payments | $5,986 | $6,015 |
| Income tax payments, net of refunds | $458 | $1,602 |
| Recognition of operating lease liabilities and right-of-use assets | $784 | $3,575 |
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