DIGI INTERNATIONAL INC
For the period ended Sep 30, 2024. Filed Nov 22, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Nov 22, 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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Item 8. Consolidated Statements of Cash Flows
| Year ended September 30, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Operating activities: · (in thousands) | |||
| Net income | $22,505 | $24,770 | $19,383 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation of property, equipment and improvements | 8,511 | 6,753 | 6,644 |
| Amortization | 25,106 | 27,203 | 30,928 |
| Write-off of debt issuance costs | 9,722 | — | — |
| Stock-based compensation expense | 13,159 | 13,286 | 8,578 |
| Deferred income tax provision | (11,761) | (12,739) | (3,387) |
| Change in fair value of contingent consideration | — | — | (6,200) |
| Litigation accrual | 5,700 | — | — |
| Other, net | (1,540) | (806) | (188) |
| Changes in operating assets and liabilities (net of acquisitions): | |||
| Accounts receivable | (13,641) | (5,558) | (114) |
| Inventories | 8,786 | (5,062) | (34,468) |
| Other assets | (107) | (1,214) | (545) |
| Income taxes | 2,281 | 4,088 | (1,305) |
| Accounts payable | 6,448 | (15,503) | 7,281 |
| Accrued expenses | 7,923 | 1,533 | 11,133 |
| Net cash provided by operating activities | 83,092 | 36,751 | 37,740 |
| Investing activities: | |||
| Acquisition of businesses, net of cash acquired | — | — | (347,554) |
| Purchase of property, equipment, improvements and certain other intangible assets | (2,226) | (4,345) | (1,974) |
| Proceeds from sales of intangibles | 2,229 | — | — |
| Net cash provided by (used in) investing activities | 3 | (4,345) | (349,528) |
| Financing activities: | |||
| Proceeds from long-term debt | 214,062 | — | 350,000 |
| Payments of debt issuance costs | — | — | (13,443) |
| Payments on long-term debt | (304,725) | (36,375) | (148,118) |
| Proceeds from stock option plan transactions | 2,978 | 3,926 | 9,505 |
| Proceeds from employee stock purchase plan transactions | 2,206 | 2,263 | 1,500 |
| Taxes paid for net share settlement of share-based payment awards | (3,569) | (4,314) | (6,662) |
| Net cash (used in) provided by financing activities | (89,048) | (34,500) | 192,782 |
| Effect of exchange rate changes on cash and cash equivalents | 1,770 | (1,113) | 1,474 |
| Net decrease in cash and cash equivalents | (4,183) | (3,207) | (117,532) |
| Cash and cash equivalents, beginning of period | 31,693 | 34,900 | 152,432 |
| Cash and cash equivalents, end of period | $27,510 | $31,693 | $34,900 |
| Supplemental disclosures of cash flow information: | |||
| Interest paid | $14,763 | $26,351 | $14,209 |
| Income taxes paid, net | $7,306 | $8,693 | $4,333 |
| Supplemental schedule of non-cash investing and financing activities: | |||
| Accrual for property, equipment, improvements and certain other intangibles assets | $(164) | $(277) | $(191) |
| Transfer of inventory to property, equipment and improvements | $(12,252) | $(3,889) | $(6,237) |
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