DIGI INTERNATIONAL INC
For the period ended Dec 31, 2023. Filed Feb 2, 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.
Dec 31, 2023 · Filed Feb 2, 2024
DGII$65.05-3.1%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
| Three months ended December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| (in thousands) | ||
| Operating activities: | ||
| Net (loss) income | $(3,054) | $5,779 |
| Adjustments to reconcile net (loss) income to net cash provided by operating activities: | ||
| Depreciation of property, equipment and improvements | 1,813 | 1,649 |
| Amortization | 6,591 | 6,957 |
| Write-off of debt issuance costs | 9,722 | — |
| Stock-based compensation | 3,106 | 2,868 |
| Deferred income tax (benefit) provision | (303) | 905 |
| Other | 349 | (29) |
| Changes in operating assets and liabilities (net of acquisitions) | 448 | (15,449) |
| Net cash provided by operating activities | 18,672 | 2,680 |
| Investing activities: | ||
| Purchase of property, equipment, improvements and certain other intangible assets | (292) | (963) |
| Net cash used in investing activities | (292) | (963) |
| Financing activities: | ||
| Proceeds from long-term debt | 214,062 | — |
| Payments on long-term debt | (233,025) | (4,375) |
| Proceeds from stock option plan transactions | 225 | 872 |
| Proceeds from employee stock purchase plan transactions | 531 | 594 |
| Taxes paid for net share settlement of share-based payment options and awards | (2,169) | (2,987) |
| Net cash used in financing activities | (20,376) | (5,896) |
| Effect of exchange rate changes on cash and cash equivalents | 1,851 | 228 |
| Net decrease in cash and cash equivalents | (145) | (3,951) |
| Cash and cash equivalents, beginning of period | 31,693 | 34,900 |
| Cash and cash equivalents, end of period | $31,548 | $30,949 |
| Supplemental disclosures of cash flow information: | ||
| Interest paid | $4,309 | $8,466 |
| Income taxes paid, net | 72 | 565 |
| Supplemental schedule of non-cash investing and financing activities: | ||
| Transfer of inventory to property, equipment and improvements | (1,105) | (1,512) |
| Accrual for purchase of property, equipment, improvements and certain other intangible assets | $(10) | $(17) |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.