SANMINA CORP
For the period ended Dec 28, 2024. Filed Jan 28, 2025.
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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 28, 2024 · Filed Jan 28, 2025
SANM$155.43+3.9%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows
| Three Months Ended | ||
|---|---|---|
| December 28,2024 | December 30,2023 | |
| (Unaudited) | ||
| (In thousands) | ||
| CASH FLOWS PROVIDED BY (USED IN) OPERATING ACTIVITIES: | ||
| Net income before noncontrolling interest | $70,884 | $60,364 |
| Adjustments to reconcile net income before noncontrolling interest to cash provided by (used in) operating activities: | ||
| Depreciation | 31,845 | 30,726 |
| Stock-based compensation expense | 15,292 | 12,585 |
| Deferred income taxes | 5,336 | 6,080 |
| Other, net | 526 | (480) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (18,613) | 131,244 |
| Contract assets | (2,556) | 1,213 |
| Inventories | 15,747 | 87,207 |
| Prepaid expenses and other assets | 12,995 | 8,280 |
| Accounts payable | (54,656) | (187,679) |
| Accrued liabilities and other | (36,951) | (23,983) |
| Deferred revenue and customer advances | 24,089 | 468 |
| Cash provided by operating activities | 63,938 | 126,025 |
| CASH FLOWS PROVIDED BY (USED IN) INVESTING ACTIVITIES: | ||
| Purchases of property, plant and equipment | (17,085) | (34,216) |
| Other, net | (136) | (600) |
| Cash used in investing activities | (17,221) | (34,816) |
| CASH FLOWS PROVIDED BY (USED IN) FINANCING ACTIVITIES: | ||
| Repayments of borrowings | (4,375) | (12,820) |
| Proceeds from revolving credit facility borrowings | 256,700 | 752,200 |
| Repayments of revolving credit facility borrowings | (256,700) | (752,200) |
| Net proceeds from stock issuances | — | 147 |
| Repurchases of common stock | (24,456) | (115,766) |
| Cash used in financing activities | (28,831) | (128,439) |
| Effect of exchange rate changes | (1,344) | 1,250 |
| Increase (decrease) in cash and cash equivalents | 16,542 | (35,980) |
| Cash and cash equivalents at beginning of period | 625,860 | 667,570 |
| Cash and cash equivalents at end of period | $642,402 | $631,590 |
| Cash paid during the period for: | ||
| Interest, net of capitalized interest | $4,496 | $7,535 |
| Income taxes, net of refunds | $18,765 | $20,122 |
| Unpaid purchases of property, plant and equipment at the end of period | $22,436 | $19,396 |
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