Sonos Inc
For the period ended Dec 30, 2023. Filed Feb 7, 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 Feb 7, 2024
SONO$16.89-0.7%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
(unaudited, in thousands)
| Three Months Ended | ||
|---|---|---|
| December 30,2023 | December 31,2022 | |
| Cash flows from operating activities | ||
| Net income | $80,947 | $75,188 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 11,878 | 11,132 |
| Restructuring and abandonment charges | 260 | — |
| Stock-based compensation expense | 19,358 | 20,195 |
| Provision for inventory obsolescence | 5,837 | 5,204 |
| Other | 1,236 | 1,593 |
| Deferred income taxes | (45) | 167 |
| Foreign currency transaction gains | (7,388) | (17,700) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (12,215) | (7,286) |
| Inventories | 167,641 | 143,144 |
| Other assets | (12,878) | 2,463 |
| Accounts payable and accrued expenses | (7,429) | (65,917) |
| Accrued compensation | 5,988 | 2,249 |
| Deferred revenue | 3,660 | (3,950) |
| Other liabilities | 18,551 | 15,804 |
| Net cash provided by operating activities | 275,401 | 182,286 |
| Cash flows from investing activities | ||
| Purchases of property and equipment | (6,077) | (14,689) |
| Net cash used in investing activities | (6,077) | (14,689) |
| Cash flows from financing activities | ||
| Payments for repurchase of common stock | (23,484) | (15,043) |
| Proceeds from exercise of common stock options | 3,538 | 8,103 |
| Payments for repurchase of common stock related to shares withheld for tax in connection with vesting of stock awards | (3,745) | (8,376) |
| Net cash used in financing activities | (23,691) | (15,316) |
| Effect of exchange rate changes on cash and cash equivalents | 1,478 | 4,397 |
| Net increase in cash and cash equivalents | 247,111 | 156,678 |
| Cash and cash equivalents | ||
| Beginning of period | 220,231 | 274,855 |
| End of period | $467,342 | $431,533 |
| Supplemental disclosure | ||
| Cash paid for interest | $58 | $111 |
| Cash paid for taxes, net of refunds | $3,684 | $1,903 |
| Cash paid for amounts included in the measurement of lease liabilities | $2,601 | $2,190 |
| Supplemental disclosure of non-cash investing and financing activities | ||
| Purchases of property and equipment in accounts payable and accrued expenses | $6,141 | $2,030 |
| Right-of-use assets obtained in exchange for new operating lease liabilities | $7,637 | $— |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.