DAKTRONICS INC SD
For the period ended Jan 25, 2025. Filed Mar 5, 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.
Jan 25, 2025 · Filed Mar 5, 2025
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Condensed Consolidated Statements of Cash Flows for the
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
| Nine Months Ended | ||
|---|---|---|
| January 25,2025 | January 27,2024 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net (loss) income | $(696) | $32,103 |
| Adjustments to reconcile net (loss) income to net cash provided by operating activities: | ||
| Depreciation and amortization | 14,707 | 14,370 |
| (Gain) loss on sale of property, equipment and other assets | (118) | 98 |
| Share-based compensation | 1,623 | 1,598 |
| Equity in loss of affiliates | 2,594 | 2,330 |
| (Recoveries of) provision for doubtful accounts, net | (481) | 659 |
| Deferred income taxes, net | 877 | 23 |
| Non-cash impairment charges | — | 1,091 |
| Change in fair value of convertible note | 25,369 | 11,570 |
| Debt issuance costs write-off | — | 3,353 |
| Change in operating assets and liabilities | 30,964 | (13,406) |
| Net cash provided by operating activities | 74,839 | 53,789 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Purchases of property and equipment | (14,668) | (13,628) |
| Proceeds from sales of property, equipment and other assets | 212 | 107 |
| Proceeds from sales or maturities of marketable securities | — | 550 |
| Purchases of equity and loans to equity investees | (3,326) | (4,084) |
| Net cash used in investing activities | (17,782) | (17,055) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Borrowings on notes payable | — | 40,485 |
| Payments on notes payable | (1,733) | (18,500) |
| Principal payments on long-term obligations | (310) | (307) |
| Payments for common shares repurchased | (9,016) | — |
| Debt issuance costs | — | (6,833) |
| Proceeds from exercise of stock options | 5,056 | 1,147 |
| Tax payments related to RSU issuances | (591) | (303) |
| Net cash (used in) provided by financing activities | (6,594) | 15,689 |
| EFFECT OF EXCHANGE RATE CHANGES ON CASH | 28 | 80 |
| NET INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | 50,491 | 52,503 |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH: | ||
| Beginning of period | 81,678 | 24,690 |
| End of period | $132,169 | $77,193 |
| Supplemental disclosures of cash flow information: | ||
| Cash paid for: | ||
| Interest | $2,657 | $1,959 |
| Income taxes, net of refunds | 16,622 | 18,185 |
| Supplemental schedule of non-cash investing and financing activities: | ||
| Purchases of property and equipment included in accounts payable | 2,890 | 1,050 |
| Contributions of common stock under the employee stock purchase plan | 1,192 | 1,201 |
| Settlement of convertible note | 36,797 | — |
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