LITTELFUSE INC DE
For the period ended Dec 28, 2024. Filed Mar 13, 2025.
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FY2024 · Filed Mar 13, 2025
LFUS$383.37-0.6%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
| Fiscal Year Ended | |||
|---|---|---|---|
| (in thousands) | December 28, 2024 | December 30, 2023 | December 31, 2022 |
| OPERATING ACTIVITIES | |||
| Net income | $100,190 | $259,485 | $373,306 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation | 68,325 | 71,634 | 65,011 |
| Amortization of intangibles | 62,127 | 65,794 | 55,695 |
| Impairment charges | 93,515 | 4,853 | 4,546 |
| Deferred revenue | (2,028) | 1,787 | 115 |
| Non-cash inventory charges | — | — | 15,593 |
| Stock-based compensation | 26,012 | 23,898 | 23,626 |
| (Gain) loss on investments and other assets | (112) | 291 | 14,024 |
| Deferred income taxes | (2,823) | 46 | (22,419) |
| Other | (7,873) | 5,473 | 32,680 |
| Changes in operating assets and liabilities: | |||
| Trade receivables | (15,347) | 24,517 | (19,334) |
| Inventories | 47,143 | 82,471 | (89,235) |
| Accounts payable | 16,260 | (36,277) | (22,403) |
| Accrued liabilities and income taxes | (34,560) | (61,022) | (9,495) |
| Prepaid expenses and other assets | 16,792 | 14,437 | (1,992) |
| Net cash provided by operating activities | 367,621 | 457,387 | 419,718 |
| INVESTING ACTIVITIES | |||
| Acquisitions of businesses, net of cash acquired | — | (198,810) | (532,670) |
| Purchases of property, plant, and equipment | (75,877) | (86,188) | (104,341) |
| Net proceeds from sale of property, plant, and equipment | 10,836 | 832 | 676 |
| Other | (741) | (151) | (62) |
| Net cash used in investing activities | (65,782) | (284,317) | (636,397) |
| FINANCING ACTIVITIES | |||
| Proceeds of term loan | — | — | 300,000 |
| Proceeds from senior notes payable | — | — | 100,000 |
| Payments of senior notes payable | — | (121,302) | (25,000) |
| Repayments of other debts | (2,707) | (2,697) | (1,552) |
| Payments of term loan | (7,500) | (7,500) | (3,750) |
| Net proceeds (payments) related to stock-based award activities | 5,694 | 7,934 | (862) |
| Debt issuance costs | — | — | (2,723) |
| Cash dividends paid | (67,061) | (62,161) | (55,911) |
| Purchases of common stock | (40,862) | — | — |
| Net cash (used in) provided by financing activities | (112,436) | (185,726) | 310,202 |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | (20,089) | 4,840 | (11,420) |
| Increase (decrease) in cash, cash equivalents, and restricted cash | 169,314 | (7,816) | 82,103 |
| Cash, cash equivalents, and restricted cash at beginning of period | 557,123 | 564,939 | $482,836 |
| Cash, cash equivalents, and restricted cash at end of period | $726,437 | $557,123 | $564,939 |
| Supplementary Cash Flow Information | |||
| Reconciliation of cash and cash equivalents: | |||
| Cash and cash equivalents | $724,924 | $555,513 | $562,588 |
| Restricted cash included in prepaid expenses and other current assets | — | — | 802 |
| Restricted cash included in other long-term assets | 1,513 | 1,610 | 1,549 |
| Cash paid during the period for interest | 36,207 | 37,167 | 25,439 |
| Cash paid during the period for income taxes, net of refunds | 83,765 | 73,932 | 93,622 |
| Capital expenditures, not yet paid | 11,727 | 9,191 | 11,725 |
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