DIGI INTERNATIONAL INC
For the period ended Jun 30, 2024. Filed Aug 7, 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.
Jun 30, 2024 · Filed Aug 7, 2024
DGII$65.05-3.1%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
| Nine months ended June 30, | ||
|---|---|---|
| 2024 | 2023 | |
| (in thousands) | ||
| Operating activities: | ||
| Net income | $10,642 | $18,405 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation of property, equipment and improvements | 5,977 | 4,997 |
| Amortization | 18,925 | 20,449 |
| Write-off of debt issuance costs | 9,722 | — |
| Stock-based compensation | 10,093 | 9,852 |
| Deferred income tax benefit | (2,970) | (6,495) |
| Litigation accrual | 6,253 | — |
| Other | (1,817) | 21 |
| Changes in operating assets and liabilities | (168) | (19,425) |
| Net cash provided by operating activities | 56,657 | 27,804 |
| Investing activities: | ||
| Purchase of property, equipment, improvements and certain other intangible assets | (1,282) | (3,842) |
| Proceeds from sale of property, equipment, improvements and certain other intangible assets | 2,229 | — |
| Net cash provided by (used in) investing activities | 947 | (3,842) |
| Financing activities: | ||
| Proceeds from long-term debt | 214,062 | — |
| Payments on long-term debt | (276,225) | (29,375) |
| Proceeds from stock option plan transactions | 952 | 2,616 |
| Proceeds from employee stock purchase plan transactions | 2,061 | 1,689 |
| Taxes paid for net share settlement of share-based payment options and awards | (3,466) | (3,850) |
| Net cash used in financing activities | (62,616) | (28,920) |
| Effect of exchange rate changes on cash and cash equivalents | 1,656 | (362) |
| Net decrease in cash and cash equivalents | (3,356) | (5,320) |
| Cash and cash equivalents, beginning of period | 31,693 | 34,900 |
| Cash and cash equivalents, end of period | $28,337 | $29,580 |
| Supplemental disclosures of cash flow information: | ||
| Interest paid | $11,780 | $20,519 |
| Income taxes paid, net | 4,559 | 4,666 |
| Supplemental schedule of non-cash investing and financing activities: | ||
| Transfer of inventory to property, equipment and improvements | (8,354) | (3,175) |
| Accrual for purchase of property, equipment, improvements and certain other intangible assets | $(128) | $(157) |
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