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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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Contents

Item 8. Consolidated Statements of Cash Flows

Year ended September 30,
202420232022
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 improvements8,5116,7536,644
Amortization25,10627,20330,928
Write-off of debt issuance costs9,722——
Stock-based compensation expense13,15913,2868,578
Deferred income tax provision(11,761)(12,739)(3,387)
Change in fair value of contingent consideration——(6,200)
Litigation accrual5,700——
Other, net(1,540)(806)(188)
Changes in operating assets and liabilities (net of acquisitions):
Accounts receivable(13,641)(5,558)(114)
Inventories8,786(5,062)(34,468)
Other assets(107)(1,214)(545)
Income taxes2,2814,088(1,305)
Accounts payable6,448(15,503)7,281
Accrued expenses7,9231,53311,133
Net cash provided by operating activities83,09236,75137,740
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 intangibles2,229——
Net cash provided by (used in) investing activities3(4,345)(349,528)
Financing activities:
Proceeds from long-term debt214,062—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 transactions2,9783,9269,505
Proceeds from employee stock purchase plan transactions2,2062,2631,500
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 equivalents1,770(1,113)1,474
Net decrease in cash and cash equivalents(4,183)(3,207)(117,532)
Cash and cash equivalents, beginning of period31,69334,900152,432
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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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.