COGNEX CORP
For the period ended Sep 28, 2025. Filed Oct 30, 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.
Sep 28, 2025 · Filed Oct 30, 2025
CGNX$50.80+0.9%Stored close · as of Nov 10, 2026
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Consolidated Statements of Cash Flows for the
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
| Nine-months Ended | ||
|---|---|---|
| September 28, 2025 | September 29, 2024 | |
| (unaudited) | ||
| Cash flows from operating activities: | ||
| Net income | $81,778 | $77,825 |
| Adjustments to reconcile net income to net cash provided by (used in) operating activities: | ||
| Stock-based compensation expense | 34,649 | 39,367 |
| Depreciation of property, plant, and equipment | 15,521 | 15,904 |
| (Gain) loss on disposal of property, plant, and equipment | 6 | — |
| Amortization of intangible assets | 7,945 | 8,926 |
| Excess and obsolete inventory charges | 2,582 | 1,968 |
| Fair value adjustment on acquired inventories | — | 1,224 |
| Amortization of discounts or premiums on investments | (439) | 437 |
| Realized (gain) loss on sale of investments | (150) | 8 |
| Change in deferred income taxes | 37,741 | (13,440) |
| Change in operating assets and liabilities: | ||
| Accounts receivable | (9,414) | (43,669) |
| Unbilled revenue | (13,816) | 298 |
| Inventories | 11,878 | 3,424 |
| Prepaid expenses and other current assets | 8,855 | (1,420) |
| Accounts payable | 6,927 | 9,567 |
| Accrued expenses | 10,529 | 5,342 |
| Accrued income taxes | (23,238) | (11,060) |
| Deferred revenue and customer deposits | (1,500) | (1,703) |
| Other | 758 | 4,679 |
| Net cash provided by (used in) operating activities | 170,612 | 97,677 |
| Cash flows from investing activities: | ||
| Purchases of investments | (249,471) | (649,020) |
| Maturities and sales of investments | 303,242 | 622,240 |
| Purchases of property, plant, and equipment | (6,147) | (12,970) |
| Net payments related to business acquisitions | — | (1,444) |
| Net cash provided by (used in) investing activities | 47,624 | (41,194) |
| Cash flows from financing activities: | ||
| Net payments from issuance of common stock under stock plans | (2,152) | (205) |
| Repurchase of common stock | (126,233) | (23,841) |
| Payment of excise tax on prior year common stock repurchases | (388) | — |
| Payment of dividends | (40,424) | (38,619) |
| Net cash provided by (used in) financing activities | (169,197) | (62,665) |
| Effect of foreign exchange rate changes on cash and cash equivalents | 10,765 | 602 |
| Net change in cash and cash equivalents | 59,804 | (5,580) |
| Cash and cash equivalents at beginning of period | 186,094 | 202,655 |
| Cash and cash equivalents at end of period | $245,898 | $197,075 |
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