SANMINA CORP
For the period ended Dec 30, 2023. Filed Jan 31, 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.
Dec 30, 2023 · Filed Jan 31, 2024
SANM$155.43+3.9%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
| Three Months Ended | ||
|---|---|---|
| December 30,2023 | December 31,2022 | |
| (Unaudited) | ||
| (In thousands) | ||
| CASH FLOWS PROVIDED BY (USED IN) OPERATING ACTIVITIES: | ||
| Net income before noncontrolling interest | $60,364 | $95,114 |
| Adjustments to reconcile net income before noncontrolling interest to cash provided by (used in) operating activities: | ||
| Depreciation and amortization | 30,726 | 28,536 |
| Stock-based compensation expense | 12,585 | 11,609 |
| Deferred income taxes | 6,080 | 9,428 |
| Other, net | (480) | (311) |
| Changes in operating assets and liabilities, net of amounts acquired: | ||
| Accounts receivable | 131,244 | (166,333) |
| Contract assets | 1,213 | (8,749) |
| Inventories | 87,207 | (11,965) |
| Prepaid expenses and other assets | 8,280 | (27,657) |
| Accounts payable | (189,580) | 89,365 |
| Accrued liabilities | (21,614) | 18,187 |
| Cash provided by operating activities | 126,025 | 37,224 |
| CASH FLOWS PROVIDED BY (USED IN) INVESTING ACTIVITIES: | ||
| Purchases of property, plant and equipment | (34,216) | (37,060) |
| Other, net | (600) | (270) |
| Cash used in investing activities | (34,816) | (37,330) |
| CASH FLOWS PROVIDED BY (USED IN) FINANCING ACTIVITIES: | ||
| Repayments of borrowings | (12,820) | (4,375) |
| Proceeds from revolving credit facility borrowings | 752,200 | 737,200 |
| Repayments of revolving credit facility borrowings | (752,200) | (737,200) |
| Net proceeds from stock issuances | 147 | 173 |
| Repurchases of common stock | (115,766) | (8,009) |
| Proceeds from sale of noncontrolling interest | — | 215,799 |
| Cash provided by (used in) financing activities | (128,439) | 203,588 |
| Effect of exchange rate changes | 1,250 | 1,975 |
| Increase (decrease) in cash and cash equivalents | (35,980) | 205,457 |
| Cash and cash equivalents at beginning of period | 667,570 | 529,857 |
| Cash and cash equivalents at end of period | $631,590 | $735,314 |
| Cash paid during the period for: | ||
| Interest, net of capitalized interest | $7,535 | $6,772 |
| Income taxes, net of refunds | $20,122 | $9,507 |
| Unpaid purchases of property, plant and equipment at the end of period | $19,396 | $43,648 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.